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Secure, Standardized Data Sharing Empowers Consumers & Promotes Innovation

FICO

Consumers can now permission their demand deposit account (DDA) data for inclusion into the UltraFICO TM Score. This has been a priority for all participants in the process. Historically, banks and lenders were the primary credit reporting institutions, now consumers are being brought into the process.

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Why Credit Isn’t Working For Financial Inclusion

PYMNTS

may be unable to participate in the banking system and all it has to offer. Johnny Ayers, co-founder and SVP of Business Development for Socure , argues that being able to have a traditional savings account or demand deposit account (DDA) is a basic financial right that should be afforded to all.

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Trending Sources

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Leveraging DDA Data in Consumer Lending to Stay Competitive

FICO

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. This in turn should increase financial inclusion and lending opportunities for credit challenged customers.

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What’s Trending So Far In 2016

PYMNTS

may be unable to participate in the banking system and all it has to offer. Johnny Ayers, cofounder and SVP of business development for Socure, argues that being able to have a traditional savings account or demand deposit account (DDA) is a basic financial right that should be afforded to all.