Credit risk

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/Credit risk

RSU selects GoldenSource to provide market data backbone

GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the risk and banking industry, announced today that Munich based RSU Rating Service Unit GmbH & Co. KG has chosen its Market Data Solution.

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Peoples State Bank partners Sageworks for digital transformation

Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, today announced that Peoples State Bank selected the Sageworks Banking Platform to boost efficiency and scalability of its commercial lending and allowance calculation processes.

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Credit card startup Deserve closes $50m credit facility

Deserve, the first credit card designed for Generation Z with the goal of granting more Americans access to fair credit products and a path to financial independence, today announced it has raised $50 million in debt financing from Keystone National Group to fuel growth in account receivables and help jumpstart first-time credit owners’ financial journeys.

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Billtrust buys Credit2B

Billtrust, the leader in B2B payment cycle management, today announced the acquisition of Credit2B, a pioneer in trade credit risk.

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Finastra blockchain-based tool for syndicated lending market goes live

Finastra has made its blockchain-based Fusion LenderComm tool for firms operating in the syndicated lending market commercially available as an app on R3's Corda platform.

/Credit risk

Secure Trust Bank selects Jaywing to streamline commercial IFRS 9 processes

Credit risk analytics expert, Jaywing, has just announced a new partnership with Secure Trust Bank.

/Credit risk

TransUnion to acquire the UK's Callcredit for £1 billion

TransUnion (NYSE: TRU) announced today its agreement to purchase Callcredit Information Group, Ltd., the second largest and fastest growing consumer credit bureau in the U.K., headquartered in Leeds.

/Credit risk

Sageworks revamps platform

Sageworks, a Raleigh, N.C., headquartered firm that offers lending, credit risk and portfolio risk solutions to U.S. financial institutions today announced the sweeping enhancements the company will launch later this month.

/Credit risk

ICICI Bank is first in India to go live on Swift's gpi service

SWIFT announces today that ICICI Bank is the first bank in India to go live with its global payments innovation service.

/Credit risk

Silver Lake buys $500m stake in Credit Karma

Private equity firm Silver Lake is buying a $500 million stake in personal finance technology outfit Credit Karma from existing investors.

/Credit risk

Danish online lender basisbank to implement Fico Blaze Advisor

Basisbank, an online lender in Scandinavia, will control credit risk and accelerate its digital transformation using FICO decision management technology, analytic software provider FICO announced today.

/Credit risk

RBL Bank partners with CreditVidya for instant Employment Verification

RBL Bank, one of India’s fastest growing private sector banks, has partnered with CreditVidya, India’s leading fintech firm providing alternate data credit underwriting solutions to over 25 premier financial institutions.

/Credit risk

Canada completes first milestone on payments modernisation program

Payments Canada, the country’s financial market infrastructure for payments, is implementing a new credit risk model for the country’s retail payment system, effective March 12, 2018.

/Credit risk

Select Bank & Trust picks Sageworks to boost lending efficiency

Select Bank & Trust of Dunn, N.C., has recently partnered with Sageworks, a financial analysis company that offers lending, credit risk and portfolio risk solutions to banks and credit unions.

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Ghana International Bank selects Jaywing to consult on IFRS 9 and credit grading programmes

Today, credit risk analytics experts, Jaywing, announced that it has partnered with London-based Ghana International Bank (GHIB) on a series of regulatory, credit grading and corporate banking programmes.

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Australian Government moves to open up the banking industry

Australia has moved one step closer to implementing an Open Banking regime with the publication of a final Government report into the issue, accompanied by draft legislation to mandate comprehensive credit reporting.

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Poland's FinAi receives PLN 7.3 million in funding to build a new credit risk model

The National Centre for Research and Development in Poland (NCBR) granted FinAi PLN 7.3 million (ca. EUR 1.75 million) under the Smart Growth Operational Programme.

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Toyota Financial Services launches credit assessment evaluation with Aire

Aire, which provides an alternative way for lenders to understand and score credit applicants, today announces that it is launching an evaluation with TFS for its Artificial Intelligence (AI) platform.

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China regulator says fintech must serve real economy

One of China's senior financial regulators has stated that the government will only support fintechs that serve the real economy, casting further doubt on the future of virtual currencies and related technologies within China.

/Credit risk

Swiss lender TradePlus24 picks Trade Ledger as tech partner

Zürich-based lender, TradePlus24, has selected Australian deep tech startup, Trade Ledger, as its global technology partner to roll out its new trade insurance wrapped lending product across their European lending network, and enter the Australian market.