Credit referencing and support

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/Credit referencing and support

TransUnion completes sale of Noddle to Credit Karma

We have announced today that we have completed the sale of Noddle, the free-for-life credit reporting and monitoring service, to Credit Karma, following approval from the Financial Conduct Authority (FCA).

/Credit referencing and support

Credit checking agency ClearScore joins forces with savings marketplace Raisin

The leading online savings platform Raisin UK has announced a new partnership with ClearScore, the UK’s number one credit checking service.

/Credit referencing and support

The ID Co. ships income verification tool

Global FinTech, The ID Co. has today announced the launch of its pioneering Income Verification solution.

/retail

AI-powered lender Upstart raises $50m

Upstart, a US AI-powered online lender founded by a gaggle of former Googlers, has raised $50 million in a Series D funding round and inked partnerships with several banks.

/inclusion

Visa backs Branch for mobile-based lending in developing markets

Branch International, a San Francisco-based startup that uses mobile phones to offer loans to people without bank accounts in developing countries, has closed a $170 million Series C funding round led by Foundation Capital and Visa, which is also backing the firm through a strategic partnership.

/Credit referencing and support

South Africa's TymeBank picks Finn AI for digital financial fitness coach

South African digital lender TymeBank has enlisted the help of artificial intelligence-powered conversational banking technology provider Finn AI to build a financial fitness coach called Max.

/ai

Fico and Equifax team up to sell data to banks

To increase velocity for deploying predictive models, Fico and Equifax are introducing the Data Decisions Cloud.

/Credit referencing and support

Monevo launches personal loan API

Monevo, Europe’s largest personal loan market place and platform, has launched Credit Staq for the UK market; a cutting-edge tech solution which gives consumers access to a comparison of pre-approved lending options from across the whole market.

/retail

Credit scoring outfit Kontomatik enters Southeast Asian market

Kontomatik starts operating in the Philippines and Indonesia, with further expansion plans in the SEA region, as the first Polish company delivering new data source for alternative credit scoring based on financial transaction data to consumer finance and micro-lending companies in SEA.

/inclusion

Money 20/20 Asia: Leveraging data to provide the unbanked with credit

Money 20/20 Asia day three opened with a detailed discussion on reaching the unbanked in South East Asia, following an age in which financial inclusion has been driven by regulatory and policy mandates. Today, the ‘financial inclusion market’ is leveraging data analytics to offer a greater choice for consumers and expand in areas that financial institutions previously avoided because of increased paperwork.

/Credit referencing and support

Nationwide and CreditLadder combine to help renters become homeowners

Nationwide Building Society is teaming up with rent reporting platform CreditLadder to help tenants investigate whether they can become homeowners.

/retail

New data sources could boost UK financial inclusion by 1.5m - Experian

Experian has targeted radically reducing the UK’s ‘Invisible’ population by harnessing the potential of new data sources, which can help organisations make more informed decisions.

/inclusion

Experian opens Singapore incubator

Experian, the world leader in information services, is further expanding and investing in its innovation facility, Experian X Labs based in Singapore.

/inclusion

Crif High Mark and CreditVidya partner to assign scores to thin file customers

CRIF High Mark, a leading credit bureau licensed by the RBI, and CreditVidya, the leader in alternative data-based credit assessment, announced a strategic tie-up to provide lenders with credit scoring even for new-to-credit and ‘thin-file’ customers.

/Credit referencing and support

Kontomatik ready to operate in 11 EU countries as an AISP

The Bank of Lithuania granted a license to Kontomatik UAB to provide AIS services in 10 countries without the need to open local branches.

/Credit referencing and support

Evergreen Finance selects Fico to automate lending decisions

Evergreen Finance London Ltd, a leading UK fintech that operates as MoneyBoat.co.uk, have recently selected FICO technology and analytics to automate lending decisions.

/retail

Quint gets revolving credit facility from Natwest

North West headquartered Quint Group, a leading international, highly innovative fintech group operating in the consumer finance market, has secured a £16.5m financing deal from Natwest Bank.

/ai

UOB applies AI to transactional data to speed up loan approvals for SMEs

United Overseas Bank is to run small business trading data from companies transacting over B2B e-commerce platform OctoRocket through an AI-based credit assessment tool to speed up the loan approval process.

/regulation

Experian abandons proposed takeover of ClearScore

Experian has canned its proposed £275 million acquisition of rival credit referencing firm ClearScore in the wake of resistance to the deal from competition regulators.

/startups

DivideBuy scores £60 million in debt and equity financing

The UK’s leading interest-free-only credit partner, DivideBuy has secured over £60m of equity investment and debt financing from prominent private equity investors and UK banks.