484 articles tagged with this keyword
Company update/Credit risk
Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, today announced it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time.
13 April 2017
News/Credit risk
A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks.
Tradeshift, the world’s largest business commerce platform, has partnered with CreditEase to deliver a trade financing app that will bring low-cost financing to millions of businesses in China.
06 April 2017
FICO has launched FICO® Origination Manager Essentials to help smaller financial institutions make faster, smarter small business lending decisions.
05 April 2017
Lantern Credit, a financial technology company working to solve systematic inefficiencies in the consumer credit industry, appoints esteemed banking industry veteran John Mack as Chairman of its Board of Advisors, joining current board members John Sculley, former chairman of Apple Computer, James Held former president and CEO of the Home Shopping Network, Seth Johnson and Kevin Knight.
04 April 2017
IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced the addition of many new features to its Know Your Third Party Risk Management platform (KY3P) to further support its rapidly growing customer base.
31 March 2017
Experian and Finicity have joined together to make it easier for consumers to apply for a loan, accelerating loan underwriting and broadening loan availability.
20 March 2017
Upstart, a US online lender founded by a gaggle of former Googlers, has raised $32.5 million in a funding round led by Japan's Rakuten and an unnamed asset manager.
03 March 2017
At Mobile World Congress, Mastercard and Unilever today announced a strategic partnership to collaborate on a range of joint initiatives aimed at empowering small and micro businesses in emerging markets.
01 March 2017
Today, credit risk analytics expert Jaywing announced a new partnership with leading building society The Nottingham, to design an analytical framework that will underpin all operational, strategic and regulatory credit risk requirements, including IFRS 9.
At Experian, we unlock the power of data to create opportunities for consumers, businesses and society. Every day, we help millions of people navigate key life moments, helping them to protect, manage and make the most of their data.
28 February 2017
Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups, reports the Wall Street Journal (WSJ).
20 February 2017
The Consumer Financial Protection Bureau today launched an inquiry into ways to expand access to credit for consumers who are credit invisible or who lack enough credit history to obtain a credit score.
16 February 2017
ID Finance, the fintech innovator of emerging markets, has secured $50m in debt funding to support the company’s rapid growth having more than trebled revenue to $68m in 2016. The company will use the financing – which includes $15m from TransKapitalBank - to fund its expansion across Latin America after launching its MoneyMan online lending product in Brazil last year.
Chilean-based alternative credit scoring startup Destacame announced today that it has closed its seed round of financing. Funds will support the expansion of Destacame's services within Chile and into Mexico in 2017.
18 January 2017
UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.
05 January 2017
Provenir, provider of real-time, risk decisioning solutions, today announced that TBI Bank, which serves consumers and businesses in Bulgaria and Romania, has chosen The Provenir Cloud for rapid risk decision-making and streamlined processing of customer applications.
03 January 2017
A Federal Reserve governor has cautioned fintech firms about the risks of using non-traditional data such as social media information to judge creditworthiness, warning that it could lead to them falling foul of fair lending laws.
05 December 2016
Nationwide Building Society has become the first lender to sign up to EDM Mortgage Support Services’ PRISM solution, with other lenders expected to follow suit in the New Year.
30 November 2016
Analytic software firm FICO announced today that UK short-term lender Lending Stream has built its credit system using the FICO Decision Management Suite, a platform for developing decision management applications.
10 November 2016
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