Login Successful
Your login is successfull, please click here to stay signed in
Disclaimer: Access to Highako Academy courses is exclusive to HighRadius customers
Virtual Banking: Solution to Credit Risk Problems
Portfolio Analysis
Learn how AI in Credit Risk Management could mitigate financial risks to increase a company’s profit
WATCH NOW
     

Earn a free online certificate now!

                     
         
           

Share Your Credentials with The World!

           

Add the certificate to your LinkedIn profile with a single click. You will also be able to download, print and share this certificate through your profile page on Highako Academy.

           
Get Certified Now            
         
               
   
  • Lesson Overview
  • Transcript
  • Resources
  • Discuss

Credit managers over the decades have looked into the finance inventory of customers to assess credit risk during lending, says Edward Boyle, the Chief Executive Officer of Medici Bank in his recent podcast with Dave Schmidt and Robert(Bob) Shultz from Highako.

The process became cumbersome when they began lending across the globe. With the involvement of multiple financial institutions, there was no real-time visibility into the funds. This gave rise to the most historical question ‘Where is the money?’

To deal with these complications, banks introduced a tokenized future for credit managers.

What is Tokenization? Tokenization is a generalized concept of a cryptographic hash. It means representing something by a symbol ‘token’. For instance, your customer’s assets will be tokenized and put on the distributor’s(Your) ledger. Once this is done, your customer cannot borrow collateral against that asset. 

With the onset of Tokenization, the age-old batch system of tracking goods and money collapsed. Why? Because the former gave real-time visibility to the sender and receiver for tracing accounts receivable.

The new era of tokenization marked 50% less guilt-free risk assessment. Best of all, businesses reap all these benefits today.

  1. Protects businesses from the negative financial impacts of terrorism and money laundering.\Fosters trust with customers
  2. Achieves and maintains compliance with industry regulations
  3. Drives efficient payment innovations 
  4. Reduces payment cycle time from 2 to 3 days to 2 to 3 minutes 

Hear from Lorenzo de’ Co-Founder, Medici Bank how adapting tokenization could mitigate financial risks by real-time effective decision-making processes resulting in increased company’s profit. 



Coming Soon

Coming Soon
Coming Soon
Instructors
ROBERT SHULTZ · Founder, Quote to Cash Solution
Robert Shultz has had a thirty-year career as a global credit and financial executive for large multi-national companies. As a Founding Partner of Quote to Cash Solutions (Q2C) LLC, he provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries.
Dave Schmidt · Contributing Editor, Credit Today
Dave is an order-to-cash and SME risk expert with over 27 years of experience. He focuses on the order-to-cash side of the working capital coin applying his knowledge and expertise with receivables, credit, and collection best practices and technology to maximize clients' performance. Dave aims at providing insights into the small and medium enterprise (SME) community by delivering actionable intelligence solutions for clients to drive efficiency, manage risk and grow revenue.
Lorenzo de’ Medici · Co-Founder, Medici Bank
The Medici is one of the 10 most influential families in the world in history for innovations in the arts, sciences, and banking: [They] literally changed the world. The Medici is committed to giving a good direction in the world and came to a period of “enlightenment” from a period of great darkness and truly put the concept of the “individual” into the world by recognizing and acknowledging the “ethos” and individual soul of every human being, believing that every human being held value and deserved respect.
Edward Boyle · Chief Executive Officer of Medici Bank
Ed Boyle is the preacher who understands not only what technology can do, but also understand how it solves problems for clients analyzing the underlying
·
CURRICULUM
COMMENTS

Virtual Banking: Solution to Credit Risk Problems

Learn how AI in Credit Risk Management could mitigate financial risks to increase a company’s profit

Cancel Apply

rate limit

Code not recognized.

About this Course

promoImage
description
lessonOverview

Credit managers over the decades have looked into the finance inventory of customers to assess credit risk during lending, says Edward Boyle, the Chief Executive Officer of Medici Bank in his recent podcast with Dave Schmidt and Robert(Bob) Shultz from Highako.

