Remove Consumer Remove Demand Deposit Account (DDA) Remove Financial Inclusion
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Why Credit Isn’t Working For Financial Inclusion

PYMNTS

Just a few months ago at PYMNTS’ Innovation Project 2016 , PayPal CEO Dan Schulman told Karen Webster that “financial inclusion is really about financial health.”. Acquiring that financial health means financial institutions are able to not only know, but accurately identify, their customers.

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FICO Fact: How Current is the Data in my FICO Score?

FICO

While the FICO® Score has been trusted by consumers, lenders and investors for decades, the data that goes into a FICO® Score can be as recent as a payment reported by your lender today. . The UltraFICO Score™ empowers consumers to leverage their checking and savings account data to enhance their score. Absolutely not.

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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? Any surprises?

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What’s Trending So Far In 2016

PYMNTS

Consumers are moving to the Web to do their shopping, and the tool of choice that they are using is their mobile phone (or tablet). To add insult to injury here, the Census Bureau’s accounting for online sales as a percentage of retail sales may not be keeping up with the reality of what consumers are doing. Financial Inclusion.