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Stock impact report

Affirm updates underwriting with enhanced signals to better reflect consumers’ real-time finances

Affirm Holdings, Inc. - Class A (AFRM) 
Company Research Source: Business Wire
Real-time balance and cash flow insights give Affirm an even more complete view of someone’s financial standing at checkout SAN FRANCISCO--(BUSINESS WIRE)--Real life moves fast — and people’s finances can change just as quickly. Affirm (NASDAQ: AFRM) is updating its underwriting to reflect that reality. Building on its longstanding approach of underwriting every transaction, Affirm’s latest underwriting now incorporates richer real-time signals like account balances and cash flow trends. These insights give Affirm an even clearer, more current view of someone’s financial standing at checkout, leading to more informed and responsible credit decisions.These enhanced signals are already helping Affirm Card users who’ve linked a third-party bank account or have an Affirm Money Account. This capability will soon expand to more consumers who choose to link their bank account with Affirm.Consumers apply each time they want to use Affirm, and Affirm makes a real-time credit decision based Show less Read more
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