Remove Credit Limit Remove Financial Inclusion Remove Risk Management
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5 Lessons APAC Digital Banks Can Learn from Nubank’s US$1B Profitability Journey

Fintech News

Embrace Financial Inclusion One of the key drivers behind the success of Nubank has been its unwavering commitment to financial inclusion — a major focal area for APAC digital banks as well. This presents a massive untapped market for digital banks willing to prioritise financial inclusion.

APACS 126
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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

When you take a bank and their expertise in risk management, compliance and low-cost funds and match it with great technology – and start from the ground up to build something customer-focused – you can build something really powerful to serve consumers.”. “It takes a partnership to make it work,” Orloff said. percent to 29.99

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Prosper Extends Credit to 200K Near-Prime Clients with FICO Scores

FICO

As of March 2023, Prosper has effectively managed credit limit changes for over 25,000 customers, with over 70 percent of them receiving credit limit increases. are currently credit invisible and need a path to access credit,” said Prosper CEO, David Kimball. “At Millions of consumers in the U.S.

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How Transaction Analytics Transform Lending Speed and Results

FICO

The data explosion has also made banks curious about finding new customers and driving financial inclusion. There are an estimated 3 billion adults worldwide who don’t have credit and so don’t have credit records. Opening this market is a priority for lenders.