FICO

APRIL 27, 2017

Sovcombank, a universal bank with more than 2 million customers, is using the score to “gamify” the credit application process. The EFL credit risk score is created through a dynamic behavioral design and psychometric assessment that analyzes character traits with a proven relationship to credit risk.

Credit Risk 66

Credit Risk Assessments Risk Financial Inclusion 66

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. Here is useful information on how to assess alternative data and combine it with so-called traditional data to improve credit risk models. Multiple Types of Alternative Data. How Much Value?

Credit Risk 52

Credit Risk Risk AI Assessments 52

FICO

FEBRUARY 28, 2020

Having worked in credit risk for most of my career during the revolution in analytics, it continues to concern me that the collections and recoveries (C&R) divisions of banks seem to be left behind. Innovations in credit risk analytics that have been widely adopted in other risk areas rarely get used at the C&R level.

Credit Risk 52

Credit Risk Risk Origination Innovation 52

FICO

AUGUST 1, 2018

Some of the above difference between these three groups can also be attributed to differences in their credit risk profiles. The post FICO Research: Does Student Loan Debt Impact Millennial Homeownership? appeared first on FICO.

Research 60

Research Credit Risk Consumer Risk 60

PYMNTS

NOVEMBER 11, 2020

The launch comes after a successful pilot program, Visa noted, with the focus of the chosen FinTechs ranging from small business credit risk and buy now, pay later to merchant search and transaction compliance.

FinTech 110

FinTech Credit Risk Small Business NOV 110

PYMNTS

MARCH 6, 2020

PYMNTS’ latest research seeks to distinguish the real from the hype when it comes to genuine AI adoption in the financial sector. Even more significantly, our research shows that FIs are using AI with greater focus than they have in the past, with two areas emerging as key applications: payments fraud and credit risk.

AI 81

AI Credit Risk Regulatory Compliance Risk Assessment 81

PYMNTS

JULY 8, 2020

AI Also Helps Manage Credit Risk. For instance, Mastercard has been using AI to help its banking partners with credit risk management, aiming to provide the right amount of credit to customers — and the smartest collections efforts — in today’s uncertain economic climate.

Visa 109

Visa AI Credit Risk Risk 109

Finovate

JANUARY 28, 2025

Abrigo , a compliance, credit risk, and lending solutions provider for financial institutions, has acquired Integrated Financial Solutions (IFS). This includes transaction structuring and pricing through application processing, credit decisioning, documentation, billing, collection, and remarketing. Terms were not disclosed.

Acquirers 52

Acquirers Fraud Detection Origination Automation 52

FICO

JANUARY 31, 2019

FICO's research team explored this topic in a new paper, “Developing Transparent Credit Risk Scorecards More Effectively: An Explainable Artificial Intelligence Approach”. Research into AI and Machine Learning for Credit Scoring. The field of explainable AI (xAI) may hold the answer.

Research 40

Research AI Federal Reserve Credit Risk 40

FICO

SEPTEMBER 28, 2017

One partnership that may surprise some people is with EFL Global , a leading alternative credit scoring company. The EFL score uses psychometrics and behavioral data to measure a person’s credit risk based on an applicant’s answers to a series of interactive questions and exercises administered via an online assessment.

Credit Risk 74

Credit Risk Assessments Online and Mobile Banking Risk 74

FICO

AUGUST 23, 2021

For comparison, we created a benchmark score that was built using only credit bureau data but that scored more people by loosening the FICO minimum scoring criteria (which results in scores being calculated even when the only data available is very sparse or stale). We refer to this benchmark score as the “Credit Bureau Data Research Score.”

Consumer 98

Consumer Research CFPB Credit Risk 98

The Fintech Times

APRIL 15, 2024

. “AI’s contribution extends to intelligent underwriting, where it enables the creation of sophisticated risk profiles by analysing a wide range of data, including non-traditional indicators that might be overlooked in manual processes.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Finovate

DECEMBER 19, 2023

Liquidnet will leverage bondIT’s Scorable Credit Analytics to help traders better anticipate market trends. The technology will also help them mitigate credit risk and make more informed decisions quicker. Embedded is bondIT’s end-to-end, integrated portfolio construction, research, and trading solution.

