VantageScore unveiled a new credit-scoring model that uses both traditional credit data and alternative open banking data. The combination gives lenders a predictive lift of up to 10% compared to the VantageScore 4.0 credit score, which itself gives an 8% lift over conventional scoring models, the company said in...
Once card holders are made aware of how they can earn rewards by using their credit and debit cards to pay for goods and services, most are hooked. That’s according to the PYMNTS Intelligence report “Card-Linked Offer Growth Hinges on First-Time Users,” which was based on surveys with more...
This week, Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) called on U.S. financial institutions (FIs) to take steps to serve newly arrived immigrants before they can slip into the ranks of the country’s unbanked. “The OCC encourages...
Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast Asia, the company said in a Tuesday (April 9) press release. Empower provides alternative credit underwriting and financial products for underserved...
May 07, 2024
Once card holders are made aware of how they can earn rewards by using their credit and debit cards to pay for goods and services, most are hooked. That’s according to the PYMNTS Intelligence report “Card-Linked Offer Growth Hinges on First-Time Users,” which was based on surveys with more than 2,100 consumers. It also found that after using card-linked offers, […]
March 29, 2024
Last year, banks shuttered 2,300 branches. The move should come as no surprise, given the fact that banks, like any other business, have been examining their cost structures. At the...
March 29, 2024
Jacqueline White, president of i2c, told PYMNTS in an interview that financial services have undergone a seismic shift in recent years. When the pandemic hit, banks of all sizes were already...
March 25, 2024
According to NCR Voyix Chief Product Officer of Digital Banking Doug Brown, the post-pandemic years have ushered in the age of digitally connective, and interactive, banking. Consumers may have been banking...
May 15, 2024
Block-owned TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to power cross-border payments and decentralized identity use cases, the companies said in a Tuesday (May 14) press release. “Across Africa, the challenges of currency liquidity and access to global financial systems […]
May 15, 2024
VantageScore unveiled a new credit-scoring model that uses both traditional credit data and alternative open banking data. The combination gives lenders a predictive lift of up to 10% compared to the...
April 09, 2024
Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast Asia, the company said in...
April 02, 2024
Intuit launched a financial literacy program that provides U.S. high school educators with resources to teach their students about personal and entrepreneurial finance. The new Intuit for Education program covers budgeting, saving, managing...
