Latest Credit referencing and support News: Finextra Research

South African challenger Sasfin invests in Payabill

South African challenger bank Sasfin has moved to boost its SME business by buying a stake in local digital lending startup Payabill.

25 February 2019

News/inclusion

UN report dismisses fintech sandboxes in developing economies

The rise of fintech has the potential to extend the benefits of financial inclusion to millions of people but also poses complex regulatory challenges, says a new UN-backed report which also questions the value of the increasingly popular sandbox approach.

15 February 2019

Company update/Credit referencing and support

Aire and Experian forge reseller agreement

Aire, which aims to make credit fairer for consumers, and more valuable to lenders, has entered into a reseller agreement with Experian.

14 February 2019

Company update/Credit referencing and support

Unicaja Banco joins Fintonic’s consumer loans platform

Banco and the personal finance platform Fintonic, the first app in Spanish to organize personal finances, with over 500,000 users, have entered into a collaboration agreement to offer the bank’s consumer loans in an easy and agile manner, at any time and following a personalized process, within its goal of providing the best experience to customers.

13 February 2019

News/startups

Goldman Sachs leads $45m funding round for business credit startup Nav

Nav, a business financial management app that helps small firms get better financing by giving them free access to credit reports, has raised $44.8 million in a Series C funding round led by Goldman Sachs and joined by Experian Ventures.

12 February 2019

News/Credit referencing and support

Experian joins $11m funding round for credit scoring startup Aire

Aire, a fintech startup bidding to make credit "fairer" for consumers, has raised $11 million in a Series B funding round led by Crane Venture Partners and joined by Orange Digital Ventures and the venture arm of Experian.

04 February 2019

Company update/Credit referencing and support

The ID Co taps Open Banking for real-time lending decisions platform

Scottish based FinTech The ID Co. has today announced the launch of DirectID Insights.

31 January 2019

News/Credit referencing and support

Petal raises $30m for credit card aimed at unbanked

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has closed a $30 million Series B funding round led by Peter Thiel's Valar Ventures.

29 January 2019

Company update/ai

ZestFinance ports AI credit tool to Microsoft Cloud

Today, ZestFinance announced a strategic collaboration with Microsoft to deploy Zest's machine learning (ML) software tools directly on Microsoft Azure and Machine Learning Server platforms to deliver the first fully explainable artificial intelligence (AI) solution for highly regulated industries, starting with the financial sector.

28 January 2019

Company update/Credit referencing and support

TransUnion UK appoints Satrajit Saha as new CEO

Leading credit reference agency and information solutions provider TransUnion (formerly Callcredit), has announced today the appointment of Satrajit “Satty” Saha as its new chief executive officer.

23 January 2019

Company update/retail

KeyBank buys Laurel Road digital lending biz

KeyBank National Association today announced that KeyBank and Laurel Road Bank have entered into a definitive agreement for the acquisition by Key of Laurel Road's digital lending business; Laurel Road's three bank branches located in southeast Connecticut are not part of this transaction.

17 January 2019

Company update/retail

Banker’s Toolbox rebrands as Abrigo

Banker’s Toolbox, which acquired MainStreet Technologies (MST) and Sageworks in 2018, announced today that it is now Abrigo.

15 January 2019

Company update/retail

LendingFront closes $4m Series A round

LendingFront, a leading small business lending software provider, today announced it has raised a $4 million Series A funding round led by Information Venture Partners with participation from Newark Venture Partners, Revel Partners, Contour Venture Partners and existing investors Struck Capital, ValueStream Ventures and Las Olas VC.

07 January 2019

News/startups

Credit checking startup TotallyMoney agrees £29 million funding round

TotallyMoney, a fintech startup providing consumer credit reports, has agreed £29 million of funding from Elliott Advisors (UK) Limited (Elliott) and existing investors Scottish Equity Partners (SEP).

20 December 2018

Company update/Credit referencing and support

Equifax Ignite data and analytics suite launches in UK

Equifax, the consumer and business insights expert, is launching its Equifax Ignite solution to the UK market, following a successful launch in North America.

13 December 2018

Company update/Credit referencing and support

Experian to acquire South Africa's Compuscan for $263 million

Actis, a leading growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and analytics services, to Experian for ZAR3.72 billion (USD263 million).

11 December 2018

Company update/retail

Frankenmuth Credit Union signs for Sageworks lending tech

Frankenmuth Credit Union of Frankenmuth, Mich., has recently partnered with Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to over 1,500 banks and credit unions throughout the country.

03 December 2018

News/Credit referencing and support

LiveLend loan rates go down as borrowers' credit scores go up

A British startup has launched what it claims is the world's first 'dynamic' loan that rewards borrowers with better rates as they improve their credit score.

30 November 2018

Company update/retail

Numerated raises $8m

Numerated, the financial technology company offering banks a real-time lending and growth platform, announced today it has closed $8 million in additional financing—bringing its total funding to $17 million.

28 November 2018

News/Credit referencing and support

CMA finds Experian/ClearScore merger could hamper competition

The UK's anti-trust watchdog has provisionally found that Experian's takeover of ClearScore is likely to weaken competition in the credit reporting sector and have a negative effect on the services offered to customers.

28 November 2018