NMI
“ If you think a specific industry that you ’ re working in is safe , and you take that for granted , I think you ’ re in trouble ”
DARRYL CUMMING DIRECTOR OF PRODUCT MANAGEMENT , NMI
“ On an everyday basis , payments companies are prepared to deal with the risk of increased liability from the regulators ,” Talbott asserts .
“ A lot of what we ’ re talking about is just the daily blocking , tackling , underwriting and risk management of merchants of payments processors – something payments companies do very , very well .”
But , Talbott also explains that companies are having to adjust to dealing with this new overhang in lots of different ways – learning from the case laws , settlements , consent orders , fines and penalties .
However , for newer players , Darryl Cumming , Director of Product Management at NMI , argues that this preparedness is not always the case .
106 May 2023