credit risk

Credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments. In the first resort, the risk is that of the lender and includes lost principal and interest, disruption to cash flows, and increased collection costs. The loss may be complete or partial.

Source: en.wikipedia.org

Rich Data Co to Accelerate Expansion of AI Decisioning Platform
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Australian company Rich Data Co (RDC) has secured an additional AU$9 million (about $5.9 million) in funding to accelerate the expansion of its artificial intelligence...

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How Cash Flow Insights Are Building Tomorrow’s Credit Products
How Cash Flow Insights Are Building Tomorrow’s Credit Products
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The lending landscape is undergoing a system-level shift that promises to benefit both borrowers and lenders. FinTech innovations, and an evolving mindset within the industry,...

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It’s said that change is the only constant in business, but that doesn’t mean firms need to consistently adapt to every new trend. This is...

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July 06, 2021  |  credit frictions

“How much cash you have and how you use your cash is really an important data point that can be used to assess someone’s creditworthiness.”...

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Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests
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The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to...

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It’s been a while since cash was king here in the U.S., but in other parts of the world, such as South America, paper money...

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June 08, 2021  |  Economy

The pandemic is ebbing, and the U.S. economy is — in lumpy fashion, to be sure — reigniting. That means forbearance programs are due for...

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OppFi CEO Says Behavioral Analytics Unearth Credit Gems Other Methods Miss
OppFi CEO Says Behavioral Analytics Unearth Credit Gems Other Methods Miss
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Fraud hit record highs over the past year amid unprecedented digital engagement, with each online interaction giving bad actors an opportunity to impersonate legitimate customers...

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FinTech Jeff Aims To Boost Lending To The Underbanked In South Asia
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January 06, 2021  |  Loans

With no credit scores, limited financial transaction histories, and a huge amount of people who don’t even have a bank account, lending money in Vietnam...

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