The Payments Association

MARCH 18, 2025

Consider alternative credit scoring: in underbanked markets, open data allows lenders to assess creditworthiness using mobile payments, utility bills, and telecom data. For payments providers, this blurs the line between transaction services and credit enablement, with implications for product strategy and partnerships.

Finance

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. Innovation quickened as data silos fell, and consumers benefited from personalized, convenient tools built on aggregated data.

Finance

Stax

DECEMBER 20, 2023

The first step is to find a partner that can provide the right payment technologies and services to your customers. From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. What Is Merchant Underwriting?

Underwriting

PYMNTS

APRIL 17, 2020

The framework’s payments initiation capabilities offer accounting solutions to expand their capabilities beyond number-crunching, particularly in areas like payments and accounts receivable (AR). But it’s not the only use-case for open banking.

Innovation

PYMNTS

NOVEMBER 24, 2020

Together, the companies are helping banks across the region access small business data and facilitate data integrations with FinTechs, with a focus on enhanced small business loan underwriting.

Payment APIs and Integration

PYMNTS

NOVEMBER 10, 2020

The second, indirect way is through the ability for financiers to use that same data to underwrite loans, a particularly valuable impact for SMBs in need of affordable capital. Together, these two use cases for open banking can be applied broadly with solutions surrounding ERPs, expense management, invoice financing and more.

Use Case

M2P Fintech

MARCH 28, 2024

Credit Underwriting Credit Underwriting is the process by which a lender (such as a bank, credit union, or fintech company) assesses the creditworthiness of a borrower before granting them a loan or line of credit. Core Banking Solutions (CBS) CBS is a centralized software application that acts as the digital backbone of a bank.

FinTech