American Express is harnessing vast customer data for dynamic credit decisions 📊💳; PayPal's offline payments push 👋📱; UBS’s AI tool that can scan 300,000 firms in 20 secs 😳🤖

FinTech is Eating the World, 10 September

Hey Everyone,

Good morning & happy Wednesday! Today’s issue is the best one yet as we’re going to look at American Express which is harnessing vast customer data for dynamic credit decisions (what it’s all about & what it tells us about the future + a bonus deep dive into AmEx), PayPal which is doubling down on offline payments push (a recap of their new strategy, what’s the USP & what’s next + bonus dives on PayPal & co inside), and UBS’s new AI tool that can scan 300,000 firms in 20 secs (why it’s another sign of paradigm shift in banking + bonus reads on JPM that’s crushing it on all things Finance + AI). So let’s just jump straight into the exciting stuff 🌶️

American Express is harnessing vast customer data for dynamic credit decisions 📊💳

The news 🗞️ Credit card network giant American Express AXP 0.00%↑ is leveraging extensive customer data to make real-time credit decisions without imposing preset spending limits.

This approach, revealed by Anna Marrs, the company's group president of global commercial services and credit and fraud risk, offers insights into how financial institutions are evolving their risk management strategies in the digital age.

Let’s take a quick look at this and see why it matters.