How AI Is Transforming Credit Risk and Compliance: From Reactive to Proactive Lending Decisions
AI Credit risk and compliance are shifting from reactive to proactive as AI transforms how lenders make decisions.
The Hidden Costs of Credit Reporting Errors
Your database holds thousands of declined applicants. You spent real money acquiring those leads. Now they sit dormant because a credit score said “no,” and it could just be credit reporting errors for the low score. But what if that score lied? One in five consumers has credit reporting errors. That means roughly 20% of […]
How Alternative Data is Reshaping Modern Lending
Your database holds thousands of declined applicants. Many deserved a “yes.” The problem was never their financial behavior. The problem was your data sources. Traditional credit scores miss the full picture. A 2024 Nova Credit survey found that 90% of lenders believe access to alternative data would help them approve more worthy borrowers. That same […]