Experian will integrate BioCatch with its fraud prevention platform; the new platform services will use behavioral biometrics to help clients detect fraudulent credit card and loan applications; with BioCatch clients can consider a range of factors including the speed at which information is entered and how familiar a user is with the application process. Source
In the biggest webinar of the new year, three credit experts went live Thursday in front of the LendIt audience to talk about the future of AI analytics in credit.
Good news for people with little of no credit history; Experian will begin taking cellphone and utility payments into consideration...
Last week there was a call from 40 consumer advocacy groups that facial recognition technology should be banned, starting with...
The ranks of thin file consumers continues to grow in this country. According to Experian these consumers now number 25% of...
According to a recent Experian report, more than 70% of businesses say preventing fraud is their top concern.
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Experian’s Clear Early Risk Score is the first product released since their acquisition of Clarity Services. Source
Experian discusses some of the marketplace lending industry's new expectations following a challenging year in 2016 that resulted in decreased confidence in the alternative investments; suggests that the investment and banking communities will increase their focus on platform profitability which has been overlooked given significant growth rates in top-line revenue; notes industry self-regulation from multiple viewpoints including six new industry associations created in the past year; emphasizes the importance of a disciplined approach for data and risk management; reports overall that change within the industry could be good for a number of reasons. Sponsored Blog Post
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·Mike Cagney is the Co-Founder and CEO of Figure, a full stack financial services blockchain company with consumer offerings in market or on the way in lending, banking and more. In late-2019, Figure raised $103 million at a $1.2 billion valuation and continues to grow.
Prior to starting Figure, Mike co-founded and ran SoFi, one of the most successful consumer fintech companies ever.
In this conversation, we discuss Figure’s routes to asset origination and capital markets disruption, Figure’s previously unannounced consumer banking and payments offering, lessons learned building and scaling multiple billion dollar companies and more.
Monzo has become the first bank to offers its customers a free credit score service; starting in March the UK...