Key Takeaways:
- Coris is revolutionising the fintech and payment processing industries with its modern risk infrastructure.
- The company provides businesses with relevant alternative data about merchants for efficient and automated underwriting and early warning signals before a merchant goes out of business.
- Coris boasts a comprehensive Merchant Risk platform, thanks to native integration with Stripe Connect.
As global dependence on digital services continues to grow, the fintech and payment processing industries are multiplying like never before. Now more than ever, these industries need robust risk management solutions to ensure security and reliability. Enter Coris, a Palo Alto-based startup that uses modern risk infrastructure to ensure businesses operate effectively and efficiently.
Backed by Y Combinator and a team of top-notch investors, Coris strives to provide businesses, specifically vertical Software-as-a-Service (SaaS) companies and payement processors, with relevant alternative data about merchants. The startup has seen considerable growth and has rapidly emerged as a risk management leader in the fintech industry.
What sets Coris apart from other risk management firms is its meticulously crafted output worded in easy to understand business language. Usage of real-time data to underwrite and manage risk for small and medium-sized businesses (SMBs) has given a new dimension to risk management, reducing the threat of business failure and transaction losses. By integrating natively with Stripe Connect, Coris provides a comprehensive Merchant Risk platform for risk teams, proving to be a one-stop shop for businesses looking to manage risk.
Moreover, Coris doesn’t stop at providing data; it ensures that businesses can make sense of it to take effective decisions. The efficiency and automation offered by Coris has made it a game changer in the growing fintech and payment industry.
In the wake of digital development and advancements in fintech, there’s no doubt that the need for effective risk management will continue to grow. As Coris continues to work diligently toward its goal of reshaping the industry with innovative risk solutions, the future of the fintech and payment processing sectors looks promising.
Connect with Coris via their website, follow them on Twitter or join their network on LinkedIn. Together, let’s watch how Coris shapes the future of risk management in fintech and payment processing.
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