Lenders gravitate towards using artificial intelligence (AI), so they must be dedicated to removing biases from their models. Luckily there are tools to help them maximize returns and minimize risks.
The drive to find no-interest credit options during an economic downtown greatly accelerated Buy Now, Pay Later (BNPL) adoption in the U.S. in 2022.
The use of buy now, pay later (BNPL) services has exploded over the past few years, and only now are we beginning to learn the impact of that boom.
Several factors are contributing to rising rates of BNPL fraud, Sift's trust and safety architect Brittany Allen said. Through its end-to-end Digital Trust and Safety Platform, Sift helps clients proactively stop fraud at crucial transaction points while fuelling growth.
BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
Nubank accelerates its Mexican expansion with personal loans, tapping into the country's promising growth prospects.
Between the Public Service Loan Forgiveness deadline and the end of the student loan payment moratorium, borrowers are flocking to Candidly.
Fintechs have touted the importance of cashflow data in underwriting. This week, the CFPB published their evidence to support the approach.
Cion Digital's new Advisor Lending Platform connects wealth professionals and firms with lenders in a more efficient process than was previously available. They also now offer their product suite to a more significant portion of the financial services and retail sectors.
We asked the CEOs of several consumer lending fintech leaders three questions about what is in store for 2024.