311 articles tagged with this keyword
News/Credit referencing and support
Following news of the probe into Apple Card’s credit worthiness algorithm after sexism claims, University of Edinburgh Business School reveals that including gender in credit scoring models improves women’s chances of being granted credit.
12 November 2019
US regulators have opened a probe into the algorithm used to determine the credit worthiness of Apple Card applicants after a man took to Twitter to call it "sexist" for giving him a credit limit 20 times higher than his wife's.
11 November 2019
News/startups
ID Finance, a digital lending platform that uses smart credit scoring technology to target the underbanked in Spain and Latin America, has raised a record £4.4 million on Crowdcube.
05 November 2019
News/payments
Paidy, a Japanese instant credit startup, has raised $83 million in a Series C extension joined by PayPal and secured an additional $60 million in debt financing.
01 November 2019
TotallyMoney, a UK fintech startup providing consumer credit reports, has secured £5 million in debt funding from Silicon Valley Bank.
30 October 2019
News/inclusion
UK open banking-powered online lender, Koyo, is set to launch later in the year following a £3.8m ($4.9m) raise in debt and equity funding.
29 October 2019
US credit scoring outfit Credit Karma is launching its first financial product, offering its 100 million members the opportunity to open a high-yield savings account with the firm.
04 October 2019
News/ai
Kreditech, a German-based online lender and POS financing provider focused on "near prime" borrowers, is looking to the Indian market after raising EUR20 million in funding.
25 September 2019
Dutch bank ING has invested in Flowcast, a startup that uses machine learning algorithms to create predictive models that reduce risk and unlock credit to businesses.
Challenger Revolut is planning to open a customer service centre in Portugal that will employ 400 people.
02 September 2019
Tala, a California-based outfit that uses customers' mobile phone data to build credit profiles and make lending decisions, has raised $110 million for a push into the Indian market.
22 August 2019
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
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
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
British bank NatWest is piloting a digital working capital product that offers a credit limit based on business customers' unpaid invoices.
04 July 2019
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
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.
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
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
On the final day of Money 20/20 Europe 2019 in Amsterdam, Jesse McWaters, financial innovation lead at the World Economic Forum starts the day discussing the interplay of AI, cloud, blockchain and quantum computing, and what happens when it all collides.
05 June 2019
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