$50 here we come..., page-888

still scratching my receding hair line, trying to make sense of it. let me try and fill in the blanks

just because zip perform credit performance checks and apt doesn't ...and yet still record higher loss rates (for the purposes of this explanation, i'm putting aside my deep concern about how apt report their loss rates), this doesn't justify apt from not pulling the same credit check enquiry.

why? for the simple reasons that

a) zip's through the door population (ie applicants) are of a different profile to apt,
b) zips risk appetite will not be the same as apt....
c) and capacity to exercise prudent credit risk management will not be the same across bnpl providers

so, in short, there's a false equivalence here.

the only way to prove credit bureau data doesn't not provide 'significant uplift' for apt is to perform champion/challenger strategy....on their very own applicants... on their very own data...and not zips data

no self respecting risk officer will question the above...if they do, id love to hear their rebuttal.