Credit risk

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/Credit risk

Riskopy acquired by Coupa for data aggregation capability

Coupa Software, a leader in cloud-based spend management, today announced that it has acquired substantially all of the assets of Riskopy, Inc.

/Credit risk

Capital One Canada launches free credit score tool

Canadians are suffering from ostrich syndrome, according to a new survey from Capital One which shows that more than half have never attempted to get their credit score.

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4most appoints John Webb as head of commercial credit risk

4most, the global credit risk consultancy, today announces the appointment of John Webb as Head of Commercial Credit Risk. John joins 4most from Deloitte’s Risk and Regulation practice where he was Associate Director within the Risk Adjusted Applications Team.

/Credit risk

P2P lending platform Assetz Capital to raise interest rates for limited time

Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, today announced it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time.

/Credit risk

Big banks more popular than fintechs with US SMEs - survey

A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks.

/Credit risk

TradeShift partners with CreditEase on trade financing app

Tradeshift, the world’s largest business commerce platform, has partnered with CreditEase to deliver a trade financing app that will bring low-cost financing to millions of businesses in China.

/Credit risk

Fico promises faster loan decisioning for smaller financial firms

FICO has launched FICO® Origination Manager Essentials to help smaller financial institutions make faster, smarter small business lending decisions.

/Credit risk

Lantern Credit adds former Morgan Stanley chief John Mack to board of advisors

Lantern Credit, a financial technology company working to solve systematic inefficiencies in the consumer credit industry, appoints esteemed banking industry veteran John Mack as Chairman of its Board of Advisors, joining current board members John Sculley, former chairman of Apple Computer, James Held former president and CEO of the Home Shopping Network, Seth Johnson and Kevin Knight.

/Credit risk

IHS Markit adds risk scoring and remediation to KY3P platform

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced the addition of many new features to its Know Your Third Party Risk Management platform (KY3P) to further support its rapidly growing customer base.

/Credit risk

Experian and Finicity vow to digitise lending experience

Experian and Finicity have joined together to make it easier for consumers to apply for a loan, accelerating loan underwriting and broadening loan availability.

/Credit risk

Online lender Upstart raises $32.5m

Upstart, a US online lender founded by a gaggle of former Googlers, has raised $32.5 million in a funding round led by Japan's Rakuten and an unnamed asset manager.

/Credit risk

Mastercard joins forces with Unilever to help small biz in emerging markets

At Mobile World Congress, Mastercard and Unilever today announced a strategic partnership to collaborate on a range of joint initiatives aimed at empowering small and micro businesses in emerging markets.

/Credit risk

The Nottingham selects Jaywing to build an analytical framework including IFRS 9

Today, credit risk analytics expert Jaywing announced a new partnership with leading building society The Nottingham, to design an analytical framework that will underpin all operational, strategic and regulatory credit risk requirements, including IFRS 9.

/Credit risk

Experian gets FCA accreditation

At Experian, we unlock the power of data to create opportunities for consumers, businesses and society. Every day, we help millions of people navigate key life moments, helping them to protect, manage and make the most of their data.

/Credit risk

High rate of defaults hit P2P lending sector

Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups, reports the Wall Street Journal (WSJ).

/Credit risk

CFPB investigates alternative data for credit scores

The Consumer Financial Protection Bureau today launched an inquiry into ways to expand access to credit for consumers who are credit invisible or who lack enough credit history to obtain a credit score.

/Credit risk

ID Finance secures $50m debt funding

ID Finance, the fintech innovator of emerging markets, has secured $50m in debt funding to support the company’s rapid growth having more than trebled revenue to $68m in 2016. The company will use the financing – which includes $15m from TransKapitalBank - to fund its expansion across Latin America after launching its MoneyMan online lending product in Brazil last year.

/Credit risk

Chilean alternative credit scoring outfit Destacame closes seed round

Chilean-based alternative credit scoring startup Destacame announced today that it has closed its seed round of financing. Funds will support the expansion of Destacame's services within Chile and into Mexico in 2017.

/Credit risk

P2P lender gets £40m boost from UK government

UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.

/Credit risk

TBI Bank selects Provenir Cloud for real-time credit decisions

Provenir, provider of real-time, risk decisioning solutions, today announced that TBI Bank, which serves consumers and businesses in Bulgaria and Romania, has chosen The Provenir Cloud for rapid risk decision-making and streamlined processing of customer applications.