FICO

APRIL 27, 2017

When young Russians apply for their first credit card at Sovcombank, they go through a fun, interactive survey that starts with the question, “How do you feel today?” What they’re doing is participating in a new type of psychometric credit scoring that could expand credit in markets worldwide.

Credit Risk 66

Credit Risk Assessments Risk Financial Inclusion 66

Finovate

APRIL 10, 2024

The deal will help Empower expand into the credit card market. Empower also announced it closed the acquisition of Philippines-based consumer credit and lending fintech Cashalo. Empower , a fintech helping to extend credit to underserved consumers, announced plans to acquire underserved credit card provider Petal.

Credit Cards 52

Credit Cards Underserved Underwriting Acquirers 52

FICO

SEPTEMBER 28, 2017

Lenders are looking for new ways to connect with the estimated 3 billion people worldwide who fall outside the credit mainstream. These “credit invisibles” don’t have credit cards, bank accounts or credit history — so how can a lender assess their risk? EFL has seen a circa.

Credit Risk 74

Credit Risk Assessments Online and Mobile Banking Risk 74

PYMNTS

SEPTEMBER 20, 2018

The opportunity is also gigantic, Cheng told Webster, given that the country has some 800 million working adults, with less than half of them in possession of a credit card. X Financial offerings include a balance-transfer credit card product and an unsecured, high-credit-limit loan product.

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

PYMNTS

NOVEMBER 2, 2018

In China , X Financial specializes in helping underserved prime borrowers and mass affluent investors by matching those borrowers with investors willing to loan them money. That means the big opportunity for X Financial comes from the 400 million or so Chinese consumers who have credit cards, but are hampered by limits that are too low.

P2P 53

P2P Credit Cards Underserved Credit Limit 53

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. Many of the startups disrupting banking are reaching customers who are either underserved by existing bank accounts or do not qualify to open an account (unbanked). Underbanked/Unbanked.

Online and Mobile Banking 78

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

FICO

MAY 23, 2022

Finding a way to score millions without credit history. Círculo de Crédito , the fastest-growing credit bureau in Mexico, has used unique credit risk scores from FICO to boost financial inclusion in Mexico and help an additional 20 million citizens access credit.

Financial Inclusion 52

Financial Inclusion Risk Assessment Assessments Embedded Finance 52