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. This context sets the stage for exploring how alternative data can provide deeper insights into creditworthiness, especially for those traditionally underserved by banking institutions.

Assessments 52

Assessments Risk FDIC Risk Assessment 52

The Fintech Times

JANUARY 28, 2025

Unlike traditional banks and financial service providers, which are often constrained by legacy systems and processes, fintechs are often more flexible – enabling them to quickly build solutions that better support underserved communities. Its an industry of collaboration and partnership between fintechs and traditional banks.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

The Payments Association

MARCH 18, 2025

Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. By combining payment flows with broader financial datasuch as rental history, savings patterns, and income variabilitylenders can offer dynamic, real-time credit assessments.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Fintech Finance

MARCH 13, 2025

Partnering with Infact removes one of the largest blockers for our customers when it comes to assessing creditworthiness, while ensuring we’re lending responsibly. Consumers attempting to build or improve their credit must wait for their credit report to update, which can delay major financial activities like securing a mortgage.

Financial Inclusion 59

Financial Inclusion Underserved API BNPL 59

PYMNTS

MARCH 12, 2019

Rather than competing in their own geographic areas, banks could fund rural areas or regions outside of the banks’ usual “assessment area.”. The key, she said, would be to take allow banks to lend money “in a more expansive area” in terms of community development.

Underserved 43

Underserved Laws Fed Federal Reserve 43

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.

Financial Inclusion 107

Financial Inclusion Underserved Assessments Risk 107

FICO

MARCH 25, 2020

“By overcoming the information limitations of traditional scoring and utilizing the FICO Score to optimize risk assessment, Home Credit has created a successful credit scoring model and, in the process, provided lending to underserved consumers.”. They are one of our most sophisticated clients in terms of advanced analytics.”.

Risk 97

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

The Fintech Times

JUNE 11, 2024

Fintech Galaxy , the UAE-based open banking and financial innovation company, is joining forces with Yabx , a leader in alternate data-based lending and loan portfolio management for underserved segments of the population, to enhance SME lending.

Financial Inclusion 85

Financial Inclusion FinTech Assessments Underserved 85

Fintech Finance

SEPTEMBER 24, 2024

By adopting a simple eligibility criterion—“Every Pakistani”—Qist Bazaar has enabled underserved groups such as domestic workers, rickshaw drivers, students, and micro-entrepreneurs to access installment-based financing.

BNPL 104

BNPL Underserved Non-Bank Finance 104

FICO

OCTOBER 25, 2016

FICO® Score XD – a new score launched in 2015 in the US that leverages alternative data sources to give issuers a second opportunity to assess otherwise unscorable consumers. A partnership with Lenddo to develop scores that bring more consumers in India into the credit mainstream. The initiative has already drawn praise.

Financial Inclusion 104

Financial Inclusion Risk Underserved Non-Bank 104

The Fintech Times

SEPTEMBER 2, 2024

Both firms aim to make credit services more inclusive for underserved market segments, such as micro, small, and medium-sized enterprises (MSMEs). In addition, the partnership will also enable the refinement of risk models and credit policies, leading to more precise assessments in their credit operations.

Financial Inclusion 72

Financial Inclusion AI Underserved Underwriting 72

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

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

PYMNTS

OCTOBER 4, 2019

On Friday, PayPal offered up a statement that the company “has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”

PayPal 74

PayPal Underserved Participant Payment Networks 74

Fintech News

FEBRUARY 10, 2025

Artificial intelligence (AI) is transforming this landscape by introducing a more dynamic and comprehensive way of assessing creditworthiness. All of these are done in order to provide a more accurate assessment of an individual or businesss ability to repay a loan. It further reinforces accountability in AI-based credit assessments.

AI 74

AI Assessments Mitigation Regulations 74

FICO

NOVEMBER 29, 2018

FICO attended and exhibited at the event to connect with lenders on FICO® Small Business Scoring Service SM (SBSS SM ), a score used by the SBA to assess risk of businesses and determine funding eligibility. Small business lending was strong in 2018 and pro small business growth policies have been conducive to that growth.

Small Business 67

Small Business Credit Union Underserved Community Banks 67

FICO

MAY 7, 2018

A key driver of successful financial inclusion is the ability for lenders to effectively gauge the risk of an underserved consumer. It’s also a challenge that FICO is in a unique position to address and at scale. In many cases, consumers that currently lack access to credit can be credit risks. With FICO® Score XD in the U.S.,

Financial Inclusion 77

Financial Inclusion Innovation Credit Risk Underserved 77

Fintech News

OCTOBER 28, 2024

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category.

