Latest Credit risk News: Finextra Research

UK P2P lender MarketInvoice raises £7.2m

MarketInvoice, a UK-based P2P lender has secured more than £7m in its latest round of fundraising, defying the economic uncertainty around startups following the UK's controversial vote to leave the European Union.

18 July 2016

News/Credit risk

Ormsby Street partners Deutsche Bank to launch credit checking tool in Germany

British startup Ormsby Street has launched its small business credit-checking tool in Germany through a partnership with Deutsche Bank.

26 May 2016

News/Credit risk

US Treasury calls for online lending oversight

In a week in which the sector has been rocked by the Lending Club scandal, online marketplaces have been warned in a new report from the US Treasury that they need to be more transparent and should, in some cases, face greater regulatory oversight.

11 May 2016

News/Credit risk

Wells Fargo promises faster credit for small business customers

Wells Fargo is ditching the paperwork for small businesses in need of short-term credit with the introduction of FastFlex, an online, fast-decision loan that is funded as soon as the next business day.

10 May 2016

News/Credit risk

Branch raises $9.2m to bring mobile-based lending to developing markets

Branch, a startup promising to bring lending to people in developing nations by using data stored on their mobile phones to make credit decisions, has raised $9.2 million in a Series A funding round led by Andreessen Horowitz.

31 March 2016

News/Credit risk

Alternative lender SoFi becomes Fico-free zone

US online lending powerhouse SoFi has declared itself a Fico-free zone, ditching traditional credit scores in favour of what it claims are more useful data.

12 January 2016

News/Credit risk

Rabobank to lay off 9,000 staff

Dutch co-operative bank Rabobank is set to shed almost a fifth of its workforce as it restructures in order to meet new European banking regulations.

11 December 2015

News/Credit risk

Online lender Earnest raises $275m to build 'modern bank for the next generation'

Earnest has raised $75 million in a Series B funding round and secured another $200 million in debt financing as it prepares to take on traditional banks with its data-centric approach to online lending.

17 November 2015

News/Credit risk

Dutch banks team up on digital identity service pilot

Dutch banks are banding together on a digital identification service which will let online customers use their login details to access other commercial and government sites.

02 November 2015

News/Credit risk

P2P lenders target UK market ahead of new regulation

The UK could be swamped by P2P lenders after it emerged that more than 100 companies have sought regulatory authorisation while almost 200 are already operating via interim permission from the Financial Conduct Authority (FCA).

11 August 2015

News/Credit risk

Commerzbank venture fund invests in iwoca

The venture capital arm of Germany's CommerzBank has joined in a $20m funding round for UK-based SME lending platform iwoca.

30 July 2015

News/Credit risk

Startup vows to 'humanise' credit market via social media data

A fintech startup is attempting to humanise the credit market by using unstructured data such as social media signals.

21 July 2015

News/Credit risk

Credit Karma seals $175m investment

Credit and financial management service Credit Karma has raised $175 million in a Series D funding round joined by Tiger Global Management, Valinor Management and Viking Global Investors.

23 June 2015

News/Credit risk

Researchers build model to predict which delinquent credit card holders will pay up

University researchers say that they have found a way to predict which delinquent credit card accounts will repay outstanding balances that is up to 50% more accurate than the scoring systems currently used by banks.

15 May 2015

News/Credit risk

Fico targets underbanked with alternative credit scoring system

Fair Isaac is piloting a new credit scoring system that uses alternative data that should make it easier for the underbanked to prove their creditworthiness.

02 April 2015

News/Credit risk

Canada's D+H agrees $1.25bn Fundtech acquisition

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

31 March 2015

News/Credit risk

Wells Fargo launches credit score advice sites

US bank Wells Fargo has built a set of interactive websites designed to help users build and improve their credit.

25 February 2015

News/Credit risk

Alibaba's Ant Financial takes credit scoring to a new level

Ant Financial, the financial services arm of e-commerce giant Alibaba, is leveraging Big Data technology and all of its considerable customer assets to launch a powerful new credit scoring agency.

28 January 2015

News/Credit risk

Insufficient data the greatest obstacle to better risk management - bank execs

Despite ever-growing volumes of data, just over half of banks still think that not having enough is the greatest obstacle to better risk management, according to a survey from the Economist Intelligence Unit.

11 December 2014

News/Credit risk

Ex-Pimco boss El-Erian invests in P2P lender Payoff

Former Pimco chief executive Mohamed El-Erian has become the latest big name from the world of traditional financial services to take an interest in P2P lending, making an investment in US outfit Payoff.

22 October 2014