Lenders have long identified the need to develop better scoring models that include those with thin or no credit files, but the problem persists, Credolab’s CSO Michele Tucci said. Credolab tackles the problem using privacy-consented and permissioned data through smartphones and web pages.
Although some of the prototype design challenges could limit usage, exploration of the CBDC shows positive steps.
Nubank is developing a risk appetite for unsecured loans, while it expects to roll out payroll lending in the following quarters.
Tokenization has been set for some time to cause disruption but open finance incorporation may be key to realize its growth.
Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
Embedded lending provider, Momnt, won Fintech Nexus' 2023 PitchIt crown. Here's what swayed the judges vote.
The rapidly changing landscape of finance has translated to an excessive amount of pressure being placed on financial directors and their departments.
Although generative AI's development is a concern to some, its application to the lending sector could create even more access to credit.
Nomad, which offers dollar accounts to Brazilians, will now allow its customers to pay in installments for purchases made abroad.
Regional banks have taken a beating - fintechs' customer centric flexibility may provide an answer to their flawed system.