Tagged: credit

September 6, 2024 @ 8:47 am By Omar Faridi  |  

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

August 14, 2024 @ 1:52 pm By JD Alois  |  

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

August 14, 2024 @ 8:15 am By Omar Faridi  |  

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

August 12, 2024 @ 8:13 am By Omar Faridi  |  

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

August 11, 2024 @ 4:19 pm By Omar Faridi  |  

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

July 5, 2024 @ 3:51 pm By Omar Faridi  |  

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

June 8, 2024 @ 9:20 am By Omar Faridi  |  

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

May 20, 2024 @ 7:38 am By Tony Zerucha  |  

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

March 8, 2024 @ 11:27 am By Omar Faridi  |  

In a macroenvironment when data is increasingly expensive, more Americans are in need of affordable, accessible ways to safely build their credit histories, according to an update from Fintech firm Current. It’s why Current have partnered with Cross River to offer “an innovative secured charge… Read More

February 24, 2024 @ 2:32 pm By Omar Faridi  |  

Varun Surapaneni from Neuberger Berman notes that the percentage of past-due loans “to riskier consumers has begun to flatten, while newly issued paper is carrying higher interest rates.” In an update titled, A Turning Point in Sub-Prime Credit, Varun writes that “after a challenging period… Read More

February 11, 2024 @ 3:27 pm By Omar Faridi  |  

Running a successful small business goes beyond profit margins; it’s about managing financial health. One crucial metric is your business credit score, according to the team at Thriday. Thriday’s latest feature – the business credit score check aims to address key requirements. As explained in… Read More

January 25, 2024 @ 6:55 am By Omar Faridi  |  

Experian has shared an important update which reveals that UK consumers may switch and save £672 annually as lower interest credit returns in 2024. According to a blog post by Experian, savvy Brits are already “taking advantage with searches for balance transfer credit cards up… Read More

January 19, 2024 @ 6:15 pm By Omar Faridi  |  

Kashable, a fintech platform that provides socially responsible credit and financial wellness solutions as an employer-sponsored voluntary benefit, announced a Series B capital raise of $25.6 million. The round was reportedly “co-led by Revolution Ventures and Moneta Ventures, with participation from EJF Capital and Krillion… Read More

December 23, 2023 @ 4:12 am By Omar Faridi  |  

PhonePe announced the launch of a new ‘Credit’ section on its platform. The new section will allow users “to view their credit bureau score without any additional cost, conveniently manage their credit/ Rupay cards and repay loans and credit card bills.” The Credit bureau report also… Read More

November 6, 2023 @ 9:59 am By Omar Faridi  |  

ESTO Holdings OU, an Estonian payment processor and consumer credit provider,  reported its financial results “for the three-quarters of 2023.” With revenue growth of 54% from a year ago, the company has “achieved a historic milestone by attaining a three consecutive quarter profit of EUR… Read More

October 28, 2023 @ 1:17 pm By Omar Faridi  |  

Percent, the private credit platform that has created the modern credit marketplace, announced the findings of a recent study completed with Coalition Greenwich on trends and data in private credit, demonstrating a seismic shift to private credit market investments. The study, titled “Coalition Greenwich 2023… Read More

October 27, 2023 @ 4:46 pm By Omar Faridi  |  

NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs), announced the launch of its first financial product for consumers—NerdUp by NerdWallet—a secured credit card designed to help users build and improve their credit responsibly. NerdWallet identified… Read More

October 19, 2023 @ 10:05 pm By Omar Faridi  |  

Alloy, the identity risk management company, is expanding its credit underwriting capabilities to support banks, fintechs, and other builders of financial products in managing their holistic credit risk. In a challenging macro-environment, Alloy enables lenders to “make smarter credit decisions, capture default risk, and increase… Read More

October 18, 2023 @ 1:05 pm By JD Alois  |  

Uplinq Financial Technologies is partnering with EY Canada to provide “fair and ethical credit” to SMEs via its credit decisioning platform. Mario Schlener, Partner and EY’s Lead Risk Consulting for Canada and Global FS Risk Technology, Alliance, Innovation, said the partnership with provide small business… Read More

October 12, 2023 @ 8:39 am By Omar Faridi  |  

Zilch, the UK-headquartered ad-subsidized payments network, today proudly unveils Zilch Up – a product dedicated to empowering people typically excluded from mainstream credit. This will create access for millions “to build their financial profiles safely and responsibly and without paying any interest.” The introduction of… Read More