The process became cumbersome when they began lending across the globe. With the involvement of multiple financial institutions, there was no real-time visibility into the funds. This gave rise to the most historical question ‘Where is the money?’

To deal with these complications, banks introduced a tokenized future for credit managers.

What is Tokenization? Tokenization is a generalized concept of a cryptographic hash. It means representing something by a symbol ‘token’. For instance, your customer’s assets will be tokenized and put on the distributor’s(Your) ledger. Once this is done, your customer cannot borrow collateral against that asset. 

With the onset of Tokenization, the age-old batch system of tracking goods and money collapsed. Why? Because the former gave real-time visibility to the sender and receiver for tracing accounts receivable.

The new era of tokenization marked 50% less guilt-free risk assessment. Best of all, businesses reap all these benefits today.

  1. Protects businesses from the negative financial impacts of terrorism and money laundering.\Fosters trust with customers
  2. Achieves and maintains compliance with industry regulations
  3. Drives efficient payment innovations 
  4. Reduces payment cycle time from 2 to 3 days to 2 to 3 minutes 

Hear from Lorenzo de’ Co-Founder, Medici Bank how adapting tokenization could mitigate financial risks by real-time effective decision-making processes resulting in increased company’s profit. 
transcript

Coming Soon
resources Coming Soon
discuss Coming Soon
instructor
name title image description
ROBERT SHULTZ Founder, Quote to Cash Solution Robert Shultz has had a thirty-year career as a global credit and financial executive for large multi-national companies. As a Founding Partner of Quote to Cash Solutions (Q2C) LLC, he provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries.
Dave Schmidt Contributing Editor, Credit Today Dave is an order-to-cash and SME risk expert with over 27 years of experience. He focuses on the order-to-cash side of the working capital coin applying his knowledge and expertise with receivables, credit, and collection best practices and technology to maximize clients' performance. Dave aims at providing insights into the small and medium enterprise (SME) community by delivering actionable intelligence solutions for clients to drive efficiency, manage risk and grow revenue.
Lorenzo de’ Medici Co-Founder, Medici Bank The Medici is one of the 10 most influential families in the world in history for innovations in the arts, sciences, and banking: [They] literally changed the world. The Medici is committed to giving a good direction in the world and came to a period of “enlightenment” from a period of great darkness and truly put the concept of the “individual” into the world by recognizing and acknowledging the “ethos” and individual soul of every human being, believing that every human being held value and deserved respect.
Edward Boyle Chief Executive Officer of Medici Bank Ed Boyle is the preacher who understands not only what technology can do, but also understand how it solves problems for clients analyzing the underlying
tribe
widgetType Id components
topic virtual-banking-solution-to-credit-problems input

Curriculum60 Mins

  • Medici Bank's Role in Simplifying Credit Managers Life (~ 15 Mins)
  • Preview
    How Medici Bank Simplifies Credit Manager's Life
  • Preview
    How to Shorten the Process of Export Transaction
  • How Does Open Banking Benefits the Credit Managers (~ 15 Mins)
  • How Does Open Banking Benefits the Credit Managers
  • What Role Does Open Banking Play in Credit Managers Life
  • How Export Sales Works for Trade Creditors (~6 Mins)
  • How Export Sales Works for Trade Creditors
  • How Would Adapting to Crypto Benefit the Trade Creditors (~ 10 Mins)
  • How Would Adapting to Crypto Benefit the Credit Managers
  • Steps to Implement Stable Coin
  • Risk Mitigation Measures Against Money Laundering (~ 5 Mins)
  • Risk Mitigation Measures Against Money Laundering
  • Key Steps Towards Making More Valuable Decisions (~ 10 Mins)
  • Key Steps Towards Better Decision Making by Credit Managers
  • Future of Banking for Credit Managers

About this Course

promoImage
description
lessonOverview

Credit managers over the decades have looked into the finance inventory of customers to assess credit risk during lending, says Edward Boyle, the Chief Executive Officer of Medici Bank in his recent podcast with Dave Schmidt and Robert(Bob) Shultz from Highako.

