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FICO Score XD 2 and Innovations in Financial Inclusion

FICO

Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry. A key driver of successful financial inclusion is the ability for lenders to effectively gauge the risk of an underserved consumer.

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Bridging The Financial Inclusion Gap, Via Incubator

PYMNTS

In an effort to bridge what is increasingly being known as the “inclusion gap” for minorities, Visa is finding promise in supporting products for financial inclusion in the credit union and community bank portfolio. To hurdle the financial gap that exists for these underserved populations in North America.

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Credit Scoring: Which Personality Traits Predict Credit Risk?

FICO

Our work with both EFL and Lenddo is part of the FICO Financial Inclusion Initiative. Lenders rely on credit scoring to assess consumers’ risk, and credit scoring relies on credit data. But what if an applicant is new to credit? The post Credit Scoring: Which Personality Traits Predict Credit Risk?

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Can Agentic AI in Fintech Transform Financial Services Through Autonomous Intelligence?

Fintech News

How Agentic AI Can Transform Fintech Operations Potential Use Case Without Agentic AI With Agentic AI Customer engagement Rule-based chatbots provide scripted responses and struggle with context retention AI-driven financial assistants adapt to user behaviour, proactively offer personalised insights, and autonomously act (e.g.,

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A New Way to Score Credit Risk – Psychometric Assessments

FICO

The scoring methodology was developed by EFL Global and marketed by FICO as part of our FICO Financial Inclusion Initiative , designed to open up credit markets around the world to a larger number of unbanked and underserved consumers. EFL has been part of providing more than $1.3

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Using Alternative Data in Credit Risk Modelling

FICO

This comment from a participant in our recent EMEA Risk Leadership Forum caused a lot of chuckles and nodding heads. When it comes to evaluating credit risk, everyone wants to know if, when and how lenders will start probing their Facebook account. Alternative data is everything else. Survey / Questionnaire Data. How Much Value?

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Financial Inclusion Using Analytics

FICO

Financial Inclusion Using Analytics. Plus, it means going beyond the FICO® Scores based on traditional data, so we've also developed scores utilizing new alternative data sources that are specifically designed for financial inclusion. Using new approaches to improve financial inclusion. Saxon Shirley.