Remove Assessments Remove Non-Bank Remove Underserved
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LemFi Acquires London Fintech Pillar to Expand Credit Services to the Millions of Underserved Immigrants in the UK and Across the Globe

Fintech Finance

Pillar’s alternative credit-scoring model uses global credit insights and non-traditional data to solve this, assessing eligibility and helping users build a financial footprint from day one. There have been slight improvements, but we still can’t offer equitable access to bank accounts or credit cards to someone from another country.

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Vanquis Pledges to Redirect Ineligible Customers to Fair Finance for Benefit Assessments

The Fintech Times

Fair Finance , a non-profit social business tackling financial exclusion, has teamed up with Vanquis , a specialist finance provider for financially underserved customers, to launch a new decline referral scheme. This follows calls from regulators and the government for a collaborative approach that prioritises customer well-being.

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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The evolution of open banking into open finance, examining regional regulatory approaches and adoption trends. Why is it important?

Finance 88
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A New Way to Score Credit Risk – Psychometric Assessments

FICO

The scoring methodology was developed by EFL Global and marketed by FICO as part of our FICO Financial Inclusion Initiative , designed to open up credit markets around the world to a larger number of unbanked and underserved consumers. The post A New Way to Score Credit Risk – Psychometric Assessments appeared first on FICO.

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Home Credit China Cuts Risk by 25 Percent on Thin File Loans

FICO

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. They are one of our most sophisticated clients in terms of advanced analytics.”. by FICO.

Risk 97
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Qist Bazaar Raises US$3.2 Million Series A from Indus Valley Capital and Gobi Partners to Revolutionize BNPL in Pakistan

Fintech Finance

Bank Alfalah, one of Pakistan’s largest commercial banks has already invested in Qist Bazaar, leading the seed round. ” Strategic Backing from Industry Leaders Qist Bazaar has benefitted from an early equity partnership with Bank Alfalah, which led their seed round. billion in assets under management (AUM).

BNPL 104
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Future of Loan Management Systems: Predictions for the Next Decade, 2025-2035

M2P Fintech

Borrowers can now apply for loans, track progress, and make payments through digital platforms and mobile apps, eliminating the need for physical branches and banking hours. “One-click” loans become reality through instant credit assessments. For example, more accurate credit assessments lead to reduced default rates.