Last week there was a call from 40 consumer advocacy groups that facial recognition technology should be banned, starting with...
dv01 and Experian have announced a data partnership that will increase transparency for institutional investors; the collaboration will bring new data to dv01's platform allowing for broader risk analysis of marketplace loans and bonds; dv01's clients include leading hedge funds, banks and asset managers; the data enhancement will specifically provide for better analysis of origination trends, loan performance and borrower attributes. Source
Experian has partnered with Finicity to launch Digital Verification Solutions, a service that leverages Finicity's technology to connect with financial institutions for verifying income and assets; Experian is the first credit bureau to offer this type of solution; in addition to offering an enhanced service, the solution is also intended to help lenders broaden their credit underwriting for thin file borrowers; Finicity is also working with other lenders to help improve verification processes and shorten the end-to-end processing time for lending. Source
Experian is the most recent company to join the Marketplace Lending Association; credit reporting agency Experian has become actively integrated in the marketplace lending ecosystem and is committed to supporting transparent and responsible financial innovation for the marketplace lending industry; Experian's expertise in data and analytics will greatly support the goals of the Marketplace Lending Association. Source
The ranks of thin file consumers continues to grow in this country. According to Experian these consumers now number 25% of...
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.
Good news for people with little of no credit history; Experian will begin taking cellphone and utility payments into consideration...
Synthetic identity fraud has been on the rise for many years. As fraudsters become ever more sophisticated it is becoming...
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
Experian just acquired credit reporting fintech ClearScore for $385mn; this follows the mortgage brokerage deal they did with London & Country Mortgages back in December; Experian is looking to expand their offerings and brand through the deals; this is part of a wider trend in fintech as more incumbent players have seen the value fintech startups have brought to market. Source