How Better Data Can Boost Approval Rates

A large Financial Services provider was able to achieve the following with ValidiFI’s leading-coverage solution: -Bank Account Validation: +18% increase -Bank Account Authentication: +30% increase -ValidiFI was able to authenticate more bank accounts than their current provider was even able to verify. The moral of the story: More Data + Better Coverage = Faster, more confident decisions.

Are credit report inaccuracies silently impacting your financial health? The journey to financial well-being often begins with a deep dive into credit reports from Equifax, Experian, and TransUnion. Diligent examination can reveal errors—misreported balances, unfamiliar accounts, or incorrect personal information—that may be hindering credit scores. Spotting these discrepancies is a crucial first step towards financial clarity. This serves as a reminder that consistent monitoring and proactive dispute resolution can lead to significant improvements in one's credit standing. Curious if others have uncovered unexpected errors on their credit reports? #CreditReport #FinancialWellness #CreditScore #Equifax #Experian #TransUnion

Fix Credit Report Errors FAST With This Free Hack Think your credit report is always accurate? Think again. Even small mistakes can drag down your score and cost you thousands in higher interest. The good news? Fixing errors is free if you know the steps. * Check your credit report regularly * Gather your proof * File disputes with Equifax or TransUnion * Add a consumer statement if needed * Protect yourself with fraud alerts I put together a free Dispute Checklist that walks you through every step so you can take control of your financial future. Comment “DISPUTE” and I’ll send it your way. #CreditTips #FinancialFreedom #MoneySmart #CreditReport #CreditScore #PersonalFinance #DebtFreeJourney #MortgageTips #FinancialLiteracy #MoneyMatters

𝗖𝗙𝗣𝗕 𝗛𝗶𝘁𝘀 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝘁 𝗕𝘂𝘁𝘁𝗼𝗻 𝗼𝗻 𝗢𝗽𝗲𝗻 𝗕𝗮𝗻𝗸𝗶𝗻𝗴. 𝗛𝗲𝗿𝗲’𝘀 𝗪𝗵𝘆 𝗧𝗵𝗮𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 (𝗔𝗻𝗱 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱 𝗗𝗼 𝗡𝗲𝘅𝘁 📲 Banks and credit unions, we have some indication of movement! Big news rolled out on August 21st. The Consumer Financial Protection Bureau officially issued an Advanced Notice of Proposed Rulemaking (ANPR) to recalibrate the Section 1033 Open Banking rule, and it has four big questions for us. 𝙎𝙥𝙤𝙞𝙡𝙚𝙧 𝘼𝙡𝙚𝙧𝙩: They affect everything from operational costs to consumer trust and competitive edge. What's on the table? -> Redefining who qualifies as a "representative" authorized to request consumer data -> Rethinking the no-fee mandate and allowing cost recovery -> Sharpening data security expectations amid rising threats and regulatory scrutiny Why does it matter now? This isn't a second chance to get open banking right....it's a first chance to get it smart. The rule may be overhauled, but the implementation train is still rolling. #Banks and #CreditUnions need to lead on security, fairness, and innovation, even before the rule is crystal clear. What you should do today 1. Engage and influence; Submit feedback by October 21st, 2025. Push for clarity, fairness, and language that protects #communutyinstitutions without shifting competition. 2. Audit your readiness; Review systems, policies, and workflows now. Assume you'll need to comply, and align security and privacy frameworks accordingly. Hint here: We at Cornerstone Advisors can help you with this! 3. Lead the thinking; Consider submissions as thought leadership. Share your vision for safe, consumer-centric open data. Let's be bold. Let's shape what comes next, not just follow it! Check out my recent article on Open Banking linked below & a TL;DR version in the comments. Steve Williams, Ron Shevlin, Sam Kilmer, Mary Wisniewski, Tony DeSanctis, Christopher Fleischer, Jim Burson, Eric Weikart, Brad Smith, Al Dominick, Josh Davis, Ryan Ceglarek, Ryan Brogan, Mike Rempel, Clio C. Silman, Steve Wildman #digitalbanking #CFPB #digitaltransformation #openbanking #data

Week - Data challenge Every bank customer has a story hidden behind their account. Some save steadily. Some borrow and repay. Some struggle with credit. Some surprise you with balances bigger than you expect. When I designed this dashboard, I wasn't just arranging charts - I as looking for patterns that tell us: 👉 Who trusts the bank most? 👉 Who struggles the most? 👉 Where the future of banking really lies. And here is the twist: the youngest customers (Gen Z) actually hold higher balances than many older ones. That's not something you do expect - but it shows where the future really is. That is the power of data -beyond numbers, it's about people and decisions. #DataAnalytics #StorytellingWithData #LetsTalkExcelWithFreedom

The September edition of the Financial Services Brief is out! This edition covers topics like AI-driven fraud detection, operational resilience, speed in banking, and trust-building across financial services.

The September edition of the Financial Services Brief is out! This edition covers topics like AI-driven fraud detection, operational resilience, speed in banking, and trust-building across financial services.

Big news for CreditProtect customers! We’re excited to announce that ATO payment default data is now part of our bureau. We are proud to bring this critical data into the CreditProtect platform. Why does this matter? Because ATO defaults are one of the strongest indicators of financial stress — and a critical data point for any credit assessment. Adding this to our platform means CreditProtect customers can assess risk with even greater confidence. It’s another step forward in our mission to make powerful, enterprise-grade credit intelligence accessible and affordable for all businesses. #CreditRisk #ATOData #CreditProtect #RiskManagement #SMEs #CreditIntelligence

One of the things I love about working in this space is seeing how quickly our understanding of #creditrisk is evolving. Kevin King, our VP of Credit Risk at LexisNexis Risk Solutions, recently pointed out that more than 25% of today’s credit applicants aren’t being accurately assessed using traditional data alone. That stat really made me pause. It’s not about replacing traditional credit data—it’s about building on it. #Alternativedata gives lenders a more complete view, especially when it comes to consumers who might otherwise be overlooked. As Kevin said, “To stay competitive, lenders need to incorporate a broader set of alternative data into their risk assessment process.” And with the rise of BNPL, shifting consumer behavior and increasing fraud, that broader view is more important than ever. If you’re in lending, risk or fintech, this is a conversation worth having. https://bit.ly/3HMtH6B