News & Blog

Credit risk
October 10, 2024

Cashflow Insights and the CFPB’s “Small-Dollar Rule”

The “Small-Dollar Lending Rule” is going to hurt: our preliminary analysis of EDGE client data suggests there could be as much as 14% losses for lenders’ portfolios, depending on the product. Additionally, our research shows that lenders can reduce those losses to 5-10% by leveraging bank data analytics (more below).

Credit risk
Decisioning & automation
August 30, 2024

White Paper: The Impact of Regulatory Differences on Lending and Borrowing Behaviors

Read this white paper from EDGE to learn about how regulatory differences affect lending and borrowing patterns. 

Credit risk
Decisioning & automation
Financial inclusion
August 12, 2024

Revolutionizing Income Verification

How Open Banking and Cashflow Analytics Can Eliminate the Stipulation Process for Credit Unions

Credit risk
Decisioning & automation
Credit Unions
Financial inclusion
July 29, 2024

Improve Your Second Looks by 6%-8% with Cash Flow Underwriting

Once the cornerstone of all lending decisions until the mid-eighties, cash flow underwriting is at a new tipping point thanks to machine learning and data analytics. 

Credit risk
Decisioning & automation
Open banking
Financial inclusion
April 18, 2024

Is Your Analytics Partner Ready For The Big Dance?

If you’re like most people, you answered the NCAA Championships. That’s not a slight against others like the National Invitational Tournament, College Basketball Invitational, and CollegeBasketball Crown. But when it comes to college basketball and March sports in general, there’s the Big Dance and then there’s everyone else.

Credit risk
Decisioning & automation
Financial inclusion
Open banking
February 21, 2024

Playing Both Sides of the Field: Combining Orthogonal Datasets

Super Bowl LVIII is on the books. Whether you were among the 123 million like me who watched the game or the other half of the country who didn’t, you’re probably familiar with the adage “defense wins championships.” Seeing the Chiefs and 49ers go back and forth got me thinking about the legacy consumer risk paradigm where you’re only assessed on your equivalent of defense – how successfully you’ve kept creditors at bay, as reported on traditional credit reports based on historical tradelines.

Credit risk
Income verification
Open banking
September 25, 2023

Improving Loan Evaluation with Real-Time Income Detection

In the world of lending, making sound decisions is paramount. A borrower's income is a critical factor in assessing their creditworthiness and ability to repay a loan. Lenders require effective tools to evaluate this key aspect of every loan application. Enter EdgeIncome, a solution that empowers lenders to make informed decisions while streamlining their operations.

Credit risk
Decisioning & automation
Income verification
August 8, 2023

EDGE joins panel at Envestnet | Yodlee's Engage 2023 conference

EDGE´s VP of Strategy spoke on a panel on "The Power of Alternative Data in Lending" alongside other leaders in fintech and credit risk analytics.

Credit risk
Events
Financial inclusion
July 26, 2023

Looking at credit scores only tells part of the story – cashflow data may tell another part

The Consumer Financial Protection Bureau conducted an analysis based on its Making Ends Meet survey suggesting that cashflow data can inform better credit underwriting decisions.

Credit risk
Industry news
Open banking
July 26, 2023

Efficient data analysis and streamlined credit decisions with EdgeRefine

EDGE is thrilled to announce the release of our new product, EdgeRefine, a cutting-edge technology product designed to revolutionize the way you analyze bank data and streamline consumer credit decisions.

Credit risk
Decisioning & automation
Product releases
July 5, 2023

Unleashing Cash Flow Data's Potential: The Power of a Bank Transaction-Based Credit Risk Score

Bank transaction-based credit risk underwriting revolutionizes lending by providing valuable insights into borrowers' repayment abilities, and EdgeScore excels as a leading predictive risk score in accurately assessing risk across the credit spectrum.

Credit risk
Open banking
May 31, 2023

EDGE affirms commitment to financial inclusion as a Consumer Reporting Agency

Bank transaction analytics platform EDGE announced today that it is officially a Consumer Reporting Agency (CRA). As a CRA, EDGE can deliver income verification and credit risk analytics based on consumer-permissioned data while providing all consumer safeguards required by the Fair Credit Reporting Act (FCRA).

Business announcements
Credit risk
Financial inclusion
Open banking
January 25, 2023

BNPL – Borrowing No Different

Edge, using its industry-leading data lake, has gained valuable insights into the influence of Buy Now Pay Later (BNPL) on various credit types. Proprietary research reveals that borrowers engage in familiar patterns such as loan stacking, increased borrowing during financial stress, and heightened default risk due to additional obligations.

Credit risk
Buy now, pay later
Open banking
December 15, 2022

BNPL Liabilities – Hidden in Plain Sight

Buy Now, Pay Later plans are frequently in the headlines for opportunities and risks alike. BNPL obligations pose a challenge for other lenders because they are largely unreported to credit bureaus. However, these liabilities can be reliably found in bank transaction data – an essential step in decisioning on a complete picture of consumer risk.

