FICO's initiative to include Buy Now Pay Later (BNPL) loans in its credit score calculation is being analyzed by LendingTree.
1 report, 0 independent
Updated Jun 26
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What happened
FICO's initiative to include Buy Now Pay Later (BNPL) loans in its credit score calculation is being analyzed by LendingTree.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Affirm improves its modeling capabilities by analyzing consumer credit history.Sub-event
- FICO plans to include Buy Now Pay Later (BNPL) data in credit scores, with LendingTree data being used to track usage.Sub-event
- FICO's BNPL inclusion initiative is being analyzed by LendingTree, with Julie May as FICO VP.
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The entities involved
Related events
- Visa Inc. and Affirm are noted as major players in the payments landscape, with Affirm offering a disruptive BNPL model against Visa's network.
- Klarna and Affirm, major players in the BNPL market, are facing scrutiny regarding their business model, which has been likened to that of 'benign drug dealers.'
- TD Cowen raised its target price for Affirm, noting both companies are fintech companies in the market.
- Affirm and SoFi are fintech companies competing directly with traditional banks in the U.S. financial services sector.
- Affirm, a financial services company, was founded by Max Levchin and continues to improve financial access for US renters.
Coverage
Newest first; wire copies grouped- Unknown outlet