Credit risk

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/Credit risk

Kreditech selects Mambu's SaaS banking engine for its passage to India

​Mambu today announced it has signed a deal with Kreditech, the leading technology group for digital consumer lending using machine-learning based underwriting, to support the online lender’s entry into the Indian market.

/Credit risk

Apruve and MSTS join forces for B2B credit offering

MSTS, a global B2B payment and credit solutions provider, and Apruve, the premiere B2B credit network, today announced a joint partnership to provide manufacturers, wholesalers and distributors an alternative payment and credit solution that competes directly with credit cards.

/Credit risk

ECB seeks feedback on assessment of internal models used for calculating counterparty credit risk

The European Central Bank (ECB) today published the draft ECB guide on the assessment methodology (EGAM) for the internal model method and the advanced CVA capital charge for counterparty credit risk.

/Credit risk

Finicty asset verification tool integrated with Black Kinght's LoanSphere Exchange

Finicity, a leading provider of real-time financial data aggregation and insights, announced today that its Verification of Assets (VoA) solution will be incorporated in the LoanSphere Exchange Digital platform, Black Knight’s new secure online gateway for lenders and third-party-provider systems to exchange data and documents with each other, facilitating commerce via Application Program Interfaces (API).

/Credit risk

Creditspring raises £2 million investment and establishes advisory board

Creditspring, the innovative consumer credit start-up, has taken two great steps forward in its mission to give people access to the credit they deserve. A successful investment round has yielded £2 million for product development, team expansion and market launch, with lead investor and BDT Capital veteran Chip Dunn becoming Non-Executive Chairman of the Board.

/Credit risk

DueDil and Credit Data Research join forces to boost access to finance for SMEs

DueDil, the company information platform, announces that it is joining forces with Credit Data Research, market leader in credit behavioural analysis, to boost access to business finance.

/Credit risk

UK Treasury looks to fintech to revive the mortgage market

HM Treasury is offering £2 million to budding entrepreneurs who can develop an application that will enable Britain’s 11 million renters to record and share their rent payment data, helping to improve their credit scores and their chances of getting a mortgage.

/Credit risk

African Bank centralises credit decision management with Fico

African Bank can now launch new credit strategies 30 percent faster at 25 percent lower cost and can make changes to credit strategies in two days instead of two months.

/Credit risk

Cleveland Fed report comparing P2P lending to subprime mortgages removed for revision

A Federal Reserve Bank of Cleveland report which compared the peer-to-peer lending industry to the subprime mortgage market has been temporarily taken offline after questions were raised about the underlying data set.

/Credit risk

ICICI Bank and Paytm partner for digital credit provision

Paytm, India’s largest payments platform has partnered with ICICI Bank, the country’s largest private sector bank by consolidated assets, to jointly launch ‘Paytm-ICICI Bank Postpaid’, the most seamless way to access interest-free short-term digital credit.

/Credit risk

Fed researchers compare P2P lending to subprime mortgages

The peer-to-peer lending industry has the potential to destabilise consumer balance sheets, with loan performances bearing a striking resemblance to the subprime mortgage market before the 2007 crisis, warns a new paper from the Cleveland Federal Reserve.

/Credit risk

AI brings news stability risks, warns regulator

An increasing reliance on artificial intelligence by banks, insurers and hedge funds could have unintended consequences and threaten the financial system's stability, warns a report from a top global watchdog.

/Credit risk

ABN Amro discontinues Gradefix innovation initiative

Last year ABN AMRO started an innovation initiative called Gradefix, a service used for making analyses and risk assessments of clients.

/Credit risk

Jaywing rolls out new commercial credit scoring product

Risk and data science specialist Jaywing, has launched Echelon, a new risk technology product for commercial lenders that enables firms to process commercial credit risk applications faster and with greater consistency, while gathering and storing data to enable a cycle of continuous improvement.

/Credit risk

Trade Ledger taps supply chain data to cut credit risks

Career technologists, Martin McCann and Dr. Matthias Born, are launching a world-first lending tech for banks and traditional lenders that will help to equip them against competition from tech giants such as Facebook, Tencent, and eBay wanting to enter financial services.

/Credit risk

OnGuard and Credit Tools merge to become Onguard

At the end of last year OnGuard and Credit Tools, two leading credit management software suppliers, announced that they were merging.

/Credit risk

Free credit scoring platform launches for all registered businesses in the UK

Open Risk Exchange (ORX) has launched a platform offering free credit scores for all registered businesses in the United Kingdom.

/Credit risk

GPS and Marq Millions join forces for Arro Money launch

Global Processing Services (GPS) is pleased to announce its agreement with new client Marq Millions as they launch their flagship product Arro Money.

/Credit risk

Blockchain startup gets leg up from Startupbootcamp

Project Dolphin Blockchain Intelligence (https://presale.dolphin.bi/) is a platform for collecting quick and high-quality risk assessment and information about ICO campaigns.

/Credit risk

New DLT consortium forms for syndicated lending market

A consortium of fintechs and banks has developed a distributed ledger technology (DLT) platform for the syndicated lending market.