Declining Weight Of FICO Score

This problem tests your understanding of how FinTech lenders underwrite credit using proprietary platform data instead of relying only on traditional credit metrics. In a FIG interview, you should be able to explain why access to transaction and payment data can give lenders a richer, more current view of borrower behavior, and how that changes the lending process. Interviewers ask this kind of question to see whether you understand how technology is reshaping consumer and small business lending, including faster approvals, more automated credit decisions, and different sources of risk assessment than those used by traditional banks.