Remove Credit Risk Remove Financial Inclusion Remove Risk Management
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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. .

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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.

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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.

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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.

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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.

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Em Conversa: Understanding Open Banking Benefits for Businesses and Consumers with Prometeo

The Fintech Times

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 goal is to build an open and interconnected financial market.

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New UltraFICO™ Score Innovation Now Available for Lenders to Pilot

FICO

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.