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Credit scoring
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827

Jumio Partners with ComplyAdvantage to Reduce AML Risk Exposure

Jumio, the leading AI-powered trusted identity as a service provider, today announces the launch of Jumio Screening. This is a fully automated anti-money laundering (AML) screening solution that integrates ComplyAdvantage, a dynamic real-time database of people and companies that pose financial crime risk. (more…)

Credit scoring, Security

March 18, 2019

508

What is decentralized credit scoring?

via Tearsheet

Traditional credit scoring uses debt repayment information from financial institutions to determine the creditworthiness of a borrower. Decentralized credit scoring, on the other hand, uses a peer-to-peer network of trusted parties and personal data to attest to the identity and creditworthiness of a potential borrower, creating a secure credit scoring system for everyone, no matter their debt history. (more…)

Blockchain, Credit scoring

March 14, 2019

514

Experian opens Singapore incubator

via Finextra

Experian, the world leader in information services, is further expanding and investing in its innovation facility, Experian X Labs based in Singapore.

The facility serves as Experian’s first incubator and collaboration centre for cutting-edge solutions, aimed at addressing pressing economic and societal issues in India, such as financial inclusion. The Experian X Labs team, comprises of data scientists, product architects and industry innovators.
(more…)

Accelerators/Incubators/Labs, Credit scoring, India, InspirAsia, Singapore

March 8, 2019

452

Square Capital head: We are leveraging data to extend credit to small businesses that lack access to traditional loans

via CNBC

Square Capital, the lending arm of Square Inc., has taken advantage of a market of small- and medium-sized businesses that lack access to traditional financing, the subsidiary’s head Jackie Reses told CNBC Tuesday.

In a sit-down interview with Jim Cramer on “Mad Money,” Reses said the financial technology company has leveraged data to serve businesses that aren’t well capitalized. Square reported making out about $472 million in 72,000 business loans in 2018, up 55 percent from the year prior. (more…)

Credit scoring, Fintech news, POS/mPOS and online acquiring, SME

March 6, 2019

1398

Equifax works with HSBC on Open Banking credit applications

By Equifax,

HSBC UK has created the first live use case of open banking for credit applications using the InterConnect platform from Equifax, the consumer and business insights expert. (more…)

Banks, Credit scoring, Hotnews

May 18, 2018

2099

Sesame Credit, fintech and social credit scores in China

What would your reaction be if you wanted to get a loan and your bank asks to go through your Facebook profile? In China, this is already happening on a large scale, but it’s not banks that are doing the rating—it’s the country’s burgeoning fintech companies. And it’s not Facebook they are looking at—its social platform WeChat and shopping website Taobao. (more…)

Credit scoring

October 30, 2017

Credit Sesame Raises More than $42 Million, Unveils Robo Advisor for Credit

 

Credit service and financial wellness company Credit Sesame has raised more than $42 million in funding. Featuring new and existing investors such as Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, and SF Capital, the combined equity ($26.6 million) and venture debt ($15.5 million) financing will take Credit Sesame’s total capital to more than $77 million. The funding will help speed Credit Sesame’s growth, enable the company to hire more than 100 new employees over the next 12 months, and “advance its analytics, robo advisor and machine learning technologies.” (more…)

Credit scoring, Wealth management

October 26, 2017

2100

LendUp launches a better credit card for people looking to improve their credit

By Ryan Lawler for Techcrunch

LendUp has spent the last several years helping people who couldn’t get a loan build their credit and improve their financial well-being. Now the company is looking to empower those with little or no credit by giving them access to a credit card with low fees, financial education built in and incentives to spend less and pay off their balance. (more…)

Credit scoring, Credit/Debit/Prepaid cards, Fintech news, Global trends, Hotnews

May 18, 2017

1456

CreditHero wants to help fix credit scores for those afraid to even look

By Matthew Lynley for Techcrunch

With apps like Robinhood and services like Wealthfront for investing, and Credit Karma to check your credit score regularly, it might seem like financial services are finally getting more palatable and mainstream. But to Nicole Sanchez, people still need to have decent credit to get to the point where they’ll use those services — and that’s a huge hurdle to cross. (more…)

Credit scoring, SME

May 16, 2017

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. (more…)

Banks, Credit scoring

May 5, 2017

1307

Fintech startup Wecash bags US$80M in Series C financing

By Technode

Wecash is the first online credit evaluation platform in China  (more…)

Credit scoring, Deals, Fintech news, InspirAsia

April 6, 2017

1739

Tread Carefully, JD Finance

By  for Bloomberg

A week after lauding JD.com Inc.’s finance affiliate for moving into new and growing businesses (auto insurance), I should probably pause to add a caveat: tread carefully. (more…)

About, China, Credit scoring, Crowdfunding/investing, Fintech news, Government activities, p2p/online lending

February 21, 2017

2240

Chinese fintech startup Wecash makes foray into Indonesia through joint venture

By Kevin McSpadden for e27

The goal is to be a go-to place for SME loans as Indonesia’s middle class continues to boom. (more…)

China, Credit scoring, Fintech news, Indonesia, p2p/online lending, Security

January 23, 2017

2553

China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017