310 articles tagged with this keyword
News/Credit referencing and support
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
National Australia Bank has been accused of 'spying' on business customers who apply to rival banks for new financing.
20 June 2016
India's central bank is to set up a committee to explore the potential for the country's fintech market which is predicted to double in worth to $2.4bn in the next four years.
08 June 2016
British startup Ormsby Street has launched its small business credit-checking tool in Germany through a partnership with Deutsche Bank.
26 May 2016
Capital Float, India's largest online lending platform, has raised $25 million in a Series B funding round led by Creation Investments Capital Management.
12 May 2016
Japanese financial conglomerate SBI Holdings has set its stall out as a central player in the fintech ecosystem, promising to aggressively adopt new technology and build a network of startups through a $275 million venture fund.
In a week in which the sector has been rocked by the Lending Club scandal, online marketplaces have been warned in a new report from the US Treasury that they need to be more transparent and should, in some cases, face greater regulatory oversight.
11 May 2016
Branch, a startup promising to bring lending to people in developing nations by using data stored on their mobile phones to make credit decisions, has raised $9.2 million in a Series A funding round led by Andreessen Horowitz.
31 March 2016
US online lending powerhouse SoFi has declared itself a Fico-free zone, ditching traditional credit scores in favour of what it claims are more useful data.
12 January 2016
JPMorgan Chase has become the latest bank to team up with an alternative lender, striking a deal with OnDeck Capital to deliver loans to its small business customers.
02 December 2015
Earnest has raised $75 million in a Series B funding round and secured another $200 million in debt financing as it prepares to take on traditional banks with its data-centric approach to online lending.
17 November 2015
In the latest in a series of high profile data breaches, credit referencing agency Experian says hackers accessed its servers and stole the personal details of 15 million prospective T-Mobile customers.
02 October 2015
The venture capital arm of Germany's CommerzBank has joined in a $20m funding round for UK-based SME lending platform iwoca.
30 July 2015
A fintech startup is attempting to humanise the credit market by using unstructured data such as social media signals.
21 July 2015
A startup offering free credit checks has been launched by the former managing director of Google UK, Dan Cobley.
20 July 2015
Credit and financial management service Credit Karma has raised $175 million in a Series D funding round joined by Tiger Global Management, Valinor Management and Viking Global Investors.
23 June 2015
Fair Isaac is piloting a new credit scoring system that uses alternative data that should make it easier for the underbanked to prove their creditworthiness.
02 April 2015
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