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Phixius, a secure payment information network by Nacha, has integrated with Kinexys Liink, a bank-led blockchain-based data sharing network by JP Morgan. This integration aims to enable secure, peer-to-peer data sharing among financial institutions to streamline banking operations and lending processes.
Regulators are scrutinizing AI credit models for fairness. Lenders must balance innovation with explainable systems that meet fair lending requirements.
AI analyzes variable income patterns to help gig workers qualify for credit that traditional underwriting models would deny.
Effective lending combines AI for routine decisions with human underwriters for edge cases, achieving both speed and accuracy.
Canadian fintech company Neo Financial has raised C$68.5 million in equity to fund a securitization program that will help expand its lending portfolio.
As banks digitize their lending processes and seek to expand credit access globally, they need new tools to make fast, accurate credit decisions. This article discusses three emerging lending technologies - real-time spending insights, automated functionality, and broader data visibility - that are helping lenders mitigate risk and improve the speed and customer experience of credit decisioning.
Mastercard plans to provide agentic AI tools to merchants using its services by the end of June, allowing them to leverage AI capabilities in their credit and lending processes.
CFPB adverse action requirements challenge AI lenders. New explainable AI techniques help meet obligations while using sophisticated models.