26 July 2017
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Latest credit referencing and support news

PayPal invests in LendUp
Retail banking

PayPal invests in LendUp

29 June 2017  |  6272 views  |  0 comments | 9 tweets | 6 linkedin

PayPal has made a strategic investment in LendUp, an online lender targeting Americans that are generally considered too risky by traditional banks. Terms of the deal were not disclosed.

Capital One Canada launches free credit score tool
Mobile & online

Capital One Canada launches free credit score tool

05 May 2017  |  6138 views  |  0 comments | 4 tweets | 2 linkedin

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.

Ousted Lending Club CEO Laplanche launches rival platform
Mobile & online

Ousted Lending Club CEO Laplanche launches rival platform

06 April 2017  |  5891 views  |  1 comments | 7 tweets | 3 linkedin

A year after being forced out of Lending Club, the firm's founder Renaud Laplanche is back with a new online lending platform and $60 million in financing.

Online lender Upstart raises $32.5m
Retail banking

Online lender Upstart raises $32.5m

03 March 2017  |  4560 views  |  0 comments | 4 tweets | 1 linkedin

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.

Misys adds crowdlending to core banking package
Wholesale banking

Misys adds crowdlending to core banking package

17 January 2017  |  8740 views  |  0 comments | 7 tweets | 10 linkedin

Core banking vendor Misys has launched a crowdlending module to enable financial institutions to move into the alternative finance marketplace.

Fed Governor sounds warning on alternative credit scoring data
Retail banking

Fed Governor sounds warning on alternative credit scoring data

05 December 2016  |  8925 views  |  2 comments | 22 tweets | 25 linkedin

A Federal Reserve governor has cautioned fintech firms about the risks of using non-traditional data such as social media information to judge creditworthiness, warning that it could lead to them falling foul of fair lending laws.

Developing world fintech incubator showers cash on top performers
Payments

Developing world fintech incubator showers cash on top performers

01 December 2016  |  5861 views  |  0 comments | 15 tweets | 2 linkedin

Digital Financial Services (DFS) Lab, a developing world-focused fintech incubator backed by the Bill and Melinda Gates Foundation, has handed over more than $400,000 to four startups that impressed during an intensive bootcamp.

Baidu partners ZestFinance to turn search data into credit scores
Risk & regulation

Baidu partners ZestFinance to turn search data into credit scores

18 July 2016  |  5547 views  |  1 comments | 4 tweets | 7 linkedin

Chinese web giant Baidu has made an investment in ZestFinance, a US fintech startup using machine learning to overhaul the credit scoring business. The size of the deal has not been disclosed.

NAB accused of 'spying' on customers who move business to rival banks
Wholesale banking

NAB accused of 'spying' on customers who move business to rival banks

20 June 2016  |  4466 views  |  1 comments | 4 tweets | 4 linkedin

National Australia Bank has been accused of 'spying' on business customers who apply to rival banks for new financing.

India sets focus on fintech market
Wholesale banking

India sets focus on fintech market

08 June 2016  |  9220 views  |  2 comments | 22 tweets | 12 linkedin

India's central bank is to set up a committee to explore the potential for the country's fintech market which is predicted to double in worth to $2.4bn in the next four years.

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