Latest Credit referencing and support News: Finextra Research

Australian Government moves to open up the banking industry

Australia has moved one step closer to implementing an Open Banking regime with the publication of a final Government report into the issue, accompanied by draft legislation to mandate comprehensive credit reporting.

09 February 2018

Company update/Credit referencing and support

Poland's FinAi receives PLN 7.3 million in funding to build a new credit risk model

The National Centre for Research and Development in Poland (NCBR) granted FinAi PLN 7.3 million (ca. EUR 1.75 million) under the Smart Growth Operational Programme.

08 February 2018

Company update/Credit referencing and support

Toyota Financial Services launches credit assessment evaluation with Aire

Aire, which provides an alternative way for lenders to understand and score credit applicants, today announces that it is launching an evaluation with TFS for its Artificial Intelligence (AI) platform.

08 February 2018

Company update/Credit referencing and support

NAB pledges to make small cash loans fairer with Speckle

Small problems can easily turn in to financial emergencies for millions of people who don’t have any savings and can’t access any credit.

06 February 2018

Company update/Credit referencing and support

Equifax opens commercial credit data sharing utility

Equifax, the consumer and business insights expert, has launched a new solution to support the government Commercial Credit Data Sharing (CCDS) initiative seeking to stimulate competition and encourage new entrants in SME lending, thereby addressing the shortfall in access to finance.

05 February 2018

Company update/Credit referencing and support

Tenant credit rating platform CreditLadder joins Open Banking movement

CreditLadder.co.uk is the first tenant credit rating improvement platform in the UK to integrate the new Open Banking rules into both its business model and tech.

29 January 2018

Company update/Credit referencing and support

Roostify integrate mortgage platform with LendingTree

Roostify, a provider of automated mortgage transaction technology, today announced that it has integrated its online mortgage platform with LendingTree (NASDAQ: TREE), the nation’s leading online loan marketplace.

25 January 2018

News/Credit referencing and support

Baidu seeks to raise $2bn for finance unit

Chinese search engine Baidu is looking to raise up to $2 billion to take on fellow tech behemoths Alibaba and Tencent in the financial services sector, according to Reuters.

25 January 2018

News/Credit referencing and support

Tryb scores $30m investment to build Asean financial infrastructure platform

Tryb, an Asian firm looking to buy and develop local fintech startups in order to create a "financial infrastructure platform for Asean", has raised US$30 million from the Makara Innovation Fund.

25 January 2018

News/Credit referencing and support

Spotcap introduces lending-as-a-service

Berlin-based online SME lending platform Spotcap is diversifying its business model, offering its technology to other companies, beginning with Austrian banking group Bawag.

22 January 2018

Company update/Credit referencing and support

LendingPoint buys LoanHero

LendingPoint, the company working to revolutionize access to consumer credit, today announced that it has acquired LoanHero, a leading fintech platform for point of sale finance.

11 January 2018

Company update/Credit referencing and support

Marquette Bank renews contract with Baker Hill

Baker Hill, a leading provider of technology solutions for commercial loan origination, risk management, relationship management and smart data analytics, has expanded its partnership with Marquette Bank and will implement several Baker Hill NextGen™ solutions.

11 January 2018

News/Credit referencing and support

Petal raises $13m for credit card aimed at people without credit history

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $13 million in a Series A funding round led by Peter Thiel's Valar Ventures.

10 January 2018

Company update/Credit referencing and support

Indecomm integrates IncomeGenius with Lendsnap

Indecomm Global Services, a leading provider of business process as a service (BPaaS), software as a service (SaaS) technology, and learning products for the mortgage industry, announces the integration of its IncomeGenius automated solution for income calculations, with Lendsnap, a POS solution that collects borrower income and asset documents directly and securely from their source.

06 December 2017

Company update/Credit referencing and support

DueDil and Credit Data Research join forces to boost access to finance for SMEs

DueDil, the company information platform, announces that it is joining forces with Credit Data Research, market leader in credit behavioural analysis, to boost access to business finance.

06 December 2017

News/Credit referencing and support

UK Treasury looks to fintech to revive the mortgage market

HM Treasury is offering £2 million to budding entrepreneurs who can develop an application that will enable Britain’s 11 million renters to record and share their rent payment data, helping to improve their credit scores and their chances of getting a mortgage.

06 December 2017

Company update/Credit referencing and support

African Bank centralises credit decision management with Fico

African Bank can now launch new credit strategies 30 percent faster at 25 percent lower cost and can make changes to credit strategies in two days instead of two months.

23 November 2017

Company update/Credit referencing and support

Bamboo leads $7 million round in credit scoring startup First Access

Bamboo Capital Partners (“Bamboo”), a leading impact investment private equity firm delivering social and financial value, has led the $7m Series A investment round in First Access, a cutting-edge fintech company that offers a smart data platform for analytics and credit scoring to lending institutions in emerging markets.

20 November 2017

News/Credit referencing and support

BNP Paribas buys stake in SME credit specialist Caple

BNP Paribas Asset Management (BNPP AM) has bought a 10% stake in a new alternative SME credit specialist called Caple as part of a wider strategic alliance.

17 November 2017

Company update/Credit referencing and support

Kabbage gets $200m revolving credit facility from Credit Suisse

Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced a new $200 million asset-backed revolving credit facility with Credit Suisse, a global financial institution.

16 November 2017