FICO

SEPTEMBER 3, 2018

Earlier this year at FICO World 2018 , we held a session with Shop Direct (as one of our FICO Decision Award Winners ) on their journey with collections optimization. Giving a customer the right credit limit increase for the right credit limit change, moving into the collections optimization that we’ve done again.

Credit Limit 40

Credit Limit Origination Risk Rules 40

FICO

MARCH 19, 2018

The potentially worrying delinquency results come at a time when the FCA aims to try and address the issue of persistent credit card debt, putting requirements in place for banks later in 2018. Consumers who are concerned about their level of credit card debt can use a number of options and tactics to keep their credit healthy.

Credit Cards 49

Credit Cards Issuers Card Issuer Adjustments 49

PYMNTS

NOVEMBER 22, 2019

Also, Goldman Sachs CEO David Solomon is denying claims that gender bias is apparent in the algorithm the bank uses to decide credit limits for applicants. Goldman CEO Denies Claims Of Apple Card Credit Biases. There’s no gender bias in our process for extending credit.” And Former U.S. Solomon said, according to reports.

Federal Reserve 40

Federal Reserve Fed Credit Limit Privacy 40

FICO

JANUARY 21, 2020

We performed a similar analysis using the Account Management score, comparing a robust dataset of 15 million South African consumers’ scores as of March, June, September, December 2017 and again as at March, June, September, December 2018. 35% of consumers experienced a score decrease (21 points or lower). Source: FICO Blog.

Credit Risk 52

Credit Risk Risk Economy Origination 52

PYMNTS

DECEMBER 10, 2019

More than 446 million consumer records were exposed in data breaches in 2018, an increase of 126 percent compared to 2017, according to a 2018 Identity Theft Resource Center report. Six months or even a year down the line, they will ask for a higher credit limit or a larger loan – and then the time comes for the fraud to bust out.

Fraud Detection 63

Fraud Detection Data Breach Identity Theft Social Security 63

FICO

JANUARY 2, 2020

For its achievements, Santander Bank Polska was recognised in the Debt Management category in the 2018 FICO® Decisions Awards. This also suggests that, for customers who do not have the financial capacity to stay out of a persistent debt situation, the credit limit provided might be too high considering the new regulation.”.

Posting 52

Posting Automation Credit Limit Issuers 52

FICO

MAY 30, 2017

When IFRS 9 comes into effect in January 2018, issuers will have to hold as provision 12 months of expected loss on credit accounts — including, for the first time, unused credit lines. With the Basel Capital Requirements, it was again expected this would take place. However, our research shows that levels are still high.

Credit Cards 45

Credit Cards Card Issuer Issuers Push-to-Card 45

PYMNTS

NOVEMBER 5, 2018

Luckily for the news-hungry, payments and commerce has been the opposite of late – particularly as the last quarter of 2018 winds down. Wall Street Journal reports indicate that both firms are taking a step considered unusual under currently favorable economic conditions by adopting a more cautious approach in setting credit limits.

Credit Cards 46

Credit Cards Credit Limit Underwriting On-Demand 46

Finovate

SEPTEMBER 27, 2024

Salt Edge made its Finovate debut at FinovateEurope 2018 in London. The two entities will work together to help newcomers from countries including Australia, India, Kenya, Mexico, and Nigeria to leverage their credit history from their home country to help them access higher credit limits when applying online for financing in Canada.

Embedded Finance 64

Embedded Finance Finance Payroll Online and Mobile Banking 64

FICO

APRIL 17, 2019

In the months leading up to the introduction of the FCA’s persistent debt regulations in September 2018, UK card issuers concentrated on the strategic, policy, technical and infrastructure changes required to comply on time. Prevent consumers spending above their agreed credit limit if at least x months in persistent debt.

Regulations 40

Regulations Issuers Card Issuer Credit Limit 40

PYMNTS

JUNE 25, 2018

The 2018 Q1 saw a combined valuation of VC investments nearing $50 billion — the fourth quarter in a row where VC funding has surpassed $45 million, KPMG noted. With so much money up for grabs, it may come as a surprise that startups often struggle to get approved for a credit card, even after a lucrative funding round. .”

Credit Cards 52

Credit Cards Commercial Card Small Business Assessments 52

PYMNTS

DECEMBER 12, 2017

With the newest capital raise, Levchin said, “one of the initiatives that we are going to undertake in 2018 is ‘where do we help our merchant partners more?’ That means not just giving people access to credit, but also giving them the tools to protect themselves from getting into financial trouble, or to help fix errors made in the past.

Finance 40

Finance Credit Cards Consumer Credit Limit 40

PYMNTS

JULY 31, 2018

marketplace lending, the country’s P2P lending industry had hit £9 billion in loan originations from the group’s members as of Q1 2018. Respondents agreed that credit provided through P2P agreements should be subject to the same creditworthiness requirements as other types of credit,” the FCA wrote.

P2P 40

P2P Regulations Risk Agreements 40

PYMNTS

JUNE 14, 2019

shutdown was preceded by the program’s closure in London in November 2018. Amazon and Synchrony Financial are partnering up on a new secured card credit offer for Amazon Prime members looking to rebuild their credit. Amazon will also be closing its Daily Dish lunch service for workers. tariffs on Chinese goods.

Push-to-Card 40

Push-to-Card Online and Mobile Banking On-Demand Accounts 40