Credit risk
Buy now, pay later
Open banking
December 12, 2022

Proprietary insights from NinjaEdge highlight risks of BNPL obligations not visible to other lenders

At Opal Group's summit, Mark Friedgan, CEO of NinjaHoldings, showcased NinjaEdge's data-driven analysis of 2.5 billion bank transactions, addressing the risks of "hidden liabilities" like BNPL loans and advocating for more profitable underwriting solutions that encompass a consumer's complete financial picture.

Credit risk
Events
Open banking
Buy now, pay later
October 4, 2022

NinjaEdge releases enhanced risk score and expanded features to address effects of inflation

“Already a critical tool in many lenders’ decision-making, our updated score is even more predictive of consumer underwriting risk. We have significantly improved our ability to score applicants with less data or lacking consistent income sources.”

Open banking
Product releases
Credit risk
September 12, 2022

NinjaHoldings CEO delivers keynote address for LEND360 conference

Mark Friedgan – CEO of NinjaHoldings, the parent company of NinjaEdge – kicked off the LEND360 conference in Chicago with timely perspective on consumer lending against the backdrop of unprecedented inflation and the potential to grow profitability through the economy’s ups and downs using NinjaEdge analytics.

Events
Open banking
Credit risk
September 11, 2022

Cash Flow Underwriting – What’s Missing from Your Bureau

Traditional credit scores are inadequate for assessing risk in nearly half of the U.S., while analyzing cash flow behaviors in checking and savings accounts provides a more comprehensive financial picture, leading to actionable insights that enhance underwriting decisions.

Open banking
Credit risk
June 07, 2022

NinjaHoldings CEO delivers keynote address for Leaders in Lending conference

Mark Friedgan, CEO of the parent company of NinjaEdge, spoke on incubating the cashflow underwriting IP that would eventually become the NinjaEdge B2B analytics offering.

Credit risk
Decisioning & automation
Events
Open banking
May 17, 2022

Liberty Rent integrates NinjaEdge for enhanced risk analytics

NinjaEdge announced today the successful integration of its proprietary bank data analytics service into Liberty Rent’s platform to convert more applicants into residents for landlords. Founded in 2014, Liberty Rent is a SaaS analytics company that provides best-in-class risk analysis, payment services, and third-party claims settlement for multifamily property owners and managers. With its rent guarantee solution, Liberty Rent facilitates “no cost, no risk” acceptance of potential residents for property management companies throughout the U.S.

Credit risk
Financial inclusion
Business announcements
April 27, 2022

NinjaEdge and Infinity Software announce strategic partnership

Alternative data and risk assessment platform NinjaEdge announced today a new partnership with Infinity Software, the leading loan management software provider for alternative credit lenders in North America. The partnership will seamlessly integrate NinjaEdge’s proprietary bank data analytics service into Infinity’s ecosystem of traditional and alternative credit risk signals, decision engines, and verification providers.

Credit risk
Decisioning & automation
Business announcements
Edge Insights
Jan 16, 2023

Revolutionizing Storefront Lending: The Power of Automation

Today, we're diving into the world of storefront lending and how automation is transforming the game. We'll explore the incredible advantages of automation and how it's paving the way for more efficient, customer-friendly, and data-driven lending processes.

Edge Insights
Jan 16, 2023

Improving Loan Evaluation with Real-Time Income Detection

In the world of lending, making sound decisions is paramount. A borrower's income is a critical factor in assessing their creditworthiness and ability to repay a loan. Lenders require effective tools to evaluate this key aspect of every loan application. Enter EdgeIncome, a solution that empowers lenders to make informed decisions while streamlining their operations.

Edge Insights
Jan 16, 2023

Unleashing Cash Flow Data's Potential: The Power of a Bank Transaction-Based Credit Risk Score

Bank transaction-based credit risk underwriting revolutionizes lending by providing valuable insights into borrowers' repayment abilities, and EdgeScore excels as a leading predictive risk score in accurately assessing risk across the credit spectrum.

Edge Insights
Jan 20, 2023

Save Time This Summer – Faster Customer Processing with Edge

Verification of income has traditionally been one of the most expensive and time-consuming steps in a loan application. With the innovation of instant bank verification (IBV), proof of income can be achieved in near real-time along with a host of risk insights relevant for credit decisions.

Edge Insights
Jan 18, 2023

BNPL – Borrowing No Different

Edge, using its industry-leading data lake, has gained valuable insights into the influence of Buy Now Pay Later (BNPL) on various credit types. Proprietary research reveals that borrowers engage in familiar patterns such as loan stacking, increased borrowing during financial stress, and heightened default risk due to additional obligations.

Edge Insights
Jan 16, 2023

BNPL Liabilities – Hidden in Plain Sight

Buy Now, Pay Later plans are frequently in the headlines for opportunities and risks alike. BNPL obligations pose a challenge for other lenders because they are largely unreported to credit bureaus. However, these liabilities can be reliably found in bank transaction data – an essential step in decisioning on a complete picture of consumer risk.

Edge Insights
Jan 16, 2023

Cash Flow Underwriting – What’s Missing from Your Bureau

Traditional credit scores are inadequate for assessing risk in nearly half of the U.S., while analyzing cash flow behaviors in checking and savings accounts provides a more comprehensive financial picture, leading to actionable insights that enhance underwriting decisions.