Finextra

JUNE 2, 2025

Even financial inclusion got a boost – lenders began using alternative data via open banking to underwrite those with thin credit files, and mobile apps brought services to those who were previously underserved. This shift turned the traditional model on its head: you own your financial data and can port it to new services at will.

Finance

The Fintech Times

JUNE 12, 2025

Launched in 2019, LoanTube is a UK-based digital credit marketplace that connects underserved borrowers with FCA-regulated lenders, offering real-rate comparisons and transparent eligibility decisions in real time. And bear in mind, we don’t create the demand, we simply make sure that this segment isn’t turned away by legitimate lenders.

Non-Bank

Fintech Weekly

JULY 15, 2025

Subscribe to FinTech Weekly's newsletter Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more The Subtle Complexity of Building Fintech for the Underserved For more than a decade, "small business empowerment" has been a rallying cry in fintech. Featuring Anchit Singh. Discover top fintech news and events!

Small Business

The Fintech Times

JUNE 30, 2025

AI, automation, and embedded insurance are just some of the technologies driving change in everything from underwriting and claims to customer engagement, leading many industry firms and leaders to rethink their approach. “For technology preparation, firms should prioritise business problems and efficiency gains. .”

Payment APIs and Integration

PYMNTS

OCTOBER 19, 2020

Ken So , founder and CEO of Flowcast , told PYMNTS that today’s $3 trillion worldwide SMB “credit gap” is narrowing because the criteria to secure loans are changing, and increasingly, embracing alternative data sources. “So, there’s this higher demand for working capital to fulfill the cash-flow needs along that whole supply chain,” So said.

AI

FICO

MARCH 25, 2020

The introduction of the score has enabled Home Credit to underwrite and evaluate new clients with a thin file more objectively. This has been a big focus for the business in response to strong market demand for consumer loans in China. “By

Risk

PYMNTS

DECEMBER 28, 2020

A rapidly changing world, he said, meant changes for MercadoLibre as well, particularly in its underwriting business MercadoCrédito. Because, as the pandemic kicked off, they saw the demand for credit from both consumers and businesses rising along with it, and responded a bit differently than other players in the market.

Underwriting

PYMNTS

NOVEMBER 3, 2020

At a high level, according to the filing , “With China’s economy shifting towards domestic consumption and the growth of small businesses, the financial services needs of consumers and small businesses have expanded considerably and demand for credit, investment and insurance products is projected to increase substantially.

NOV

FICO

NOVEMBER 29, 2018

Specifically, the underserved businesses such as startups, those run by minorities and veterans, and businesses in rural areas which is now a focus area of growth for the SBA according to McMahon. Small business lending was strong in 2018 and pro small business growth policies have been conducive to that growth. Or visit our website.

Small Business

The Payments Association

MAY 9, 2025

However, smaller firms often struggle to qualify due to tight underwriting standards. Initiatives targeting underserved groups, such as women-led businesses or those outside the South East, will ensure that financial access supports broad-based economic growth. Representing 99.9% trillion in annual turnover (BEIS, 2022).

Finance

Fintech News

FEBRUARY 27, 2024

Rapid digitalisation, a young internet-savvy population, and underserved markets make the region ripe for fintech disruption. The fintech industry in the Asia Pacific region is booming, with several high-growth companies potentially eyeing an initial public offering (IPO) as early as 2024. Despite global fintech funding nosediving to US$39.2

FinTech

Fintech Finance

MARCH 21, 2024

The service will help meet the growing demand for affordable credit among the large cohort of UK consumers excluded from mainstream lending products, allowing Pockit’s customers to better manage their cash flow without turning to unlicensed and high-cost short-term lenders. The service costs a flat £4.99

Product

PYMNTS

SEPTEMBER 20, 2018

Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. 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

PYMNTS

AUGUST 7, 2019

They’re factors that showcase the importance of the traditional banking sector at a time when the burden to digitize, modernize and step up to rising customer demands has many criticizing the role of the traditional bank. The jury is still out on the future of opening banking in the U.S. market is not like others across the globe.

Office of the Comptroller of the Currency

The Fintech Times

AUGUST 15, 2024

Partnerships Arch Insurance, a global specialty insurer, has partnered with digital risk processing platform Cytora to further digitise its risk intake and streamline underwriting workflows. The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 15 August 2024.

