Tagged: creditworthiness

London’s Fintech Startup Fintern Acquires £32M in Capital to Expand Access to Affordable Loans in UK Markets

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More

Apple Releases the All New “Phantom Credit Score” and it’s All Wrong

Apple CEO, Tim Cook kicked off the Apple (NASDAQ:AAPL) “spring-loaded” event and announced the biggest head-scratcher that made no sense. Cook announced a new way to “build credit” for the rest of your family that’s called “Apple Card Family”. Cook said that Apple set out to… Read More

Bengaluru based Fintech Lending Firm KreditBee Finalizes $75 Million Series C Equity Round

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

Fintech Lending Apps are Increasingly Using AI and Machine Learning to Accurately Determine Borrower’s Creditworthiness, According to Researchers

The financial sector is undergoing major technological advancements and changes. Traditional banking institutions now face a lot of competition from online or digital startups that have no physical branches. Social media and other online platforms are branching out into payments and credit. The rise in… Read More

Decentralized Credit System OScore will be Combined with New Inclusive Pool to Give Lenders Insight into Users’ Creditworthiness

High-performance blockchain platform Ontology has introduced an “Inclusive Pool” – which is the platform’s first (decentralized finance) DeFi product based on OScore. Since recently launching OScore, the “decentralized” credit system implemented on Ontology’s DeID, the team at Ontology has been working towards adding a new… Read More

Open Banking Platform AccountStore Partners Fintech Click2Check to Offer Credit Assess Solution for Mortgage Advisors

AccountScore, an Open Banking platform, has teamed up with Fintech firm Click2Check in order to offer a new solution, called Credit Assess, which may be helpful for businesses and professionals working in the mortgage advisory market. According to a release, the Credit Assess solution offers… 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

Michele Tucci from Fintech CredoLab Shares Strategy to Help US Lenders with Surviving COVID-19 Crisis

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

Invoice Financing Marketplace Crowdz Partners Wiserfunding to Provide Improved SME Default Assessments

Barclays-backed Fintech, Crowdz, which serves as a financing marketplace that allows SMBs to sell unpaid invoices for cash, has teamed up with Edward Altman‘s latest project, Wiserfunding, a business credit score provider. As mentioned in an update shared with Crowdfund Insider: “As Silicon Valley’s Crowdz… Read More

Indian Online Lender Lendingkart Secures Over $42 Million in Funding via Round Led by Bertelsmann India Investments, Others

India-based online lender Lendingkart Technologies has secured Rs 319 crore (appr. $42.16 million) in funding through a Series D investment round, which was led by existing investors Bertelsmann India Investments, Fullerton Financial Holdings, IndiaQuotient, and Sistema Asia Fund. LendingKart’s management said that the capital raised… Read More

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