Credit risk

158 articles tagged with this keyword

/markets

S&P Global to buy private markets data firm for $1.8bn

S&P Global has struck a deal to buy private market data provider With Intelligence for $1.8 billion.

/ai

Moody’s warns slow AI adoption could erode margins and market share

Artificial intelligence is no longer just a technology; it’s a credit risk. That’s the message from Moody’s Ratings in its latest update to the AI Corporate Heatmap, which assesses the impact of AI advances on corporate creditworthiness through 2030.

/people

Indian banks make CEO appointments

Two major Indian banks have respectively appointed new chief executives.

/inclusion

UK fintech Tide reaches unicorn status

A $120m investment led by asset manager TPG has seen the valuation of Tide, the UK-based business management platform, reach $1.5bn

/markets

Money 20/20: A spotlight on the fintech reopening access to African markets

At the start of Covid, large Fortune 500 companies began to leave the African financial markets, citing too much illiquidity and uncertainty. One Ireland-based startup, featured on this year’s Money 20/20 ‘Startup Spotlight’ session, built a solution.

/ai

Atom Bank to deploy AI decisioning platform from Provenir

Atom Bank is to deploy an AI decisioning platform from Provenir to support multiple consumer and business banking products.

/crypto

MoonPay secures $200 million revolving credit line from Galaxy

In what has been dubbed one of the largest of its kind in the crypto industry, MoonPay’s credit line with Galaxy comes at a time of unprecedented momentum for the crypto industry, ensuring the solution provider is in a position to capitalise and solidify its role in the global digital economy.

/payments

BNPL credit startup Qlarifi raises £1.4 million

Qlarifi, a fintech start-up building a BNPL consumer credit database, has raised £1.4 million in pre-Seed funding.

/startups

HSBC invests €36m in London fintech ClearScore

ClearScore, a London-based startup providing credit scoring services, has secured €36.1m in debt financing from its principal backer HSBC.

/wholesale

ING rolls out up-to-the-minute credit assessment tool for business clients

ING has rolled out a new digtial tool that helps businesses in The Netherlands more accurately assess the creditworthiness of their customers and suppliers.

/wholesale

Lloyds PE unit invests in LendingMetrics

Lloyds Banking Group's private equity investor LDC has backed credit risk technology provider LendingMetrics.

/markets

CFPB proposes rule for paycheck advance products

The interpretive rule is designed to help ensure US workers know the costs and fees of paycheck advance products.

/people

Lloyds Bank cuts risk dept headcount

UK high street bank Lloyds Bank is reducing the size of its risk management department because it is seen as a “blocker” to the bank’s “strategic transformation”.

/wholesale

Mastercard invests in Hello Alice

Hello Alice, a platform connecting small businesses to capital, connections and opportunities, has closed a Series C funding round joined by QED Ventures and Mastercard.

/startups

Sweden's Scayl raises €100m to address fintech lending gap

Swedish startup Scayl, a debt financing platform based in Stockholm, has raised €100M to address a lending gap in the fintech sector.

/retail

Experian consumer credit reports to include Apple Pay Later information

Experian has announced it will be the first credit bureau to include Apple’s buy now pay later (BNPL) loan information on consumers’ credit reports.

/retail

Westpac and nCino lead $28 million round in Rich Data Co

Westpac and nCino have led a $28 million funding round in Rich Data Co, an Australian AI decisioning platform for bank business lending.

/wholesale

Wells Fargo backs $70m fund to help underserved SMEs access credit

Wells Fargo is backing a new $70 million “equitable access fund” from Hello Alice and the Global Entrepreneurship Network (GEN) that will target underserved high-potential but credit-challenged small business owners.

/markets

BNP Paribas and NatWest go live with CobaltFX Dynamic Credit

BNP Paribas and NatWest are going live with technology from CobaltFX that is designed to simplify and streamline the allocation of credit for FX transactions between banks and improve access to liquidity.

/regulation

Qred wins banking licence

Swedish credit scoring platform Qred is to become Europe's newest bank, having been granted a full banking licence by the country's financial regulator.