The process became cumbersome when they began lending across the globe. With the involvement of multiple financial institutions, there was no real-time visibility into the funds. This gave rise to the most historical question ‘Where is the money?’

To deal with these complications, banks introduced a tokenized future for credit managers.

What is Tokenization? Tokenization is a generalized concept of a cryptographic hash. It means representing something by a symbol ‘token’. For instance, your customer’s assets will be tokenized and put on the distributor’s(Your) ledger. Once this is done, your customer cannot borrow collateral against that asset. 

With the onset of Tokenization, the age-old batch system of tracking goods and money collapsed. Why? Because the former gave real-time visibility to the sender and receiver for tracing accounts receivable.

The new era of tokenization marked 50% less guilt-free risk assessment. Best of all, businesses reap all these benefits today.

  1. Protects businesses from the negative financial impacts of terrorism and money laundering.\Fosters trust with customers
  2. Achieves and maintains compliance with industry regulations
  3. Drives efficient payment innovations 
  4. Reduces payment cycle time from 2 to 3 days to 2 to 3 minutes 

Hear from Lorenzo de’ Co-Founder, Medici Bank how adapting tokenization could mitigate financial risks by real-time effective decision-making processes resulting in increased company’s profit. 
transcript

Coming Soon
resources Coming Soon
discuss Coming Soon
instructor
name title image description
ROBERT SHULTZ Founder, Quote to Cash Solution Robert Shultz has had a thirty-year career as a global credit and financial executive for large multi-national companies. As a Founding Partner of Quote to Cash Solutions (Q2C) LLC, he provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries.
Dave Schmidt Contributing Editor, Credit Today Dave is an order-to-cash and SME risk expert with over 27 years of experience. He focuses on the order-to-cash side of the working capital coin applying his knowledge and expertise with receivables, credit, and collection best practices and technology to maximize clients' performance. Dave aims at providing insights into the small and medium enterprise (SME) community by delivering actionable intelligence solutions for clients to drive efficiency, manage risk and grow revenue.
Lorenzo de’ Medici Co-Founder, Medici Bank The Medici is one of the 10 most influential families in the world in history for innovations in the arts, sciences, and banking: [They] literally changed the world. The Medici is committed to giving a good direction in the world and came to a period of “enlightenment” from a period of great darkness and truly put the concept of the “individual” into the world by recognizing and acknowledging the “ethos” and individual soul of every human being, believing that every human being held value and deserved respect.
Edward Boyle Chief Executive Officer of Medici Bank Ed Boyle is the preacher who understands not only what technology can do, but also understand how it solves problems for clients analyzing the underlying
tribe
widgetType Id components
topic virtual-banking-solution-to-credit-problems input

Curriculum60 Mins

  • Medici Bank's Role in Simplifying Credit Managers Life (~ 15 Mins)
  • Preview
    How Medici Bank Simplifies Credit Manager's Life
  • Preview
    How to Shorten the Process of Export Transaction
  • How Does Open Banking Benefits the Credit Managers (~ 15 Mins)
  • How Does Open Banking Benefits the Credit Managers
  • What Role Does Open Banking Play in Credit Managers Life
  • How Export Sales Works for Trade Creditors (~6 Mins)
  • How Export Sales Works for Trade Creditors
  • How Would Adapting to Crypto Benefit the Trade Creditors (~ 10 Mins)
  • How Would Adapting to Crypto Benefit the Credit Managers
  • Steps to Implement Stable Coin
  • Risk Mitigation Measures Against Money Laundering (~ 5 Mins)
  • Risk Mitigation Measures Against Money Laundering
  • Key Steps Towards Making More Valuable Decisions (~ 10 Mins)
  • Key Steps Towards Better Decision Making by Credit Managers
  • Future of Banking for Credit Managers