Credit referencing and support

306 articles tagged with this keyword

/retail

Alloy raises $52m for global expansion

Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation.

/retail

Equifax coding issue leads to inaccurate credit scores

Equifax says a "coding issue" is to blame for it providing inaccurate credit scores for millions of Americans.

/inclusion

Morgan Stanley and Mastercard back credit-building startup TomoCredit

TomoCredit, the US startup behind a credit card designed to help first-time borrowers build credit history, has raised $22 million in a Series B funding round joined by Morgan Stanley's Next Level Fund and Mastercard.

/startups

FairPlay raises $10m to tackle bias in lending

FairPlay, a startup using AI fairness techniques to reduce algorithmic bias in lending, has raised $10 million in Series A funding.

/startups

X1 raises $25m for smart credit card

X1, the challenger credit card for digital natives founded by former Twitter executives, is set to open to the public after securing $25 million in Series B funding.

/startups

Kasheesh unveils platform to split online payments across multiple cards

US startup Kasheesh has launched a free digital platform that lets users split payments for online purchases across multiple credit, debit and gift cards.

/retail

Experian partners Tillful to helps SMEs build credit

Tillful, a business credit platform for SMEs, has formed a partnership with Experian to help small firms build stronger credit.

/payments

Consumer credit score checks soar as cost of living bites

The UK's costs of living crisis is leading to a massive uplift in consumers checking their credit score, according to Lloyds bank.

/startups

Jay-Z and Citi Ventures invest in Altro

Credit building startup Altro has raised $18 million with support from Jay-Z and Citi Ventures.

/payments

Klarna to report consumer BNPL use to credit referencing agencies

Klarna is to begin reporting consumer use of its buy now, pay later products to UK credit reference agencies, enabling users to build a positive credit history and protect them from building up multiple lines of credit.

/payments

Experian to debut Buy Now, Pay Later Bureau

Experian is to debut a buy now, pay later credit bureau this spring, providing US lenders with real-time data on customer spending and loan repayments without impacting credit scores.

/startups

Pillar aims to break down the barriers to credit for migrants with €15.6 million pre-seed

Pillar, a fintech startup founded by Revolut alumni Ashutosh Bhatt and CTO, Adam Lewis, has raised €15.6 million to provide recently arrived immigrants to the UK with lending products.

/retail

Shawbrook offers lending discount for consumers sharing open banking data

UK specialist lender Shawbrook Bank is using Open Banking technology from ClearScore to assess the creditworthiness of potential customers and offering a discount on loans for those who share their data.

/regulation

CFPB says TransUnion "incapable of operating its businesses lawfully"

The Consumer Financial Protection Bureau has branded TransUnion as an "out-of-control repeat offender that believes it is above the law", after the credit reporting agency violated an order to stop from engaging in deceptive marketing practices.

/startups

International credit bureau Nova Credit launches in UK

Nova Credit, a US fintech startup that unlocks credit histories for immigrants, has launched in the UK.

/payments

Zilch updates BNPL affordability criteria with Experian

Meeting concerns over affordability checks in buy now, pay later loans, the UK's Zilch has partnered with Experian to begin reciprocal reporting of credit data.

/predictions

Apple looks to bring payment processing in-house - Bloomberg

Apple is working to bring a host of financial services work, including payments processing, in-house to reduce its reliance on outside fintech partners, according to Bloomberg.

/retail

Apple quietly acquires Credit Kudos for $150 million

Apple has reportedly acquired UK credit bureau Credit Kudos, which uses open banking technology to deliver finely-tuned credit scores.

/security

Cybercriminals demand $15 million ransom for return of hacked TransUnion data

Hackers are demanding a $15 million payment for the return of 54 million customer records stolen form a server operated by credit bureau TransUnion in South Africa.

/startups

Gig economy subscription app SteadyPay raises $5m

UK-based gig-economy app SteadyPay has closed a $5 million Series A funding round led by Digital Horizon.