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Sub-Prime Lending’s Late-Year Bounce

PYMNTS

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.”. The $219 billion rise in total debt in the quarter that ended Sept.

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The Architecture Of Accounts Receivable

PYMNTS

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. Unfortunately, said Spear, many businesses fail to standardize and automate many of these processes.

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8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

Fintech News

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.

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Biz Card Startup Brex Pursues Unicorn Status

PYMNTS

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.

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Cash or Credit: A Millennial Story

FICO

FICO's research also found that they are more interested than other generational groups in receiving notifications from their card provider on upcoming or missed payments, suspicious account activity and credit limit warnings. Helping to build a base of new Millennial clients is of the first critical step in those efforts.

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Apruve Links B2B Buyers On 3dcart To Net Payment Terms

PYMNTS

Apruve deploys a credit application and algorithm to provide a credit limit to business buyers at the online point of sale. Apruve underwrites all purchases made on net terms, allowing suppliers to be paid immediately while buyers have time to repay.

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Can Alternative Data Move The Dial For Financial Inclusion?

PYMNTS

And, Experian’s report notes, both consumers and lenders are getting increasingly interested in “those much more comprehensive profiles” becoming a standard part of the underwriting process. While most alternative borrowers are subprime, the report notes, about 20 percent have prime credit scores. What’s Next.