The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need...
Main Street may be the soul of America, but its businesses find themselves increasingly embattled. That’s because small and medium-sized business (SMBs) looking for credit...
Aleph, a global enabler of digital advertising, has launched Aleph Payments, a dedicated unit aimed at simplifying cross-border payments and credit underwriting. This move comes as...
Enigma and Noble have partnered to help lenders make underwriting decisions about businesses. The collaboration brings together Enigma’s intelligence about the financial health and identity...
Credit report company Equifax is extending its partnership with the Small Business Financial Exchange (SBFE), the firm said in a press release Thursday (Feb. 28)....
Moody’s Analytics is rolling out a new solution to help lenders underwrite small business borrowers. The company announced Wednesday (June 27) that it is launching...
Business intelligence company Creditsafe is enhancing its credit information database with a focus on business financial data, the company announced Tuesday (May 15). The company...
Banks in the United Kingdom are dialing back their credit underwriting and other extensions of unsecured debt as concerns are mounting that rising household debt...