Remove Credit Risk Remove Participant Remove Underwriting
article thumbnail

This Week in Fintech: TFT Bi-Weekly News Roundup 26/06

The Fintech Times

Frith joins from Relm Insurance and brings over a decade of experience in underwriting and broking, including several crypto insurance firsts. He will focus on developing bespoke cover for digital infrastructure risks, from bitcoin mining to AI data centres.

article thumbnail

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.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Lendbuzz FinTech Raises $150M In Debt And Equity Financing

PYMNTS

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors. The debt funding was led by BHI, ConnectOne Bank, IDB Bank, Viola Credit and a large insurance company.

article thumbnail

Can Alternative Data Move The Dial For Financial Inclusion?

PYMNTS

In some instances, this helps them offer consumers new credit opportunities, and in other cases it might illuminate risk,” noted Paul DeSaulniers, Experian’s senior director of Risk Scoring and Trended/Alternative Data and Attributes. Consumers, notably, believe they will do better in an underwriting context. What’s Next.

article thumbnail

FICO Fact: Can having no credit score be better for consumers than a low credit score?

FICO

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.

article thumbnail

102 companies automating loan origination for digital lenders

CB Insights

As digital lending services continue to gain traction, lenders are prioritizing technology solutions for automated underwriting, fraud prevention, loan application, and credit risk analysis. The purpose of the analysis is to provide technology buyers with an overview of the technology landscape and its market participants.

article thumbnail

Cards, Trade Credit Tech Bridge The Buyer-Supplier Gap

PYMNTS

Offering sales to corporate customers on trade credit is an important component of B2B trade. But in the legal cannabis space, a lack of digital payments adoption and bank participation has left marijuana vendors unable to offer trade credit to their retail customers.