Credit risk

152 articles tagged with this keyword

/wholesale

Fin VC and Barclays invest in invoice insurance platform Nimbla

Invoice insurance startup Nimbla has attracted £5.1 million in funding from Silicon Valley's FIN VC with participation from Barclays Bank.

/identity

Identity decisioning platform Alloy moves into credit underwriting

Alloy, the recently named unicorn, has expanded its identity decisioning platform to include credit underwriting, with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products.

/retail

Credit Kudos launches Open Banking credit score

Credit Kudos has launched Signal, an Open Banking and machine learning-based credit score that it says enables lenders to increase acceptance of previously declined customers and reduce defaults.

/regulation

Klarna faces data privacy investigation in Sweden

Sweden's financial watchdog is investigating whether buy-now-pay-later (BNPL) fintech Klarna violated bank secrecy laws following a security breach in May.

/sustainable

How to reimagine risk modelling in sustainable finance

From 8-9 December 2020, Finextra and ResponsibleRisk brought together experts in the sustainable finance space to discuss how stakeholders can re-imagine the role of risk modelling.

/startups

ING invests in credit scoring startup Flowcast

ING Ventures is investing an additional $3 million into Flowcast, a fintech startup that applies AI to the credit and collection process for non-performing loans.

/sustainable

Deutsche Bank spinoff IMP+ACT Alliance partners with UNDP

IMP+ACT Alliance has announced its partnership with the United Development Programme (UNDP) to provide investors with digital guidance on engaging with the Sustainable Development Goals (SDGs).

/sustainable

Elastacloud runs hackathon to devise sustainable finance solutions

The first Sustainable Finance hackathon run by data science specialists Elastacloud in association with Finextra and Responsible Risk, took place on 16 and 17 January bringing together 38 professionals from the finance and technology sectors.

/wholesale

SMBC invests $30 million in OakNorth

Sumitomo Mitsui Bank is to use credit intelligence software from OakNorth to boost its commercial leanding operations and has acquired a $30 million stake in the UK challenger bank and tech supplier.

/payments

Google app enables banks to lock Android devices over credit defaults

Google has released an app that enables banks and credit providers to remotely lock a mobile phone if the user fails to make installment payments.

/devops

WEF executive: Traditional finance business model no longer working

Simon Torrance, senior adviser at corporate innovation firm, Rainmaking, claims that the traditional financial services business model is no longer working.

/sustainable

Coutts MD: Sustainability is about ‘unpeeling’ investment decision making

Mohammad Kamal Syed, managing director and head of investment management at Coutts & Co, tells Finextra Research of the ‘root and branch uplift’ in the firm’s investment decision making to address ESG goals.

/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.

/regulation

Bank of Thailand issues new rules for digital loans

Thailand's central bank has published new measures for the growing digital personal loan market that will allow lenders to use a wider range of alternative data sources when making credit decisions.

/sustainable

Coalition of UK banks launched to standardise carbon accounting

The Partnership for Carbon Accounting Financials (PCAF) is launching a coalition aimed at the promotion of measuring and disclosing carbon emissions in the UK financial services industry.

/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

GBG leads $7 million investment in alternative scoring specialist CredoLab

Identity data specialist GBG has led a $7 million funding round in Singapore's CredoLab.

/startups

Brazilian microlending fintech SuperSim secures $5.6m funding

SuperSim, a São Paulo-based microlending startup, has secured $5.6 million in Series B funding through debt financing.

/startups

Discerning the impact of Covid-19 on fintech firms and their role in financial inclusion

While the fintech industry is still evolving, the evidence so far indicates that it has a key role to play in financial inclusion, according to Ana Fiorella Carvajal, lead financial sector expert at World Bank. This role comprises not just the provision of basic services, such as payments mechanisms, but more recently also the provision of financing to consumers and SMEs.

/sustainable

Coordinating ESG solution ideation for investment and asset management

In June 2020, Finextra Research welcomed industry experts to Sustainable Finance Live, the first virtual interactive workshop to discuss how financial services firms and technology companies can achieve the UN’s Sustainable Development Goals (SDGs) by 2030.