Episode Summary

In this conversation, Melinda Huspen discusses her journey into journalism, her insights on Experian's new credit scoring model, and the implications of open banking on credit scoring. She highlights the potential of cashflow-based underwriting to serve underserved communities and shares advice for fintechs looking to gain media attention. The discussion also touches on future trends in fintech and the challenges of entering the US market.

Melinda's article in American Banker found below

https://www.americanbanker.com/news/how-experian-scores-thin-file-borrowers-with-cash-flow-data

Takeaways

• Melinda's journey into journalism was facilitated by networking opportunities.
• Experian's new credit scoring model combines various methods into a single score.
• Open banking adoption will accelerate the use of cashflow-based scoring models.
• Consumer lenders will be the first to feel the impact of cashflow underwriting.
• Cashflow data can help underserved communities access credit more easily.
• Fintechs should focus on the banking angle when pitching stories to journalists.
• Regulatory changes are significant news for the banking industry.
• Cybersecurity and fraud are major concerns for banks today.
• The entry of non-US fintechs into the US market is a growing trend.
• The evolution of cashflow underwriting will be influenced by regulatory changes.

Chapters:

• 00:00 Melinda's Journey to American Banker
• 02:39 Experian's New Credit Scoring Model
• 07:32 The Impact of Open Banking on Credit Scoring
• 11:31 Cash Flow Underwriting and Underserved Communities
• 13:59 Advice for Fintechs Pitching to Journalists
• 16:40 Future Trends in Banking and Fintech

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