Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

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

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

News/Credit risk

Former PayPal founder Levchin wants to upend consumer finance

Former Paypal co-founder Max Levchin is looking to disrupt the payments market once again with the launch of a new service that lets online merchants advance credit to consumers at the point of sale.

10 July 2014

News/Credit risk

Barclays unveils fintech accelerator startups

Beating off competition from more than 300 rivals from around the world, 11 fintech startups have scored spots on an accelerator programme run by banking giant Barclays.

11 June 2014

News/Credit risk

UK Chancellor plans on UK payments shake-up

George Osborne, the UK Chancellor of the Exchequer, has threatened to break up the UK's big banks if they fail to follow new rules to ring-fence risky investment operations from their retail operations, and promised a shake-up of the payment system to boost competition in the sector.

04 February 2013

News/Credit risk

TMX Group agrees Razor Risk acquisition as Maple deal faces regulatory concerns

Canadian exchange operator TMX Group has agreed a deal to buy Australia's Razor Risk Technologies for around C$10.18 million in cash.

30 November 2011

News/Credit risk

Firms urged to begin IT prep for handling LEIs

Delegates at the annual user conference of financial messaging body Swift were given more information about the development of the legal entity identifier (LEI) messaging standard designed to produce an electronic tag for the counterparties in all securities transactions

22 September 2011

News/Credit risk

Markit buys risk analytics specialist QuIC

UK finance information vendor Markit has acquired Canadian risk analytics outfit QuIC Financial Technologies. Financial terms of the deal were not disclosed.

12 January 2011

News/Credit risk

IT costs barrier to new UK banking players

With IT accounting for up to two thirds of start up costs, technology is proving a major barrier to new entrants in the UK retail banking sector, according to the Office of Fair Trading (OFT).

04 November 2010

News/Credit risk

HSBC taps Experian for global data integration

Banking giant HSBC has selected software from Experian to help it integrate access to external data sources around the world.

09 August 2010

News/Credit risk

S&P cuts Nyse Euronext rating on clearing plans; puts LCH.Clearnet on 'creditwatch'

Standard & Poor's has cut the credit rating of Nyse Euronext and warned that LCH.Clearnet may face a similar fate following the exchange's decision to sever ties with the clearing house.

14 May 2010

News/Credit risk

Finance firms to spend bilions on risk management - survey

The top 100 financial institutions will spend over $100 billion a year implementing risk governance frameworks by 2012, according to research from business advisory firm Deloitte.

08 February 2010

News/Credit risk

Finextra and the FISD partner for webcasts in 2010

The Financial Information Services Division (FISD) and Finextra have forged a partnership to deliver a series of video webcasts for market data and risk management professionals worldwide with a focus on real-time data management and delivery, reference data, and standards.

06 January 2010