FICO
APRIL 9, 2019
Along with this comes expectations of better experiences, on-demand access and deeper insights. The good news is that consumer-permissioned data is providing the industry a platform for further innovation. Consumers can now permission their demand deposit account (DDA) data for inclusion into the UltraFICO TM Score.
FICO
MAY 22, 2019
While FICO has been the leader in developing innovative ways to incorporate new and regulatory compliant alternative data into credit scores, there are still barriers to fully unlocking the potential of alternative data. Due to the confusion around this issue, it’s important to be clear about what constitutes alternative data. In the U.S.,
PYMNTS
OCTOBER 3, 2017
Shapiro told PYMNTS that payments innovation can boost the operating efficiencies of companies of all types, emphasizing traditional verticals such as property management and education. Firms in those industires can look to faster ACH payment options as a cost-effective and customer satisfying alternative to card payments.
FICO
NOVEMBER 2, 2018
As volumes of account-to-account consumer payment transactions grow — such as person-to-person (P2P) transfers made via Zelle, which is forecast to take over Venmo in 2018 — so does the opportunity for fraudsters to exploit demand deposit accounts (DDA).
PYMNTS
DECEMBER 2, 2019
In the face of such funding, it has become difficult for the ecosystem at large to separate tech innovators from those that are but a next-generation façade of a traditional business model. There’s a continuous need, too, for tech innovators to find distribution. That’s been at the heart of this WeWork question,” he said.
FICO
APRIL 21, 2023
Allowing customers to easily move between financial institutions should drive competition and innovation at established organizations while breaking down barriers of entry for new market participants. A: Some of my banking partners might not agree, but I think, from a consumer perspective anyway, this type of rule is long overdue.
PYMNTS
MAY 10, 2016
Just a few months ago at PYMNTS’ Innovation Project 2016 , PayPal CEO Dan Schulman told Karen Webster that “financial inclusion is really about financial health.”. Acquiring that financial health means financial institutions are able to not only know, but accurately identify, their customers.
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