The financial-technology firm Plaid Inc. is launching a credit-score service to provide banks and fintechs more detailed and timely information on consumers’ financial health. Plaid — whose services connect banks and fintechs — is launching LendScore, a rating that will range from 1-99 with a particular focus on helping lenders serving subprime and near-prime consumers, […]

Plaid on Wednesday introduced LendScore, a new credit risk model that uses real-time cash flow data and account connection insights to give mortgage lenders a more complete view of a borrower’s financial situation. The launch comes amid significant shifts in consumer borrowing behavior and credit scoring. Plaid pointed to a recent TransUnion study, which found