Tagged: credit

BNPL Fintech Affirm Joins MoreThanFair to Advance Inclusive, Transparent Lending

MoreThanFair, a community of organizations dedicated to improving access to affordable and inclusive credit for American consumers and small businesses, announced that Affirm (NASDAQ: AFRM) had joined as its newest member. Affirm empowers consumers by offering a “transparent and flexible way to pay over time… Read More

Originally Based in Bulgaria, Juzt Digital Credit Rolls out in USA

i2c, a banking and payments platform, says it has partnered with Access Finance, an entity originally based in Bulgaria. According to a company statement, the partnership will see the Juzt Digital Credit Card program rolled out in the United States. The program is said to… Read More

European Credit Specialist AlbaCore Capital Group Introduces Senior Direct Lending Strategy

European credit specialist AlbaCore Capital Group announces the launch of a new Senior Direct Lending Strategy, having secured anchor investments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and Mitsubishi UFJ Trust and Banking Corporation. AlbaCore has completed its first close,… Read More

BNPL Fintech Affirm Expands Credit Reporting with Experian to Include All Pay Over Time Products

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced it is expanding its credit reporting to Experian to include all of Affirm’s pay-over-time products beginning April 1, 2025. By furnishing information about all of its pay-over-time transactions… Read More

Mifundo to Utilize Experian to Enable Cross Border Credit Accross EU

Mifundo reports that it has partnered with Experian to enable cross-border credit in the EU. Experience is a top credit reporting and analytics firm that provides services globally. Mifundo, founded in 2028 and based in Estonia, is developing an artificial intelligence cross-border date platform to power… Read More

Alternative Credit Asset Manager 400 Capital Management Closes Fourth Private Credit Fund

400 Capital Management LLC, an alternative credit asset manager specializing in asset-based credit strategies with over $7.4 billion of assets under management, announced the closing of its latest private credit fund, Asset Based Term Fund IV (ABTF IV). The fund, which launched in December 2023,… Read More

QED Investors Leads Series A Funding for Latam Fintech Capim

QED Investors and Valor Capital have led a $26.7 million Series A funding round in Capim, a Fintech based in Sao Paolo, Brazil. The company launched in 2021. The round included existing investors ONEVC, Canary, and NXTP, as well as new investors Endeavor, Saison, and Actyus. Capim is… Read More

Mastercard One Credential Solution to Enable Consumers with Single Credential and Multiple Ways to Pay

Mastercard (NYSE: MA) noted that today’s consumers are at the forefront of embracing technologies that offer streamlined and intuitive experiences. Gen Z, the generation spanning teenagers to those in their mid-twenties, is said to be leading the charge. Instead of juggling between different cards and… Read More

Virginia Legislation Designed to Cap Interest Rates for Credit Highlights Policy Misunderstanding on Lending

The State of Virginia is considering legislation designed to limit the interest charged on credit to consumers. The Federal government is also reviewing a similar approach to credit cards, but once again, policymakers are looking to apply price-fixing to a market driven by supply and… Read More

Philippines’ Fintech Lenders Fill MSME Credit Gap

Financial technology firms are emerging as alternative lenders for micro, small, and medium enterprises (MSMEs), including those in agriculture, amid banks’ continued hesitancy to extend loans to the sector. Bangko Sentral ng Pilipinas (BSP) Monetary Board member Romeo Bernardo said fintech firms are playing an… Read More

Real World Assets (RWAs) : Whinfell to Offer Up to $5B of Asset Capacity onto Plume Network

Plume Network, the first full-stack L1 RWA Chain for RWAfi (Real World Asset Finance), announced its partnership with Whinfell Partners LLC to introduce a range of “institutional-grade” credit instruments and diversified yield-bearing assets to its ecosystem. Leveraging Plume’s flagship staking protocol Nest, Whinfell will bring… Read More

The Jifiti Group CEO Comments on How Lenders Can Create Financing Offerings that Resonate with Consumers’ Preferences

As US consumers had prepared to spend an estimated $18.5 billion on BNPL services this holiday, banks had faced a crucial challenge: how can they offer flexible lending without contributing to worsening debt cycles? With over 10 years of experience in the Fintech world, and… Read More

UK Industry Professional Comments on Latest Money and Credit Data from Bank of England

KPMG has recently commented on the latest Money and Credit data from the Bank of England. Karim Haji, Global and UK Head of Financial Services at KPMG, shared key insights on the newest Money and Credit data from the Bank of England (for the month… Read More

Fintech Tally Shuts Down as CEO Says Lack of Funding Doomed the Firm

Tally, a Fintech created to assist consumers in paying of their credit card debt, has shuttered its doors. In a blog post, Tally CEO Jason Brown said it was the end of Tally as they were unable to raise additional funding to keep operations going…. Read More

LendingClub Research Findings: Many US Consumers Unaware Federal Interest Rate Hikes Raised Credit Card APR by 5+ Percentage Points

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, has released new data revealing a surprising lack of consumer awareness “regarding the true cost of their credit card debt in today’s high interest rate environment.” LendingClub conducted a national… Read More

Anticipating Fed Interest Rate Cuts, Consumers Reportedly Continue to Use Existing Credit, Gain Access to New Lines

Findings from the newly released Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) reveal that as consumers continue to await interest rate relief in the form of rate cuts, credit products continue to serve to bridge the financial gaps that may… Read More

Automotive Lending Transformed by AI But Dealers Reportedly Have Concerns About Artificial Intelligence Leading to Job Loss, Lack of Human Interaction

Automotive lending has been quickly transformed by artificial intelligence (AI) with the promise of faster, more accurate and more cost-effective credit decisions and approval processes. Auto dealers are not exactly ready to embrace the new technology. According to the J.D. Power 2024 U.S. Dealer Financing… Read More

UK’s Lloyds Bank Reports 10 Million Registered Clients for Credit Score Service

Your Credit Score, Lloyds Bank’s free credit checking service, now has 10 million registered customers. The feature, available through the mobile banking app and online, “allows customers to view their credit report and access personalised practical tips to improve or maintain their score.” As millions… Read More

Fintech Plaid Introduces Consumer Report to Help With Better Credit Decision-Making

Jonathan Gurwitz, the Credit Lead at Plaid helping customers incorporate cash flow data to make smarter risk decisions, noted recently that Plaid is announcing its Consumer Report, a new solution that “brings businesses real-time, actionable cash flow data along with credit risk insights through Plaid… Read More

Consumer Credit Showing Resiliency: TransUnion report

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Findings from the newly released Q1 2024 Quarterly Credit Industry Insights Report from TransUnion reveal that the consumer credit market continues to show resiliency in the face of a challenging economic environment as consumers continue to turn to credit to help manage higher costs. Despite… Read More

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