Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Lendable hires new CIO and COO

Lendable, Inc., the London, New York, and Nairobi based technology-enabled funding provider to frontier and emerging market non-bank lenders is proud to welcome Hani Ibrahim as the new Chief Investment Officer and Des Denning as the new Chief Operating Officer and Chief Financial Officer. Hani will oversee Lendable’s investment strategy and monitoring, including the deployment and management of Lendable’s latest initiative, the Frontier Credit Fund, while Des will oversee Lendable’s internal operations and finances.

16 August 2019

Company update/retail

TransUnion appoints Sam Welch to its UK executive team

TransUnion has appointed Sam Welch to its UK executive team, as he joins the business as part of its global strategy and planning function.

13 August 2019

News/Credit referencing and support

FinApps hits Envestnet/Yodlee with $100 million lawsuit

Fintech startup Financial Apps is suing former partner Envestnet/Yodlee, claiming that the latter ripped off FinApps' proprietary code to release its own product.

09 August 2019

News/Credit referencing and support

Capital One data breach leaves 100 million vulnerable

Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.

30 July 2019

Company update/security

Equifax shells out $671 million to settle data breach litigation and regulatory probes

Equifax Inc. (NYSE: EFX) today announced a comprehensive resolution of significant U.S. consumer-related litigation and regulatory matters facing the company related to its 2017 cybersecurity incident.

22 July 2019

Company update/Credit referencing and support

TransUnion maps consumer data for TrueVision credit reporting

Global information solutions provider TransUnion has announced the launch of TrueVision – a suite of trended data capabilities which can fundamentally transform the way finance providers understand and evaluate their customers.

18 July 2019

News/ai

Temenos buys Explainable AI firm Logical Glue

Swiss banking software provider Temenos has acquired Logical Glue, a London-based Explainable AI (XAI) specialist with financial services customers in the UK and Europe. Financial terms were not disclosed.

18 July 2019

Company update/startups

Experian Ventures invests in German startup bonify

Berlin-based fintech start-up bonify today announced new investments from Experian Ventures, the venture capital arm of Experian plc, and Santander InnoVentures. A number of other investors also participated in the investment round.

16 July 2019

Company update/Credit referencing and support

BOX Processing ships Open API based credit processing platform

Following a round of investment BOX Processing launches the markets’ most modern platform for credit processing.

15 July 2019

Company update/Credit referencing and support

Starling partners CreditLadder to help renters get on property ladder

Starling, the leading digital bank, has partnered with CreditLadder, the UK’s largest rent recognition platform, in a move that will help thousands of Starling customers improve their credit score and get on to the property ladder.

08 July 2019

News/Credit referencing and support

NatWest rolls out digital working capital product

British bank NatWest is piloting a digital working capital product that offers a credit limit based on business customers' unpaid invoices.

04 July 2019

News/Credit referencing and support

OakNorth wins tech deal with NIBC Bank

OakNorth has signed a five-year deal with Dutch lender NIBC Bank in the first publicised sale by the British lender of its credit decisioning platform.

02 July 2019

News/Credit referencing and support

Former Equifax CIO jailed for insider trading

A former Equifax CIO who sold stock in the company weeks before a massive data breach was made public has been sentenced to four months in prison for insider trading.

02 July 2019

Company update/Credit referencing and support

Line releases proprietary scoring engine

LINE Corporation (“LINE”) announces that its proprietary scoring service LINE Score will be available today through LINE Credit Corporation (“LINE Credit”).

28 June 2019

News/Credit referencing and support

FCA launches probe into credit referencing market

The Financial Conduct Authority has commenced a probe into the workings of the credit information market, amid concerns that some consumers are not getting a fair shake when applying for loans and credit cards.

27 June 2019

Company update/Credit referencing and support

Canopy raises £3.1 million

Canopy, the digital rental market-place which is on a mission to help millions of renters achieve greater financial resilience, has raised £3.1m, in the first few weeks of its current funding campaign.

27 June 2019

Company update/Credit referencing and support

CreditLadder supports Revolut for rent reporting

UK based tenants among the 1.4 million-plus customers of Revolut, one of the UK’s fastest growing challenger banks, are now able to report their rent through CreditLadder to credit reference agency Experian.

26 June 2019

Company update/Credit referencing and support

Mogo Finance Technology and Difference Capital merge

Mogo Finance Technology Inc. (TSX:MOGO) (NASDAQ: MOGO) ("Mogo") and Difference Capital Financial Inc. (now “Mogo Inc.”) (TSX: DCF) ("Difference" or, following the Arrangement (as defined below), the “Combined Entity”) are pleased to announce the completion of Mogo’s previously announced arrangement (the “Arrangement”) under the Business Corporations Act(British Columbia) (“BCBCA”), pursuant to which Mogo combined its business with the business of Difference.

21 June 2019

News/Credit referencing and support

Amazon targets unbanked with 'Credit Builder' card

Amazon has teamed up with Synchrony Financial to launch a secured credit card targeted at Americans with no credit history or bad credit.

10 June 2019

Company update/ai

Cybertonica and Credit Kudos partner on AI-powered credit scoring

Cybertonica and Credit Kudos announced at Money20/20 a new partnership using their combined platforms to automate credit scoring, harnessing Open Banking.

06 June 2019