Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Former Equifax CIO jailed for insider trading

A former Equifax CIO who sold stock in the company weeks before a massive data breach was made public has been sentenced to four months in prison for insider trading.

02 July 2019

Company update/Credit referencing and support

Line releases proprietary scoring engine

LINE Corporation (“LINE”) announces that its proprietary scoring service LINE Score will be available today through LINE Credit Corporation (“LINE Credit”).

28 June 2019

News/Credit referencing and support

FCA launches probe into credit referencing market

The Financial Conduct Authority has commenced a probe into the workings of the credit information market, amid concerns that some consumers are not getting a fair shake when applying for loans and credit cards.

27 June 2019

Company update/Credit referencing and support

Canopy raises £3.1 million

Canopy, the digital rental market-place which is on a mission to help millions of renters achieve greater financial resilience, has raised £3.1m, in the first few weeks of its current funding campaign.

27 June 2019

Company update/Credit referencing and support

CreditLadder supports Revolut for rent reporting

UK based tenants among the 1.4 million-plus customers of Revolut, one of the UK’s fastest growing challenger banks, are now able to report their rent through CreditLadder to credit reference agency Experian.

26 June 2019

Company update/Credit referencing and support

Mogo Finance Technology and Difference Capital merge

Mogo Finance Technology Inc. (TSX:MOGO) (NASDAQ: MOGO) ("Mogo") and Difference Capital Financial Inc. (now “Mogo Inc.”) (TSX: DCF) ("Difference" or, following the Arrangement (as defined below), the “Combined Entity”) are pleased to announce the completion of Mogo’s previously announced arrangement (the “Arrangement”) under the Business Corporations Act(British Columbia) (“BCBCA”), pursuant to which Mogo combined its business with the business of Difference.

21 June 2019

News/Credit referencing and support

Amazon targets unbanked with 'Credit Builder' card

Amazon has teamed up with Synchrony Financial to launch a secured credit card targeted at Americans with no credit history or bad credit.

10 June 2019

Company update/ai

Cybertonica and Credit Kudos partner on AI-powered credit scoring

Cybertonica and Credit Kudos announced at Money20/20 a new partnership using their combined platforms to automate credit scoring, harnessing Open Banking.

06 June 2019

News/ai

Money 20/20 Europe 2019: The interplay of AI, cloud, blockchain and quantum computing

On the final day of Money 20/20 Europe 2019 in Amsterdam, Jesse McWaters, financial innovation lead at the World Economic Forum starts the day discussing the interplay of AI, cloud, blockchain and quantum computing, and what happens when it all collides.

05 June 2019

Company update/startups

Aussie credit score monitoring app launches

In an Australian-first, a credit score app has been developed to give consumers more access than ever before to their personal credit score, enabling them to monitor their credit health in real time, for free, and make proactive decisions that will improve their appeal to lenders.

04 June 2019

Company update/startups

Fundrr takes on South African SME lending market

There are 2.4 million SMEs in South Africa that employ around 60 – 70% of the working population, but this market experiences a dearth of funding, causing a R86 billion credit gap for small businesses. Each year, the number of SMEs in the country decreases due to their inability to access finance.

04 June 2019

News/retail

EBay partners Santander-backed app to offer UK sellers loans

EBay has teamed up with Santander-backed fintech app Asto to offer cash flow loans to the online marketplace's small business customers in the UK.

03 June 2019

News/inclusion

RBS to host Edinburgh financial inclusion hackathon

Royal Bank of Scotland is joining forces with Innovate Finance and Founders of the Future to run a 48-hour hackathon in Edinburgh focused on technology that helps bank the unbanked.

31 May 2019

Company update/Credit referencing and support

Cashplus applies for £10 million from BCR Pool C funding

Cashplus, the leading UK challenger to banks, today announced that it will apply for a £10m award from the Banking Competition Remedies (BCR) Capability and Innovation Fund (CIF).

28 May 2019

Company update/Credit referencing and support

Equifax moves to new City office

Equifax, the consumer and business insights expert, has today moved offices to 1 Angel Court, Bank, at the heart of the City of London.

20 May 2019

News/inclusion

JPMorgan Chase pledges $125m to fintech-focused financial health initiatives

JPMorgan Chase will give $125 million over the next five years to non-profits working around the world to improve the financial health of underserved communities, focusing on the use of fintech tools to help people save, boost their credit and reduce debt.

16 May 2019

Company update/Credit referencing and support

Hastings Direct selects Equifax as long term data partner

Hastings Direct, the technology driven insurance provider, has extended its relationship with Equifax, the consumer and business insights expert, in a multi-year deal.

15 May 2019

Company update/retail

First National Bank selects ProfitStars commercial lending platform

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division announced today that Damariscotta, Maine-based First National Bank has selected its Commercial Lending Center Suite™ to streamline processes and boost efficiencies with a more sophisticated approach to commercial lending.

07 May 2019

Company update/retail