15 December 2017
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Latest credit referencing and support news

UK Treasury looks to fintech to revive the mortgage market
Retail banking

UK Treasury looks to fintech to revive the mortgage market

06 December 2017  |  4593 views  |  3 comments | 18 tweets | 13 linkedin

HM Treasury is offering £2 million to budding entrepreneurs who can develop an application that will enable Britain’s 11 million renters to record and share their rent payment data, helping to improve their credit scores and their chances of getting a mortgage.

BNP Paribas buys stake in SME credit specialist Caple
Retail banking

BNP Paribas buys stake in SME credit specialist Caple

17 November 2017  |  5459 views  |  0 comments | 2 tweets | 7 linkedin

BNP Paribas Asset Management (BNPP AM) has bought a 10% stake in a new alternative SME credit specialist called Caple as part of a wider strategic alliance.

Equifax profits dive on data breach costs
Security

Equifax profits dive on data breach costs

10 November 2017  |  6279 views  |  0 comments | 5 tweets | 1 linkedin

Equifax has reported a 27% drop in profits in its third quarter results as the costs of recovering from a recently disclosed data breach begin to mount.

Mobile lender WeLab scoops $220 million in financing
Retail banking

Mobile lender WeLab scoops $220 million in financing

08 November 2017  |  3845 views  |  0 comments | 6 tweets | 9 linkedin

Alibaba, Credit Suisse, and the World Bank's International Finance Corporation have joined in a $220 miliion Series B and debt financing round for Hong Kong-based mobile lender WeLab.

New DLT consortium forms for syndicated lending market
Blockchain

New DLT consortium forms for syndicated lending market

05 October 2017  |  6738 views  |  0 comments | 6 tweets | 9 linkedin

A consortium of fintechs and banks has developed a distributed ledger technology (DLT) platform for the syndicated lending market.

Equifax CEO quits after massive hack
Security

Equifax CEO quits after massive hack

26 September 2017  |  4932 views  |  0 comments | 7 tweets | 11 linkedin

Equifax chief executive and chairman Richard Smith has retired in the wake of the data breach at the credit referencing firm that exposed the personal details of approximately 143 million US consumers.

Equifax hack: Visa and Mastercard flag 200k compromised credit cards
Security

Equifax hack: Visa and Mastercard flag 200k compromised credit cards

15 September 2017  |  15024 views  |  2 comments | 7 tweets | 17 linkedin

The details of more than 200,000 Visa and Mastercard cards were stolen during the recent cyber-breach at credit referencing firm Equifax.

Santander invests in startup that helps underbanked buy smartphones
Mobile & online

Santander invests in startup that helps underbanked buy smartphones

11 September 2017  |  9153 views  |  0 comments | 14 tweets | 7 linkedin

Santander InnoVentures has joined a $6 million funding round for PayJoy, a San Francisco-based startup working to help underbanked people buy smartphones.

Huge Equifax breach hits 143 million consumers
Security

Huge Equifax breach hits 143 million consumers

08 September 2017  |  8100 views  |  2 comments | 5 tweets | 14 linkedin

Credit referencing firm Equifax has reported a cyber-breach which spilled the personal details of approximately 143 million US consumers.

Earnest to create 500 jobs in Utah move
Retail banking

Earnest to create 500 jobs in Utah move

16 August 2017  |  9015 views  |  0 comments

San Francisco-based fintech startup Earnest is opening a second location in Utah, adding up to 500 jobs to the community and $5.6 million in capital investment over the next five years.

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