RIBBIT News
The Emerging World of Data Science
If we can choose, we can change. If we can’t change, then choice means nothing. ~The Rhythm of War
Defining data science is challenging enough, so let’s cut to the chase and focus on the goal – show me the money! Utilizing data science in business is the future, the now, and the forevermore. It’s an insightful and complex process that merges statistics with businesses acumen to make smarter decisions so that profitable opportunities can be expanded, examined, measured, and implemented. As technology advances, so does the scope and storage of data, increasing prospects for more accurate and relevant customization of products/services.
The Unfettered Start-Up
Anyone who is just ‘coasting along’ is probably going downhill. ~ Anonymous
Just think if you could start life over, a clean slate, while retaining all your years of experience and knowledge. And if you believe, as I do, that obstacles are the building blocks of learning, wow, we would all be masterminds.
Make ALL America Credit Worthy
Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen. ~Anonoymous
As the virus starts to lose its punch, the destruction resembles the aftermath of a hurricane, an unrecognizable landscape with splintered pieces of yesterday scattered about. Overwhelming doesn’t do it justice; it’s a prayer away from being hopeless, yet thankfully, we live in a country that knows how to recover under the harshest odds.
Account Intelligence Meets Artificial Intelligence
Just like the crippling recession in 2008, the virus is another reminder of the dangers of incurring too much debt; the grim reaper may be lurking around the corner or unfortunately, sitting in your family room.Forbes reports that nearly a third of Americans say the...
NACHA Says Don’t Wait . . . Validate
Doing beats stewing ~ Arnold Glasow
Forget the rear-view mirror, I want a mirror that lets me prepare for the upcoming traffic. NACHA warned us in 2018 that March 19, 2021 would be upon us sooner than expected and here we are, ladies and gentlemen . . . gooo time!
No Credit Score?
Nothing great was ever achieved without enthusiasm. ~ Anonymous
The younger generations are fearful of going into debt unlike mama and papa so a majority stick with their debit cards when purchasing goods and services. In the short run, paying with a known quantity of funds contributes to a realistic budget and reduces financial stress, but it doesn’t build a reliable credit score. No information = No credit scores = No loans.
The Lending Puzzle
If you can find a path with no obstacles, it probably doesn’t lead anywhere. ~ Frank Clark
It’s a rough time to be a consumer who needs a loan. But on the flip side, it’s also a rocky time to be a lender who is afraid to offer it. The economic dilemma unfolds – – For lenders, it comes down to who is a good bet to pay us back – – For consumers, can they really pay it back?
Infusing Credit Scores with Smart Science
He who moves not forward moves backward ~ Goethe
When arriving at the pearly gates hoping to qualify for a ticket into the promised land, would you rather be evaluated on your past behavior when you were young and reckless or your recent behavior as an adult who is making smarter lifetime decisions? Stay with me, for the big jump…
Lender and User-Driven Flows for Using Bank Data in Underwriting
Now, during COVID, more than ever, people pay differently. Alternatives to traditional credit bureau scores are essential to the underwriting process. RIBBIT provides predictive analytics with non-credentialed and credentialed bank intelligence to improve loan...
The Role of Non-Credentialed and Credentialed Bank Data in Underwriting – Part 5
Non-Credentialed bank data is sometimes also referred to as bank verification, non-consented, or non-permissioned data. Non-Credentialed data can be easier to integrate and implement through an API-only connection or as part of a full end-user widget experience....
