When it comes to financial technology and payments modernization, there’s nothing like a seasoned veteran of the business for some perspective. Carl Pascarella, former CEO of Visa USA from 1993 to 2005, believes that the credit industry requires an upgrade. After following his time in...
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 — which includes bank account level information that helps would be lenders follow the money, we’re seeing the emergence of new...
The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need for lenders to provide specific and accurate explanations when making credit denials, the regulator said in a Tuesday (Sept. 19) press...
Main Street may be the soul of America, but its businesses find themselves increasingly embattled. That’s because small and medium-sized business (SMBs) looking for credit or working capital and other financing solutions are often underserved and ignored by traditional financial institutions (FIs). It is a...
September 01, 2023
Main Street may be the soul of America, but its businesses find themselves increasingly embattled. That’s because small and medium-sized business (SMBs) looking for credit or working capital and other financing solutions are often underserved and ignored by traditional financial institutions (FIs). It is a damning double-edged sword: The worse the economic situation, the more […]
July 02, 2024
Plaid has been rolling out new products and partnerships in recent months, offering additional resources to a broader range of customers, including enterprises. For example, the firm rolled out its new credit underwriting solution, Consumer Report, in early June, saying that it brings bank account-level data to client firms so that the data can be […]
September 19, 2023
The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need for lenders to provide specific...
August 16, 2023
Aleph, a global enabler of digital advertising, has launched Aleph Payments, a dedicated unit aimed at simplifying cross-border payments and credit underwriting. This move comes as the digital advertising industry is...
March 29, 2023
Enigma and Noble have partnered to help lenders make underwriting decisions about businesses. The collaboration brings together Enigma’s intelligence about the financial health and identity of U.S. businesses and Noble’s...
