Search Results for: credit ratings

April 13, 2024 @ 2:30 pm By Michael Wong  |  

The UK’s Financial Conduct Authority (FCA) has called for the establishment of a new industry body to enhance the functioning of Britain’s “highly concentrated” consumer credit ratings market, which it says is currently not serving consumers well, Reuters has reported. The consumer credit ratings market,… Read More

December 27, 2020 @ 10:02 pm By Omar Faridi  |  

China’s reserve bank has issued the nation’s second license for collecting personal credit ratings to an initiative between a state-managed enterprise and two Internet companies. The move suggests that the Chinese government may want to get involved in deciding how technology interacts with finance (while… Read More

October 6, 2017 @ 9:29 am By JD Alois  |  

Moody’s Investor Service has upgraded 4Finance‘s credit ratings to B2 from B3. The upgrade comes as 4finance says it has passed € 5 billion in loan originations. The 4finance S.A. senior unsecured issuer rating was also upgraded to B2 from B3. The outlook on all ratings… Read More

August 7, 2015 @ 10:33 am By JD Alois  |  

Global social media leader Facebook has a patent to use their platform to provide credit information from their users.  Today direct lenders already use a plethora of different data metrics beyond a FICO score – something that has given them a leg up on banks…. Read More

January 28, 2021 @ 4:12 pm By Samantha Hurst  |  

  Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Thursday it is further expanding the scope of its data-driven due diligence reports with the addition of cybersecurity and company credit risk… Read More

April 22, 2025 @ 11:00 am By Omar Faridi  |  

MSCI Inc. (NYSE:MSCI) and Moody’s Corporation (NYSE:MCO) will jointly create a solution to provide independent risk assessments for private credit investments at scale. As the private credit market continues to evolve and grow, the need for consistent standards and better tools has “become essential for… Read More

February 7, 2025 @ 8:02 am By Omar Faridi  |  

martini.ai, a provider of AI-driven credit analytics, announced the launch of Agentic AI Company Research, a solution that empowers businesses with comprehensive, real-time insights into individual companies’ credit profiles. By merging credit spread data with corporate information, this feature reportedly “provides decision-makers — including those… Read More

June 8, 2024 @ 4:33 pm By Omar Faridi  |  

Despite more customers than ever interacting with their banks and credit card providers via mobile apps and websites in Canada—and investment continuing to pour into the user experience of those digital channels—customer satisfaction with those tools is not improving. This, according to an update from… Read More

March 11, 2024 @ 6:51 pm By JD Alois  |  

This past week, the Consumer Financial Protection Bureau (CFPB) finalized its rules on credit late fees by reducing the legal lime to $8 from a typical fee of $32. The CFPB said that an average saving per year for consumers would be around $220, as… Read More

August 15, 2023 @ 9:22 am By JD Alois  |  

EstateGuru, an online marketplace for property-backed loans, has partnered with Moody’s to rate the securities offerings listed on the crowdfunding platform. Mihkel Stamm, CEO of Estateguru, said it is very important that investors on crowdfunded offerings have access to the best possible information. He shared… Read More

April 30, 2023 @ 11:54 am By Omar Faridi  |  

The crypto lending business model has come under intense scrutiny following a spate of recent credit events. Credora is helping “rebuild confidence in credit markets through transparency, and the lending infrastructure provider announced a $6 million strategic funding round with S&P Global and Coinbase Ventures… Read More

March 14, 2023 @ 8:39 am By JD Alois  |  

Moody’s Investors Service have downgraded or withdrawn its ratings from seven different banks. The decision follows the collapse of multiple banks. Last week, Silicon Valley Bank (SVB) and Silvergate Bank were taken over by the Federal Deposit Insurance Corporation (FDIC). On Sunday, Signature Bank in… Read More

February 4, 2023 @ 10:10 am By Omar Faridi  |  

Pie Insurance, a tech-enabled provider of workers’ compensation insurance to small businesses, announced that Pie Insurance Group has “secured a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of ‘a-‘ (Excellent)” from AM Best, a global credit rating agency and data… Read More

December 9, 2022 @ 10:57 am By Omar Faridi  |  

Pinwheel, the payroll data connectivity platform, released the results of a new survey “on consumer attitudes towards credit scoring and data sharing.” Findings demonstrate that: Financial institutions are missing out on servicing a portion of otherwise reliable borrowers due to current credit scoring methods miscategorizing… Read More

November 30, 2021 @ 3:04 pm By Omar Faridi  |  

CuneXus, which claims to be the first digital storefront for financial institutions’ account holders, has announced a real-time, credit monitoring tool that’s available for financial institutions and end-users who may be embedded within the CuneXus storefront. The solution provides financial institutions the ability to show… Read More

November 16, 2021 @ 9:05 pm By Omar Faridi  |  

A firm’s ESG ratings have become increasingly important to investors and shareholders and achieving an accurate understanding of those ratings has become quite complex and time-consuming. In order to assist firms with better understanding and monitoring their ESG ratings, Broadridge Financial Solutions (NYSE: BR), an… Read More

August 31, 2021 @ 10:27 pm By Omar Faridi  |  

NCR Corporation (NYSE: NCR), an international enterprise tech provider, revealed on August 24, 2021, that $2.7-billion asset TruMark Financial Credit Union has chosen NCR to offer “a more seamless, consistent digital banking experience to its retail and business members.” As noted in a release, the… Read More

April 28, 2021 @ 11:59 pm By Omar Faridi  |  

KingsCrowd, the online private market’s data-driven ratings and analytics platform, announced on Tuesday (April 27, 2021) the publication and availability of the KingsCrowd Regulation Crowdfunding 2018-2020 Intelligence Report. The KingsCrowd Regulation Crowdfunding 2018-2020 Intelligence Report reportedly covers more than 150 Regulation Crowdfunding (Reg CF) market… Read More

November 23, 2020 @ 11:33 pm By Omar Faridi  |  

Taiwan’s Joint Credit Information Center (JCIC) is reportedly planning to provide a database for local Fintech firms so that they can obtain relevant information on consumers’ credit risk profiles. Taiwan’s Financial Supervisory Commission (FSC) made this announcement after Fintech companies held a meeting in June… Read More

September 22, 2020 @ 10:37 am By Samantha Hurst  |  

TotallyMoney, a UK-based fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, announced on Tuesday it has launched a “Credit Assistant” feature on its mobile app to help improve credit scores and move… Read More