Tagged: consumer credit

August 7, 2022 @ 8:25 pm By Omar Faridi  |  

The Consumer Credit Oversight Board Task Force in Malaysia recently shared the Consumer Credit Act consultation document, which is the new act that aims to properly regulate and consolidate all consumer credit activities under its unit, and to also support “fair” lending and “responsible” conduct… Read More

December 23, 2021 @ 8:13 am By Omar Faridi  |  

Ibancar, the asset based consumer credit platform, has signed its first institutional debt facility “up to an amount of €10m.” The business is scaling quickly in Spain and intends to expand its activity to Mexico as well as introduce other auto-related credit products, according to… Read More

August 27, 2021 @ 11:37 am By Omar Faridi  |  

i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card… Read More

August 4, 2021 @ 11:04 pm By Omar Faridi  |  

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

June 15, 2021 @ 12:07 am By Omar Faridi  |  

Equifax UK has reportedly made updates to its flagship credit risk product, Risk Navigator 5, which should establish a new standard in supporting improved decision-making and enhancing consumer credit outcomes. Implemented using Equifax UK’s largest-ever data set, Risk Navigator 5, has demonstrated its potential to… Read More

June 8, 2021 @ 5:09 pm By Tony Zerucha  |  

Buy now, pay later (BNPL) spending is set to nearly triple between 2018 and 2025, data from BNPL app Definanzas.com suggests, with much of that due to pandemic-driven spending pattern changes. Definanzas.com has seen its number of monthly active users grow by 186 percent year-over-year… Read More

February 21, 2021 @ 7:33 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) confirmed that consumer credit activity keeps rising from the COVID-19 pandemic lows, but some areas like automobile loans (subprime) performance have lagged. As noted in an update published on February 18, 2021, by TransUnion, the company’s Q4 2020 Industry Insights report looks… 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

September 24, 2020 @ 8:57 pm By Omar Faridi  |  

Michele Tucci, Chief Product Officer at CredoLab, a Fintech firm that’s focused on driving better credit decisions with the help of its platform, explains that his company has a strategy that may help US lenders with coming out of the COVID-19 pandemic “stronger than before.”… Read More

February 12, 2020 @ 12:19 pm By Samantha Hurst  |  

Nova Credit, a U.S. cross-border consumer credit reporting startup, today announced it raised $50 million through its Series B funding round, which was led by Kleiner Perkins with participation from Canapi Ventures, Index Ventures, General Catalyst, and Nyca Partners. Nova Credit reported that the funds… Read More