Alternative data improves financial inclusion, without adding risk

June 12, 2017
By ID Analytics

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Consumer credit behavior in the U.S. has evolved over the past decade, along with the data and scoring systems that represented that behavior. As a result, many consumers have a difficult time gaining access to affordable credit, or credit at …

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In Online Lending, Application Velocity Points to Increased Risk

March 8, 2017
By ID Analytics

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In October 2016, ID Analytics announced the formation of the Online Lending Network (OLN), a consortium established to enhance responsible lending, help protect consumers and address credit and fraud risks.Through the OLN, lenders report when a consumer requests an offer for …

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Could Convolutional Neural Networks Help Identify Risk?

February 14, 2017
By ID Analytics

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At ID:A Labs we’re always looking for new and more efficient ways to look at behavior patterns  that may help us identify risk. In this video ID:A Labs Principal Data Scientist, Sunhyoung Han discusses her research involving Convolutional Neural Networks …

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A New Approach to Building Credit Risk Models

January 18, 2017
By Patrick Reemts

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The alternative data that we use in our credit risk model is constantly evolving to provide the best recommendations to our clients. Recently we’ve improved our approach to the way we build those models to better align our product development …

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During the rush of the season, don’t rush to judge millennial consumers

December 15, 2016
By Patrick Reemts

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It’s that time of year when shoppers are out in full force, braving Black Friday crowds and losing work productivity on Cyber Monday. Once the holidays have passed, big sales beckon to those looking for even more deals. Retailers are …

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Black Friday – More Shoppers Means More Credit Applications

December 7, 2016
By Ken Meiser

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Although Black Friday has traditionally marked the start of the holiday shopping season, many retailers start their ‘Black Friday’ sales earlier each year to extend the holiday shopping season.1 Despite some holiday discounts starting early, according to the National Retail …

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Millennial Credit Risk: 5 Common Myths

November 2, 2016
By Patrick Reemts

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In 2015 ID Analytics released a whitepaper titled Millennials: High Risk or Untapped Opportunity, which debunked common myths regarding the millennial generation and consumer behavior. Recently, ID Analytics released a follow-up study examining the potential consequences of millennials’ credit status. …

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Loan Stacking: Protecting Consumers and Online Lenders

October 26, 2016
By ID Analytics

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By providing consumers and small businesses with a fast and easy way of securing funding, the marketplace lending industry has grown 700 percent from 2010 to 20141. Online lenders issued $15.91 billion in U.S. loans in 2014, according to a report published …

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Does Less Privacy Online Increase Your Risk of Identity Fraud?

October 10, 2016
By Dr. Stephen Coggeshall

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Would you trade your sensitive personal information for a cookie? Probably not? Well, that’s just what 380 New Yorkers did in a ‘Please Enable Cookies’ experiment conducted at an arts festival in Brooklyn in 2014. In a twist on the …

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College GraduRATES for New Credit Applications

July 12, 2016
By Patrick Reemts

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With college graduation season coming to a close, nearly two million1 millennials are preparing to leave the days of studying, sleeping and partying behind to enter the work world. As graduates embark on this new chapter, they may find themselves …

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