Tagged: credit risk

Balances Continue to Rise Across All Credit Products, Led By Share Growth Among Consumers in Super Prime, Subprime Risk Tiers – Report

Credit union balances have been rising, led by consumers on both ends of the credit risk spectrum, according to an update from TransUnion (NYSE: TRU). TransUnion’s Q3 2024 Credit Union Market Perspectives Report explores “the current state of consumer credit and its impact on credit… Read More

Stratyfy, a Fintech Optimizing Credit Risk Decisions, Teams Up with Prism Data

Stratyfy, a Fintech confronting bias in AI and optimizing credit risk decisions with transparent machine learning solutions, announced its partnership with Prism Data, a cash flow underwriting and data analytics platform. Prism Data enabled modern cash flow underwriting “that uses digital deposit account data to… Read More

Ingka Investments Makes €9M Investment in UK’s DirectID

DirectID, a UK-based, global fintech specializing in credit risk, risk analytics and predictive modelling, using bank transaction data, announced that Ingka Investments, the investments arm of Ingka Group, has made a EUR 9m minority investment in the company. With a mission to promote financial inclusion… Read More

Credit Risk Management Provider Akuvo Teams Up with Mountain America Credit Union

AKUVO, a technology organization specializing in credit risk and delinquency management, announced that Mountain America Credit Union has “signed on to AKUVO Aperture to provide its members with personalized solutions to aid in overcoming delinquency.” Aperture harnesses data “to help collection staff offer behavior-based, personalized… Read More

Berlin’s Fraugster Launches Alternative Credit Decisions Solution to Support BNPLs, Enterprise Merchants

Fraugster, an AI payment intelligence company, has announced the launch of their latest product, Alternative Credit Decisions, which allows Buy Now Pay Later (BNPL) and Enterprise merchants “to approve more customers without increasing credit risk.” There is a pressing need for a new approach because… Read More

Wiserfunding, CrediLink.Ai, Partner on Credit Risk Platform for Asian SMEs

Wiserfunding, a UK-based provider of credit risk assessment for SME lenders, has partnered with CrediLinq.Ai, a Singapore-based, AI credit platform. According to a company release, the partnership will seek to provide automated, fast, and credit risk assessment to Southeast Asian SMEs. The companies point to… Read More

DirectID Looks to MockBank to Test Customer Connections

DirectID, a global credit risk platform, announced today it has partnered with MockBank, a Fintech firm providing sandboxing and testing functionality for open banking connections. The partnership will give organizations using the DirectID platform the ability to effortlessly test bank connections, without the need to… Read More

Monet and Playter Leverage Wiserfunding Credit Risk Service

Wiserfunding is reporting two new platforms that are incorporating its service. Monet, a financial services firm for the “creator” economy, and Playter a buy now, pay later (BNPL) service, have both incorporated Wiserfunding’s credit risk assessment for SMEs. According to a release, Monet is using… Read More

LendingUSA Appoints Michael Brown As Vice President of Credit Risk & Pricing

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Tuesday it has appointed Michael Brown as its new Vice President of Credit Risk and Pricing. The latest appointment comes just weeks after LendingUSA appointed Adam Contino… Read More

Risk Assessment Firm CRIF Realtime Reports Increase in Demand for Credit Passport, a Credit Scoring Tool

CRIF Realtime, a credit scoring tool for SMEs, has revealed that it has seen a surge in demand for its Open Banking enabled credit assessment software. This, as UK-based SMEs are increasingly looking to acquire capital to maintain operations during the global COVID-19 outbreak. CRIF’s… Read More

UK’s P2P Lender RateSetter’s Chief Credit Officer, Michael Hoare, Explains how the Platform’s Provision Fund Aims to Buffer Against Credit Losses

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UK-based RateSetter, a peer to peer (P2P) lender, notes that its Provision Fund has been designed to assist investors with managing credit risk and to simplify the investment process. As explained by Jonathan Hodge, the chief operating officer at RateSetter, the Provision Fund aims to… Read More

Quantum Computing: CaixaBank, a Spanish Financial Services Firm, Is Developing Machine Learning Algorithms for Classifying Customers Based on Credit Risk

CaixaBank S.A., a Spanish financial services firm based in Valencia and Barcelona in Spain, is moving forward with its experimental application of quantum computing to its financial products and services. CaixaBank, the third-largest lender by market cap in Spain (after Banco Santander and the BBVA),… Read More

Zopa Announces Credit Risk Model Update

On Friday, online lending platform Zopa announced the latest update of its credit risk model. This news comes just a few weeks after the lender announced updated on improving loan sale time progress, rebate period, and ISA transfer-in. Chief Product Officer at Zopa, Andrew Lawson,… Read More

Zopa CEO Jaidev Janardana: Leading UK P2P Lending with Superior Service, Transparency and Cutting-Edge Fintech

Armed with an undergraduate degree in Electronics from Dharmsinh Desai University and MBAs from both the Indian Institute of Management, Bangalore and McGill University, Jaidev Janardana spent 12 years with Capital One, in the US and the UK. He was the CMO for Capital One UK, responsible… Read More

Neyber Appoints Former Zopa Employee Paul Martin Head of Credit Risk

Alternative finance provider, Neyber, announced on Wednesday it has appointed former Zopa credit risk director, Paul Martin, as its new head of credit risk. Martin has reportedly 25 years of experience in the financial service sector and has held credit risks roles in various companies including… Read More

In China, ‘Finding The Right Balance Between Financial Reform And Risk Prevention Will Be One Of The Most Important Issues Of Our Time’

  “Finding the right balance between financial reform and risk prevention will be one of the most important issues of our time,” writes Ruizhe Zhang of Dagong Global Credit Rating Co Ltd, in a recent China Daily op-ed on ECNS. Following the release of Internet finance guidelines… Read More

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