
RIBBIT News

Infusing Credit Scores with Smart Science
He who moves not forward moves backward ~ Goethe
When arriving at the pearly gates hoping to qualify for a ticket into the promised land, would you rather be evaluated on your past behavior when you were young and reckless or your recent behavior as an adult who is making smarter lifetime decisions? Stay with me, for the big jump…

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...

The Role of Non-Credentialed and Credentialed Bank Data in Underwriting – Part 5
Non-Credentialed bank data is sometimes also referred to as bank verification, non-consented, or non-permissioned data. Non-Credentialed data can be easier to integrate and implement through an API-only connection or as part of a full end-user widget experience....

Divergent Thinking in the Lending Industry
Knowledge and human power are synonymous.
~ Francis Bacon
Inspired by an insightful WSJ article about the lending industry, Flying Blind Into a Credit Storm, by AnnaMaria Andriotis, I am reminded how the term business as usual should be shelved for a more appropriate term: business as divergent. Throw away the rule book, ‘cause what worked yesterday in business ain’t gonna work today.

The Role of Non-Credentialed & Credentialed 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. Bank data is more reactive to sudden economic changes, more demonstrative of real affordability, more revealing of...

Using Non-Credentialed 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. Non-Credentialed bank data is sometimes also referred to as bank verification, non-consented, or non-permissioned...

How COVID Has Impacted the Need for Bank Data
Due to the COVID-19 pandemic, people now pay differently. Because of massive changes in consumer behavior, alternatives to traditional credit bureau scores are essential to the underwriting process. Bank data is more reactive to sudden economic changes, more...

RIBBIT Continues Expansion with Addition of Steven M. Thompson and Eric A. VonDohlen to Board of Directors
RIBBIT combines payment processing and bank data analytics to empower financial decisioning with better data and superior outcomes OXFORD, Ohio, Jan. 12, 2021 /PRNewswire/ -- Just two months after announcing a new partnership, RIBBIT welcomes to the board of directors...

Who IS This Cheeky New Company called RIBBIT?
To know what is right and not to do it is the worst cowardice.
~ Confucius
In my lifetime, I have been called brash, bold, sassy, and mischievous, so I pay attention when a company, and a new one to boot, jumps out of the starting gate, bragging how they are going to transform the way a consumer’s credit worthiness is measured. Whoa, who does this RIBBIT think they are, challenging a status quo system that has been around since the 1860s when merchants shared lists of villagers who failed to pay their debts?

Non-Credentialed vs Credentialed Bank Data
Now, during COVID, more than ever, people pay differently. Alternatives to traditional credit bureau scores are essential to the underwriting process. Bank data is more reactive to sudden economic changes, more demonstrative of real affordability, more revealing of...