FinRegLab in the News
EU Proposes Restrictions on AI in Credit Scoring, Authentication
www.americanbanker.com
“Research suggests artificial intelligence and machine learning can create measurable benefits including financial inclusion, yet we also know it can bake in and even exacerbate historical bias and exclusion.”
FinRegLab in the News
Twitter Veteran Launches Credit Score that Digs Deep into Cash Flow
www.americanbanker.com
“The New York fintech startup Harvest began offering a new credit score Thursday that uses artificial intelligence to take into account cash flow, spending habits and financial discipline alongside traditional scoring data to help lenders determine if a potential borrower is creditworthy.”
FinRegLab in the News
‘Out of the Shadows’: Use of Alternative Data in Lending Gains Ground
www.americanbanker.com
“Regulators are trying to send an important signal that they are aware that there are certain data that can be quite useful, especially in assessing credit risk for an underserved population.”
“Through Alternative lenders like LendingClub, Kabbage, and Upstart, and auto lenders like Ford Motor Credit use artificial intelligence every day in loan decisions…”
FinRegLab in the News
Can Freddie Mac’s embrace of AI pull the industry along?
www.americanbanker.com
“Freddie Mac’s foray into artificial intelligence may be a significant turning point in broadening the use of the technology
FinRegLab in the News
Podcast Cash-flow data shows promise as predictor of credit risk
www.americanbanker.com
“Melissa Koide, co-founder and CEO of FinRegLab, analyzed loan data from six lenders that use cash-flow data in their underwriting.”
“A Growing number of fintechs are becoming increasingly reliant on using alternative data like cash-flow analysis as a key underwriting tool.
FinRegLab in the News
Case-Flow data can predict creditworthiness, new study shows
www.americanbanker.com
“FinRegLab, a nonprofit that tests new technologies to foster an “inclusive financial marketplace” analyzed the data of six nonbank lender that use cash-flow data in their underwriting: Accion, Brigit, Kabbage, LendUp, Oportun, and Petal