Collection Industry News

OCTOBER 5, 2021

Whilst the new payment method originally took off in Europe, it has slowly sept into the US market as startups, like Affirm , have gone public and found success, and Square , the San Francisco based financial services and digital payments company, bought Australia’s Afterpay in $29billion deal, to benefit off BNPL’s growth.

Credit Card Debt 52

Credit Card Debt Loans Startups Acquisition 52

Fico Collections

JUNE 21, 2022

Read about Home Credit and its successful loan pricing optimization project. Nikhil has over 15 years of e-commerce and technology experience and has worked at large established tech companies such as Hewlett Packard as well as numerous Silicon Valley startups. Loan Pricing Optimization: Secrets of Success. ?eská See all Posts.

Retail 52

Retail Trade Banks Startups 52

Fico Collections

MAY 19, 2023

A Commitment to Education To provide further transparency and help customers gain a better understanding of their financial health, Prosper also partnered with FICO to enable borrowers who obtained their personal loan through Prosper to view their FICO® Scores for free through the FICO® Score Open Access program.

Personal loans 52

Personal loans Startups Creditworthiness Education 52

Fico Collections

SEPTEMBER 27, 2021

BNPL is akin to a small dollar loan. A dedicated “lifeline” in the form of a line of credit or single use term loan are viable options. It is actually much harder than a “nimble startup” but the rewards can be outstanding. FICO’s research indicates 86% of consumers are satisfied with their bank.

Banks 52

Banks Retail Startups Financial Institution 52

Fico Collections

SEPTEMBER 22, 2021

They have a multitude, hundreds of thousands if not millions, of established customer relationships – some dating back decades with corporate clients and HNWIs – that are the envy of new digital startups. .

Banks 52

Banks Financial services Startups Home Insurance 52

Fico Collections

FEBRUARY 5, 2021

FICO recently worked with Cornerstone Advisors to commission a study on the emergence of “shadow banking" providers – fintech startups, large technology companies, merchants, and others. And every institution would try to cross-sell their way into larger, more profitable products (personal loans, mortgage, wealth management, etc.).

Banks 52

Banks Startups Credit Unions Credit Unions 52

Collection Industry News

SEPTEMBER 21, 2021

Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers everything from banking and credit to insurance. It’s not just end consumers being targeted by embedded finance startups. billion. “Big It has provided $2.3

Banks 40

Banks Startups Financial services Lender 40

Collection Industry News

SEPTEMBER 7, 2021

The CFPB has proposed that lenders collect a wide range of demographic and financial data on all applications for credit made by small businesses so that the CFPB can better facilitate the enforcement of fair lending laws. . B) the type and purpose of the loan or other credit being applied for; . (C) Covered Transactions .

Banks 40

Banks Lender Startups Financial Institution 40

Collection Industry News

MARCH 28, 2022

A major student loan refinancing company has joined the chorus of voices calling for broad-based student loan forgiveness as millions of borrowers brace for the end of the pandemic payment pause. They need to know whether and when their loan obligations will resume. The $10,000 student loan forgiveness argument.

Student loans 40

Student loans Student Loans Loans Startups 40