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How Credit Limit Increase Optimization Drives Portfolio Profit

FICO

Credit limit management is regarded as a key driver to profitable portfolios. Credit limit increase optimization (CLI) is a powerful tool to achieve portfolio goals. Credit limit increase optimization (CLI) is a powerful tool to achieve portfolio goals. The Power of FICO Credit Limit Increase Optimization.

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Avoiding AI Pitfalls in Financial Decision-Making

The Fintech Times

Examples include flash crashes in algorithmic trading, biased lending decisions affecting vulnerable populations, and incorrect risk assessments that could destabilise a financial institution. More recently in 2019, Apple s credit card algorithm was accused of gender bias for credit limits on its credit card.

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COVID-19 Triggers Need For Cash As Lenders Tighten Reins

PYMNTS

New loan requirements are being put into place, such as boosting income verification, lowering available credit on new cards and going after consumers with higher credit limits. American Express has already started reeling in credit offers to smaller firms, according to the sources.

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8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

Fintech News

Zed’s innovative offering will include a no-fee credit card with features such as no hidden charges for international use, zero-interest on purchases for up to 31 days, and an advanced app with real-time transaction monitoring and security features like card freezing and unlimited virtual cards for secure online transactions.

FinTech 114
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China’s X Financial Has A New US IPO And 400M P2P Leads

PYMNTS

Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. That means the big opportunity for X Financial comes from the 400 million or so Chinese consumers who have credit cards, but are hampered by limits that are too low.

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How to Rate Trade Credit Risk – Without Much Data

FICO

For example, a firm might assess certain qualitative aspects of their clients, say “management capability”, and assign them a grade based on that. For example, many industry sectors have bespoke credit reference agencies (such as Dynamar ) that offer risk grades and recommended credit limits.

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5 Lessons APAC Digital Banks Can Learn from Nubank’s US$1B Profitability Journey

Fintech News

Build Credit “On-Ramps” One of Nubank’s most impactful initiatives has been its credit “on-ramp” program, which helps customers with little or no credit history build their creditworthiness over time.

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