The Fintech Times

MARCH 26, 2024

As insurers strive to meet the evolving needs of a digitally-savvy customer base while addressing the persistent challenge of financial inclusion, they are increasingly turning to fintech solutions. “These solutions enhance accessibility by providing digital insurance options tailored to the needs of underserved communities.

Underserved 115

Underserved FinTech Financial Inclusion Risk 115

FICO

MARCH 25, 2020

For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion. This type of financial inclusion is good for the consumer and good for our business. This has been a big focus for the business in response to strong market demand for consumer loans in China. Read the full release. . .

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

FICO

APRIL 27, 2017

The scoring methodology was developed by EFL Global and marketed by FICO as part of our FICO Financial Inclusion Initiative , designed to open up credit markets around the world to a larger number of unbanked and underserved consumers. EFL has been part of providing more than $1.3

Credit Risk 66

Credit Risk Assessments Risk Financial Inclusion 66

Finovate

MARCH 26, 2024

Alan Bekker of eSelf on the future of AI in financial services, The Clearing House’s Jim Colassano on real-time payments, financial inclusion and wealth-building with Rodney Williams of SoLo Funds … these are just a handful of the interviews Greg Palmer and the Finovate Podcast have featured in recent weeks.

Real Time Payments 59

Real Time Payments Fraud Prevention Financial Inclusion AI 59

The Fintech Times

OCTOBER 30, 2024

While this represents a significant step forward, should financial inclusivity have moved further ahead by now? “With over 20 million underserved adults in the UK, it’s time to rethink access barriers. “Improving inclusivity means rethinking outdated regulations— particularly in the consumer credit market.

Financial Inclusion 59

Financial Inclusion Embedded Finance Non-Bank Consumer 59

Fintech News

MAY 29, 2024

GXS leverages user-permission data from its ecosystem partners, superapp Grab and major regional telco Singtel, to expand credit access to underserved users. This ecosystem data is then layered onto information from conventional sources like credit bureau scores. said Vaman Sriraman, Group Chief Risk Officer at GXS Bank.

Financial Inclusion 107

Financial Inclusion Underserved Assessments Risk 107

The Payments Association

MARCH 18, 2025

Open finance extends beyond payments, empowering individuals and businesses with holistic financial management tools and personalised services. Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. Fraud detection and risk management are also evolving.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Fintech Finance

SEPTEMBER 12, 2024

Innovating for financial inclusion Zambia has taken great strides in narrowing its gap in financial inclusion. According to the latest data, levels of inclusion have improved ( [link] ) from 59.3% Offering microloans to underserved populations, Lupiya has played a pioneering role in bridging this gap.

Product 98

Product Financial Inclusion Debit Card Digital Payments 98

FICO

MAY 23, 2022

Círculo de Crédito , the fastest-growing credit bureau in Mexico, has used unique credit risk scores from FICO to boost financial inclusion in Mexico and help an additional 20 million citizens access credit. Finding a way to score millions without credit history.

Financial Inclusion 52

Financial Inclusion Embedded Finance Risk Assessment Assessments 52

The Fintech Times

JANUARY 28, 2025

We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. The key solution to ensuring underserved communities are empowered by fintechs is making their technology open-source.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

Seon

APRIL 24, 2024

million households in the United States lack access to traditional financial services, the challenge of assessing creditworthiness is more pressing than ever. The advent of cryptocurrency has also introduced a new layer of complexity and uncertainty in evaluating financial risk. In a world where over 1.4 Of this number, 5.04

Assessments 52

Assessments Risk FDIC Risk Assessment 52

Fintech Finance

SEPTEMBER 24, 2024

A Game-Changer in Financial Inclusion Qist Bazaar’s success lies in its inclusive approach: the platform caters to a wide range of customers, from those with no financial history to individuals already banking at established institutions.

BNPL 104

BNPL Underserved Non-Bank Finance 104

Center for Payments

OCTOBER 20, 2023

When recognizing Cybersecurity Month in October, it is important to consider the connection between cybersecurity, cutting-edge technology, and financial inclusion. Executives of financial institutions should have a good understanding of the importance of financial inclusion and the impact technology has on it is essential.

