Last week a tragedy occurred in San Bernardino, California. Since that time the media have been covering the story from...
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 early 2018 we learned that more than 80% of borrowers taking up loans with Goldman Sachs’ Marcus had FICO...
The New York Department of Financial Services is allowing life insurers to use nontraditional data in order to determine premium...
Karen Webster of PYMNTS.com interviewed Prashant Fuloria, COO of Fundbox, about the guiding principles for using different data sets in...
The average American checks their phone 47 times a day according to this study by Deloitte. The number is much...
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
We learned in October that the CFPB was revisiting their ability to repay provisions in the small dollar lending rule;...
Douglas Merrill, the CEO of ZestFinance, writes in Forbes that more data for making an underwriting decision is usually better;...
Elizabeth Warren and Doug Jones are asking regulators to take a closer look at the tools that fintechs are using...