Credit Limit Risk Underwriting 
Fintech News
SEPTEMBER 4, 2024
Zed’s innovative offering will include a no-fee credit card with features such as no hidden charges for international use, zero-interest on purchases for up to 31 days, and an advanced app with real-time transaction monitoring and security features like card freezing and unlimited virtual cards for secure online transactions.
PYMNTS
MARCH 3, 2020
In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. Mitigating risk and establishing clear payment terms from the outset is only the beginning of the AR optimization process.
PYMNTS
AUGUST 4, 2020
Major net fractions of banks also tightened important terms on credit card loans, including credit limits and minimum credit scores required,” the Fed noted. “Over the second quarter, major net shares of banks tightened lending standards on all categories of consumer loans.
PYMNTS
NOVEMBER 20, 2018
Matt Komos, vice president of financial services at TransUnion , said this indicates a growing risk tolerance among lenders across underwriting categories. “In The pendulum is starting to swing back, as we see lenders once again extend credit to sub-prime consumers.”. percent to 18.63 30 was the biggest jump since 2016.
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
SEPTEMBER 24, 2018
The company touts its ability to provide startups with higher credit limits, reports noted, and does not place liability of the cards onto its clients’ founders. Acknowledging the high failure rate of tech startups, Brex takes on that liability.
PYMNTS
MAY 29, 2018
In some instances, this helps them offer consumers new credit opportunities, and in other cases it might illuminate risk,” noted Paul DeSaulniers, Experian’s senior director of Risk Scoring and Trended/Alternative Data and Attributes. For the credit invisible, the data can show lenders should take a chance on them.
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