Tagged: credit scoring

Turkey based Colendi, a Micro Lending and Credit Scoring Fintech, Secures $30M via Series A

Turkey-headquartered Colendi, a micro lending and credit scoring Fintech firm, has acquired $30 million in capital via a Series A round. Colendi’s investment round has been led by Re-Pie Asset Management Company, a Turkey-based alternative asset management company. The funding has been provided via Re-Pie’s… Read More

Alternative Credit Solution Provider FinScore Partners SB Finance to Enhance Credit Scoring Process in Philippines

To serve residents in the Philippines that don’t have an established financial history, consumer lending firm SB Finance has teamed up with FinScore to enhance its credit scoring process using alternative data. By leveraging FinScore’s Telco Credit Scoring solution, SB Finance can reliably predict the… Read More

European Online Lender October to Issue Instant €15-€30K Loans with New Credit Scoring Model, Kea

European online lender  October says its always looking for and finding ways to empower businesses by simplifying and “democratizing” their funding. Since 2014, October has been helping SMEs in five different countries, becoming one of the leading small business lending platforms in Europe. October confirms… Read More

Fintech Harvest to Offer AI and Machine Learning enhanced Financial Wellness Reports

US-based Fintech firm Harvest is reportedly planning to transform the existing credit scoring systems. Like many other Fintechs, Harvest will be using artificial intelligence (AI) and machine learning (ML) algorithms to offer clients a dynamic view of their financial profile. This should help people with… Read More

NatWest Announces Credit Scoring Enhancements

UK banking group NatWest recently announced it has enhanced credit scoring, in partnership with TransUnion. NatWest revealed it has integrated further data, using TransUnion’s Consumer Credit Platform, to its banking app, to help enable its customers to become more financially capable.  “Customers using the service… Read More

Credit Scoring Tool Provider CRIF Realtime Partners UK’s Business Finance Platform, Finpoint, to Speed Up Loan Issuance to SMEs

CRIF Realtime, a credit scoring tool provider for small businesses, has teamed up with UK-based Finpoint, a platform that lets borrowers compare different options anonymously and negotiate directly with finance providers. Both companies aim to work cooperatively in order to speed up the process of… Read More

Jay Nair: Senior VP at Infosys Explains how Financial Services Providers are Adopting Digital Transformation Strategies Due to COVID-19

We recently caught up with Jay Nair, Senior Vice President of Financial Services at Infosys (NYSE: INFY), a global leader in digital services and consulting. The company has clients in 45 countries who use its services to develop their digital transformation strategies. The firm has… Read More

Peer to Peer Lending Platform LenDenClub Teams Up with Singapore’s CredoLab to Offer AI-based Credit Scoring System

LenDenClub, a peer-to-peer (P2P) lending solution provider, has teamed up with Singapore-headquartered CredoLab, an established developer of bank-grade online credit scorecards, which are based on mobile phone metadata.  LenDenClub has integrated CredoLab’s credit scoring system, called CredoSDK. The credit system will help the firm in… Read More

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