FICO

SEPTEMBER 28, 2017

These “credit invisibles” don’t have credit cards, bank accounts or credit history — so how can a lender assess their risk? One partnership that may surprise some people is with EFL Global , a leading alternative credit scoring company. 25% median Gini for its credit risk models across geographies and segments.

Credit Risk 74

Credit Risk Assessments Online and Mobile Banking Risk 74

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

FICO

JANUARY 4, 2018

“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

Risk Posting Credit Risk Regulatory Compliance 58

Fintech News

JANUARY 18, 2024

Using remote sensing technologies on farmland, the bank assesses credit risk based on crop growth and various factors. This approach ensures that even farmers in remote areas can access credit. The bank’s mission involves financial inclusion and empowering micro, small, and medium-sized enterprises (MSMEs).

APACS 120

APACS Finance Cross-Border Ubiquitous 120

The Fintech Times

JULY 24, 2024

“Regulatory frameworks are being adjusted to support fintech innovations and foster a conducive environment for financial technology growth. .” Because these fintechs tend not to be deposit-taking institutions, the systemic risk is seen as lower. Encouraging the inclusion of nontraditional data into credit bureaus.

Finance 59

Finance Online and Mobile Banking Micro-Entry Financial Inclusion 59

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

M2P Fintech

MARCH 25, 2025

This integration will help reduce operational costs, making credit more accessible to underserved populations and aligning with ULI’s goal of financial inclusion. Overall, the synergy between ULI and LMS will streamline lending operations, improve efficiency, and enhance financial accessibility across India.

Payment APIs and Integration 52

Payment APIs and Integration Verification Small Business Use Case 52

CB Insights

FEBRUARY 13, 2020

Despite its benefits, Stripe’s PayFac model also means that the company absorbs more merchant risk by serving as a master merchant account, and that it’s responsible for downside risk in the event of chargebacks and fraud. Stripe’s market opportunity. Source: Stripe.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

FICO

MAY 23, 2022

Finding a way to score millions without credit history. Círculo de Crédito , the fastest-growing credit bureau in Mexico, has used unique credit risk scores from FICO to boost financial inclusion in Mexico and help an additional 20 million citizens access credit.

Financial Inclusion 52

Financial Inclusion Embedded Finance Risk Assessment Assessments 52

Fintech News

DECEMBER 18, 2024

We are excited by the value that Nubanks thought partnership and advice can bring to Tyme, particularly in areas like data analytics, credit risk management, product development, and marketing. Building a Legacy of Financial Inclusion From the outset, Tyme Groups journey began with a bold mission.

Financial Inclusion 107

Financial Inclusion Underserved Innovation Best Practices 107

The Fintech Times

DECEMBER 17, 2024

Coen Jonker, co-founder and CEO of Tyme Group “Nubank transformed financial services in Brazil. Areas such as data analytics, credit risk management, product development and marketing are key to achieving leadership in our markets.

Financial Inclusion 59

Financial Inclusion Underserved API Credit Risk 59