An update to Square’s credit risk model for its Square Capital commercial lending product — first disclosed yesterday — was “a key driver of Capital’s outperformance in the fourth quarter,” the company said. The advancement of Capital is key for Square as it continues to grow the fast-growing — and lucrative — lending product. Last …Read More

Source: https://bankinnovation.net/allposts/operations/cap-fund/square-revises-credit-risk-model-for-its-smb-lending-program/