Leading analytic software firm FICO has announced the FICO Financial Inclusion Initiative, a global effort to increase access to affordable credit for consumers and businesses with limited or no credit history. Through a combination of business partnerships, innovative new products, mobile platforms and cloud-based services, the company expects to help credit grantors make affordable credit more accessible to unbanked and underbanked adults worldwide, who are estimated to number more than 3 billion. Building on the introduction of FICO Score XD in the United States in 2015, Turkey, Russia Mexico, India, China and the Philippines are among the first countries targeted. Read more here.
Consumer & Commercial Payments