Credit referencing and support

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/Credit referencing and support

Yobota selects Credit Kudos as Open Banking provider

Yobota, the cloud-based banking platform provider, has selected leading fintech, Credit Kudos, as its open banking credit bureau, allowing Yobota customers to significantly improve affordability and credit risk modelling.

/Credit referencing and support

Credit Karma overhauls Web and app offerings

UK fintech and free credit report provider CreditKarma.co.uk has completed a radical overhaul of its web and app offering, bringing more tools and services to its members.

/inclusion

Nova Credit raises $50m to help immigrants access credit

Nova Credit, a US startup working to improve immigrant access to credit, has closed a $50 million Series B funding round led by Kleiner Perkins and joined by celebrities including U2 guitarist the Edge.

/crime

US charges four members of Chinese military over Equifax hack

The US Department of Justice has charged four members of the Chinese military over the massive 2017 cyber-attack on credit reporting agency Equifax.

/payments

UK's 'buy now, pay later' market booms despite credit score concerns

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.

/Credit referencing and support

Aussie challenger Judo Bank signs for InfraRisk credit management tech

InfraRisk Pty Ltd. (InfraRisk), a leading supplier of credit management solutions in Australia, today announced a new cooperation with Judo Bank to support the neobank's lending business with a smart and highly efficient cloud-based SaaS solution.

/Credit referencing and support

Gig economy credit startup Portify raises £7 million

London fintech startup, Portify has raised £7 million in series A funding to scale its income smoothing service for gig economy workers.

/ai

Only 19% of commercial banks are using AI holistically - Genpact

Nearly all (97%) commercial banks are using artificial intelligence (AI), according to new research from Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation; however, most financial institutions are not implementing the technology effectively for competitive advantage.

/ai

Secure Trust Bank deploys Jaywing’s ‘explainable’ AI for application scoring

Secure Trust Bank has become the first UK lender to complete live deployment of credit application models built using Archetype, the proprietary ‘explainable’ AI-driven software of credit scoring and AI experts, Jaywing.

/Credit referencing and support

US regulators approve alternative data to assess creditworthiness

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.

/Credit referencing and support

Zions rolls out Mirador digital lending platform

Mirador, the leading small business lending platform provider, announced today that Zions Bancorporation, one of the nation’s leading small business lenders with $70 billion in assets, selected and has fully launched Mirador’s digital lending platform to substantially expedite the loan application experience for customers and materially improve efficiencies within the bank.

/Credit referencing and support

Equifax and Neustar finds new ways to classify consumers

Equifax Inc. (NYSE: EFX) and Neustar®, Inc., today announced a strategic agreement designed to deliver superior segmentation solutions to the financial services industry.

/Credit referencing and support

Funding Xchange closes £8 million funding

Funding Xchange (FXE), the FinTech that has built digital decisioning technology to enable partners like MoneySuperMarket, Monzo and Experian to offer their customers instant access to personalised transparent quotes for business funding, today announced the closing of an £8 million funding round, led by Downing Ventures and Gresham House Ventures.

/inclusion

ClearScore to target underserved borrowers with Credit Kudos

ClearScore has selected Credit Kudos to develop its new open banking powered eligibility solution for products including mortgages, credit cards, and loans.

/Credit referencing and support

NAB offers free credit reports to all Australians

Australians, no matter who they bank with, can now access their credit report and score for free with NAB.

/Credit referencing and support

Gendered credit scoring increases women's chance of credit acceptance

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.

/Credit referencing and support

Mojo Mortgages partners with Credit Kudos

Online mortgage broker, Mojo Mortgages, has partnered with Credit Kudos to announce the launch of MortgageScore, a market-first service for thousands of first time buyers who want to get on the property ladder.

/Credit referencing and support

Apple Card faces investigation over sexist credit limit claims

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.

/startups

ID Finance raises £4.4m on Crowdcube

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.

/Credit referencing and support

Equifax hires former Amazon man as chief product and marketing officer

Equifax, the consumer and business insights expert, has appointed Jayadeep Nair as Chief Product and Marketing Officer for its UK and Ireland business.