Lender and User-Driven Flows for Using Bank Data in Underwriting

Now, during COVID, more than ever, people pay differently. Alternatives to traditional credit bureau scores are essential to the underwriting process. 

 

RIBBIT provides predictive analytics with non-credentialed and credentialed bank intelligence to improve loan and payment performance, surpassing traditional credit solutions no matter how your customers choose to engage.

RIBBIT uses AI and adaptive learning to predict future bank behavior based on dependable and verified data through complete and modular solutions delivered through a single API connection. See our impressive suite of solutions for merchants, lenders, LTOs, financial institutions and fintechs online at RIBBIT.ai.

BankVERIFY+ │ BankLOGIN+ │ ACHProcessing │ BankINSIGHTS

RIBBIT is for merchants, lead purchasers, lead generators, recurring payments, subscription services, large financial institutions, small banks, rewards programs, loyalty cards, online stores, lease-to-own sellers, risk managers, lendtechs, fintechs, health care providers, insurtech, business lenders, sub-prime lenders, verification and validation servicers, regulatory bodies, credit bureaus, fraud prevention, and economic and financial studies.

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RIBBIT Receives Payments Innovation Award in Recognition of Innovative Payment and Risk Solutions. COLUMBUS, OH. (April 13, 2022) – EPCOR® - Your Electronic Payments Core of Knowledge today announced the recipient of its Payments Innovation Award at the Recognition...

Getting Real with Financial Inclusion

Getting Real with Financial Inclusion

Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity ~ Sri Mulyani Indrawati

How arbitrary are the words ‘financial inclusion’; who’s in, who’s out and why is it so unfair? If a consumer is ‘in,’ there are financial opportunities for building a better life. If a person is ‘out,’ good luck with climbing out of a deep money pit. Today’s financial institutions think they are building a more inclusive process. However, many are still using information reflective of historical bias so if it didn’t work then, it ‘ain’t gonna work now’.

Why Interpretation of Data Matters

Why Interpretation of Data Matters

When a man gives you a rose, what you see may not be what he intends~ Patrick Rothfuss

Assessing information is the foundation of most of life’s important decisions. Mistakes are made when the data is unavailable, unclear, inaccurate, insufficient, immaterial, or unjust. How many people have suffered throughout history by poor decision-making? Like it or not, today’s world is data driven, hopefully an information mecca for making insightful, educated, proven and unbiased decisions. However, data is just that, information on a page, it becomes meaningful only when it is wisely analyzed and interpreted.