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B2B Lender Liberis Raises £32M

PYMNTS

Liberis , a London-based FinTech that lends to small- to medium-sized businesses (SMBs) for future credit and debit card sales, has raised £32 million (more than $42 million), according to City A.M. The FinTech has offices in Denver, London and Stockholm. It also has plans to expand its workforce by 30 percent.

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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. Credit card lenders are not only dealing with higher loss forecasts in 2023.

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US Bankcards Industry Benchmarking Trends: 2022 Q3 Update

FICO

How will this impact credit scores and the credit card industry? However, with delinquencies rising across the credit card industry and the aforementioned expiration of student loan payment deferment, the trajectory of the average FICO score is facing considerable headwinds. Usage & Payments. trillion in revolving debt.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Develop a more innovative process.

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US Bankcards Industry Benchmarking Trends: 2022 Q4 Update

FICO

Increasing of the fed funding rates leads to higher interest rates when seeking new credit or carrying balances on credit cards. For example, the average interest rate on credit cards accruing interest in Q4 2022 was 20.40% compared to 16.44% in Q4 2021 (Source: Federal Reserve G.19 19 report on Consumer Credit).

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US Bankcard Industry Benchmarking Trends: 2022 Q2 Update

FICO

The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. The data sample comes from FICO client reports generated by FICO® TRIAD® Customer Manager and Adaptive Control System solutions. Credit Card Usage & Payments.

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US Bankcard Industry Benchmarking Trends: 2022 Q1 Update

FICO

The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. The data sample comes from FICO client reports generated by FICO® TRIAD® Customer Manager and Adaptive Control System solutions. Spend, Utilization, Payments.

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