Latest Credit referencing and support News: Finextra Research

Nationwide launches startup challenge to tackle poverty premium

Nationwide Building Society has launched a start-up challenge, calling for ideas to help tackle the so-called poverty premium, which sees poor people pay more for essential services.

24 February 2021

Company update/retail

Northern Hills Federal Credit Union selects Scienaptic’s credit decisioning platform

AI-powered credit decision platform provider Scienaptic AI announced the deployment of its platform at Northern Hills Federal Credit Union.

17 February 2021

News/inclusion

Financial health startup SeedFi raises $65m

SeedFi, a startup promising to help Americans build their credit and savings, has raised $15 million in equity and $50 million in debt.

17 February 2021

News/wholesale

ANZ NZ taps Bud for Open Banking implementation

New Zealand's biggest bank, ANZ NZ will utilise Open Banking technology from the UK's Bud to improve the loan approval process for business customers.

17 February 2021

Company update/security

Tinkoff applies encryption tech from oneFactor to protect client data in AI credit scoring module

Tinkoff, one of Europe’s largest and most innovative digital banks, has began using an AI-powered predictive analytics tools, based on combined data from multiple sources, including telecom operators, Russia’s largest credit bureau and Tinkoff itself.

16 February 2021

Company update/retail

Envestnet | Yodlee rolls out credit decisioning tech to Australia and New Zealand

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform for digital financial services, today announced the launch of its Australia and New Zealand-specific responsible lending product, Envestnet | Yodlee Credit Accelerator.

16 February 2021

Company update/retail

Vanquis to refer declined credit card applicants to credit score builder Loqbox

UK credit card provider, Vanquis, part of the Provident Financial Group, will now refer applicants that they can’t immediately offer a credit card to, to credit builder LOQBOX, giving consumers the best chance to build a credit score and eventually be able to access credit.

16 February 2021

News/payments

Atom signs Open Banking deal with Plaid

Atom Bank has signed a deal with Plaid to introduce Open Banking and payment initiation services to small business customers.

16 February 2021

Company update/Credit referencing and support

Aryza releases product to automate credit limit increases

Aryza, experts in the development of flexible financial software solutions, has announced enhanced functionality for its Debtsense customers.

11 February 2021

News/inclusion

Barclays joins $7m seed round for credit-building card TomoCredit

TomoCredit, the US startup behind a credit card designed to help first-time borrowers build credit history, has raised $7 million in a seed funding round joined by Barclays.

10 February 2021

News/startups

Trade Ledger secures £13.5m investment

Lending-as-a-Service platform Trade Ledger has raised £13.5 million in a Series A funding round led by Point72 Ventures and joined by Foundation Capital, Court Lorenzini, and Hambro Perks.

10 February 2021

Company update/retail

LexisNexis launches alternative credit scores

LexisNexis Risk Solutions today unveiled LexisNexis RiskView Optics and RiskView Spectrum, two alternative credit scores supported by a comprehensive view of consumer credit risk culminating from years of innovation and research.

09 February 2021

News/retail

Equifax acquires Open Banking partner AccountScore

Equifax has acquired long-term Open Banking partner AccountScore, in a deal that will see the combination of traditional credit bureau information held by Equifax with bank transaction data.

09 February 2021

Company update/inclusion

Neo bank Tonik strikes a partnership with alternative credit scoring company FinScore

Tonik, the first neobank in the Philippines operating under its own bank license by the Bangko Sentral ng Pilipinas (BSP) strikes a partnership with FinScore, the Philippines-based Alternative Credit Scoring company.

04 February 2021

News/sustainable

Elastacloud runs hackathon to devise sustainable finance solutions

The first Sustainable Finance hackathon run by data science specialists Elastacloud in association with Finextra and Responsible Risk, took place on 16 and 17 January bringing together 38 professionals from the finance and technology sectors.

29 January 2021

Company update/cloud

Jack Henry introduces digital consumer lending

Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry.

27 January 2021

Company update/retail

Old National Bank picks OakNorth Credit Intelligence Suite

OakNorth, the creator of the ON Credit Intelligence Suite, today announces that it has entered a long-term partnership with Old National Bank.

27 January 2021

Company update/startups

Verofax wins Bahrain Islamic Bank's 'BisB Innovation Challenge'

Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the 'BisB Innovation Challenge', a Fintech Competition run as part of the Bank's partnership with 'FinHub 973: CBB (Central Bank of Bahrain) Digital Lab', the Kingdom's open application programming interface (API) innovation platform.

25 January 2021

News/startups

X1 raises $12m for smart credit card

X1, the startup behind a "smart" credit card, has raised $12 million in a funding round led by Spark Capital.

19 January 2021

Company update/retail

TransUnion forms credit partnership with Souith African fintech Fincheck

Global information and insights company, TransUnion, has partnered with South Africa’s biggest financial marketplace, Fincheck, to make the credit application process easier and less frustrating for consumers.

18 January 2021