FICO

SEPTEMBER 28, 2017

The EFL score uses psychometrics and behavioral data to measure a person’s credit risk based on an applicant’s answers to a series of interactive questions and exercises administered via an online assessment. In a previous post, I highlighted how Sovcombank is using the EFL score to bring more students into credit.

Credit Risk 74

Credit Risk Assessments Online and Mobile Banking Risk 74

FICO

MAY 7, 2018

Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry. A key driver of successful financial inclusion is the ability for lenders to effectively gauge the risk of an underserved consumer.

Financial Inclusion 77

Financial Inclusion Innovation Credit Risk Underserved 77

FICO

JANUARY 11, 2023

Top 5 Decision Management Posts of 2022: AI and Digital Jane. The promise of AI and FICO Platform dominated the top posts of 2022 in the Decision Management category. The promise of AI and FICO Platform dominated the top posts of 2022 in the Decision Management category. Here are the top 5 posts from 2022. Saxon Shirley.

AI 52

AI Posting Audit Governance 52

The Fintech Times

SEPTEMBER 19, 2024

It will provide localised digital banking services to everyone, including the underserved. I am confident that the consortium’s new virtual bank will bring fresh ideas and innovative solutions, to advance financial inclusion for underserved communities and instill diversity to Thailand’s financial landscape.”

Financial Inclusion 59

Financial Inclusion Underserved Interoperability Multi-Currency 59

Finovate

APRIL 10, 2024

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

Fintech News

JANUARY 18, 2024

Using remote sensing technologies on farmland, the bank assesses credit risk based on crop growth and various factors. This approach ensures that even farmers in remote areas can access credit. This not only boosted the accessibility of SME loans but also contributed to the bank’s growth.

APACS 122

APACS Finance Cross-Border Ubiquitous 122

FICO

MAY 22, 2019

Instead, innovative analytic firms such as FICO are investing in identifying new predictive and compliant data sources to build models that accurately assess if underserved borrowers are in a position to successfully take on a new credit obligation.

Demand Deposit Account (DDA) 68

Demand Deposit Account (DDA) Credit Risk On-Demand Deposit Account 68

FICO

DECEMBER 1, 2022

Here's an example of why we need to focus more on practical uses of Generative AI: Open banking represents a huge revolution in credit evaluation, particularly for the underserved. Generative AI can be applied practically to produce realistic, relevant transaction data for developing real-time credit risk decisioning models.

AI 98

AI Governance Government Audit 98

FICO

JUNE 5, 2023

But as more providers take steps towards extending mobile phone leasing to underserved markets, new demographics and segments with thin credit files, while offering the lasts handsets and access to high-speed services, they face a multitude of challenges. Prior to joining FICO, Matt taught economics at San Francisco State University.

Finance 52

Finance Credit Risk Risk Origination 52

FICO

MAY 19, 2023

In total, Prosper extended more than USD $225M in credit access to these consumers. Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores. You can read more about this story in the full media release.

Financial Inclusion 52

Financial Inclusion Credit Limit Financial Literacy Credit Risk 52

FICO

JULY 18, 2022

Machine Learning is simply another analytic technique; one that can help produce highly predictive credit scores which must also be explainable, with two important caveats: . The use of Machine Learning must be balanced with deep domain expertise in credit risk modeling. See all Posts. Related posts. Can Arkali.

AI 52

AI Financial Inclusion Fraud Detection CFPB 52

The Fintech Times

JULY 24, 2024

For example, variables such as screen resolution, the presence of banking apps, and the number and length of calls have all been shown to be predictive of credit risk. Opening branches and installing ATMs in remote locations and lower-income neighbourhoods can improve access to credit for the underserved residents in those areas.”

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

FICO

JULY 15, 2022

While the introduction of credit scoring technology introduced by FICO in the late 50's changed lending forever; it’s worth exploring what it takes to make a social impact today. It means the inclusion of credit markets that are less developed, where a larger part of the population is underserved. See all Posts.

Financial Inclusion 52

Financial Inclusion Underserved Consumer Innovation 52

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

The Fintech Times

FEBRUARY 19, 2024

A compliant bearer deposit token instrument would eliminate counterparty credit risk and could enable a decentralised digital identity-based pre-validation protocol to deliver low-cost automated global compliance, transparency, and privacy. ” The post What Is the Top Priority for Firms Looking To Offer Cross-Border Payments?

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

CB Insights

FEBRUARY 13, 2020

Despite its benefits, Stripe’s PayFac model also means that the company absorbs more merchant risk by serving as a master merchant account, and that it’s responsible for downside risk in the event of chargebacks and fraud. Stripe’s market opportunity. Source: Stripe.

Online and Mobile Banking 98

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

Fintech News

DECEMBER 18, 2024

We are excited by the value that Nubanks thought partnership and advice can bring to Tyme, particularly in areas like data analytics, credit risk management, product development, and marketing. Recognising the systemic gaps in retail banking, especially for underserved communities, Tyme set out to redefine what a bank could offer.

Financial Inclusion 109

Financial Inclusion Underserved Innovation Best Practices 109

Fintech News

APRIL 24, 2025

AI is also revolutionising how financial institutions reach previously underserved segments. By moving past traditional credit scoring and tapping into smarter, data-driven models, banks are not just turning unprofitable customers into profitable ones. Theyre slashing costs and expanding access.

AI 123

AI Bots Fraud Detection Money Laundering 123

The Fintech Times

DECEMBER 17, 2024

Areas such as data analytics, credit risk management, product development and marketing are key to achieving leadership in our markets. The post The Tyme is Now: From Startup to $1.5 Coen Jonker, co-founder and CEO of Tyme Group “Nubank transformed financial services in Brazil.

Financial Inclusion 59

Financial Inclusion Underserved API Credit Risk 59

The Fintech Times

MAY 15, 2025

The post Scotlands Fintech Cluster Showcases Global Ambitions at Money20/20 appeared first on The Fintech Times. Strong cluster Were delighted to showcase the FinTech Scotland Cluster at Money 20/20 and looking forward to expanding fintech growth with European partnerships,” said Nicola Anderson , CEO of FinTech Scotland.

FinTech 45

FinTech Cross-Border Payments Cross-Border Underserved 45