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With the addition of cash flow insights to traditional credit data, lenders gain a broader view of consumers’ finances and can assess risk more efficiently and holistically, especially for consumers with limited credit history.
“Our work with Experian is about removing long-standing barriers, making it easier for lenders to access consumer-permissioned data and make better decisions,” Plaid Chief Operating Officer Eric Sager said in the release. “Together, we’re building a more inclusive, intelligent and competitive financial system.”
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