Latest / Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies
How Fintechs Use Real-Time Utility Payment Data for Credit Scoring
In this episode of Fintech Conversations, Lucas and Luna explore how fintechs are leveraging real-time utility payment data to build credit scores for the 45 million Americans with thin credit files. They dive into the case of Esusu, a fintech that partners with property managers to report rent and utility payments to credit bureaus, and how this data is being used to improve approval rates for mortgages and personal loans. Lucas breaks down the mechanics of how payment history from water, electricity, and gas bills can predict default risk as effectively as traditional credit card data. The…
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