Credit referencing and support

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PayPal Ventures invests in Japanese instant credit firm Paidy

Paidy, a Japanese instant credit startup, has raised $83 million in a Series C extension joined by PayPal and secured an additional $60 million in debt financing.

/startups

Silicon Valley Bank loans out £5m to credit checking startup TotallyMoney

TotallyMoney, a UK fintech startup providing consumer credit reports, has secured £5 million in debt funding from Silicon Valley Bank.

/Credit referencing and support

Experian dispenses with the paperwork for business loans with Open Data

Lenders can now make it faster and simpler for small businesses to apply for finance by using a new Open Data solution from Experian.

/Credit referencing and support

AccountScore and Equifax release new Open Banking credit risk index

AccountScore and Equifax have today announced the release of a new credit risk index for the consumer lending sector which allows financial institutions to more effectively understand consumers applying for credit products.

/inclusion

Koyo raises £3.8m for Open Banking loan platform

UK open banking-powered online lender, Koyo, is set to launch later in the year following a £3.8m ($4.9m) raise in debt and equity funding.

/Credit referencing and support

American Express to use Nova Credit's Credit Passport to assess newcomers to the US

American Express has teamed up with Nova Credit, a cross-border credit reporting startup, on a first-of-its-kind digital capability that offers prospective Card Members the ability to share their international credit reports with American Express when applying for an American Express U.S. Personal Card.

/Credit referencing and support

Fox Corp completes acquisition of 67% of Credible Labs

Fox Corporation (Nasdaq: FOXA, FOX) announced today that it has completed its acquisition of 67% of the equity of Credible Labs Inc. (ASX: CDR) effective October 17, 2019.

/ai

ZestFinance and MeridianLink team on ML credit decisioning

ZestFinance, the leader in artificial intelligence (AI) software for credit, announced today its integration with MeridianLink®, the financial industry's leading multichannel loan and new account origination platform.

/Credit referencing and support

Equiniti forms Open Banking partnership with Credit Kudos

Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced services provider, today announces it has partnered with FCA-authorised credit bureau and Account Information Service Provider (AISP), Credit Kudos.

/Credit referencing and support

Zopa gives customers a view of their credit worthiness

Zopa, the FeelGood Money company, has today launched Borrowing Power, an innovative new tool designed to help customers get access to cheaper credit.

/inclusion

ID Finance secures £1.5m within minutes on Crowdcube

ID Finance, the fintech company operating in Europe and Latin America, has raised over £1.5m crowdfunding target within minutes of its campaign going live on Crowdcube amid strong demand from investors.

/Credit referencing and support

Creditinfo inks deal with Indonesia's PBK

Creditinfo Group, the leading global credit information and fintech services provider has today announced that it has signed a long-term strategic partnership agreement with PT Pefindo Biro Kredit (PBK) to further support financial and non-financial institutions in Indonesia.

/Credit referencing and support

Credit Karma moves into savings

US credit scoring outfit Credit Karma is launching its first financial product, offering its 100 million members the opportunity to open a high-yield savings account with the firm.

/inclusion

CIMB Bank Philippines to offer personal loans to underbanked customers with CredoLab

CIMB Bank Philippines has partnered with with Singapore-based fintech CredoLab to extend financial products to underbanked customers in the Philippines, starting with personal loans.

/Credit referencing and support

Equifax and Alchemy release white label lending product for fintechs and banks

Alchemy Technology Inc. and Equifax Inc. (NYSE: EFX) today announced a new partnership to drive FinTech innovation.

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CredAbility uses low-code platform for financial wellbeing service

OutSystems, provider of the number one low-code application development platform, today announced that CredAbility has used the OutSystems low-code platform to deliver a new financial wellbeing service.

/ai

Kreditech targets India after EUR20m funding boost

Kreditech, a German-based online lender and POS financing provider focused on "near prime" borrowers, is looking to the Indian market after raising EUR20 million in funding.

/payments

CashFlows and Acquired.com partner for 'zero-friction' card updater service

CashFlows and Acquired.com have partnered in the launch of a card updater service to maximise collections in the consumer lending sector. Both the Mastercard Automatic Billing Updater and Visa Account Updater are available through a single integration.

/ai

ING invests in machine learning-based credit decisioning startup

Dutch bank ING has invested in Flowcast, a startup that uses machine learning algorithms to create predictive models that reduce risk and unlock credit to businesses.

/Credit referencing and support

Equifax and Urjanet partner to unlock alternative credit data

Equifax Inc. (NYSE: EFX) and Urjanet today announced a global partnership that empowers consumers and businesses to share their payment data from thousands of utility, telecom and cable providers worldwide for a more complete picture of individual payment history, easier identity verification and the potential for better access to credit.