Prism Data recently revealed CashScore v4, a new and more powerful version of the market-leading cash flow underwriting score.
Student loans are back in the news again with the Department of Education announcing that they will start garnishing wages on past-due student loans for the first time since March 2020.
Modern cash flow underwriting, with the benefit of open banking and digital bank transaction data, can greatly improve the results of traditional credit underwriting.
Over the past several years, lenders have developed effective strategies to obtain consumer-permissioned bank connections and utilize all the benefits of cash flow underwriting without suffering any lost applications.
Prism Data, a leading cash flow underwriting infrastructure and analytics platform, today announced the launch of CashScore® v4, a new and more powerful version of its market-leading cash flow underwriting score
Embedded in the new CFPB proposal on Open Banking is a fundamental shift in how we think about credit scores.
2024 is the year that cash flow underwriting is going mainstream. Banks and other lenders are using this technology for everything from credit card applications to mortgage approvals.
The use of “buy now, pay later” or “BNPL” loans reached an all-time high this past holiday season, accounting for over $16 billion in consumer spending.
Announcing CashScore® FirstDetect™ by Prism Data—a groundbreaking first-party fraud risk score powered by open banking
When implemented correctly, cash flow underwriting produces a significant ROI for lenders, while advancing regulatory priorities and complying with all applicable laws and regulations.
