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Just a few months ago at PYMNTS’ Innovation Project 2016 , PayPal CEO Dan Schulman told Karen Webster that “financialinclusion is really about financial health.”. Acquiring that financial health means financial institutions are able to not only know, but accurately identify, their customers. Relying on prepaid.
In fact, while other credit scoring models may generate a credit score based on stale credit information , our minimum scoring criteria requires that at least one credit account has updated information reported in the last six months. Learn more about the FICO® Score: FICO FinancialInclusion Fact Sheet. Absolutely not.
Q: Dale, to start with, can you provide a little background on your business motivation as a credit risk executive for exploring the value of consumer-permissioned DDA data? Dale is a featured panelist at FICO World 2023. A: There are certainly pros and cons to both approaches.
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