Credit referencing and support

306 articles tagged with this keyword

/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.

/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.

/Credit referencing and support

Equifax profits dive on data breach costs

Equifax has reported a 27% drop in profits in its third quarter results as the costs of recovering from a recently disclosed data breach begin to mount.

/Credit referencing and support

Mobile lender WeLab scoops $220 million in financing

Alibaba, Credit Suisse, and the World Bank's International Finance Corporation have joined in a $220 miliion Series B and debt financing round for Hong Kong-based mobile lender WeLab.

/Credit referencing and support

New DLT consortium forms for syndicated lending market

A consortium of fintechs and banks has developed a distributed ledger technology (DLT) platform for the syndicated lending market.

/Credit referencing and support

Equifax CEO quits after massive hack

Equifax chief executive and chairman Richard Smith has retired in the wake of the data breach at the credit referencing firm that exposed the personal details of approximately 143 million US consumers.

/Credit referencing and support

Equifax hack: Visa and Mastercard flag 200k compromised credit cards

The details of more than 200,000 Visa and Mastercard cards were stolen during the recent cyber-breach at credit referencing firm Equifax.

/Credit referencing and support

Santander invests in startup that helps underbanked buy smartphones

Santander InnoVentures has joined a $6 million funding round for PayJoy, a San Francisco-based startup working to help underbanked people buy smartphones.

/Credit referencing and support

Huge Equifax breach hits 143 million consumers

Credit referencing firm Equifax has reported a cyber-breach which spilled the personal details of approximately 143 million US consumers.

/Credit referencing and support

Earnest to create 500 jobs in Utah move

San Francisco-based fintech startup Earnest is opening a second location in Utah, adding up to 500 jobs to the community and $5.6 million in capital investment over the next five years.

/Credit referencing and support

PayPal buys Swift Financial to boost working capital biz

PayPal is expanding its working capital programme for merchants through the acquisition of online lending firm Swift Financial. Terms of the deal were not disclosed.

/Credit referencing and support

PayPal invests in LendUp

PayPal has made a strategic investment in LendUp, an online lender targeting Americans that are generally considered too risky by traditional banks. Terms of the deal were not disclosed.

/Credit referencing and support

Capital One Canada launches free credit score tool

Canadians are suffering from ostrich syndrome, according to a new survey from Capital One which shows that more than half have never attempted to get their credit score.

/Credit referencing and support

Fintech lender Tala scores $30 million funding round

LA-based mobile technology and data science lending startup Tala has has raised more than $30 million in Series B financing, led by IVP and joined by Ribbit Capital. Additional participants include existing investors Lowercase Capital, Data Collective, Collaborative Fund and Female Founders Fund (F3).

/Credit referencing and support

Ousted Lending Club CEO Laplanche launches rival platform

A year after being forced out of Lending Club, the firm's founder Renaud Laplanche is back with a new online lending platform and $60 million in financing.

/Credit referencing and support

Online lender Upstart raises $32.5m

Upstart, a US online lender founded by a gaggle of former Googlers, has raised $32.5 million in a funding round led by Japan's Rakuten and an unnamed asset manager.

/Credit referencing and support

Misys adds crowdlending to core banking package

Core banking vendor Misys has launched a crowdlending module to enable financial institutions to move into the alternative finance marketplace.

/Credit referencing and support

Fed Governor sounds warning on alternative credit scoring data

A Federal Reserve governor has cautioned fintech firms about the risks of using non-traditional data such as social media information to judge creditworthiness, warning that it could lead to them falling foul of fair lending laws.

/Credit referencing and support

Developing world fintech incubator showers cash on top performers

Digital Financial Services (DFS) Lab, a developing world-focused fintech incubator backed by the Bill and Melinda Gates Foundation, has handed over more than $400,000 to four startups that impressed during an intensive bootcamp.

/Credit referencing and support

Baidu partners ZestFinance to turn search data into credit scores

Chinese web giant Baidu has made an investment in ZestFinance, a US fintech startup using machine learning to overhaul the credit scoring business. The size of the deal has not been disclosed.