Latest Credit risk News: Finextra Research

Company update/payments

Akuvo closes $10 million investment round

AKUVO, a technology organization specializing in collections and credit risk, has announced a new round of funding.

06 April 2023

Company update/retail

Credolab and Provenir join forces

Fintech scaleup credolab, the leading provider of bank-grade digital scorecards and data enrichment solutions, has announced a transnational partnership with Provenir, a global leader in AI-powered data and decisioning software.

29 March 2023

Company update/security

Emirates NBD teams with Plug and Play in search for fintechs with risk expertise

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, continues its strategic partnership with Plug and Play Abu Dhabi, the world’s largest innovation enabler, this time seeking FinTech’s to support the bank in its risk management domain.

23 March 2023

News/startups

AdalFi raises $7.5 million to fix Pakistan's broken lending system

AdalFi, a Pakistan-based fintech providing credit scoring data and lending technology to banks, has raised $7.5 million in Seed funding.

16 February 2023

Company update/wholesale

Baiduri Bank signs with finbots.ai

Accel-backed finbots.ai, a Singapore headquartered B2B SaaS FinTech, today announced securing a deal with Brunei’s Baiduri Bank, to modernise their credit risk management using AI.

08 February 2023

Company update/regulation

DPA SmartCloud is first to be officially recongised as a 'Fintech Entity' in India

DPA SmartCloud IFSC Private Limited, a wholly owned subsidiary of Decimal Point Analytics (DPA), has become India’s first ever fintech start-up to be authorised as a ‘Fintech Entity’ by the International Financial Services Centres Authority (IFSCA),the omnibus regulator of the financial SEZ at Gift City, Gujarat.

19 December 2022

Company update/crypto

Friktion launches institutional credit product for DeFi market

Friktion Institutional, a new division focused on scaling Friktion’s product suite to both crypto-native and traditional institutions, has officially launched its first credit product - Friktion Institutional Credit, unlocking access to more diversified sources of sustainable yields in DeFi.

07 November 2022

Research/Credit riskSentiment Paper

Seeking Approval - Acquirers vs. Transaction Fraud

25 October 2022 464 downloads

Company update/wholesale

Cytora and Moody's Analytics ally for digital risk data

Cytora, a digital risk processing platform, and Moody’s Analytics, a leading provider of financial intelligence and analytical tools, have partnered to provide the commercial insurance industry a more streamlined and informed understanding of risk. The data provided by Moody’s comes pre-integrated into the Cytora platform providing insurers with a superior risk selection driving uplift to GWP.

20 October 2022

Company update/people

Equifax names European CISO

Equifax, leading global data, analytics, and technology company, is today announcing the appointment of Phillip Davies, as Chief Information Security Officer (CISO) for Europe.

18 October 2022

News/payments

PayPal to ride out social media backlash over misinformation policy change

Online payments giant PayPal is unlikely to suffer any significant impact from a customer backlash over a supposed charge for users spreading misinformation, acccording to financial analysts.

14 October 2022

News/markets

Afme urges caution on European move to T+1

A move by Europe to a one-day settlement cycle (T+1) could bring significant benefits but would face a host of barriers, cautions a paper from Association for Financial Markets in Europe (Afme).

21 September 2022

Company update/retail

Canvas Credit Union live on Akuvo Aperture

Akuvo, a technology organization specializing in credit risk and delinquency management, announces that the $3.8 billion, Colorado-based, Canvas Credit Union is now live on AKUVO Aperture.

07 September 2022

Company update/people

Indian fintech Lentra makes senior appointments

Lentra, the fastest growing enterprise SaaS company, empowering lenders with digital lending ecosystem, today announced the appointment of Haribandhu Patra as the Chief Financial Officer (CFO) and Bhuvaneswar Naik as the Chief Human Resource Officer (CHRO).

05 September 2022

News/retail

Alloy raises $52m for global expansion

Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation.

02 September 2022

Company update/people

Singapore's finbots.ai expands leadership team

finbots.ai, Singapore-headquartered Business-to-Business-focused (B2B) FinTech offering an Artificial Intelligence (AI) credit modelling platform for banks and digital lenders, announced today the appointment of three new senior hires to lead its product management, business development and engineering teams.

16 August 2022

News/startups

Starling posts first profitable year

UK digital bank Starling has turned a £32m profit for the last financial year, marking its first full year of profitability.

21 July 2022

Company update/cloud

EXL, Oliver Wyman and Corridor Platforms launch real-time risk decisioning tech for FIs

EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions, Corridor Platforms, a leading decision workflow automation platform, and Oliver Wyman, a premier global management consultancy, today announced a joint venture to develop a risk decisioning-as-a-service solution for financial institutions.

19 July 2022