Big Data in Lending has Ability to Confirm Biases and Extend Credit to Weaker Borrowers
After the financial crisis banks pulled back from lending to anyone they deemed a potential risk; this helped spur many of the fintech lenders ...
Customer journey of trying to get a loan and how it could be improved
Writing in a blog post on lendit.com Charles Earle, Business Development Director at Equiniti discussed the issue he had in trying to increase credit limit ...
Fighting Financial Crime Without Excluding the Underbanked
The founder and CEO of IBM’s Promontory Financial Group, Eugene Ludwig, said artificial intelligence, already employed to help identify potential anti-money-laundering activity, is getting smarter, ...
New Study Shows Digital Footprint Can Predict Default Rates
A new study from the Federal Deposit Insurance Corp.’s Center for Financial Research shows that digital footprints can help predict default rates; the paper ...
Forbes Reports on Credit Scoring in China
Alibaba’s Hua Bei is expanding its mini loan business as the e-commerce platform continues to grow; it is just one of China’s many online lenders ...
Using AI in Credit Scoring
Lending Times reports on the evolving uses of artificial intelligence in credit scoring; discusses the long term prospects for the technology; notes how the technology ...
Managing Credit Models in an Online Marketplace
Understanding the credit models of lenders is a key determination for investors ...
Alternative Data and Consumer Privacy
Bloomberg BNA reports on consumer privacy considerations for online lenders using alternative credit scoring data; as alternative data usage expands, the authors question the sources ...
Data Aggregation Services Providing for Enhanced Credit Underwriting Models
Data aggregators of all types are gaining more traction and investment; Finicity is one example with investment from Experian; Nick Thomas of Finicity characterizes the ...
Video: The Consumerization of Credit
Originators of all stripes are using machines in the underwriting process. Understanding the capabilities and how best to underwrite in a more automated ...