Credit referencing and support

890 articles tagged with this keyword

/retail

Singapore-based Finbots.AI raises $3 million

Singapore-based Finbots.AI, an Artificial Intelligence-envisioned firm bringing innovation to banks and financial institutions, today announced it has raised a successful Series A round of USD 3 Million.

/payments

Experian to debut Buy Now, Pay Later Bureau

Experian is to debut a buy now, pay later credit bureau this spring, providing US lenders with real-time data on customer spending and loan repayments without impacting credit scores.

/retail

MorganAsh uveils client vulnerability rating tool for mortgage brokers

MorganAsh, a leading support services provider to the financial sector, has launched a ground-breaking, consumer vulnerability assessment tool.

/startups

Pillar aims to break down the barriers to credit for migrants with €15.6 million pre-seed

Pillar, a fintech startup founded by Revolut alumni Ashutosh Bhatt and CTO, Adam Lewis, has raised €15.6 million to provide recently arrived immigrants to the UK with lending products.

/inclusion

QuadFi scores $100m financing facility with Crayhill Capital Management

QuadFi, a mission driven global fintech firm headquartered in Canada, today announced that it has entered into an agreement for a new financing facility of up to US $100M (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager.

/retail

Shawbrook offers lending discount for consumers sharing open banking data

UK specialist lender Shawbrook Bank is using Open Banking technology from ClearScore to assess the creditworthiness of potential customers and offering a discount on loans for those who share their data.

/retail

Revolut taps Cross River to build US biz

Cross River Bank (Cross River), a technology infrastructure provider that offers embedded financial solutions, today announced that it has partnered with Revolut, a global financial superapp with over 18 million customers worldwide, to build and scale Revolut’s business in the U.S. leveraging Cross River’s technology and regulatory infrastructure.

/regulation

CFPB says TransUnion "incapable of operating its businesses lawfully"

The Consumer Financial Protection Bureau has branded TransUnion as an "out-of-control repeat offender that believes it is above the law", after the credit reporting agency violated an order to stop from engaging in deceptive marketing practices.

/startups

International credit bureau Nova Credit launches in UK

Nova Credit, a US fintech startup that unlocks credit histories for immigrants, has launched in the UK.

/retail

TransUnion picks Provenir for AI-powered risk decisioning

Provenir, a global leader in AI-powered risk decisioning software, today announced it has been selected to join TransUnion’s Strategic Alliance Distribution Program.

/payments

Zilch updates BNPL affordability criteria with Experian

Meeting concerns over affordability checks in buy now, pay later loans, the UK's Zilch has partnered with Experian to begin reciprocal reporting of credit data.

/payments

Paysend introduces credit builder and pay later products

Paysend, the UK-based fintech with over 6.5 million customers, today announces the launch of two new products to help customers improve their financial health: Credit Builder and Pay Later.

/retail

Marqeta survey finds 79% denied a loan due to outdated affordability criteria

Marqeta, the global modern card issuing platform, today released new data from a survey of European consumers on their attitudes and experiences of lending. The findings, which will be detailed in an upcoming report on the future of lending, shows many consumers still feel frozen out of the lending bubble, held back by outdated lending criteria and assessments – such as credit scores. Yet change could be on the horizon, with 59% of European consumers saying they are more aware of new lending options due to the pandemic, with 61% being more willing to use them.

/retail

Lodestar to bolster Oklahoma Credit Union's data strategy

Lodestar Technologies Inc., a business intelligence leader in the financial services industry, welcomes its newest client to the growing community. Oklahoma's Credit Union (OKCU), based in Oklahoma City, has chosen Lodestar as a trusted partner in their initiative to transform the credit union's data strategy.

/startups

Jia Finance raises $5m to help Asian investors get US residential mortgages

Jia Finance, an online residential mortgage platform for foreign investors, is now scaling its offering in the U.S. for international buyers and announcing its $5 million seed round of funding.

/predictions

Apple looks to bring payment processing in-house - Bloomberg

Apple is working to bring a host of financial services work, including payments processing, in-house to reduce its reliance on outside fintech partners, according to Bloomberg.

/retail

Apple quietly acquires Credit Kudos for $150 million

Apple has reportedly acquired UK credit bureau Credit Kudos, which uses open banking technology to deliver finely-tuned credit scores.

/security

Cybercriminals demand $15 million ransom for return of hacked TransUnion data

Hackers are demanding a $15 million payment for the return of 54 million customer records stolen form a server operated by credit bureau TransUnion in South Africa.

/retail

Advance AI and FinScore to boost alternative credit scoring and fraud prevention in the Philippines

ADVANCE.AI, a leading AI company specialising in digital identity verification, risk management and process automation, has signed a strategic data partnership with FinScore to help boost financial inclusion and access to the unbanked and underbanked customers in the Philippines and wider Southeast Asia (SEA).

/startups

Stellar raises $7m to tackle American credit system

Stellar, on a mission to provide unprecedented access to credit-building and financial tools to underserved communities, attracted key investors to close an oversubscribed $7M initial funding round.