Tagged: creditworthiness

July 23, 2023 @ 10:31 pm By Omar Faridi  |  

European investment platform Bondora says it remains committed to improving the credit industry for all customers. Pärtel Tomberg, CEO and Founder of Bondora, has said: “So far, we have issued credit agreements in accordance with the law and previous guidelines. We don’t foresee significant changes… Read More

July 30, 2022 @ 12:37 pm By Omar Faridi  |  

B9 Inc, a payroll solution platform, aimed at supporting creditworthiness via employment data and economic behavior, announced a $2.6 million round that has been led by Sky Light Invest along with contributions from Fintech investors Mbanq and the founders of Wrike, a project management app…. Read More

May 25, 2022 @ 12:46 pm By Omar Faridi  |  

In a UK Credit Union “first,” Optimus Cards, the UK’s provider of white label card and banking solutions for traditional and new forms of currency, has introduces a flexible and “responsible” Credit Card product to Credit Unions at the Annual ABCUL conference. As mentioned in… Read More

May 20, 2022 @ 2:58 pm By Omar Faridi  |  

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

April 20, 2022 @ 8:31 am By Omar Faridi  |  

UK-based specialist lender Shawbrook Bank is reportedly using Open Banking tech from ClearScore in order to determine the creditworthiness of potential clients and offering a discount on loans for those who decide to share their data. Via ClearScore, Shawbrook aims to begin integrating Open Banking… Read More

March 9, 2022 @ 3:55 pm By Omar Faridi  |  

Stellar, which claims to be on a mission to offer “unprecedented” access to credit-building and financial tools to underserved communities, has reportedly attracted several investors to finalize an oversubscribed $7 million round. Stellar Founder and CEO, Lamine Zarrad, stated: “We created Stellar to provide credit… Read More

January 25, 2022 @ 8:10 am By Omar Faridi  |  

European open banking platform Tink has confirmed the introduction of ‘Income Check’ in the United Kingdom – which is a service that improves the income verification process by leveraging Open Banking tech. Tink’s Income Check product enables banking institutions and lending platforms to quickly verify… Read More

January 24, 2022 @ 10:46 am By Omar Faridi  |  

Monese, the pan-European Fintech, is reportedly expanding its product offering with the introduction of a Credit Builder service for its clients in the United Kingdom. Having started a waiting list last year, Credit Builder is currently available and it’s reportedly being used by certain clients… Read More

November 18, 2021 @ 12:00 pm By Omar Faridi  |  

Global AI-enhanced credit decision platform provider, Scienaptic AI reveals that Tower Federal Credit Union has chosen its AI-enabled platform. The implementation should equip the credit union with improved underwriting capabilities in order to “make stronger, faster credit decisions and strengthen financial options for its members.”… Read More

November 10, 2021 @ 12:08 pm By Omar Faridi  |  

Wing, which is Ontology’s cross-chain DeFi lending platform, has officially gone live on Binance Smart Chain (BSC). Following the integration, millions of decentralized finance users should be able to access modern financial services. As mentioned in an update shared with CI: “Showcasing its status as… Read More

November 9, 2021 @ 3:07 pm By Omar Faridi  |  

Clearpool, a decentralized capital markets ecosystem, is teaming up with X-Margin, the platform facilitating credit to trading companies, in order to enable institutions to borrow from their “own dedicated and transparent lending pool.” As mentioned in an update shared with Crowdfund Insider, Clearpool will be… Read More

October 18, 2021 @ 9:37 am By Omar Faridi  |  

Credit Kudos, the Open Banking credit reference agency, has introduced Signal, which aims to serve as an accurate, explainable Open Banking credit score in order to assist lenders with serving the requirements of more clients, lower defaults and evidence risk decisions. Currently available in the… Read More

October 14, 2021 @ 8:47 am By Omar Faridi  |  

Creditspring, a subscription loan provider, has introduced Step, which is a new credit builder product that assists members with enhancing their credit score without dealing the risk of acquiring additional debt. With new Creditspring research confirming that more than a quarter (28%) of 18-34-year-olds are… Read More

September 9, 2021 @ 1:30 pm By Omar Faridi  |  

Crediverso, the Hispanic-owned personal finance products firm, reveals that it has introduced a bilingual platform and a financial products marketplace tool “to serve the 62M+ Hispanic consumers in the U.S., who are 2-3x more likely to be underbanked than the rest of the population,” according… Read More

August 13, 2021 @ 4:09 pm By Omar Faridi  |  

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

August 8, 2021 @ 7:00 pm By Omar Faridi  |  

We recently connected with Yair Benyamini, CEO and Co-Founder of Lendai. Founded during the COVID-19 crisis, the disruptive digital-first lender allows foreign and non-resident investors to buy US properties through an online mortgage approval process that takes around one week. According to Lendai, this is… Read More

July 22, 2021 @ 1:19 am By Omar Faridi  |  

Financial exclusion is negatively affecting billions of consumers across the globe, including the younger generations who do not have established credit histories. As the United Kingdom‘s economy tries to recover from the COVID-19 crisis, the nation’s lending platforms are expecting an increase in unsecured lending…. Read More

July 18, 2021 @ 9:58 am By Omar Faridi  |  

Philippines-based Netbank has now partnered with several alternative lenders so that the lending platforms can expand their operations without having to acquire additional funding. Netbank, the first Southeast Asia-based banking as a service (BaaS) platform operating via a bank license, is reportedly working closely with… Read More

July 7, 2021 @ 7:58 am By Omar Faridi  |  

UK-based Creditspring, the Financial Conduct Authority-regulated consumer credit solution provider, now claims around 50,000 members since it launched operations back in 2016. This is a key milestone for Creditspring, a company that aims to improve the financial wellbeing of 100,000 members by the end of… Read More

July 6, 2021 @ 8:30 am By Omar Faridi  |  

EasyFi is a universal layer-2 lending platform focused on improving the landscape of lending and borrowing digital assets. It is an open network infrastructure that facilitates peer-to-peer and cross-chain asset settlements. In a first-of-its-kind in the DeFi space, users’ creditworthiness is being appraised by EasyFi… Read More