335 articles tagged with this keyword
News/crime
The US Department of Justice has charged four members of the Chinese military over the massive 2017 cyber-attack on credit reporting agency Equifax.
10 February 2020
News/payments
The UK's point-of-sale credit market is surging, according to analysis from consultant Kearney, with two thirds of millennials now using 'buy now, pay later' services - despite some concerns about the impact on credit scores.
29 January 2020
News/Credit referencing and support
London fintech startup, Portify has raised £7 million in series A funding to scale its income smoothing service for gig economy workers.
12 December 2019
Federal banking regulators in the US have given their support to the use of the alternative data other than traditional credit scores in determining creditworthiness.
05 December 2019
Following news of the probe into Apple Card’s credit worthiness algorithm after sexism claims, University of Edinburgh Business School reveals that including gender in credit scoring models improves women’s chances of being granted credit.
12 November 2019
US regulators have opened a probe into the algorithm used to determine the credit worthiness of Apple Card applicants after a man took to Twitter to call it "sexist" for giving him a credit limit 20 times higher than his wife's.
11 November 2019
News/startups
ID Finance, a digital lending platform that uses smart credit scoring technology to target the underbanked in Spain and Latin America, has raised a record £4.4 million on Crowdcube.
05 November 2019
Paidy, a Japanese instant credit startup, has raised $83 million in a Series C extension joined by PayPal and secured an additional $60 million in debt financing.
01 November 2019
TotallyMoney, a UK fintech startup providing consumer credit reports, has secured £5 million in debt funding from Silicon Valley Bank.
30 October 2019
News/inclusion
UK open banking-powered online lender, Koyo, is set to launch later in the year following a £3.8m ($4.9m) raise in debt and equity funding.
29 October 2019
US credit scoring outfit Credit Karma is launching its first financial product, offering its 100 million members the opportunity to open a high-yield savings account with the firm.
04 October 2019
News/ai
Kreditech, a German-based online lender and POS financing provider focused on "near prime" borrowers, is looking to the Indian market after raising EUR20 million in funding.
25 September 2019
Dutch bank ING has invested in Flowcast, a startup that uses machine learning algorithms to create predictive models that reduce risk and unlock credit to businesses.
Challenger Revolut is planning to open a customer service centre in Portugal that will employ 400 people.
02 September 2019
Tala, a California-based outfit that uses customers' mobile phone data to build credit profiles and make lending decisions, has raised $110 million for a push into the Indian market.
22 August 2019
Fintech startup Financial Apps is suing former partner Envestnet/Yodlee, claiming that the latter ripped off FinApps' proprietary code to release its own product.
09 August 2019
Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.
30 July 2019
Swiss banking software provider Temenos has acquired Logical Glue, a London-based Explainable AI (XAI) specialist with financial services customers in the UK and Europe. Financial terms were not disclosed.
18 July 2019
British bank NatWest is piloting a digital working capital product that offers a credit limit based on business customers' unpaid invoices.
04 July 2019
OakNorth has signed a five-year deal with Dutch lender NIBC Bank in the first publicised sale by the British lender of its credit decisioning platform.
02 July 2019
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.