Experian has launched Cashflow Score to increase financial access for individuals with limited credit history.
The tool provides lenders with cashflow insights using bank account data, helping thin file and credit invisible consumers improve financial access.
By leveraging consumer-permissioned transaction data, Experian scores the data based on attributes and shares it with lenders to make informed decisions.
This tool aims to address the challenge faced by borrowers with lower credit scores in improving their credit standing.