306 articles tagged with this keyword
News/inclusion
Branch International, a San Francisco-based startup that uses mobile phones to offer loans to people without bank accounts in developing countries, has closed a $170 million Series C funding round led by Foundation Capital and Visa, which is also backing the firm through a strategic partnership.
08 April 2019
News/Credit referencing and support
South African digital lender TymeBank has enlisted the help of artificial intelligence-powered conversational banking technology provider Finn AI to build a financial fitness coach called Max.
02 April 2019
Money 20/20 Asia day three opened with a detailed discussion on reaching the unbanked in South East Asia, following an age in which financial inclusion has been driven by regulatory and policy mandates. Today, the ‘financial inclusion market’ is leveraging data analytics to offer a greater choice for consumers and expand in areas that financial institutions previously avoided because of increased paperwork.
21 March 2019
Nationwide Building Society is teaming up with rent reporting platform CreditLadder to help tenants investigate whether they can become homeowners.
20 March 2019
News/ai
United Overseas Bank is to run small business trading data from companies transacting over B2B e-commerce platform OctoRocket through an AI-based credit assessment tool to speed up the loan approval process.
28 February 2019
News/regulation
Experian has canned its proposed £275 million acquisition of rival credit referencing firm ClearScore in the wake of resistance to the deal from competition regulators.
27 February 2019
News/startups
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
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
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
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
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
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
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
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
Upturn, a US startup incubated by BBVA, has officially launched, offering a free online tool that simplifies and streamlines the process of disputing inaccuracies on people's credit reports.
15 November 2018
Santander's fintech venture capital fund has invested in German credit scoring and personal finance app Bonify. Details were not disclosed.
News/payments
For the seventh year running, Money 20/20 put on an impressive show in Las Vegas and welcomed thousands of innovators from the fintech and banking industries to learn about disruption and forge business connections.
01 November 2018
Singapore-based DBS has begun testing a chatbot that allows customers to order and pay for meals at participating restaurants through Facebook Messenger.
29 October 2018
Jumo, an African fintech startup that helps the underbanked get access to financial services such as loans and savings products, has set its sights on Asia after securing $52 million in a funding round led by Goldman Sachs.
18 September 2018
Mastercard and American Express are among the big names to join a $15 million Series A funding round for Divido, a consumer finance platform for retailers, lenders and payment partners.
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