AI 105

AI FinTech Innovation Payment APIs and Integration 105

Fintech Finance

SEPTEMBER 12, 2024

Offering microloans to underserved populations, Lupiya has played a pioneering role in bridging this gap. There’s also a prevailing gender finance gap, with women struggling to access financial products and services from regulated providers.

Product 98

Product Financial Inclusion Debit Card Digital Payments 98

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

PYMNTS

APRIL 23, 2019

Opportunity Fund will use LendingClub’s technology to provide online applications for prequalified offers to underserved small business owners, while Funding Circle will use its credit assessment process to fund fast and affordable loans. The aim is to expand efficient access to affordable credit for more small business owners.

Small Business 46

Small Business Underserved Underwriting Assessments 46

Finovate

APRIL 10, 2024

Empower , a fintech helping to extend credit to underserved consumers, announced plans to acquire underserved credit card provider Petal. New York-based Petal was founded in 2018 to offer underserved consumers access to credit cards. Financial terms of the deal, which is expected to close later this quarter, were not disclosed.

Credit Cards 52

Credit Cards Underserved Underwriting Acquirers 52

Fintech Review

JULY 16, 2024

Loan applications become more efficient, as lenders can quickly and accurately assess an applicant’s financial health through direct access to banking data. Fintech firms can develop services for underserved populations, such as individuals without access to traditional banking services. It also promotes financial inclusion.

Innovation 98

Innovation Consumer API Financial Inclusion 98

Finovate

MARCH 26, 2024

Greg Palmer catches up with Jack Spiers , Sales Director at Tink , to discuss the findings of a new report from the Best of Show winning company that details how to enhance affordability assessments with enriched data. Episode 206. Episode 204.

Real Time Payments 59

Real Time Payments Fraud Prevention Financial Inclusion AI 59

PYMNTS

NOVEMBER 29, 2018

The newswire said representatives from local banks will sign on with a task force from the central bank, which will assess the financial products and services that are being proposed. The sandbox, Reuters reported, has four phases.

FinTech 67

FinTech Central Bank Value Added Service Underserved 67

Fintech Review

APRIL 11, 2025

Big Data Analytics : Helps predict customer behaviour, optimise pricing, and assess creditworthiness in real time. Financial Inclusion Fintech improves access to credit, savings, and insurance in underserved markets. Cloud Computing : Allows for scalable, cost-efficient infrastructure with faster deployment cycles.

FinTech 52

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

PYMNTS

NOVEMBER 2, 2018

In China , X Financial specializes in helping underserved prime borrowers and mass affluent investors by matching those borrowers with investors willing to loan them money. At the same time, the company along with its competitor, Tera Funding, have had $300 million worth of loans so far, per reports.

P2P 53

P2P Credit Cards Underserved Credit Limit 53

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. And thats a really positive development.

Payments 52

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

PYMNTS

MARCH 18, 2020

The Archa corporate card will be powered by i2c technology, and it leverages artificial intelligence (AI), machine learning (ML) and multiple data sources in an attempt to streamline risk assessment and allow for instant lines of credit for employee expense accounts.

Payment APIs and Integration 56

Payment APIs and Integration Risk Assessment Available Balance Underserved 56

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

The Fintech Times

DECEMBER 17, 2023

Open finance’s data-driven approach is set to democratise credit access, offering previously underserved consumers and SMEs newfound financial opportunities, according to Centre for Finance, Innovation and Technology (CFIT).

Finance 64

Finance Underserved Economy Addressing 64

Fintech News

JANUARY 18, 2024

Using remote sensing technologies on farmland, the bank assesses credit risk based on crop growth and various factors. These banks are not just competing with their Western counterparts by effectively leveraging existing ecosystems, focusing on underserved market segments, and utilising technology-driven solutions.

APACS 120

APACS Finance Cross-Border Ubiquitous 120

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

PYMNTS

JULY 16, 2019

Lendbuzz’s financing model, which is powered by machine learning and proprietary algorithms, allows it to better assess the creditworthiness of consumers with limited U.S. The debt funding was led by BHI, ConnectOne Bank, IDB Bank, Viola Credit and a large insurance company. credit history to help them secure financing for auto loans.

Finance 49

Finance FinTech Underwriting Credit Risk 49

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

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

PYMNTS

JANUARY 22, 2020

The country’s draft doctrine indicates that electronic banks are required to minister to populations in “underserved and unserved segments” with services and solutions that focus on the void in the market. Malaysia is giving preference to bidders with capital governed by firms in the region.

eWallet 54

eWallet Online and Mobile Banking Void Non-Bank 54