Experian has announced the launch of Experian Boost, a free online platform that allows consumers to potentially boost their credit scores in an instant. Through the platform, consumers can allow Experian Boost to connect to their online bank accounts to access utility and telecommunications payments....
While underbanked and unbanked customers in the developed world exist — and face a myriad of difficulties in securing access to financial products — the situation in developing world economies in regards to the unbanked and-underbanked population is a good deal more complicated. One, because...
These days, it is fair to say that data makes the world go ’round. Every day, 2.5 quintillion bytes of raw data are produced worldwide, and harnessing the power of that data has built better transportation systems, real estate markets, retail experiences, payment options, banking interactions...
In lending, as in everything, there is risk, and there is reward. Technology has its lures for firms seeking to gain an edge in determining risk and reward. AI and machine learning, in general, are supposed to help uncover untapped opportunities. To that end, FinTechs...
Despite being home to Africa’s biggest mobile phone market, Nigeria is seeing a decline in banked adults in the country. According to a report in Bloomberg, financial inclusion in the African country has declined close to 4 percentage points from 2014 to 2017, now standing...
Ken Chenault, the former head of American Express, is throwing his weight behind a startup that gives credit scores to immigrants who have a hard time renting an apartment and getting other services when they land in the U.S. According to a report in the...
Welcome to the middle class! Congratulations, you made it! Good luck getting approved for a credit card with that low or nonexistent credit score, though. Traditional lenders may not use this exact phrasing, but the sentiment might as well be on the cover of the...
For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card...
Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.” According to Reuters, Britain’s Financial Conduct Authority (FCA) announced the plans for a global testing bed for new financial technology apps. “Later this week we start work with...