311 articles tagged with this keyword
News/startups
Plend, a UK "ethical lender" that is ditching the traditional credit system and is instead using open banking data for lending decisions, has raised £40 million in seed funding.
02 November 2022
News/inclusion
HSBC Asset Management has led a $4 million seed funding round for Bizbaz, a Singapore-based startup using non-traditional data to help financial firms assess credit risk.
03 October 2022
HSBC has invested $10 million in Nova Credit as part of a wider partnership giving the bank global access to the startup's cross-border credit data product.
28 September 2022
News/wholesale
The use of alternative data sources and machine learning to assess the credit quality of applicants gives US fintechs an advantage over banks when it comes to small business lending, according to a paper from the Bank for International Settlements.
27 September 2022
News/regulation
Credit Karma has been fined $3 million by the Federal Trade Commission for "tricking" Americans with allegedly false "pre-approved" credit offers.
02 September 2022
News/retail
Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation.
Equifax says a "coding issue" is to blame for it providing inaccurate credit scores for millions of Americans.
03 August 2022
TomoCredit, the US startup behind a credit card designed to help first-time borrowers build credit history, has raised $22 million in a Series B funding round joined by Morgan Stanley's Next Level Fund and Mastercard.
22 July 2022
FairPlay, a startup using AI fairness techniques to reduce algorithmic bias in lending, has raised $10 million in Series A funding.
20 July 2022
X1, the challenger credit card for digital natives founded by former Twitter executives, is set to open to the public after securing $25 million in Series B funding.
18 July 2022
US startup Kasheesh has launched a free digital platform that lets users split payments for online purchases across multiple credit, debit and gift cards.
23 June 2022
Tillful, a business credit platform for SMEs, has formed a partnership with Experian to help small firms build stronger credit.
22 June 2022
News/payments
The UK's costs of living crisis is leading to a massive uplift in consumers checking their credit score, according to Lloyds bank.
01 June 2022
Credit building startup Altro has raised $18 million with support from Jay-Z and Citi Ventures.
17 May 2022
Klarna is to begin reporting consumer use of its buy now, pay later products to UK credit reference agencies, enabling users to build a positive credit history and protect them from building up multiple lines of credit.
04 May 2022
Experian is to debut a buy now, pay later credit bureau this spring, providing US lenders with real-time data on customer spending and loan repayments without impacting credit scores.
26 April 2022
Pillar, a fintech startup founded by Revolut alumni Ashutosh Bhatt and CTO, Adam Lewis, has raised €15.6 million to provide recently arrived immigrants to the UK with lending products.
21 April 2022
UK specialist lender Shawbrook Bank is using Open Banking technology from ClearScore to assess the creditworthiness of potential customers and offering a discount on loans for those who share their data.
19 April 2022
The Consumer Financial Protection Bureau has branded TransUnion as an "out-of-control repeat offender that believes it is above the law", after the credit reporting agency violated an order to stop from engaging in deceptive marketing practices.
13 April 2022
Nova Credit, a US fintech startup that unlocks credit histories for immigrants, has launched in the UK.
12 April 2022
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