News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Nova Credit banks $50m to expand its service sourcing credit reports across borders

San Francisco based cross-border credit reporting platform raised $50m in Series B funding led by Kleiner Perkins.  

“We made a discovery among the international students we surveyed, which was that many said they couldn’t get credit, cell phone plans,...…

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Experian announces credit score product combining traditional credit data with alternative data

Experian Lift, which will be available to lenders in 2020, enhances predictive performance by 23% when compared to other scores.

"Knowing how a consumer is managing credit at a single point in time only tells part of the story. By looking at historical payment...…

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A Missing Piece in China’s Economy: Consumer Credit Ratings

A lack of a single accepted standard, like FICO, is hampering access to credit for some 500 million potential Chinese borrowers.

That’s not good for China’s economy, as the government looks to consumer spending to provide more of the fuel for growth. And, as a rash...…

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