In this episode we talk with the CEO of Zest AI, Mike de Vere, about using artificial intelligence in underwriting and why it is now an essential tool for all lenders today.
Upstart has been a pioneer in leveraging artificial intelligence in underwriting. They were talking about AI before any other online...
We learned in October that the CFPB was revisiting their ability to repay provisions in the small dollar lending rule;...
In early 2018 we learned that more than 80% of borrowers taking up loans with Goldman Sachs’ Marcus had FICO...
[Editor’s Note: Today we have something a bit different. Rather than discussing p2p lending from an investor perspective this article is...
Yesterday morning a subcommittee of the House Committee on Small Business conducted a hearing into the small business lending environment....
I have complained many times over the last two years that the historical loan data on Prosper was far too...
Given LendingClub is a platform serving borrowers and investors there is a lot of transparency on what changes they are...
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
Lenders today have a credit blind spot; this is because of the provision in the government stimulus package that allows...