FICO
MARCH 28, 2017
For example, many industry sectors have bespoke credit reference agencies (such as Dynamar ) that offer risk grades and recommended credit limits. Hard sums and data isn’t just for the banking bunker – it has power to transform any business that needs to minimize bad debts and make the right kind of credit decisions.
PYMNTS
MAY 1, 2020
The prospect of extending credit, of course, brings key issues into focus, primarily those of risk and fraud. Beyond bracing for credit defaults, banks have been monitoring credit lines and credit limits. Such activity, however, can short-circuit credit scoring efforts, especially moving forward.
FICO
JANUARY 21, 2020
These are people who have experienced substantial deterioration in their risk profile, either due to new missed payments or a ramp up in their outstanding debt. Source: FICO Blog The deterioration in the overall portfolio quality means fewer consumers may qualify for positive actions, such as credit limit increases.
FICO
DECEMBER 8, 2022
Leveraging FICO Resilience Index to refine credit risk management decisions during benign economic phases defends against dramatic swings in delinquency rates and provides for a more consistent portfolio risk management approach over time. Of course, credit risk management is only one aspect of portfolio health.
The Fintech Times
JULY 22, 2024
Many operations can now be automated, such as remote account opening, requesting credit limits, deposits, and brokerage accounts. . “They are adopting user-friendly web and mobile applications, significantly reducing service delivery costs. It’s a win-win.”
PYMNTS
SEPTEMBER 20, 2018
Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. That means the big opportunity for X Financial comes from the 400 million or so Chinese consumers who have credit cards, but are hampered by limits that are too low.
PYMNTS
NOVEMBER 2, 2018
That means the big opportunity for X Financial comes from the 400 million or so Chinese consumers who have credit cards, but are hampered by limits that are too low. X Financial’s offerings include a balance transfer credit card product and an unsecured, high-credit-limit loan product.
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