PYMNTS

SEPTEMBER 15, 2016

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.

Financial Inclusion 76

Financial Inclusion Credit Union Underserved Non-Bank 76

The Fintech Times

APRIL 16, 2024

Additionally, KBZ Bank has been driving financial inclusion through technology innovation, launching KBZPay in 2018, which is now Myanmar’s fastest-growing mobile wallet with over 15 million customers to date. With this move, KBZ Bank will help accelerate the adoption of AI-led credit risk management in Myanmar.

Checks 69

Checks Credit Risk Risk Management Assessments 69

FICO

OCTOBER 11, 2018

As a leader in analytics and credit scoring, FICO will be there to showcase thought leadership and new innovations in credit scoring, fraud, originations, and more. Pacific: New Frontiers in Credit Risk Scoring for a Consumer-Centric Era. Consumer awareness of their credit files and FICO® Scores has never been higher.

Credit Risk 40

Credit Risk Risk Financial Inclusion Origination 40

The Fintech Times

AUGUST 17, 2024

This collaboration enables Abound to assess borrower affordability more accurately by leveraging D•One’s transaction categorisation prowess, aiming to broaden access to affordable loans while reducing credit risk.

AI 64

AI Assessments Credit Risk Financial Inclusion 64

The Fintech Times

MAY 20, 2024

Endava, a technology services company, has teamed up with Finexos , an AI-powered credit risk and analytics platform, in order to enhance credit decision-making for banks and lenders. This alliance aligns with Endava’s commitment to financial inclusion and innovation in the banking sector.

AI 59

AI Financial Inclusion Credit Risk Risk 59

FICO

JUNE 2, 2023

consumer data not present in the traditional credit bureau files) to enhance the predictiveness and inclusiveness in credit scoring. Even for this population, scores, such as the UltraFICO™ Score, which combines traditional credit bureau data with safe and reliable alternative data can improve predictiveness.

Credit Risk 52

Credit Risk Financial Inclusion Risk Assessment Assessments 52

FICO

MAY 19, 2023

In total, Prosper extended more than USD $225M in credit access to these consumers. Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores. Millions of consumers in the U.S.

Financial Inclusion 52

Financial Inclusion Credit Limit Financial Literacy Credit Risk 52

The Fintech Times

JULY 24, 2024

“Regulatory frameworks are being adjusted to support fintech innovations and foster a conducive environment for financial technology growth. .” Traditional banks struggle with high-risk borrowers, so microfinance companies step in, providing credit to individuals and small businesses.

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

Finovate

SEPTEMBER 30, 2024

Credit bureau, business information, and credit risk specialist CRIF has inked a strategic partnership with open banking API company Ozone API. The collaboration is designed to hep financial institutions enhance data-driven decision-making, streamline operations, and share data safely.

API 52

API Financial Inclusion Credit Risk Security 52

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. This approach not only fine-tunes the assessment of credit risks but also customises financial products to meet individual requirements, balancing personalisation with risk management.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

PYMNTS

MAY 10, 2016

Just a few months ago at PYMNTS’ Innovation Project 2016 , PayPal CEO Dan Schulman told Karen Webster that “financial inclusion is really about financial health.”. Acquiring that financial health means financial institutions are able to not only know, but accurately identify, their customers.

Financial Inclusion 42

Financial Inclusion Demand Deposit Account (DDA) Online and Mobile Banking Authentication 42

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.

Financial Inclusion 62

Financial Inclusion Underwriting Credit Cards Disputes 62

FICO

JANUARY 4, 2018

What were some of the most interesting risk analytics topics last year? Judging from the views on the FICO Blog, risk professionals are keenly interested in new ways to approach risk analytics. Here were the top 5 posts of 2017 in the Risk & Compliance category: US Average FICO Score Hits 700: A Milestone for Consumers.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

Finovate

SEPTEMBER 24, 2024

. “The integration of Scam Signal within the FICO Customer Communications Service allows banks to present customers with personalized, omni-channel, and highly contextualized messages that break the scammer’s spell for high-risk activities,” FICO VP of Product Management Adam Davies said.

Authorization 59

Authorization Scams Fraud Prevention Payments 59

FICO

SEPTEMBER 15, 2022

Saudi Credit Bureau Delivers Access To Loans For Millions with Score. SIMAH wins FICO ® Decisions Award for financial inclusion using FICO ® Scores. This growth in Saudi financial inclusion was made possible by SIMAH’s advocacy efforts with financial institutions and a parallel education campaign with consumers. “We

Financial Inclusion 52

Financial Inclusion Risk Assessment Assessments Risk 52

FICO

OCTOBER 17, 2022

How data sharing can improve credit risk decisioning. The launch of the Open Finance Framework by Bangko Sentral ng Pilipinas (BSP) in 2021 was a big step forward in driving financial inclusion for millions of Filipinos across the market who still do not have access to credit. FICO Admin. Wed, 10/03/2018 - 23:42.

Credit Risk 52

Credit Risk Payment APIs and Integration Consulting Risk 52

The Fintech Times

JULY 22, 2024

This comprehensive approach is what we refer to as financial inclusion.” ” Data is the key Christian Widhalm, CEO, Bloom Credit Data has emerged as one of the most important assets an organisation can have. After all, as the saying goes: knowledge is power. . It’s a win-win.”

Adjustments 94

Adjustments Online and Mobile Banking Financial Inclusion FinTech 94

FICO

MARCH 8, 2021

I recently had the opportunity to participate in a virtual event hosted by the Urban Institute entitled Financial Inclusion: Lessons Learned and What’s Next for Innovations in Alternative Credit Data. This is particularly relevant when it comes to financial inclusion. Positive Data Brings Predictive Value.

