Remove Consumer Remove Credit Risk Remove Demand Deposit Account (DDA)
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Leveraging Alternative Data to Extend Credit to More Borrowers

FICO

You may have heard that alternative data holds great potential for expanding access to credit to more consumers to help them achieve their financial goals. Indeed, more data can enable credit score providers like FICO to provide a more complete snapshot of consumerscredit behavior and potential risk.

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Leveraging DDA Data in Consumer Lending to Stay Competitive

FICO

Q: Dale, to start with, can you provide a little background on your business motivation as a credit risk executive for exploring the value of consumer-permissioned DDA data? Q: What insights have you gained (risk or otherwise) about consumers who are willing to permission access to their DDA data?

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Top 5 Scores Topics of 2021

FICO

FICO® Score At 716, Indicating Improvement In Consumer Credit Behaviors Despite Pandemic. Ethan Dornhelm wrote: The FICO® Score is the lingua franca, or common language, for the credit scoring industry. It serves as a broad-based, independent standard measure of credit risk. Consumer debt levels are decreasing.

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Why Credit Isn’t Working For Financial Inclusion

PYMNTS

Johnny Ayers, co-founder and SVP of Business Development for Socure , argues that being able to have a traditional savings account or demand deposit account (DDA) is a basic financial right that should be afforded to all. Today, the path taken by many banks in both the U.S.