We’re living 21st century lives underpinned by 20th century financial models. Juan Hernandez, our Head of Underwriting and Credit, breaks down in POLITICO how near real-time transaction data creates a more responsive and inclusive financial economy for everyone. Get up to speed 👇
The credit system still relies on slow, outdated signals while people’s financial lives move in real time. At Block, we are building models that reflect how people actually earn, spend, and repay. Using near real-time transaction data, AI, and machine learning, we can assess risk more accurately, expand inclusion responsibly, and deliver better outcomes for consumers. This shift can help build a fairer and more responsive financial system. Read more at POLITICO here: https://lnkd.in/gitM-Ag3