Fintechs have touted the importance of cashflow data in underwriting. This week, the CFPB published their evidence to support the approach.
Back in 2010 the management of Prosper took a gamble. They decided to do away with the auction model that...
Upstart has been a pioneer in leveraging artificial intelligence in underwriting. They were talking about AI before any other online...
Karen Webster of PYMNTS.com interviewed Prashant Fuloria, COO of Fundbox, about the guiding principles for using different data sets in...
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
There are more than 5,000 credit unions in the United States according to the NCUA. Most of them are small...
In this episode we talk with the CEO of Zest AI, Mike de Vere, about using artificial intelligence in underwriting and why it is now an essential tool for all lenders today.
We learned in October that the CFPB was revisiting their ability to repay provisions in the small dollar lending rule;...
Lenders today have a credit blind spot; this is because of the provision in the government stimulus package that allows...
Given LendingClub is a platform serving borrowers and investors there is a lot of transparency on what changes they are...