306 articles tagged with this keyword
News/Credit referencing and support
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
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
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.
10 November 2017
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.
08 November 2017
A consortium of fintechs and banks has developed a distributed ledger technology (DLT) platform for the syndicated lending market.
05 October 2017
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.
26 September 2017
The details of more than 200,000 Visa and Mastercard cards were stolen during the recent cyber-breach at credit referencing firm Equifax.
15 September 2017
Santander InnoVentures has joined a $6 million funding round for PayJoy, a San Francisco-based startup working to help underbanked people buy smartphones.
11 September 2017
Credit referencing firm Equifax has reported a cyber-breach which spilled the personal details of approximately 143 million US consumers.
08 September 2017
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.
16 August 2017
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.
11 August 2017
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.
29 June 2017
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.
05 May 2017
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).
18 April 2017
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.
06 April 2017
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.
03 March 2017
Core banking vendor Misys has launched a crowdlending module to enable financial institutions to move into the alternative finance marketplace.
17 January 2017
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.
05 December 2016
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.
01 December 2016
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.
18 July 2016
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.