Fintech Insider Podcast by 11:FS 970. Insights: The future of lending doesn't care about your credit score with Plaid, Affirm and N26
32 snips
Jun 12, 2025 Joining the discussion are Zak Lambert from Plaid, a leader in open finance; Ankur Sisodia from N26, focused on neobank innovations; and Alexander de Rafols from Affirm, expanding access to credit. They dive into the limitations of traditional credit scores and how they're misaligned with modern financial lives. The guests explore the transformative power of alternative data and technology in lending, emphasizing financial inclusion for gig workers and younger borrowers. The conversation also highlights the role of open banking in creating personalized and seamless lending experiences.
AI Snips
Chapters
Transcript
Episode notes
Credit Scores Are Outdated
- Traditional credit scores have become outdated and fail to reflect modern lifestyles like gig work and freelancing.
- Combining historical scores with real-time cash flow data can create hyper-personalized and fairer lending models.
Use Both Credit and Alternative Data
- Expand credit access by leveraging both traditional credit data and alternative data to increase financial inclusion.
- Avoid viewing credit underwriting as an either/or choice but as a continuum to include under-served customers.
Zak Lambert's Immigrant Credit Struggle
- Zak Lambert shared his personal experience struggling to obtain a simple cellular plan as a new immigrant without UK credit history.
- This highlights the real-world barriers faced by immigrants and the solvability of the credit invisibility problem through better data use.