Last week there was a call from 40 consumer advocacy groups that facial recognition technology should be banned, starting with...
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 discusses some of the marketplace lending industry's new expectations following a challenging year in 2016 that resulted in decreased confidence in the alternative investments; suggests that the investment and banking communities will increase their focus on platform profitability which has been overlooked given significant growth rates in top-line revenue; notes industry self-regulation from multiple viewpoints including six new industry associations created in the past year; emphasizes the importance of a disciplined approach for data and risk management; reports overall that change within the industry could be good for a number of reasons. Sponsored Blog Post
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
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
When we really started covering financial inclusion and financial health here at LendIt five years ago it seemed that we...
Monzo has become the first bank to offers its customers a free credit score service; starting in March the UK...
In the biggest webinar of the new year, three credit experts went live Thursday in front of the LendIt audience to talk about the future of AI analytics in credit.
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
Good news for people with little of no credit history; Experian will begin taking cellphone and utility payments into consideration...