Credit referencing and support

325 articles tagged with this keyword

/retail

Experian taps open banking for new Cashflow Score

Experian is embracing open banking with a new product that lets Americans share their transaction data to get a 'Cashflow Score' that firms can use when making credit decisions.

/crypto

MoonPay secures $200 million revolving credit line from Galaxy

In what has been dubbed one of the largest of its kind in the crypto industry, MoonPay’s credit line with Galaxy comes at a time of unprecedented momentum for the crypto industry, ensuring the solution provider is in a position to capitalise and solidify its role in the global digital economy.

/payments

BNPL credit startup Qlarifi raises £1.4 million

Qlarifi, a fintech start-up building a BNPL consumer credit database, has raised £1.4 million in pre-Seed funding.

/inclusion

HSBC joins $51m funding round for immigrant neobank Zolve

Zolve, a neobank for immigrants to the US is planning international growth after securing $51 million in a Series B funding round led by Creaegis and joined by HSBC.

/inclusion

JPMorgan Chase invests in FairPlay

JPMorgan Chase has joined a $10 million investment round in FairPlay, a "Fairness-as-a-Service" company using AI fairness techniques to reduce algorithmic bias in lending.

/startups

HSBC invests €36m in London fintech ClearScore

ClearScore, a London-based startup providing credit scoring services, has secured €36.1m in debt financing from its principal backer HSBC.

/payments

Fico to add BNPL data to credit scores

Following a year-long study with Affirm, Fico is planning to add buy now, pay later data to its credit scores.

/inclusion

Davos: SC Ventures, Yabx invest $10m in purpose-driven lending platform Furaha

Standard Chartered’s innovation, fintech investment and ventures arm and Yabx Technologies, a Tech Mahindra group company, have signed a set of agreements to formalise their joint investment in Furaha.

/retail

DriveScore helps good drivers get cheaper car finance

DriveScore, a UK app that uses telematics to track how users drive to help them save on insurance, is moving into car finance.

/retail

Intelligent Lending acquires TotallyMoney

Manchester-based Intelligent Lending has acquired credit scoring and personal finance app TotallyMoney.

/retail

TransUnion to acquire Monevo

Credit bureau TransUnion is to acquire UK-based Monevo, a provider of loan prequalification data for banks to deliver personalised offers to consumers via comparison websites and other third parties.

/regulation

CFPB sues Experian over "sham investigations" into consumer disputes

The Consumer Financial Protection Bureau (CFPB) has sued credit reporting agency Experian for unlawfully failing to properly investigate consumer disputes and showing uncritical deferrence to institutional submissions.

/security

Gen Digital to buy MoneyLion for $1bn

Mobile banking firm MoneyLion has agreed to be acquired by tech group Gen Digital in a $1 billion cash deal.

/ai

Zopa raises £68 million in equity funding

The funding will support growth ahead of the launch of Zopa's flagship current account and GenAI proposition in 2025.

/wholesale

ING rolls out up-to-the-minute credit assessment tool for business clients

ING has rolled out a new digtial tool that helps businesses in The Netherlands more accurately assess the creditworthiness of their customers and suppliers.

/retail

Argentinian fintech Ualá hits $2.75bn valuation on $300m funding round

The VC arm of insurance giant Allianz has led a $300 million Series E funding round for Ualá which values the Argentinian mobile banking player at $2.75 billion.

/wholesale

Lloyds PE unit invests in LendingMetrics

Lloyds Banking Group's private equity investor LDC has backed credit risk technology provider LendingMetrics.

/retail

HSBC to accept overseas credit history for UK mortgage applications

HSBC is to make it easier for international customers with no local credit history to apply for a UK mortgage.

/retail

AperiData rolls out open banking credit score

Credit Referencing Agency AperiData has released a real-time open banking credit score to help lenders more accurately guage the ability of applicants with limited credit history to repay their debt.

/retail

Mastercard taps open banking for streamlined lending

Mastercard has boosted its open banking programme, making it easier for Americans to secure loans by streamlining income and employment verification processes.