Tag Archives: Credit card

26Jan/26

Equifax Launches “Income Confirm” to Accelerate and Personalize Credit Card Origination

January 26, 2026FinanceCredit, Credit card, Credit history, Employment discrimination, Equifax, EQUIFAX CONSUMER, Mortgage industry of the United States, Mortgage underwriting in the United States, Personal finance, Verification of employmentadmin

Jan. 26, 2026 /Mpelembe Media/ — Income Confirm launch was announced today, a new financial tool developed by Equifax to improve the credit card application process. By merging verified employment and salary data with traditional consumer credit reports, this service allows lenders to assess a borrower’s financial capacity with greater precision. The platform utilizes information from The Work Number to provide real-time updates on an applicant’s job status and yearly earnings. This integration aims to accelerate approval times and help financial institutions set more appropriate spending limits for new customers. Ultimately, the technology seeks to replace estimated guesses with fact-based insights to foster a more efficient lending environment. These details are featured on the Mpelembe Network, a digital hub that aggregates international news across diverse sectors like finance and technology. Continue reading →

28Apr/25

Equifax 2024 Global Consumer Credit Trends

April 28, 2025EconomyArgentina, Australia, Brazil, Canada, Consumer price index, Corruption in the United States, Credit, Credit card, Credit history, Credit score, Credit scoring, Debt, Ecuador, Equifax, India, Inflation, Monetary policy, New Zealand, Personal finance, Spain, United Kingdom, United Statesadmin

April 14, 2025 /Mpelembe Media/ — Equifax’s 2024 Global Consumer Credit Trends Report offers a broad analysis of consumer credit conditions across ten countries, leveraging the Equifax Cloud™ for enhanced data insights. The report highlights trends in consumer credit demand, debt, delinquencies, and credit card usage, alongside inflation trends. Continue reading →

28Aug/24

What’s Next for AI in Banking: Better Chatbots or Something Else?

August 28, 2024FinanceArtificial intelligence, Chatbots, ChatGPT, Computational neuroscience, Credit card, Generative pre-trained transformer, Large language models, OpenAIadmin

AI chatbots and Large Language Models (LLMs) such as ChatGPT have become commonplace in recent years to answer queries, whether that’s how to write a persuasive email or to request a replacement for a stolen card. According to Auriemma Group’s latest UK Cardbeat study, credit cardholders tend to be comfortable using AI chatbots to carry out basic tasks with their card issuer, but express skepticism when faced with more complex servicing needs. Continue reading

28Dec/22

Japanese fintech leader Smartpay first to launch the next phase of digital consumer finance through open banking

December 28, 2022FinanceApple Pay, Bank, Credit card, Economy, Finance, Financial technology, Japan, Money, Payment systemsadmin

Japan-based fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that allows customers to pay for online installment purchases straight from their bank accounts. Smartpay Bank Direct emphasizes user security while delivering convenience for the consumer, through a network of 67 partner banks across Japan[1]. Smartpay is Japan’s first digital consumer finance company to utilize Japan’s open banking system. Continue reading