The hottest Substack posts of Fintech Fundamentals

And their main takeaways

Know Your Business (KYB): The next frontier of knowing everything about your customers

471 implied HN points • 08 Aug 23
💼 Business Regulations Trends Ecosystem Opportunities
  1. KYB is an extension of KYC processes, focusing on verifying identity and assessing risk of business customers.
  2. Regulatory landscape around KYB has evolved over time, with laws requiring more scrutiny on business relationships.
  3. Major trends in KYB include the growth of fraud and cyber risks, increasing number of small businesses, and the demand for consumer-like digital experiences by SMBs.

A Call for a Better Bureau

353 implied HN points • 02 Feb 23
  1. Incorporating alternative data in credit assessment is becoming vital.
  2. Challenges exist in data normalization, consumer permissioning, and real-time data access.
  3. Building a more modern risk infrastructure is crucial for efficient underwriting processes.

FICO’s Ubiquity and Lender Complacency

393 implied HN points • 22 Nov 22
  1. Credit Karma had a positive impact by allowing consumers to understand their FICO scores and improve their credit behavior.
  2. New credit scoring innovations and data sources may disrupt the traditional FICO system and impact creditworthiness assessment.
  3. Innovations in credit underwriting should focus on shifting the FICO curve, incorporating new underwriting signals, and using contextual data for more accurate risk assessment.

Introducing Fintech Fundamentals

216 implied HN points • 27 Apr 22
  1. Fintech ecosystem has grown significantly in the past decade with increased venture investments and new company launches.
  2. Understanding the underlying fundamentals of fintech, like ACH debits, can be complex but crucial.
  3. The blog aims to explain how fintech products work, why fintechs operate as they do, and highlight promising innovations from first principles.
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Nowhere-near-instant ACH payments

196 implied HN points • 02 May 22
  1. ACH payments in the U.S. can take days due to risk screening and processing.
  2. The ACH system is a major component of the U.S. payments system, handling various transactions.
  3. Innovations like instant ACH and real-time payments are addressing delays and fraud risks in the system.