Tagged: creditworthiness

June 28, 2021 @ 7:39 am By Omar Faridi  |  

The spin-off of Fintech firm Tinka, a deferred payments provider, has initiated a new phase in the digital and business transformation of former Wehkamp Finance. Tinka aims to simplify customer purchases with deferred payment options and also by offering installment plans for retailers based in… Read More

June 21, 2021 @ 8:17 pm By Omar Faridi  |  

Ezbob Ltd., a customer acquisition technology provider for financial services, has launched a new modular software-as-a-service or SaaS platform that addresses key trends in the financial services industry. The firm’s Ezbob Express aims to focus on providing financial services companies with the flexibility of filling… Read More

June 15, 2021 @ 12:07 am By Omar Faridi  |  

Equifax UK has reportedly made updates to its flagship credit risk product, Risk Navigator 5, which should establish a new standard in supporting improved decision-making and enhancing consumer credit outcomes. Implemented using Equifax UK’s largest-ever data set, Risk Navigator 5, has demonstrated its potential to… Read More

May 30, 2021 @ 6:33 pm By Omar Faridi  |  

India has a GDP of about $3 trillion which is relatively small when compared to the size of its population (estimated to be around 1.5 billion). There are also many unbanked and financially underserved consumers and businesses across the country. India also does not have… Read More

April 23, 2021 @ 8:04 am By Omar Faridi  |  

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More

April 21, 2021 @ 10:10 am By Timothy Li  |  

Apple CEO, Tim Cook kicked off the Apple (NASDAQ:AAPL) “spring-loaded” event and announced the biggest head-scratcher that made no sense. Cook announced a new way to “build credit” for the rest of your family that’s called “Apple Card Family”. Cook said that Apple set out to… Read More

February 17, 2021 @ 11:22 pm By Omar Faridi  |  

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

February 12, 2021 @ 10:17 am By Omar Faridi  |  

It’s been over a year since the COVID-19 outbreak brought the world to a halt, and we’re now may be just beginning to see a light at the end of the tunnel, due to the increasing availability of testing facilities and the vaccine rollout. However,… Read More

December 24, 2020 @ 6:52 pm By Omar Faridi  |  

The financial sector is undergoing major technological advancements and changes. Traditional banking institutions now face a lot of competition from online or digital startups that have no physical branches. Social media and other online platforms are branching out into payments and credit. The rise in… Read More

December 10, 2020 @ 9:26 pm By Omar Faridi  |  

High-performance blockchain platform Ontology has introduced an “Inclusive Pool” – which is the platform’s first (decentralized finance) DeFi product based on OScore. Since recently launching OScore, the “decentralized” credit system implemented on Ontology’s DeID, the team at Ontology has been working towards adding a new… Read More

October 10, 2020 @ 10:19 am By Omar Faridi  |  

AccountScore, an Open Banking platform, has teamed up with Fintech firm Click2Check in order to offer a new solution, called Credit Assess, which may be helpful for businesses and professionals working in the mortgage advisory market. According to a release, the Credit Assess solution offers… Read More

October 3, 2020 @ 7:43 am By Omar Faridi  |  

US-based Fintech firm Harvest is reportedly planning to transform the existing credit scoring systems. Like many other Fintechs, Harvest will be using artificial intelligence (AI) and machine learning (ML) algorithms to offer clients a dynamic view of their financial profile. This should help people with… Read More

September 24, 2020 @ 8:57 pm By Omar Faridi  |  

Michele Tucci, Chief Product Officer at CredoLab, a Fintech firm that’s focused on driving better credit decisions with the help of its platform, explains that his company has a strategy that may help US lenders with coming out of the COVID-19 pandemic “stronger than before.”… Read More

August 15, 2020 @ 2:04 pm By Omar Faridi  |  

Barclays-backed Fintech, Crowdz, which serves as a financing marketplace that allows SMBs to sell unpaid invoices for cash, has teamed up with Edward Altman‘s latest project, Wiserfunding, a business credit score provider. As mentioned in an update shared with Crowdfund Insider: “As Silicon Valley’s Crowdz… Read More

May 21, 2020 @ 1:16 am By Omar Faridi  |  

India-based online lender Lendingkart Technologies has secured Rs 319 crore (appr. $42.16 million) in funding through a Series D investment round, which was led by existing investors Bertelsmann India Investments, Fullerton Financial Holdings, IndiaQuotient, and Sistema Asia Fund. LendingKart’s management said that the capital raised… Read More