Experian has introduced the Cashflow Data Bureau, a new credit reporting agency designed to help lenders integrate banking transaction data into their underwriting processes.
Financial institutions are leveraging alternative data, including bank transactions and accounting records, to improve underwriting accuracy and expand credit access for underserved borrowers.
Beagle Labs has raised $4.1 million in pre-seed funding to scale its AI-powered property intelligence platform for commercial insurance underwriters.
Affirm has introduced a new underwriting model using transformer technology to better assess borrower risk and improve approval accuracy at U.S. checkouts.
Affirm is integrating transformer-based AI into its lending platform to improve real-time loan underwriting accuracy and unit economics.
Affirm has introduced a transformer-based underwriting model that approves more borrowers by analyzing credit patterns beyond traditional scores.
Robinhood has joined the syndicate for Oura’s upcoming $3 billion IPO, marking the brokerage's first-ever role as an underwriter.
Robinhood has secured its first formal underwriting role in Oura Inc.'s upcoming Nasdaq IPO, which is projected to value the company at over $11 billion.
