Credit referencing and support

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/Credit referencing and support

Koodoo and Credit Kudos to deliver digital mortgage applications through Open Banking

Digital mortgage platform Koodoo selects challenger credit reference agency Credit Kudos as Open Banking provider to deliver a better end-to-end digital mortgage journey

/Credit referencing and support

Credability releases mobile app

Specialist online financial wellbeing service CredAbility has announced the release of its mobile app, developed using the OutSystems application platform.

/Credit referencing and support

Four in five UK consumer credit applications declined due to lack of data

UK lenders declined up to 1.8 million consumer credit applications worth £10.6 billion last year due to a lack of information about the consumer, rather than poor credit histories or genuine affordability concerns, according to a study by the credit reference agency, Aire.

/regulation

Privacy watchdog takes enforcement action against Experian over data sharing

Credit referencing agency Experian has been ordered to make fundamental changes to how it handles people’s personal data after an investigation into its data broking activities by the Information Commissioner's Office uncovered serious breaches of privacy laws.

/startups

Possible Finance raises $11m over Zoom; makes remote working permanent

Possible Finance, a Seattle-based digital short-term lender for people with poor credit, has been adjusting to the Covid-29 economy, raising $11 million in funding via Zoom calls and making the long-term switch to remote working.

/retail

Borrowell boosts financial data analysis with MX

MX, the leader in money experience, today announced that Borrowell, Canada’s leading credit education company, has selected MX as part of its effort to bring financial stability to Borrowell’s one million plus users.

/retail

Provenir signs first Mexican client

Provenir, a leading risk analytics software company, today announced that will partner with Estudia Mas to automate and digitize the risk decisioning process for educational financing.

/cloud

Curve taps Thought Machine for new credit product

Card consolidation app firm Curve has picked cloud-native core banking vendor Thought Machine to power a new credit and loan offering.

/payments

Zilch works with Credit Kudos to shake up credit assessment for Buy Now Pay Later

Buy Now Pay Later (BNPL) provider Zilch has partnered with challenger credit reference agency and Open Banking provider Credit Kudos to better assess affordability of its customers.

/retail

CBA integrates Credit Savvy into app

With Aussies increasingly checking their credit scores during the Covid-19 pandemic, Commonwealth Bank of Australia has integrated services from Credit Savvy directly into its app.

/inclusion

Petal launches credit card for people with poor credit

US fintech startup Petal has unveiled a credit card designed for people with non-prime credit scores in the wake of the Covid-19 crisis.

/retail

Harvest launches index to build dynamic financial scores

US fintech startup Harvest is aiming to overturn the traditional credit scoring system, utilising AI and machine learning to provide a dynamic view of a person's financial wellness throughout the lifetime of a loan.

/retail

Loqbox launches credit building offering in the US

Multi-award winning UK Fintech Loqbox today announces the launch of the only free credit building solution (irrespective of where they bank) across 40 states of America.

/retail

Finicity rolls out credit decisioning suite

Finicity, a leading provider of open banking solutions, today announced the rollout of Finicity Lend for credit-decisioning.

/payments

Petal raises $55m for credit card targeting underbanked

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has closed a $55 million Series C funding round led by Valar Ventures.

/retail

Virgin Money launches on Experian pre-qualification platform to streamline mortgage process

Virgin Money will put mortgage eligibility in the hands of homebuyers and intermediaries after joining Experian’s pre-qualification platform, helping to widen its reach in the digital marketplace.

/covid-19

German fintech Monedo files for bankruptcy

A German fintech once backed by PayPal investor Peter Thiel, has filed for bankruptcy after failing to recover from the economic effects of the Coronavirus pandemic.

/retail

Lloyds Bank enlists ConnectedFi to speed up credit decisions

Lloyds Bank has teamed up with fintech software provider ConnectedFi to integrate its asset finance application programme interface (API) into ConnectedFi’s Asset Finance customer relationship management (CRM) platform.

/Credit referencing and support

EQ Credit Services enters the mortgage market

EQ Credit Services, part of the international technology-led services and payments specialist EQ (Equiniti Group plc), is pleased to announce the launch of Mortgage Services.

/wholesale

Ikano Bank appoints Jaywing to overhaul credit decisioning architecture

Ikano Bank has appointed Jaywing to review its new credit decisioning architecture to support its ongoing growth, which will enable it to launch new products across multiple territories.