PYMNTS

DECEMBER 28, 2020

But maybe the most dramatic and realistic assessment comes from Pedro DePaula , director of MercadoLibre ’s MercadoCrédito division. A rapidly changing world, he said, meant changes for MercadoLibre as well, particularly in its underwriting business MercadoCrédito. The digital compression of 2020 has drawn a wide range of speculation.

Underwriting 88

Underwriting Contactless Payments Consumer Underserved 88

Fintech Review

APRIL 11, 2025

They use alternative credit scoring methods and automated underwriting. 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.

FinTech 52

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

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

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. The company replaces traditional B2B payment methods (e.g.

AI 106

AI FinTech Innovation Payment APIs and Integration 106

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. “We developed a unique underwriting platform based on alternative data points to evaluate credit risk. with 27 million being working professionals.

Finance 49

Finance FinTech Underwriting Credit Risk 49

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

PYMNTS

SEPTEMBER 20, 2018

X Financial specializes in helping underserved prime borrowers and mass affluent investors in China by matching those borrowers with investors willing to loan them money. Technology serves as an advantage for X Financial, even beyond its underwriting engine.

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

Fintech Finance

MARCH 21, 2024

Pockit has partnered with consumer lender, SteadyPay, to help perform the credit assessment, to provide underwriting activities required to ensure that all loans are responsible and affordable and to fund the loan book. The service costs a flat £4.99

Product 52

Product Underwriting On-Demand Underserved 52

PYMNTS

JUNE 12, 2018

Now, the tech-driven underwriting models that promised to assess risk more accurately, and extend credit more efficiently, may be confirmation that traditional risk and lending business models may have more going for them than their new, FinTech challengers once thought. The Coming Risk Assessment Reset.

Underwriting 46

Underwriting Risk Assessment Assessments Risk 46

PYMNTS

DECEMBER 18, 2018

It’s not only hard for banks in the region to underwrite profitably, it is incredibly hard for them to evaluate consumers in terms of credit-worthiness. But JUMO, he noted, was designed to be be flexible and expandable in the number of services it can offer and access.

Underserved 54

Underserved Product Underwriting Economy 54

PYMNTS

JUNE 11, 2019

“Consumer banking has become very commoditized, but small businesses are still very underserved.” That includes SMB FinServ in areas like small business loan underwriting, and the diversification of offered products and services. More) Disruption Ahead. Open Banking will be a force in U.S.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

The Fintech Times

OCTOBER 30, 2024

“With over 20 million underserved adults in the UK, it’s time to rethink access barriers. They must also use other data, such as rental payment history in the UK, to assess consumers’ suitability for mortgages. “However algorithms are only as fair and bias-free as the way they are written.

Financial Inclusion 59

Financial Inclusion Embedded Finance Non-Bank Consumer 59

FICO

JANUARY 5, 2023

Just in the last few months, both Freddie Mac and Fannie Mae announced that their respective automated underwriting systems will consider consumer-permissioned cash flow data in the assessment process that will provide key benefits for first-time homebuyers and underserved communities.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

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. I think one of the great promises of more fair and accurate underwriting is bringing people back into the markets that have had an issue,” he said. What Powers Petal. about their vision,” Gross noted.

Credit Cards 53

Credit Cards Underwriting Product Regulations 53

CB Insights

JUNE 17, 2020

Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. If one or more of those criteria are not met, the insurer is not liable to policyholders.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

Fintech Review

DECEMBER 10, 2024

Online lending platforms leverage advanced algorithms to assess creditworthiness rapidly, enabling faster loan approvals. Automated underwriting further accelerates the approval timeline. Big-data analytics processes this information, enabling fintech lenders to assess creditworthiness beyond conventional criteria.

FinTech 102

FinTech Assessments Finance Non-Bank 102

Fintech Review

NOVEMBER 12, 2024

By joining forces, they can combine their strengths to improve financial services and reach underserved populations. These fintechs use technology to improve credit assessment and underwriting processes, making loans more accessible and affordable. Regulatory pressures also encourage these partnerships.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105