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. 25% median Gini for its credit risk models across geographies and segments. EFL has seen a circa.

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

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

PYMNTS

MARCH 10, 2020

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

Risk Assessment 52

Risk Assessment Assessments Risk Underwriting 52

FICO

JANUARY 4, 2018

“By contrast, growth in student loan debts outpaced inflation, being both greater in number as well as balances; this undoubtedly creates a drag on capacity for other forms of consumer credit.”. A New Way to Score Credit Risk – Psychometric Assessments. Using Alternative Data in Credit Risk Modelling.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

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

PYMNTS

JULY 16, 2019

“We developed a unique underwriting platform based on alternative data points to evaluate credit risk. Lendbuzz is addressing a large and underserved market, has innovative technological underwriting capabilities and unique customer acquisition strategy that supports their high growth.”.

Finance 49

Finance FinTech Underwriting Credit Risk 49

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

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 Consumer 68

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 specializes in helping underserved prime borrowers and mass affluent investors in China by matching those borrowers with investors willing to loan them money.

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

PYMNTS

JANUARY 25, 2019

” In another statement, Moody’s Analytics Director of Product Management Ed Oetinger said the partnership with CapX will help the firm expand into an underserved segment of the market. . “We have not been able to find a comparable tool that incorporates both tradeline and financial statement data.”

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

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.

Finance 52

Finance Credit Risk Risk Origination 52

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 Government Governance Audit 98

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. ML does not create new data.

AI 52

AI Financial Inclusion Fraud Detection CFPB 52

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 Embedded Finance Assessments 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 Online and Mobile Banking Micro-Entry Financial Inclusion 59

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

M2P Fintech

MARCH 25, 2025

They will integrate seamlessly with ULI through standardized APIs, enhancing risk management by leveraging comprehensive borrower data. This integration will help reduce operational costs, making credit more accessible to underserved populations and aligning with ULI’s goal of financial inclusion.

Payment APIs and Integration 52

Payment APIs and Integration Verification Small Business Use Case 52

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. No, it's not.

Financial Inclusion 52

Financial Inclusion Underserved Consumer Innovation 52

PYMNTS

JANUARY 11, 2018

The medical arena – including elective procedures like laser hair removal, dental, orthodontics and equipment, such as wheelchairs, Burnside noted – is a massive market that is largely underserved. Just one of Loan Hero’s medical equipment-focused practices, Burnside noted, pushes through $500 million in financing a year alone.

Consumer 43

Consumer Underwriting Risk Management Underserved 43

PYMNTS

SEPTEMBER 25, 2019

What those consumers — and the businesses that could potentially be serving them — need is a way to evaluate their actual risk level in the absence of the standard data that informs a traditional FICO score. Luckily, he noted, just such a font of data happens to exist for almost every member of that cohort.

Underwriting 49

Underwriting Credit Cards Underserved Risk 49

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. BIS Aurum) and interoperability solutions (e.g, Deutsche Bundesbank Trigger Solution).

Cross-Border Payments 69

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

PYMNTS

AUGUST 8, 2017

When news of the financial crisis broke in 2008 and big banks all over the world were eschewing consumer and small business credit markets, Batine and Dunaev saw an opportunity — one that was particularly pressing in developing nations, an area of the world that was below the big banks’ radars.

Small Business 42

Small Business Finance FinTech Underserved 42

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

FICO

JANUARY 11, 2023

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 52

AI Posting Audit Government 52

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

The Fintech Times

MAY 15, 2025

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

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. Coen Jonker, co-founder and CEO of Tyme Group “Nubank transformed financial services in Brazil. We are excited by the value that Nubank’s thought partnership and advice can bring to Tyme.

Financial Inclusion 59

Financial Inclusion Underserved API Credit Risk 59

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 122

AI Bots Fraud Detection Money Laundering 122

M2P Fintech

APRIL 29, 2025

Microfinance institutions (MFIs) play a crucial role in driving financial inclusion by providing a suite of financial services tailored specifically for the underserved and unbanked populations in remote and rural areas. Case Study A prominent player in the banking domain, provides microfinance and small loans to underserved communities.

Technology 52

Technology Assessments Risk Assessment Compliance 52