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
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
The ranks of thin file consumers continues to grow in this country. According to Experian these consumers now number 25% of...
Credit bureaus in the US have become integrated with fintech companies in different ways; Forbes talks with Alex Lintner about Experian's business initiatives and the solutions the company is providing for the fintech industry; Alex says the company is focused on digital technology solutions for credit data that help improve the loan application for consumers; Lintner also notes the availability of full file reporting which can meet the growing demand for alternative credit underwriting and the company's development of APIs for startup businesses. Source
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.
Monzo has become the first bank to offers its customers a free credit score service; starting in March the UK...
According to a recent Experian report, more than 70% of businesses say preventing fraud is their top concern.
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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.