现金流承销：重塑借贷格局（英）

November 2024 Cash Flow Underwriting: Reshaping the Lending Landscape Stewart Watterson Prepared for:November 2024 Cash Flow Underwriting: Reshaping the Lending Landscape Stewart Watterson © 2024 Datos Insights or its affiliates. This report has been sponsored by Plaid and made available under license. 1 Table of Contents Executive Summary .................................................................................................................. 2 Introduction .............................................................................................................................. 4 Methodology ........................................................................................................................ 4 What Is Cash Flow Underwriting? .......................................................................................... 6 Key to Cash Flow Underwriting: Open Banking ............................................................... 7 Why This Matters Now ......................................................................................................... 8 Use Cases of Cash Flow Data ........................................................................................... 10 Expanded Cash Flow Data Uses ....................................................................................... 11 Regulator’s Perspective ..................................................................................................... 12 Challenges to Widespread Adoption .............................................................................. 12 Industry Adoption of Cash Flow Underwriting ............................................................... 13 Conclusion .............................................................................................................................. 16 About Plaid ............................................................................................................................. 17 List of Figures Figure 1: Survey Institution Size ............................................................................................. 4 Figure 2: Lender’s Growing Confidence in Alternative Credit Data .................................. 6 Figure 3: Challenges With Traditional Credit Data .............................................................. 8 Figure 4: Lender’s Confidence in Traditional Credit Data ................................................... 9 Cash Flow Underwriting: Reshaping the Lending Landscape © 2024 Datos Insights or its affiliates. This report has been sponsored by Plaid and made available under license. 2 Executive Summary This paper examines the transformative impact of cash flow underwriting on lending, particularly in consumer lending. Drawing on extensive industry research and data from multiple sources, including surveys conducted by Datos Insights and reports from leading fintech companies, this analysis explores how cash flow underwriting is reshaping credit decisio