FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.
FICO Enhances Lenders’ Ability to Build Resilience into Credit Portfolios for Economic Uncertainty
FICO a leading analytics software firm, today announced that more than 2.5 billion FICO Resilience Index scores were delivered in the last 18 months. The FICO Resilience Index is an innovative analytic tool that leverages credit bureau data to augment the FICO® Score with an additional dimension of credit risk insight, helping lenders and investors make more precise decisions during changing economic times.
DMG Announces a New ESG Marketplace Initiative to Bring Together Terra Pool Users and Institutional Buyers
DMG Blockchain Solutions Inc. a vertically integrated blockchain and cryptocurrency technology company, announces it is working with several parties to develop funds specific for Terra Pool (www.terrapool.io) to manage bitcoin created exclusively from carbon-neutral mined bitcoin.
Hyosung America Launches Four New Products Set to Empower Cash Management and Enable Cash-to-Digital Experiences
Hyosung America announced today the launch of four new retail products that bridge the legacy of Hyosung’s innovation and modular design with the industry’s most transformational cash-automation solutions.
Trofi Introduces Its Innovative Structured Product Solutions for Users
Trofi is proud to announce its innovative Structured Product solutions for their users. Many platforms offering financial services like crypto lending and staking are going through a rough patch. There is an overwhelming air of skepticism around companies in the crypto finance niche, and trustworthiness is at an all-time low. Recently, some giants offering crypto-financial services acquired massive debt, others suspended withdrawal (became insolvent), and all these further scared away investors.
FICO Insights More than 3 in 5 Indonesians Experienced a Drop in Income Due to Pandemic Many Will Switch Banks in 2022
FICO, confirmed that the pandemic has aggravated financial hardship for retail banking consumers in Indonesia, with more than 3 in 5 experiencing a drop in income. It has also revealed that many are motivated to search for better banking offers, and that the inclination to switch lenders has increased year over year. While a considerable 23-30 percent of New Zealand and Australian respondents experienced a negative impact on income due to the pandemic, this number rose to 40 percent in Singapore and India, 50 percent in Malaysia and 63 percent in Indonesia. Respondents in Thailand suffered the biggest blow, with 70 percent saying their income had been reduced.
