The Case for Cash

Including the Credit Excluded

White Paper • 2022

What is this paper about?

Traditional credit underwriting practices have unintentionally excluded 60 million consumers from credit and financial services. These consumers are Credit Excluded not because they’re high risk, but because the current system simply doesn’t assess their potential risk properly.

This whitepaper from Nova Credit, a fintech that unlocks opportunities for those historically excluded from the credit system and companies looking to serve them, highlights recent innovations in underwriting analytics, the need for lenders to improve their underwriting models to be more inclusive and how cash data in conjunction with credit data substantially improves the overall quality of credit risk assessment.

Incorporating bank transaction data into underwriting practices not only enhances the lender’s capacity to accurately assess consumer credit risk, but has the potential to end the very idea of a Credit Excluded population in the United States.

Sponsored By:

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Key Insights:

  • Who are Credit Excluded consumers and why are they unable to access credit
  • What data and analytics solutions are available to lenders and how effective are they
  • Why consumer-permissioned cash flow data is the compelling solution for lenders looking to be more inclusive in their underwriting

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