Credit referencing and support

311 articles tagged with this keyword

/retail

Visa unveils AI-based credit application fraud prevention tool

Visa has built a digital tool that uses AI and proprietary data to help US financial institutions predict credit application fraud.

/retail

Finastra sells Enhancement Services business to Sigma Loyalty Group

Finastra has struck a definitive deal to sell off its Canadian-based Enhancement Services business to Sigma Loyalty Group. Terms of the sale were not disclosed.

/retail

Tandem’s Ricky Knox on changing psychologies towards credit amid Covid-19

Ricky Knox, CEO and founder of Tandem Bank reflects on Covid-19’s impact on customers financial health and gives FinextraTV his take on shifting attitudes towards credit, pre and post-pandemic.

/retail

Credit Sesame buys Canadian challenger bank Stack

American fintech Credit Sesame is moving into the Canadian market through the acquisition of challenger bank Stack. Terms of the deal were not disclosed.

/startups

MUFG invests in POS financing platform ChargeAfter

US multi-lender Point-of-Sale financing platform ChargeAfter has secured an investment from the venture capital arm of Japanese financial services giant MUFG.

/payments

Tencent rolls out credit scoring system - report

Tencent's WeChat Pay will start giving its 600 million users a credit rating, using an AI-based system to determine people's "trust" value, according to local press reports.

/startups

Credit Kudos scoops £5 million in Series A funding

Challenger credit bureau Credit Kudos has raised £5 million in a funding round led by Albion VC.

/payments

Koodoo collaborates with lenders on mortgage holiday guide

Mortgage technology startup Koodoo has collaborated with major lenders to launch a purpose-built Website and technology toolkit offering consumer guidance on payment holidays during the Covid-19 outbreak.

/retail

Emirates NBD 's digital bank Liv to provide in-app credit scores

Liv, the digital banking offshoot of Emirates NBD, is to offer customers instant access to their credit scores through a single tap.

/Credit referencing and support

Credit Sesame introduces digital bank account

Credit Sesame is launching a digital bank account, expanding beyond its core business of helping Americans access and boost their credit scores.

/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

/payments

‘Millennials want credit’ says ex-Visa innovation chief and i2c president Jim McCarthy

The consumer of today is educated, digitally empowered and more than ever before, wants to make informed financial decisions. This requires financial players to provide a quick, efficient and barrier-free customer service that keeps pace with the dynamic transformations of this new era of payments.

/retail

Monzo and RBS to allow customers to monitor credit score for free

UK banks Monzo and RBS are to enable customers to check their approval ratings for loan applications by looking up their credit score for free through the mobile banking app.

/Credit referencing and support

Intuit nears $7 billion take over of Credit Karma

Intuit is reported to be on the verge of buying credit scoring firm Credit Karma, furthering its interests in the personal financial management space.

/inclusion

Credit-building startup Self raises $20m

Self, a fintech startup promising to help Americans build their credit while also saving money, has raised $20 million in a Series C funding round led by Altos Ventures and Conductive Ventures.

/inclusion

Nova Credit raises $50m to help immigrants access credit

Nova Credit, a US startup working to improve immigrant access to credit, has closed a $50 million Series B funding round led by Kleiner Perkins and joined by celebrities including U2 guitarist the Edge.

/crime

US charges four members of Chinese military over Equifax hack

The US Department of Justice has charged four members of the Chinese military over the massive 2017 cyber-attack on credit reporting agency Equifax.

/payments

UK's 'buy now, pay later' market booms despite credit score concerns

The UK's point-of-sale credit market is surging, according to analysis from consultant Kearney, with two thirds of millennials now using 'buy now, pay later' services - despite some concerns about the impact on credit scores.

/Credit referencing and support

Gig economy credit startup Portify raises £7 million

London fintech startup, Portify has raised £7 million in series A funding to scale its income smoothing service for gig economy workers.

/Credit referencing and support

US regulators approve alternative data to assess creditworthiness

Federal banking regulators in the US have given their support to the use of the alternative data other than traditional credit scores in determining creditworthiness.