FICO

MARCH 15, 2018

Origination Scores Offer Targeted Insight. Origination scores add significant value above and beyond the FICO ® Score, which is based solely on the data found in a consumer’s credit bureau file. There can be nuanced differences in the risk patterns and trends for this population relative to those of the holistic customer (i.e.,

Origination 40

Origination Risk Underwriting Credit Risk 40

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Here are three key developments in credit scoring that we will be keeping an eye on in the new year: Consumer-Contributed Data Takes Center Stage. Risk in Bankcard Originations on the Rise.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

PYMNTS

JUNE 1, 2020

invoice insurance provider Nimbla is teaming up with the credit risk assessment firm Wiserfunding , according to a report in Crowdfund Insider on Friday (May 29). The partnership is a result of the launch of the FinTech task force Innovate Finance , which took place in March, the report said.

Risk Assessment 67

Risk Assessment Risk Management Underwriting Credit Risk 67

PYMNTS

JULY 16, 2019

credit history to help them secure financing for auto loans. Last year, Lendbuzz’s loan origination grew 320 percent, and the company increased its dealership network across the United States to include key markets, including California and Florida. “This is a significant step forward for Lendbuzz.

Finance 49

Finance FinTech Underwriting Credit Risk 49

FICO

DECEMBER 8, 2022

If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria. Traditional underwriting risk management strategy approach in stressed versus unstressed economy. Senior Director, Scores.

Addressing 52

Addressing Risk Underwriting Risk Management 52

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. The fact that they not only use AI for initial underwriting, but also for the ongoing risk monitoring of the portfolio, is what really attracted us to Slope. The partnership brings together J.P.

AI 59

AI B2B Finance Underwriting 59

FICO

MAY 25, 2021

If we think of a lending portfolio as a night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets documented criteria. FICO® Scores, often an important contributor to underwriting strategies, are designed to provide valuable risk rank-ordering through all economic cycles.

Risk 52

Risk Addressing Underwriting Economy 52

FICO

OCTOBER 10, 2022

A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. We all know that having a higher credit score helps a consumer gain access to credit and get better terms from a lender. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11.

Consumer 52

Consumer Underwriting Credit Risk Assessments 52

FICO

JUNE 23, 2023

The updated model reflects the evolving credit landscape and credit behavior to help better inform a higher level of consumer credit risk prediction. The validation results for FICO Score 10 T demonstrate improved credit risk prediction for this segment of the population.

Risk Assessment 52

Risk Assessment Credit Risk Assessments Risk 52

FICO

AUGUST 20, 2019

China's large unbanked market, numbering close to 500 million, represents a significant opportunity for banks, especially among youth, who have a growing demand for credit but lack on-bureau credit history that limits a bank’s ability to understand their credit risk.

Financial Inclusion 40

Financial Inclusion Credit Cards Credit Risk Underwriting 40

PYMNTS

APRIL 6, 2017

FICO is strengthening its position in the corporate underwriting space with a new solution for SME lenders. The company said Wednesday (April 5) that it is rolling out its Origination Manager Essentials solution for mid-market banks and credit unions.

Credit Union 40

Credit Union Small Business Risk Assessment Origination 40

FICO

JUNE 30, 2023

What the FICO Score is not designed to do is provide a specific, fixed estimate of credit risk; we know from tracking the scores over three-plus decades that the relationship between the FICO Score and consumers’ likelihood of loan repayment can and does shift over time and across economic and financial cycles. originations).

Underwriting 52

Underwriting Credit Risk Mitigation Risk 52

Nanonets

APRIL 5, 2023

Traditional underwriting processes may not assess creditworthiness accurately for a borrower who derives income from non-traditional sources. Filtering customers based on income and savings, in addition to credit scores, can be a stronger predictor of mortgage risk. Verify KYC/AML based on geography.

Automation 52

Automation Process Risk Assessment Assessments 52

PYMNTS

DECEMBER 10, 2016

When all the shares were accounted for, Lending Club’s original IPO managed to pull in more than $1 billion — slightly beating expectations and making it the seventeenth-largest U.S. Loan originations were down, and defaults were higher than expected. The Billion-Dollar IPO. IPO of the year. The Trouble With “Not Being A Bank”.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

FICO

AUGUST 29, 2022

As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem ranging from originations, underwriting and account management to collections and asset-backed securitization. Tue, 08/30/2022 - 12:00.

Consumer 98

Consumer Credit Cards Payments Government 98

M2P Fintech

JANUARY 28, 2025

From origination to servicing, Finflux by M2P delivers unmatched flexibility and scalability, making it an ideal choice for NBFCs, banks, credit unions, fintech companies, microfinance institutions, and lending institutions of all sizes.

Payment APIs and Integration 52

Payment APIs and Integration BNPL Regulatory Compliance Compliance 52

PYMNTS

JUNE 7, 2018

One of the things that becomes clear very early on is to be disciplined about the segments of the big umbrella of SMBs that BlueVine wanted to target, so that their products, credit underwriting and technology can support the delivery of loans that fit the needs of those segments. Who They Serve.

