Remove Credit Risk Remove Demand Deposit Account (DDA) Remove Deposit Account
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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? Dale is a featured panelist at FICO World 2023.

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Leveraging Alternative Data to Extend Credit to More Borrowers

FICO

Gathering and analyzing these new forms of data to build new credit scoring models allows lenders to make better decisions and extend credit to these consumers within their credit risk guidelines. FICO is a longtime leader in incorporating available data into our credit scoring models.

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Why Credit Isn’t Working For Financial Inclusion

PYMNTS

Johnny Ayers, co-founder and SVP of Business Development for Socure , argues that being able to have a traditional savings account or demand deposit account (DDA) is a basic financial right that should be afforded to all.

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Top 5 Scores Topics of 2021

FICO

Ethan Dornhelm wrote: The FICO® Score is the lingua franca, or common language, for the credit scoring industry. It serves as a broad-based, independent standard measure of credit risk. Telco and utility payment data , similar to credit bureau data is generally reported on a monthly basis.