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Tag: alternative data

Chilean Fintech Kredito closes $6 million debt funding round

Kredito announced the closing of a $6 million financing round led by Grupo Penta. The Chilean fintech company provides lines of credit, equity...

Financial institutions must pivot to engage and attract Gen Z customers

The following is a guest post by Andy Newman, VP of Business Development Wildfire Systems. How can banks plan for the customer of the...

Kenya’s DeltaPay taps Provenir for data and risk decisioning platform

Kenya-based fintech DeltaPay has tapped Provenir for its AI-powered data and risk decisioning platform as it looks to scale its buy now, pay later...

How AI revamps financial services and the banking experiences

We witness more and more artificial intelligence applications in financial services in the post-pandemic era. With the help of artificial intelligence, the banking and...

Underwriting with alternative and cash flow data

For consumers and small businesses, access to affordable credit plays a crucial role in bridging the gap between short-term cash inflows and outflows as...

Research: Alt lending model outperforms credit score on opening up lending

An academic paper studying anonymized administrative data from fintech lender Upstart Network found its alternative credit-decisioning model could widen the pool of potential borrowers...

Lenders use alternative data to expand auto books

Auto lenders in the first quarter leveraged TransUnion’s alternative data and underwriting models to expand their lending pools as the market continues to navigate...

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