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Blending Traditional Underwriting with Next Generation Analytics

  • Posted by FactorTrust
  • On December 16, 2013
by Daniel Parry and Matt Colby Years ago I taught a course in operations research, which essentially deals with mathematical methods of optimizing business problems. While teaching quantitative studies in an academic setting, I observed a tendency for students to believe that we are the smartest people who have ever lived, and that anyone who […]
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Financially Underserved Market Grows to Estimated $89 Billion

  • Posted by FactorTrust
  • On December 11, 2013
New Market Sizing Report Shows Continuing Opportunity for High-Quality Innovation and New Product Development New York, NY – December 11, 2013 Today, the Center for Financial Services Innovation (CFSI) and Core Innovation Capital (Core) released their third annual Financially Underserved Market Size Study. The new data reveals that revenue from interest and fees paid by financially underserved consumers rose 8% […]
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Underbanked Consumer Stability Insights Shared

  • Posted by FactorTrust
  • On December 5, 2013
FactorTrust Underbanked Index Reveals Stability Metrics and Impact on Risk Over 50 million consumers in the United States are considered underbanked. They are typically employed and have bank accounts – usually a checking account – yet they seek alternatives for their consumer finance and auto loan needs.  As the underbanked market has grown to $78 […]
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Survey: Payday Loans and the Borrower Experience

  • Posted by FactorTrust
  • On December 5, 2013
Nine in 10 Payday Loan Borrowers Felt Product Met Their Expectations, Are Highly Satisfied and Value the Service More than nine in 10 payday loan borrowers report their experience with the terms (96 percent) and cost (92 percent) of their payday loans was as expected or better than expected, while more than four in five […]
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Your Riskiest Consumers May Be Your Best Opportunities

  • Posted by jrafeedie
  • On December 1, 2013
The Underbanked, Uncovered The riskiest consumer – that is the demographic that is typically considered outside the scope of conventional credit and lending options — is also the fastest-growing segment of consumers and in dire need of viable services whether or not it is through traditional banking channels. The lack of supply in suitable products […]
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