Financial Inclusion 40

Financial Inclusion Cybersecurity Innovation Online and Mobile Banking 40

Fintech News

OCTOBER 28, 2024

These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financial inclusion, and improving service delivery. A new category was introduced to recognise progress in artificial intelligence and quantum technology.

AI 106

AI FinTech Innovation Payment APIs and Integration 106

The Fintech Times

JANUARY 31, 2025

Many fintechs and financial institutions often make big claims that they can enhance support to the previously underserved, positively impact the environment, or improve peoples lives in many other ways. But often, firms fall short of these claims.

FinTech 64

FinTech Audit Financial Inclusion Financial Literacy 64

Fintech News

MARCH 5, 2024

3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P. The discussion will cover key aspects such as the impact on cross-border payments, liquidity funding needs, and the broader implications for financial inclusion and the global movement of money.

Embedded Finance 107

Embedded Finance APACS Financial Inclusion CBDC 107

FICO

SEPTEMBER 28, 2017

These “credit invisibles” don’t have credit cards, bank accounts or credit history — so how can a lender assess their risk? The EFL score uses psychometrics and behavioral data to measure a person’s credit risk based on an applicant’s answers to a series of interactive questions and exercises administered via an online assessment.

Credit Risk 74

Credit Risk Assessments Online and Mobile Banking Risk 74

Fintech News

FEBRUARY 10, 2025

Artificial intelligence (AI) is transforming this landscape by introducing a more dynamic and comprehensive way of assessing creditworthiness. Unlike conventional models, AI-driven credit scoring does not depend solely on historical financial data. AI also enhances risk management for financial institutions.

AI 85

AI Assessments Mitigation Regulations 85

M2P Fintech

MARCH 24, 2025

“One-click” loans become reality through instant credit assessments. Data Analytics: Making Informed Decisions Data is now the lifeblood of modern loan management, empowering lenders with insights to assess creditworthiness, predict risk, and personalize loan terms. AI is poised to revolutionize loan origination.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

Fintech Review

JULY 16, 2024

Budgeting apps, for example, can access bank account data to provide tailored financial advice and insights. Loan applications become more efficient, as lenders can quickly and accurately assess an applicant’s financial health through direct access to banking data. It also promotes financial inclusion.

Innovation 98

Innovation Consumer API Financial Inclusion 98

Faster Payments Council

SEPTEMBER 12, 2022

They will discuss how the recently published white paper on "Faster Payments and Financial Inclusion" illustrates the pain points and barriers to financial inclusion, actions, and solutions to expand, requirements of the underserved, action and solutions for issues, and considerations for faster payment stakeholders.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech News

MARCH 5, 2024

3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P. The discussion will cover key aspects such as the impact on cross-border payments, liquidity funding needs, and the broader implications for financial inclusion and the global movement of money.

Embedded Finance 98

Embedded Finance APACS Financial Inclusion CBDC 98

Fintech News

MAY 20, 2024

AI enables more precise risk assessments, facilitates personalized banking experiences, and optimizes investment and lending portfolios through real-time data analytics. Moreover, AI fosters the creation of new financial products and services previously inconceivable.

FinTech 135

FinTech Embedded Finance BNPL On-Demand 135

The Fintech Times

OCTOBER 19, 2024

“If FS firms want to make a tangible impact on greenhouse gas emissions and promote financial inclusion, ESG must be deeply embedded in their business models, and can no longer be an afterthought. There are eight billion people on the planet, with approximately one billion not having access to financial services.

On-Demand 106

On-Demand Financial Inclusion Consulting Product 106

Fintech Review

APRIL 11, 2025

Big Data Analytics : Helps predict customer behaviour, optimise pricing, and assess creditworthiness in real time. Green and Ethical Fintech Green fintech solutions allow users to track carbon footprints, invest in sustainable assets, or support climate goals through financial choices.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

Finovate

MARCH 7, 2025

Its fair to say that traditional financial systems left many people and communities underserved, but LPMsfrom mobile wallets in Africa to RTP schemes like UPI in Indiabridge this gap, and theyre empowering billions of consumers to participate in the digital economy. What distinguishes the eager adopters from the more cautious?

