FICO

JUNE 30, 2023

What the FICO Score is not designed to do is provide a specific, fixed estimate of credit risk; we know from tracking the scores over three-plus decades that the relationship between the FICO Score and consumers’ likelihood of loan repayment can and does shift over time and across economic and financial cycles. and Canada.

Underwriting 52

Underwriting Credit Risk Mitigation Risk 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. The post Auto Loan Credit Quality: Hazardous Road Conditions Ahead?

Underwriting 56

Underwriting Credit Risk Risk Accounts 56

CB Insights

AUGUST 25, 2022

As digital lending services continue to gain traction, lenders are prioritizing technology solutions for automated underwriting, fraud prevention, loan application, and credit risk analysis. The post 102 companies automating loan origination for digital lenders appeared first on CB Insights Research.

Origination 36

Origination Automation Underwriting Fraud Prevention 36

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

AUGUST 29, 2022

As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem ranging from originations, underwriting and account management to collections and asset-backed securitization. in management science/operations research from UC San Diego. Ethan Dornhelm.

Consumer 98

Consumer Credit Cards Payments Governance 98

FICO

MAY 10, 2017

There has been much discussion and several studies over the years regarding the potential value of leveraging rental data in assessing consumer credit risk. Which raises the question: Should rental data be widely reported to the three primary consumer credit agencies (CRAs)? Does Rental Data Make Thin Files Fatter?

Regulatory Compliance 72

Regulatory Compliance Volume Compliance Consumer 72

PYMNTS

NOVEMBER 16, 2018

A press release issued this week said that BNB Bank, a community bank operating across the New York and Long Island metropolitan area, will integrate PayNet technology to enhance its underwriting process for small business loans. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L.

Community Banks 53

Community Banks Small Business Risk Assessment Underwriting 53

PYMNTS

FEBRUARY 26, 2019

Thin-file credit applicants could go through a fairly painstaking process to build credit with low-value cards, but that wasn’t a good answer for him. The actual business, Varma noted, was the product of a long research period, since building a better credit-scoring experience is complicated.

AI 61

AI Credit Risk Assessments Card Issuer 61

FICO

NOVEMBER 23, 2021

This year our judges, in alphabetical order, are: Sidhartha Dash, research director at Chartis. He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant.

Regulatory Compliance 52

Regulatory Compliance Financial Inclusion Risk Management Consulting 52

PYMNTS

AUGUST 4, 2016

Primarily, Reckon provides small and medium-sized enterprises with cloud accounting solutions, but now, it’s utilizing the data it has about small businesses to its advantage by partnering with alternative lending company Prospa to underwrite loans to its SME users. “This is transforming the credit risk analysis process. .

Small Business 40

Small Business Underwriting Regulations Assessments 40

PYMNTS

JULY 11, 2017

More than two-thirds told researchers that compliance and regulatory requirements are holding them back from providing more trade finance in the short term, while cost control pressures were identified as the top challenge for FIs’ (financial institutions) trade finance operations.

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

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 Consumer 52

FICO

FEBRUARY 6, 2017

FICO Scores, of course, play an important role in the risk management and transparency that powers the secondary market. Now VantageScore is claiming that its score can be used instead in GSE underwriting (and by extension, securitization), as a one-to-one replacement for the FICO Score. Could a clean swap-out work?

Credit Risk 40

Credit Risk Risk Assessment Risk Payer 40

Fintech News

OCTOBER 28, 2024

Vitto (India) Vitto is a MSME focused fintech startup using behavioural data for credit risk profiling and automating credit decisioning with AI assistance. It simplifies the complexities of financial research and trading management, providing an institutional investment process accessible to all market participants.

FinTech 114

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 114

CB Insights

OCTOBER 10, 2018

SMBs and SMEs are typically underserved by banks because they generate less revenue for banks and are riskier to underwrite. Traditional banks hesitate to underwrite business accounts for tech startups because startups are high-risk businesses with untested founding teams (regardless of previous work experience).

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

Fintech Labs Insights

JULY 17, 2015

Credit Benchmark. Independent source of consensus credit risk. Investment information & research. Tags: Investing, research, trading, stock market. Source: Crunchbase. AcadiaSoft. Margin-call automation software. HQ:Pembroke, Massachusetts. Latest round: $30 million. Total raised: $34 million. HQ: London, UK.

FinTech 29

FinTech Online and Mobile Banking Underwriting P2P 29

FICO

NOVEMBER 12, 2019

Today’s post is about solving the elusive problem of first-party fraud and features commentary from Julie Conroy (Research Director at Aite Group) and Jack Alton (CEO at Neuro-ID). Julie—I know you spend a lot of time researching this subject. For your benefit, we will periodically reproduce these conversations in FICO blog posts.

Credit Risk 40

Credit Risk Crime Data Breach Research 40

CB Insights

FEBRUARY 13, 2020

‘PayFac’ technology simplifies underwriting and onboarding. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. ‘PayFac’ technology simplifies underwriting and onboarding merchants. TABLE OF CONTENTS. A decade of online payments innovation.

Payment APIs and Integration 98

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

FICO

JULY 15, 2022

In fact, solutions developed by the FICO Scores team enable credit access for an estimated 1.3 It means investing in research to validate forms of alternative data. billion consumers globally using alternative data. Using new approaches to improve financial inclusion. Financial inclusion also means investing in innovation.

Financial Inclusion 52

Financial Inclusion Underserved Consumer Innovation 52

FICO

MARCH 6, 2020

AI will lead to more tailored products and services, reduced risk, increased productivity and smarter decision-making in all areas of banking and finance – be it fraud prevention, credit risk scoring, insurance underwriting, claims assessment or investment strategies.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

CB Insights

DECEMBER 4, 2019

In his 2016 annual letter to shareholders , Bezos outlined Amazon’s goal of expanding Amazon Lending: by continuing to work with partner banks to manage the bulk of the credit, the retailer can mitigate credit risk and calm investor nerves. Today, Amazon has expanded its business lending to the US and UK. Amazon SMB Lending.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

CB Insights

JUNE 3, 2020

Digital life insurance startups offering easier underwriting processes for life insurance (like requiring no medical exam) are already seeing an increase in applications as customers don’t want to deal with agents or medical exams in the time of social distancing. appeared first on CB Insights Research. Banking and Lending.

Online and Mobile Banking 75

Online and Mobile Banking Volume On-Demand Underwriting 75

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. FinBox plans to use the investment on product research and development. Australia’s ANZ Bank led a $1.56

B2B 51

B2B Payment APIs and Integration Small Business Participant 51