Indian banks are working with fintech startups to develop technology similar to what is used in markets like Africa and China; the banks hope to use social data and online shopping habits to underwrite borrowers; FICO recently began to offer credit scores in India using alternative data and there are many startups working on similar efforts. Source
One of the challenges that has plagued consumer lenders over the years is that when times get difficult some consumers...
Consumer awareness of their financial health has never been higher; whether planning to buy a home, car or finance an...
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[Editor’s note: This is a guest post from Avant. Avant is a platinum sponsor and will be in attendance at LendIt...
Earlier this month FICO announced changes to how they will be calculating credit scores when they release their new scoring...
This week saw my first face-to-face meeting with Prosper management in several months and there was a lot to talk...
We did something new this year at LendIt USA 2015. We hosted a series of pre-conference workshops that went into...
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[Editor’s note: This is a guest post from John Birge, Chief Credit Officer of Credibility Capital. Previously he spent 14...
Credit scoring company FICO is starting to make some changes to how they view consumers with rising debt and those...
Scott Zoldi, chief analytics officer at FICO, discusses innovation in credit data, credit scoring and fraud protection; FICO has been using artificial intelligence for decades and the firm has over 130 patents; Scott has experience in theoretical physics and joined FICO in 1999 to focus on the use and development of data with a specific interest in machine learning; Scott talks about the company's standard credit scoring services and also the innovative solutions FICO has developed including the FICO XD score for financial inclusion and their fraud solution product, Falcon. Source