Financial Inclusion 52

Financial Inclusion Checks Credit Risk Accounts 52

The Fintech Times

APRIL 3, 2024

Adam Shapiro, co-founder and partner at Klaros Group “In order for embedded finance to scale fast in 2024, banks and service providers will need to develop additional operations, risk, and compliance-as-a-service capabilities.

Embedded Finance 126

Embedded Finance Finance Non-Bank Embedded Payments 126

FICO

AUGUST 20, 2019

China Construction Bank (CCB) hopes to reach more millennial consumers and is using alternative scoring services to improve decision making and improve financial inclusion efforts to reach this demographic. Partnering with the FICO team, we have significantly improved our origination efficiency while maintaining our risk profiles.

Financial Inclusion 40

Financial Inclusion Credit Cards Credit Risk Underwriting 40

FICO

SEPTEMBER 28, 2017

Lenders are looking for new ways to connect with the estimated 3 billion people worldwide who fall outside the credit mainstream. These “credit invisibles” don’t have credit cards, bank accounts or credit history — so how can a lender assess their risk? those with a credit history. EFL has seen a circa.

Credit Risk 74

Credit Risk Assessments Online and Mobile Banking Risk 74

FICO

MARCH 17, 2022

Mibanco’s goal is to expand access to credit for the unbanked or credit invisible,” said Sebastián Valera, risk transformation manager at Mibanco. Prior to the implementation, the entire credit flow, including the policies and various scores, was developed within the bank's core system. Annually we grant about 1.6

Origination 52

Origination Financial Inclusion Adjustments Risk 52

FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Sid has more than 20 years of experience in the financial, energy, and commodities markets.

Regulatory Compliance 52

Regulatory Compliance Financial Inclusion Risk Management Consulting 52

The Fintech Times

DECEMBER 19, 2023

The collaboration aims to empower traders to anticipate market trends, mitigate credit risk and make informed investment decisions faster. He previously worked at Amazon, PayPal and eBay with roles covering marketing, risk management and customer experience.

FinTech 59

FinTech Multi-Currency Agreements Risk Management 59

PYMNTS

JANUARY 6, 2021

While most financiers would run from an environment like that, CEO Toms Niparts of Jeff , an app-based lending platform based in Latvia, saw it as a huge opportunity. “We Know-How Meets Opportunity.

FinTech 129

FinTech Financial Inclusion Economy Finance 129

FICO

JULY 18, 2022

Machine Learning is simply another analytic technique; one that can help produce highly predictive credit scores which must also be explainable, with two important caveats: . The use of Machine Learning must be balanced with deep domain expertise in credit risk modeling. Financial Inclusion Using Analytics.

AI 52

AI Financial Inclusion Fraud Detection CFPB 52

FICO

MAY 5, 2022

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.

Transactions 52

Transactions Financial Inclusion Credit Limit Risk 52

FICO

APRIL 21, 2023

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? Q: What insights have you gained (risk or otherwise) about consumers who are willing to permission access to their DDA data? Any surprises?

Consumer 52

Consumer Demand Deposit Account (DDA) Credit Risk Non-Bank 52

FICO

AUGUST 16, 2021

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. The FICO® Score model is based on data in an individual’s credit report, housed by the three primary U.S. FICO® Scores vs. Credit Scores.

Consumer 98

Consumer Credit Cards Continuity Credit Risk 98

FICO

APRIL 28, 2020

Our winners have innovated in lending, supply chain optimization, customer management, debt collection, fraud and financial inclusion. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

FICO

OCTOBER 29, 2018

Whether planning to buy a car, home or head to college, millions of consumers know and manage their credit score. Now financial inclusion innovation is on the horizon that will change the dynamic of the lender and customer relationship.

Innovation 45

Innovation Financial Inclusion Credit Risk Risk Management 45

FICO

AUGUST 29, 2017

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. This gives you a better understanding of the consumer and their risk.

Credit Risk 67

Credit Risk Risk AI Financial Inclusion 67

FICO

MARCH 8, 2022

When I was a kid, women often found it harder to get credit than men. A lot of lenders just didn’t think women were good credit risks. When Bill Fair and Earl Isaac started selling data-driven credit scoring models in the late 1950s, it was a new concept for lenders.

Credit Risk 52

Credit Risk Risk Product Financial Inclusion 52

FICO

FEBRUARY 7, 2023

Developed by FICO in partnership with LexisNexis Risk Solutions and Equifax, this innovative credit score utilizes alternative data—data not included in the traditional credit bureau file. The inclusion of this alternative data leads to a more reliable estimate of consumer credit risk and helps score more than 26.5

BNPL 52

BNPL Posting Underwriting Credit Risk 52

FICO

AUGUST 28, 2017

When it comes to using alternative data in credit risk assessments, the field has really opened up over the last few years. Alternative data is a hot topic, in part because of the data explosion of the last few years, and in part because of the drive in lending for financial inclusion. Multiple Types of Alternative Data.

Credit Risk 52

Credit Risk Risk AI Assessments 52

The Fintech Times

FEBRUARY 27, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. Our aim is to help entrepreneurs find their path in a lower-risk way.

FinTech 59

FinTech Cross-Border Real Time Payments Returns 59

FICO

AUGUST 29, 2022

Regardless of this uncertainty, FICO’s mission is clear: to help lenders understand the credit risk that each borrower represents and make better-informed lending decisions and to educate and empower consumers. To learn more about FICO® Scores, check out these resources: How is FICO helping with financial inclusion?

Consumer 98

Consumer Credit Cards Payments Governance 98