Remove Credit Risk Remove Financial Inclusion Remove Risk Management
article thumbnail

Tradition and Technology: Bhutan’s Journey into Fintech and Financial Inclusion

The Fintech Times

Banks By 2020, Bhutan’s financial sector included five banks, three insurance companies, one CSI bank, five microfinance institutions, one pension institution, two telecom companies as well as a single stock exchange. These advancements offer the potential to boost economic development and prosperity across the Kingdom.

article thumbnail

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

Fintech News

In fintech, Agentic AI could enhance fraud prevention, risk management, trading, and customer engagement by autonomously analysing financial data, detecting anomalies, and executing decisions in real time. From fraud prevention to financial inclusion, its applications are vast and impactful. What Lies Ahead?

AI 75
article thumbnail

Using Alternative Data in Credit Risk Modelling

FICO

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.

article thumbnail

How Has AI Impacted the Embedded Finance Space in Recent Years?

The Fintech Times

Natasa Kyprianidou, senior director at Alvarez & Marsal “Traditional credit decision timelines, extending over weeks or months, have been dramatically shortened to seconds thanks to AI-driven algorithms. .

article thumbnail

KBZ Bank Improves Credit Checking Capabilities With Integration of FinbotsAI’s CreditX

The Fintech Times

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
article thumbnail

Prosper Extends Credit to 200K Near-Prime Clients with FICO Scores

FICO

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.

article thumbnail

Top 5 Risk Analytics Posts: From Rising FICO Scores to Alt-Data

FICO

“By contrast, growth in student loan debts outpaced inflation, being both greater in number as well as balances; this undoubtedly creates a drag on capacity for other forms of consumer credit.”. A New Way to Score Credit Risk – Psychometric Assessments. Using Alternative Data in Credit Risk Modelling.

Risk 58