PYMNTS

MAY 29, 2018

The basic elements of standard consumer credit scoring are well-known: tradeline information like loan balances or credit limits, debt repayment history, and account statuses, as well as information from public records relating to bankruptcies and small claims. They just don’t have a credit history yet.”.

Financial Inclusion 62

Financial Inclusion Underwriting Credit Cards Disputes 62

FICO

NOVEMBER 22, 2018

Many lenders in markets outside the US use FICO® Scores to assess the risk of consumers applying for loan, but don’t continue to monitor those consumers’ risk using the FICO Score. This regular monitoring also enables FICO analysts to identify any developing credit risk trends occurring in the Russian market.

Accounts 45

Accounts Origination Risk Credit Risk 45

FICO

JANUARY 21, 2020

The Empirica Score was developed by predictive analytics software company FICO with the aim of equipping organisations that offer credit to their customers with solid risk assessment when determining an applicant’s eligibility for a credit. Account Origination Analysis Shows Downward Shift in Risk.

Credit Risk 52

Credit Risk Risk Economy Origination 52

FICO

JANUARY 10, 2017

The “innovation” VantageScore claims can score more people is simply the weakening of credit score criteria. The minimum criteria needed to produce the FICO Score aren’t arbitrary — they are the result of decades of research into risk assessment. A mortgage would be a big leap up the credit ladder.

Research 81

Research Consumer Risk Assessment Risk 81

CB Insights

DECEMBER 4, 2019

PayCode gives Amazon a strategic way of assessing which markets might make the most sense for future expansion of Amazon’s core retail platform, which is currently live in 17 countries. The program is a partnership with Western Union, which is providing Amazon with the financial infrastructure it needs to enable offline cash payments.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

FICO

OCTOBER 11, 2019

The area where the action of closing a credit card account may have impact on a FICO® Score is with evaluation of revolving account utilization. This is simply a ratio that looks at how much of your available revolving credit limits are being used. The higher revolving utilization percentage the greater the risk.

Credit Cards 40

Credit Cards Accounts Assessments Credit Limit 40

FICO

MAY 31, 2017

Section 1071 amends the Equal Credit Opportunity Act to require financial institutions to report information concerning applications made by women-owned, minority-owned and small businesses. However, the CFPB makes a point of underscoring the lack of data available to assess how well the market is meeting the needs of small businesses.

CFPB 45

CFPB Small Business Consumer Financial Protection Bureau (CFPB) Rules 45