Should the FICO Score Be Retired?

In the 1950s, mathematicians and engineers created the FICO credit score with the belief that data analytics could help businesses and lenders make smarter decisions. Since then, the FICO score has been the go-to barometer to determine a borrower’s creditworthiness. But like so many other things that wane in popularity as they age, FICO’s reliability is […]

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How an Online Lending Platform Can Help Small Business Borrowers Find the Perfect SBA Loan

7(a). 504. Working capital. Merchant cash advance. Professional practice. Franchise startup. Peer-to-peer. Microloan. Line of credit.   With more than 25 different types of loans, it’s tricky for small business owners to navigate the lending environment. Various restrictions complicate matters even further, leaving borrowers unsure if they’re getting the right loan to match their needs […]

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Fintech Regulatory Updates: July 21, 2016

Fintech innovation operates in an ever-evolving financial regulatory landscape. Regulators are stepping up scrutiny of non-banks, particularly marketplace lenders, even as the new Consumer Financial Protection Bureau (CFPB) establishes its mandate and rules. This shifting landscape carries regulatory implications for traditional banks weighing fintech partnerships. In this blog series, Mirador will recap the latest regulatory […]

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