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Credit Scores

2 GoKawiil briefs on this topic

Plaid Enhances Credit Scoring with New AI Models to Drive Growth

Plaid announced the development of advanced AI models to improve its credit scoring services, signaling a strategic shift towards expanding its product offerings beyond traditional financial data aggregation. The move aims to position the company for its next growth phase by leveraging artificial intelligence in credit assessment.

FICO shares fall after mortgage rule change opens door to VantageScore

Federal housing regulators announced changes allowing mortgage lenders to use credit scores from VantageScore Solutions, a rival to Fair Isaac Corporation, rather than relying solely on FICO scores. The news sent FICO's stock price sharply lower as investors reacted to the prospect of increased competition in credit scoring for home loans.