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

M2P Fintech

NOVEMBER 12, 2024

Innovative Operating Models Driving Financial Inclusion With the rise of new-to-credit customers, millennials, and priority sector borrowers, there’s a growing need for innovative lending models to drive financial inclusion. These innovative operating models are essential for advancing financial inclusion.

Financial Inclusion 52

Financial Inclusion Origination Automation On-Demand 52

Fintech News

JANUARY 18, 2024

Using remote sensing technologies on farmland, the bank assesses credit risk based on crop growth and various factors. The bank’s mission involves financial inclusion and empowering micro, small, and medium-sized enterprises (MSMEs). MYBank’s focus on rural areas is another notable aspect of its business model.

APACS 120

APACS Finance Cross-Border Ubiquitous 120

The Fintech Times

DECEMBER 14, 2023

The integration of WhatsApp lending is set to expand the avenues for individuals to access financial services, promoting frictionless yet responsible financial inclusion. We’re also fostering financial inclusion in a way that empowers individuals. This initiative itself saw a 16x growth within just 12 months.

Financial Inclusion 59

Financial Inclusion Underserved Caps On-Demand 59

Fintech News

JULY 23, 2024

The company utilizes data analytics and machine learning (ML) algorithms to conduct comprehensive credit assessments of SMEs, considering financial metrics, transactional dynamics, performance monitoring, and industry risks. Beyond traditional banking, the bank is committed to social and environmental impact through the DBS Foundation.

FinTech 132

FinTech Online and Mobile Banking Multi-Currency Non-Bank 132

FICO

JANUARY 4, 2018

A New Way to Score Credit Risk – Psychometric Assessments. Explained author Campbell Scott , “The scoring methodology was developed by EFL Global and marketed by FICO as part of our FICO Financial Inclusion Initiative , designed to open up credit markets around the world to a larger number of unbanked and underserved consumers.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

Fintech News

OCTOBER 16, 2024

In line with the global push for inclusive finance, the festival will also address the strategies and tools that will enable equitable access and usage of financial services and products to the underserved.

FinTech 111

FinTech Cross-Border Payments AI Innovation 111

FICO

JULY 18, 2022

A fundamental challenge for underbanked and “unscorable” consumers is the lack of data or credit history to allow lenders to conduct a robust credit assessment. Financial Inclusion Using Analytics. ML does not create new data. Can Arkali. See all Posts. chevron_left Blog Home. expand_less Back To Top. Related posts.

AI 52

AI Financial Inclusion Fraud Detection CFPB 52

Fintech News

APRIL 10, 2025

Nearly 96% of fintech companie s are making financial inclusion a priority, proving that innovation is all about the people, not the tech; the driving force behind the fastest-growing Asia Pacific fintechs. Since 2014, it has grown significantly in this underserved segment through technology and robust processes.

FinTech 110

FinTech Payment APIs and Integration Online and Mobile Banking AI 110

M2P Fintech

MARCH 25, 2025

to: Assess Sujiths creditworthiness faster Offer him a competitive interest rate based on verified financial health Approve his loan within days, not weeks Sujiths story is just one example of how ULI is breaking down barriers and making credit more accessible for MSMEs across India.

Payment APIs and Integration 52

Payment APIs and Integration Verification Small Business Use Case 52

PYMNTS

DECEMBER 18, 2018

So, on top of the financial products it offers, JUMO has also developed a proprietary credit profiling process that uses behavioral data gathered through mobile networks in order to properly assess the risks associated with its otherwise credit-invisible base of individual and small to medium-size business (SMB) borrowers.

Underserved 54

Underserved Product Underwriting Economy 54

PYMNTS

APRIL 4, 2018

Petal wants to change the math on how consumers gain access to credit – and turn the tables on how creditworthiness is assessed. It’s been a journey, particularly on the compliance side, as offering a brand-new credit product to underserved consumers using a new underwriting model is generally something regulators want to hear more about.

Credit Cards 53

Credit Cards Underwriting Product Regulations 53