AI 104

AI Research Credit Risk Issuers 104

PYMNTS

SEPTEMBER 15, 2016

In an interview conducted by Karen Webster with Rob Meloche, Senior Director of Global Financial Inclusion at Visa, the conversation focused on the payment company’s research, conducted in partnership with Filene Research Institute , that revealed the spending power that exists within the minority community in the U.S.

Financial Inclusion 76

Financial Inclusion Credit Union Underserved Non-Bank 76

FICO

APRIL 6, 2018

How are advances in artificial intelligence and machine learning changing credit risk assessment? On Tuesday, April 17, 1:30-2:30, my colleague Ethan Dornhelm and I will show that machine learning offers tremendous efficiencies for research “in the lab”. Join me at this session on Thursday, April 19, 10:15-11:15.

Credit Risk 89

Credit Risk Risk Assessment AI Risk 89

PYMNTS

DECEMBER 14, 2020

This was a year that bent and broke quite a few risk forecasting models, thus all the more reason to bring AI smarts to bear on transaction volumes scaling far beyond a human pace. Circumstances] have underscored the singular importance of artificial intelligence (AI) in managing credit risk as well as supporting other bank operations.

AI 87

AI Risk Assessment Online and Mobile Banking Credit Risk 87

PYMNTS

OCTOBER 27, 2016

ID Analytics, a consumer risk management company, announced Wednesday (Oct. 26) new research that revealed over six out of 10 millennials declined for credit are not seen applying again for at least 12 months.

Credit Cards 74

Credit Cards Credit Risk Risk Management Research 74

FICO

JUNE 2, 2023

At FICO, we have been on the frontlines of this challenge for decades, working tirelessly to identify sources of safe and reliable alternative data to enhance the risk prediction of our scores, including our industry-leading FICO® Scores, such as the UltraFICO™ Score. More than 200 million U.S.

Credit Risk 52

Credit Risk Financial Inclusion Risk Assessment Assessments 52

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Here are three key developments in credit scoring that we will be keeping an eye on in the new year: Consumer-Contributed Data Takes Center Stage. revolver vs. transactor).

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

PYMNTS

DECEMBER 2, 2020

Recent research by PYMNTS and Afterpay found that millennials are especially enthusiastic about these flexible payment options, and prefer them more than any other generation. Nearly 20 percent of shoppers ages 22 to 30 lack credit histories that are robust enough to grant them credit card approval, for example.

BNPL 77

BNPL Credit Cards Payments Research 77

FICO

MAY 7, 2018

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.

Financial Inclusion 77

Financial Inclusion Innovation Credit Risk Underserved 77

CB Insights

APRIL 22, 2020

The government has backstopped these loans so that lenders can take on minimal credit risk; however, alt lenders carry existing credit risk from non-government-backed SMB loans — and the longer the economy remains on pause, the higher the likelihood these alternative lenders will suffer increased losses resulting from existing borrower defaults.

FinTech 87

FinTech Processors Governance Government 87

PYMNTS

OCTOBER 7, 2016

Plati Potom develops post-payment solutions for eCommerce and offline retailers, as well as data analysis and credit risk management tools. For QIWI, this transaction is another step in implementing its M&A strategy of investing in promising teams and technologies in the FinTech space.

Cross-Border 55

Cross-Border Credit Risk Risk Management Acquirers 55

PYMNTS

APRIL 16, 2020

“We know that overdue invoices put a real strain on [SMBs] even at the best of times,” said Tide Vice President of Credit Services Amit Kahana in the release. According to Tide research, late payments represented a total of 50 billion pounds ($62.3 billion) for U.K. SMBs in 2019. Those businesses spent an average of 1.5

Payments 70

Payments Credit Risk Risk Economy 70

FICO

APRIL 12, 2023

And while some of our clients’ business lines benefit from the very latest innovations, others such as mortgage continue to find that older versions of the FICO® Score – even some that were first developed decades ago – meet their needs for credit risk assessment. in management science/operations research from UC San Diego.

