Today Upstart announced a new offering called Credit Decision API; Upstart has already offered a white label solution for banks...
In early 2018 we learned that more than 80% of borrowers taking up loans with Goldman Sachs’ Marcus had FICO...
The average American checks their phone 47 times a day according to this study by Deloitte. The number is much...
I was in San Francisco last week visiting Lending Club and Prosper. So I took the opportunity to sit down...
Given LendingClub is a platform serving borrowers and investors there is a lot of transparency on what changes they are...
People who applied for the Apple Card and have been declined will be able to enroll in a new program...
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
In a move that was not unexpected Prosper announced today that it will no longer update its loan data on a daily basis. Data...
David Lin, Head of Credit at PayU gives his take on expanding credit and how this looks in practice with their investment in Kreditech. Source
I have noticed more talk about AI-based credit underwriting over the last few months than ever before. There are very...