Due to the COVID-19 pandemic, people now pay differently.
Because of massive changes in consumer behavior, alternatives to traditional credit bureau scores are essential to the underwriting process.
Bank data is more reactive to sudden economic changes, more demonstrative of real affordability, more revealing of individuals income and spending as a whole, more inclusive of profitable thin-file consumers, and more predictive of future payment behavior. Expertly-designed custom or generic modelling allows for automated and real-time decisioning to yield superior results.
RIBBIT provides predictive analytics with non-credentialed and credentialed bank intelligence to improve loan and payment performance, surpassing traditional credit solutions no matter how your customers choose to engage.
RIBBIT uses AI and adaptive learning to predict future bank behavior based on dependable and verified data through complete and modular solutions delivered through a single API connection. See our impressive suite of solutions for merchants, lenders, LTOs, financial institutions and fintechs online at RIBBIT.ai.
BankVERIFY+ │ BankLOGIN+ │ ACHProcessing │ BankINSIGHTS
RIBBIT is for merchants, lead purchasers, lead generators, recurring payments, subscription services, large financial institutions, small banks, rewards programs, loyalty cards, online stores, lease-to-own sellers, risk managers, lendtechs, fintechs, health care providers, insurtech, business lenders, sub-prime lenders, verification and validation servicers, regulatory bodies, credit bureaus, fraud prevention, and economic and financial studies.
In my lifetime, I have been called brash, bold, sassy, and mischievous, so I pay attention when a company, and a new one to boot, jumps out of the starting gate, bragging how they are going to transform the way a consumer’s credit worthiness is measured. Whoa, who does this RIBBIT think they are, challenging a status quo system that has been around since the 1860s when merchants shared lists of villagers who failed to pay their debts? But as Confucius says – To know what is right and not to do it is the worst cowardice.
Now, during COVID, more than ever, people pay differently. Alternatives to traditional credit bureau scores are essential to the underwriting process. Bank data is more reactive to sudden economic changes, more demonstrative of real affordability, more revealing of...
RIBBIT combines payment processing and bank data analytics to empower financial decisioning with better data and superior outcomes OXFORD, Ohio – After 22 years as an electronic payments provider, Cash Flow proudly joins forces with Transaction Science, a...