Latest Credit referencing and support News: Finextra Research

Company update/startups

Jia Finance raises $5m to help Asian investors get US residential mortgages

Jia Finance, an online residential mortgage platform for foreign investors, is now scaling its offering in the U.S. for international buyers and announcing its $5 million seed round of funding.

31 March 2022

News/predictions

Apple looks to bring payment processing in-house - Bloomberg

Apple is working to bring a host of financial services work, including payments processing, in-house to reduce its reliance on outside fintech partners, according to Bloomberg.

31 March 2022

News/retail

Apple quietly acquires Credit Kudos for $150 million

Apple has reportedly acquired UK credit bureau Credit Kudos, which uses open banking technology to deliver finely-tuned credit scores.

23 March 2022

News/security

Cybercriminals demand $15 million ransom for return of hacked TransUnion data

Hackers are demanding a $15 million payment for the return of 54 million customer records stolen form a server operated by credit bureau TransUnion in South Africa.

21 March 2022

Company update/retail

Advance AI and FinScore to boost alternative credit scoring and fraud prevention in the Philippines

ADVANCE.AI, a leading AI company specialising in digital identity verification, risk management and process automation, has signed a strategic data partnership with FinScore to help boost financial inclusion and access to the unbanked and underbanked customers in the Philippines and wider Southeast Asia (SEA).

17 March 2022

Company update/startups

Stellar raises $7m to tackle American credit system

Stellar, on a mission to provide unprecedented access to credit-building and financial tools to underserved communities, attracted key investors to close an oversubscribed $7M initial funding round.

14 March 2022

Company update/people

TotallyMoney hires Tandem Bank's Henry Pearce as head of data

TotallyMoney, the credit app that helps everyone move their finances forward, has appointed Henry Pearce as Head of Data, as it ramps up the use of technology to help consumers improve their financial situation.

09 March 2022

News/startups

Gig economy subscription app SteadyPay raises $5m

UK-based gig-economy app SteadyPay has closed a $5 million Series A funding round led by Digital Horizon.

07 March 2022

Company update/people

Nova Credit hires from Apple and Meta leader as head of engineering

Nova Credit, the fintech unlocking opportunities for those historically excluded from the credit system and companies looking to serve them, today announced it has expanded its engineering team with the appointment of Yacine Azmi as Head of Engineering.

03 March 2022

Company update/retail

Scienaptic AI signs Bethpage Federal Credit Union

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Bethpage Federal Credit Union is planning to implement its AI-powered credit decisioning platform. This deployment will enable the credit union to make faster, smarter credit decisions to increase loan approvals and support the financial goals of its members.

28 February 2022

Research/Credit referencing and support

The Future of Embedded Finance 2022

28 February 2022 1283 downloads

Company update/retail

Loqbox gives renters the opportunity to buiild their credit worthiness

92% of LOQBOX members who currently rent, want to own their own home, according to a recent survey.

22 February 2022

Company update/retail

Scienaptic AI signs up Rocket Financial

Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Rocket Financial Inc. has selected its platform to launch its new product RocketBNK.

15 February 2022

Company update/retail

Northern Credit Union goes live with Scienaptic AI platform

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that deployment of its platform at Northern Credit Union is now live.

14 February 2022

Company update/retail

Klarna survey reveals 0% can calculate how much credit card purchases would cost after interest

"Klarna, a leading global retail bank, payments and shopping service, today revealed that six out of ten credit card users don't know how much interest they are charged, according to Yougov research commissioned by Klarna." Additionally, not a single respondent was able to correctly calculate how much a typical credit card purchase would cost after interest is taken into account. This is despite credit card companies following strict disclosure rules laid out in the FCA’s rulebook and despite being regulated.

11 February 2022

News/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.

09 February 2022

Company update/payments

TransUnion to insert BNPL finance into UK consumer credit files

Global information and insights provider TransUnion has announced it is ready to accept buy now, pay later finance into UK consumer credit files, being the first credit reference agency in the UK to do so.

09 February 2022

News/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.

09 February 2022

Company update/retail

FNBC Bank & Trust deploys Numerated loan origination system

FNBC Bank & Trust, a $650 million locally owned and locally managed community bank serving the Chicago metropolitan area, is making business banking easy by providing fast and efficient customer experiences through their expanded use of the Numerated Digital Loan Origination System.

01 February 2022

News/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.

01 February 2022