Credit referencing and support

306 articles tagged with this keyword

/startups

Tillful launches card to help SMEs build credit

Tillful, a business credit platform for SMEs, has teamed up with Highnote and Mastercard to launch a credit card.

/startups

Credit technology startup Fintern raises £8 million

Fintern, a UK startup aiming to shake up the market for low-value consumers loans with technology that bypasses credit scores in making lending decisions, has secured £8 million of capital in its latest funding round.

/cloud

Shawbrook taps AI to make loan pricing decisions faster

UK specialist lender Shawbrook Bank says it is generating personal loan rates five times quicker since rolling out an in-house built AI-enabled pricing environment.

/retail

Mastercard to fund research into racial bias in credit decisioning

Mastercard is to commit $5 million to support the creation of a Center for Applied Data Science and Analytics (Cadsa) at Howard University, focused on addressing racial bias in AI-driven credit approval processes.

/payments

Visa partners with Pagaya to to help issuers expand access to credit

Visa has formed a strategic relationship with AI fintech Pagaya to enable its merchant and issuing bank partners to expand access to credit.

/predictions

Open Banking adoption in UK lending set to hit 70% in next two years

A quarter of UK lenders now use Open Banking technology, with half of those that don't planning to do so in the future, according to research from Credit Kudos.

/retail

AmEx partners Nova Credit to help immigrants access credit

American Express has teamed up with Nova Credit to enable more newcomers to the US to use their home-country credit history to apply for its cards.

/startups

Indian credit card outfit Slice raises $220m

Slice, a fintech startup which offers card-based products to young Indians to help them build a better credit score, has raised $220 million in a Series B funding round that values the firm at over $1 billion.

/regulation

Ant cleared to set up credit scoring JV with state-backed partners

The People's Bank of China has given the greenlight to a new credit scoring company owned by a consortium including Ant Group and a collection of state-backed partners.

/startups

Open finance challenge winners unveiled

An Australian startup working to green the housing market has won a global open finance challenge run by NAB, CIBC, Itaú Unibanco and NatWest.

/inclusion

Mexican credit card startup Stori closes $125m Series C

Stori, a Mexican fintech bringing credit cards to the country's middles class, has raised $125 million in a Series C funding round, adding another $75 million in debt financing.

/startups

Cred doubles valuation to $4 billion

Indian credit card bill payment app Cred has raised $251 million in a Series E funding round, almost doubling its valuation to $4 billion in six months.

/identity

Identity decisioning platform Alloy moves into credit underwriting

Alloy, the recently named unicorn, has expanded its identity decisioning platform to include credit underwriting, with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products.

/startups

X1 rolls out smart credit card to 350,000-strong waitlist

X1, the challenger credit card for digital natives founded by former Twitter executives, is rolling out of private beta to a waitlist of 350,000 people.

/payments

Klarna introduces package of measures to rebuff BNPL critics

Klarna is repositioning its buy now, pay later product range in the UK in response to sustained criticism of its business practices, introducing the ability for consumers to pay in full at the checkout, stronger credit and affordability checks, clear checkout language, simplified T&Cs, improved complaints handling and removal of last remaining late fees.

/inclusion

Microlender Tala raises $145m to move into savings and crypto

Microlender to the underbanked Tala has raised $145 million in Series E financing to fund a host of new services, including crypto.

/retail

Credit Kudos launches Open Banking credit score

Credit Kudos has launched Signal, an Open Banking and machine learning-based credit score that it says enables lenders to increase acceptance of previously declined customers and reduce defaults.

/payments

First National Bank of Omaha launches BNPL offering for merchants

First National Bank of Omaha is joining the BNPL goldrush, launching a service which will allow merchant partners to offer their customers the option to make purchases and pay for them at a future date.

/startups

Wiserfunding scores investment; wins Revolut contract

Wiserfunding, a London-based provider of credit risk assessment for SME lenders, has secured a £3 million investment from BGF and signed up Revolut as a client.

/startups

Credit building firm Self raises $50m

Self Financial, a fintech startup promising to help Americans build their credit while also saving money, has raised $50 million in a Series E funding round led by Altos Ventures.