Block announces Cash App Score pilot program

Cash App, a part of Block (XYZ), announced a pilot program that gives select customers visibility into their Cash App Score, a near real-time measure of a Cash App customer’s financial health. “The experience shows customers the score that informs their access to Cash App Borrow and empowers them to better understand how their everyday Cash App financial activity influences the score. Customers are then able to take actions within the app to strengthen their Score,” the company stated. “We’ve been using our near real-time underwriting models to power credit products for years. What the Cash App Score pilot does is give customers transparency into how their credit eligibility is determined. For the first time, customers in the pilot can see their scores, understand what factors are influencing them, and take specific actions to build their financial health within Cash App. It’s really about making something that’s traditionally been opaque much more accessible to people,” said Brian Boates, Risk Lead at Block.