Expert author Martin Kleinbard of Granular Fintech (former CFPB, Bread Financial, and American Express) recently published a comprehensive Fintech Takes Research Report covering the past, present, and expected future of credit scoring.
The article details:
- The rise of FICO and today’s dominant approach to credit scoring
- The relationship between the FICO score and the Great Recession
- New challenges that have emerged for traditional credit scores, including the impact of AI
- And finally, the introduction of cash flow underwriting and its potential to help avoid the next great financial crisis
The report is a must-read for anyone in credit, underwriting, financial policy, or for whom credit scores matter (which is just about everyone…)
