credit scoring

Consumer-Permissioned Data Expansion Gives Rise to New Data Brokers
Consumer-Permissioned Data Expansion Gives Rise to New Data Brokers
June 05, 2024  |  Data

The rise of consumer-permissioned data in the U.S. promises to expand the credit landscape. And for the “connectors” and the “collectors” of that data —...

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How Could Generative AI Change Payments Processing?
How Could Generative AI Change Payments Processing?
May 24, 2023  |  artificial intelligence

While generative artificial intelligence (AI) makes headlines, the technology has for years been driving efficiencies. Particularly within the payments space. Already, automated machine learning (ML) and predictive...

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Abound CEO Says AI-Driven Lending Still Needs People to Perform
Abound CEO Says AI-Driven Lending Still Needs People to Perform
March 22, 2023  |  artificial intelligence

Traditional consumer credit scoring, which overlooks a large proportion of the population, may have been the norm for years, but Gerald Chappell, CEO and co-founder...

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Machine Learning Helps Expand Credit Access In Emerging Markets
Machine Learning Helps Expand Credit Access In Emerging Markets
January 29, 2023  |  Digital-First Banking

Artificial intelligence (AI) is helping increase access to financial services in Africa. In recent years, advances in machine learning, a type of AI, have had...

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FICO’s Resilience Index Predicts Borrowers’ Risk During Economic Uncertainty
FICO’s Resilience Index Predicts Borrowers’ Risk During Economic Uncertainty
June 29, 2020  |  Consumer Finance

In an effort to keep credit flowing amid uncertain economic conditions, FICO has unveiled its FICO Resilience Index. The tool is meant to complement the FICO...

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How AI Can Help Banks Decide Which Struggling Borrowers Deserve Help
How AI Can Help Banks Decide Which Struggling Borrowers Deserve Help
May 26, 2020  |  Debt

Amid the pandemic, banks have “frozen” at least $150 billion of loans – equating to about 5 percent of their consumer portfolios. The question becomes: What...

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Nova Credit Nets $50M To Aid Immigrant Credit Access
Nova Credit Nets $50M To Aid Immigrant Credit Access
February 12, 2020  |  Investments

Cross-border consumer credit startup Nova Credit has raised $50 million in Series B equity financing, according to a Wednesday (Feb. 12) release.  The investment was led...

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Alibaba, Tencent Withhold Data To Defy China’s Credit Score 
Alibaba, Tencent Withhold Data To Defy China’s Credit Score 
September 19, 2019  |  International

Chinese tech titans Alibaba and Tencent are spurning the government’s private credit-scoring protocol by restricting access to customer data, The Financial Times reported on Thursday...

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