Latest Credit risk News: Finextra Research

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.

17 August 2020

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.

13 August 2020

Company update/wholesale

UK fintech Wiserfunding enters India

UK based fintech Wiserfunding announced its entry into India, launching its Artificial Intelligence (AI) backed cloud-based credit risk assessment tool targeted for small and medium enterprises (SMEs).

03 August 2020

News/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.

27 July 2020

Company update/wholesale

B-North taps Wiserfunding for SME credit risk assessment

B-North, the firm building an SME lending bank for the UK, has chosen Wiserfunding as its risk grading partner.

13 July 2020

Company update/wholesale

ICBC implements Pintec's risk product for SMEs

Pintec Technology Holdings Limited (Nasdaq: PT) (“Pintec” or the “Company”), a leading independent technology platform enabling financial services in China, today announced an update on its cooperation with Industrial and Commercial Bank of China (“ICBC” or the “Bank”). ICBC has adopted and implemented Pintec’s SME risk management solutions for its micro- and small-sized (“SME”) lending business, further enhancing the effectiveness of its lending services for SME clients.

07 July 2020

Company update/crime

RSA selected by NewDay for digital fraud detection

RSA (@RSAsecurity) a global cybersecurity leader delivering Business-Driven Security™ solutions to help organizations manage digital risk, announces that NewDay, a leading consumer credit company serving around five million people across the UK, has selected and deployed RSA Adaptive Authentication for eCommerce to deliver advanced fraud protection for digital payments and address the requirements of the EMV 3-D Secure protocol.

07 July 2020

News/retail

Tandem’s Ricky Knox on changing psychologies towards credit amid Covid-19

Ricky Knox, CEO and founder of Tandem Bank reflects on Covid-19’s impact on customers financial health and gives FinextraTV his take on shifting attitudes towards credit, pre and post-pandemic.

18 June 2020

Company update/wholesale

Invoice finance platform Dancerace to embed credit insurance from Nimbla

Credit insurers Nimbla and ABL operating system Dancerace have partnered to increase SMEs’ access to credit insurance when they apply for invoice finance.

10 June 2020

Company update/payments

Nearly one-of-three consumers is past due on at least one bill

Nearly one of three consumers (27%) is past due on at least one bill and nearly 50 percent will need up to a year to catch up on bills due to the COVID-19 pandemic, according to a new study from YouGov and ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions.

20 May 2020

News/sustainable

Antony Jenkins on sustainability: ‘You can’t please everyone’

In conversation with Finextra TV, Antony Jenkins, founder and executive chairman of 10x Future Technologies and former Barclays CEO, highlights that the single most important factor in the push toward sustainability is transparency.

27 April 2020

Company update/inclusion

GoBear deploys Provenir Cloud for digital financial services in Asean

Provenir, a leader in risk decisioning and data analytics software, announced today that GoBear has chosen the Provenir Platform to power innovative user experiences for its customers, and has deployed the technology through a ‘virtual’ team approach amidst the current COVID-19 crisis.

22 April 2020

News/crime

Learning from Swedbank: Scrutinise AML processes to prepare for 6AMLD

In a report released March this year, Swedbank was found to have carried out €37 billion of high-risk payments over a five-year period.

20 April 2020

News/retail

CaixaBank steps up quantum computing trials

CaixaBank is stepping up its experimental application of quantum computing in financial services, developing a machine learning algorithm to classify customers according to their credit risk.

17 April 2020

Company update/retail

Credit Hero gets a digital boost in lending with Salt Edge

Credit Hero, an online lender from Hong Kong, teamed up with Salt Edge, a leader in offering open banking solutions, to access borrowers’ bank data at digital speed and eliminate the traditional paper chase.

08 April 2020

News/sustainable

BofA global environmental exec: Addressing climate change goes beyond business-as-usual

Alex Liftman, global environmental executive, Bank of America (BofA), believes “significantly accelerating progress on addressing big global issues like climate change requires going beyond business-as-usual financing to find innovative approaches that can help attract a larger share of capital from a broader set of investors.”

08 April 2020

Company update/regulation

Esma issues call for evidence on credit ratings and data

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a call for evidence on the availability and use of credit rating information and data.

30 March 2020

Company update/retail

Aire opens up credit insight service to help lenders keep pace with financial uncertainty

Aire, the credit insight service, today announced that it is offering free access to its range of real-time credit information services for a period of three months, to help lenders identify and engage with struggling consumers during the unfolding Coronavirus crisis.

26 March 2020