Small Business 49

Small Business Underwriting Product Risk 49

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Those effects, however, were short-lived.

P2P 54

P2P Origination Underwriting Returns 54

FICO

NOVEMBER 23, 2021

An accomplished leader with 18 years’ experience in credit risk, banking and analytics in the Australian market, Paul has a track record of using technology and data to develop and implement strategic change to drive tangible business outcomes. Armando Junior, general manager, risk and compliance at Dock (previous winner) .

Regulatory Compliance 52

Regulatory Compliance Financial Inclusion Risk Management Consulting 52

Fintech News

OCTOBER 28, 2024

Vitto (India) Vitto is a MSME focused fintech startup using behavioural data for credit risk profiling and automating credit decisioning with AI assistance. Through alternative credit scoring and data aggregation, WeGro provides personalised financial solutions, especially to women who face barriers to formal credit access.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

CB Insights

OCTOBER 10, 2018

SMBs and SMEs are typically underserved by banks because they generate less revenue for banks and are riskier to underwrite. Traditional banks hesitate to underwrite business accounts for tech startups because startups are high-risk businesses with untested founding teams (regardless of previous work experience).

Online and Mobile Banking 78

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

CB Insights

FEBRUARY 13, 2020

‘PayFac’ technology simplifies underwriting and onboarding. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. ‘PayFac’ technology simplifies underwriting and onboarding merchants. TABLE OF CONTENTS. A decade of online payments innovation.

Online and Mobile Banking 98

Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

FICO

SEPTEMBER 18, 2018

In your opinion, what should come first: an underwriting decision or a fraud decision - and why? Andy: Credit risk is the bigger player in account originations. The overall question the organization is asking is ‘should we extend credit to this(these) individual(s)?'.

Fraud Detection 51

Fraud Detection Best Practices Checks Push-to-Card 51

PYMNTS

JUNE 6, 2018

One of the things that he said becomes clear very early on is to be disciplined about the segments of the big umbrella of SMBs that Blue Vine wanted to target so that their products, credit underwriting and technology can support the delivery of loans that fit the needs of those segments. Who They Serve.

Small Business 40

Small Business Underwriting Risk Product 40

FICO

SEPTEMBER 20, 2018

In your opinion, what should come first: an underwriting decision or a fraud decision - and why? Andy: Credit risk is the bigger player in account originations. The overall question the organization is asking is ‘Should we extend credit to this(these) individual(s)?'.

Fraud Detection 45

Fraud Detection Best Practices Checks Push-to-Card 45

M2P Fintech

FEBRUARY 28, 2025

Business/SME Loan Management System Business/SME loan management softwares key functions, such as loan origination , underwriting, servicing, and repayment, enable lenders to efficiently manage the entire loan lifecycle. Real-time analytics and automated reminders for better loan servicing.

Payment APIs and Integration 52

Payment APIs and Integration Assessments Best Practices Compliance 52

FICO

JULY 15, 2022

I'm happy to announce that we've completed the pilot of UltraFICO TM Score, where over 35,000 consumers shared their data with lenders and lenders were able to integrate this advanced technology into their underwriting workflows to safely grant credit where they may have previously declined. The importance of integrity. No, it's not.

Financial Inclusion 52

Financial Inclusion Underserved Consumer Innovation 52

PYMNTS

MAY 10, 2016

“I think it is fair to say that they had built the better mousetrap and priced risk very differently that the existing issuers of consumer credit were pricing it. The marketplace lending model is designed to offload the most pernicious risk in the lending business – credit risk – to the investors who buy the loans from them.

Underwriting 41

Underwriting Audit Risk Compliance 41

CB Insights

DECEMBER 4, 2019

In his 2016 annual letter to shareholders , Bezos outlined Amazon’s goal of expanding Amazon Lending: by continuing to work with partner banks to manage the bulk of the credit, the retailer can mitigate credit risk and calm investor nerves. Today, Amazon has expanded its business lending to the US and UK. Amazon SMB Lending.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

CB Insights

JUNE 3, 2020

Digital life insurance startups offering easier underwriting processes for life insurance (like requiring no medical exam) are already seeing an increase in applications as customers don’t want to deal with agents or medical exams in the time of social distancing. One such company, Bestow , raised a $50M Series B in April. .

Online and Mobile Banking 75

Online and Mobile Banking Volume On-Demand Underwriting 75

PYMNTS

APRIL 30, 2018

LendingClub is considered one of the pioneers in marketplace lending — a supposedly disruptive model that wasn’t about lending money and making money the good, old-fashioned way, but about creating a tech-driven front and back end to originate loans and then making money when those loans are sold, offered to investors, traded and then serviced.

FinTech 73

FinTech Blockchain Distributed Ledger Technology (DLT) FTC 73

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. ForwardLine said it plans to deploy the capital to bolster its loan origination initiatives.

B2B 51

B2B Payment APIs and Integration Small Business Participant 51