FinTech

PYMNTS

JUNE 12, 2018

Now, the tech-driven underwriting models that promised to assess risk more accurately, and extend credit more efficiently, may be confirmation that traditional risk and lending business models may have more going for them than their new, FinTech challengers once thought. ” Will those securities pay? ” Will those securities pay?

Underwriting

PYMNTS

SEPTEMBER 25, 2019

They can’t secure underwriting because their financial file reveals no credit history, and they can’t establish any credit history because no one wants to underwrite them. We see this used by lenders who want to provide underwriting services for this segment that FICO is not very descriptive about.”.

Underwriting

PYMNTS

JUNE 11, 2019

“Consumer banking has become very commoditized, but small businesses are still very underserved.” In the case of faster payments, for instance, demand among small businesses “is not going to be 100 percent,” said Garrabrants. More) Disruption Ahead. Open Banking will be a force in U.S.

Office of the Comptroller of the Currency

PYMNTS

FEBRUARY 16, 2018

This was born out of seeing what it takes to underwrite a small business and understanding the opportunity of additional information sources,” he said. When it comes to credit underwriting, data collection will make things more efficient — document collection will be more efficient, for example.”. This is about augmentation,” he said.

Underwriting

CB Insights

FEBRUARY 13, 2020

‘PayFac’ technology simplifies underwriting and onboarding. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. ‘PayFac’ technology simplifies underwriting and onboarding merchants. PayPal and Square emerge as leaders in the payments space.

Online and Mobile Banking

PYMNTS

JUNE 15, 2018

FreightWaves has developed an analytics platform and freight futures market to link industry players with supply and demand indicators. From warehouse robots to R&D analytics, the B2B startups covered in this week’s VC Investment roundup scored close to $200 million from investors. that topped the week with a $60 million investment.

Cybersecurity

CB Insights

DECEMBER 5, 2017

These include wireless home monitoring startup Notion (XL Innovate, Liberty Mutual Strategic Ventures), on-demand homeshare insurance startup Slice Labs (XL Innovate, Munich Re/HSB Ventures), virtual auto claims operations firm Snapsheet (USAA, Liberty Mutual), and contract-related insurance startup Bunker (American Family Ventures, Hiscox).

Underwriting

CB Insights

JULY 16, 2017

These investments include on-demand personal item insurance startup Trov , small commercial insurance startup Next Insurance , homeshare insurance provider Slice Labs , and P2P niche insurance broker Bought By Many. USAA has slowed down its activity significantly, investing in just 5 new companies since the start of 2016.

Underwriting

CB Insights

JUNE 17, 2020

Finance: Demand for contactless options accelerates digital adoption. Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. Online grocery. Enhanced e-commerce.

Posting

Lending Front

JULY 14, 2021

Although white-owned small businesses were facing low customer demand as a result of strict stay-at-home orders, minority-owned small businesses were failing for a different reason: nobody was lending to them. Because of this decision, the awarded funds can translate to more than $10B in the accounts of underserved small businesses.

Small Business

Lending Front

JUNE 29, 2021

Over the past year, the mission driving all CDFIs—delivering loans to small businesses in low-income, underserved communities—has become a topic of national interest, aligning with the priorities of the American government as it tries to rebuild our economy. On June 15, 2021, Vice President Kamala Harris and Treasury Secretary Janet L.

Small Business

PYMNTS

NOVEMBER 7, 2017

However, Tavares said the landscape is shifting, as LendingPoint and other alternative credit products lend their ears — and their money — to underserved populations. Tavares said that those lenders’ stubbornness has changed the marketplace in its own way, though, causing alternatives like LendingPoint to form in answer to consumer demand.

Use Case

PYMNTS

MARCH 7, 2016

Yes, the sobering reality of having to really make money has become an unwelcome wake-up call for those who masked the real value of their business with the never-ending piles of VC cash that just kept underwriting losses and kicked the revenue can way down the road. Other than that, it sounds like a great strategy.

Online and Mobile Banking

Fintech Review

NOVEMBER 12, 2024

By joining forces, they can combine their strengths to improve financial services and reach underserved populations. Banks and fintechs working together can create products that comply with regulatory demands while meeting diverse customer needs. Regulatory pressures also encourage these partnerships.

FinTech