A Wall Street article “Silicon Valley: We Don’t Trust FICO Scores” is currently making waves concerning the usefulness of traditional credit scoring, the FICO score. A new generation of lenders (FinTech upstarts) is challenging the usefulness of one of the bedrocks of the modern financial system: the FICO score.
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FinTech Upstarts Challenge Usefulness of Traditional Consumer Credit Scoring, the FICO Score
Jan 19, 2016