Credit Risk 52

Credit Risk Risk Assessment Assessments B2C 52

CB Insights

DECEMBER 10, 2020

Below, we take a look at how tech companies are unbundling Bank of America’s front office, from consumer deposits and payments to equity research and business credit cards. . This has provided an opportunity for other research providers to gain market share among banking clients. . Category breakdown . Consumer payments.

Credit Cards 101

Credit Cards Advisors Venmo Small Business 101

FICO

JANUARY 11, 2017

New FICO research shows that not this not the case. As a data scientist from FICO’s Scores organization, I feel it’s important to remind our blog readers that collection information on a credit bureau report has consistently been found to be a strong indicator of increased credit risk.

Consumer 67

Consumer CFPB Research Non-Bank 67

PYMNTS

AUGUST 20, 2020

According to the release, the company’s research and development as well as analytical functions will remain in its Ra’anana, Israel offices. Behalf said that B2B sellers can use its product to “receive payment upfront, without the need to assume credit risk.

FinTech 64

FinTech B2B Finance Credit Risk 64

FICO

SEPTEMBER 13, 2017

In mid-September 2017, the three consumer reporting agencies (CRAs) are also scheduled to remove the following from credit reports: Medical collections less than 180 days old. Medical collections that are ‘paid by insurance’.

Assessments 74

Assessments Credit Risk Risk Consumer 74

FICO

JANUARY 10, 2017

The “innovation” VantageScore claims can score more people is simply the weakening of credit score criteria. The minimum criteria needed to produce the FICO Score aren’t arbitrary — they are the result of decades of research into risk assessment. In a previous post , I pointed out that our research showed around 7.4

Research 81

Research Consumer Risk Assessment Risk 81

FICO

OCTOBER 20, 2022

How can lenders build, manage, and secure credit portfolios in today’s uncertain market environment? A panel of credit risk experts discussed this question at length during a FICO® World 2022 session entitled “Resilient Credit Lifecycle Strategies are the New Norm.” . Building resilience into credit portfolios.

Credit Risk 52

Credit Risk Assessments Risk Risk Management 52

FICO

OCTOBER 20, 2022

How can lenders build, manage, and secure credit portfolios in today’s uncertain market environment? A panel of credit risk experts discussed this question at length during a FICO® World 2022 session entitled “Resilient Credit Lifecycle Strategies are the New Norm.” . Building resilience into credit portfolios.

Credit Risk 52

Credit Risk Assessments Risk Risk Management 52

FICO

MARCH 8, 2021

We’ve conducted research and developed frameworks that are used to assess many types of alternative data sources used in credit decisions (for more, see our recent white paper ). Over the past several years, we’ve helped lenders develop on-ramps to mainstream credit using alternative data for those seeking financial inclusion.

Financial Inclusion 52

Financial Inclusion Checks Credit Risk Accounts 52

FICO

FEBRUARY 28, 2017

In my last blog post , I shared a new FICO research study on credit trends in auto lending. This shift may signal an increase in credit risk for the industry because six-year loans have historically had higher delinquency rates. So how are consumers affording these larger loans?

Underwriting 56

Underwriting Credit Risk Risk Accounts 56

PYMNTS

DECEMBER 19, 2016

That year, research reported that the typical net worth of millennials was 20 percent lower than that same age cohort in 1983 — at the same time, that of their parents had more than doubled. Besides that, they’re the ideal credit risk and perfect target to stake the future of FinTech, payments and retail. Or should it?

FinTech 88

FinTech Credit Cards Push-to-Card Economy 88

FICO

JANUARY 7, 2020

FICO Score Research: Explainable AI for Credit Scoring. The blog examines the key drivers pushing U.S. consumers’ scores upward. Read the full post.

Posting 52

Posting Innovation AI Risk 52

FICO

JANUARY 3, 2017

Chief among your interests were analytic innovation, credit risk, regulatory compliance, customer experience and mobile payments. Here’s a recap of our top 10 most popular posts published in 2016: US Credit Quality Rising … The Beat Goes On – Ethan Dornhelm shares FICO research showing how US consumer credit quality continues to climb.

Posting 53

Posting AML Money Laundering Regulatory Compliance 53