Tala CEO Shivani Siroya not only points to the idea of building trust to grow a customer base but also belief in her instincts.
Union Credit's platform provides credit unions with new, credit-worthy members by aggregating consumer data and matching it with various credit union fields.
Alternative data could be critical to financial inclusion, but industry experts say it isn't all plain sailing. Find out why.
Open banking regulation is moving forward with Colombia the latest to announce a plan to develop a framework for sharing financial info.
Many Americans saw their financial health decline in 2022, according to the Financial Health Network's Financial Health Pulse report.
Last month, Citi Ventures, the U.S. bank's VC unit, announced an undisclosed investment in Belvo, a Mexican open banking infrastructure firm.
StepChange partnered with Barclays to urge the government to proceed at pace with regulating Buy Now Pay Later (BNPL).
Both Lending Club and Prosper have announced several programs to help borrowers affected by Hurricane Harvey; Lend Academy shares an email to Lending Club investors which states approximately 30,000 live in the affected areas; Lending Club has made changes around collections calls, late fees, credit bureau reporting and hardship plans; Prosper has taken similar actions by waiving late and NSF fees as well as adjusting payment schedules. Source
Renaud Laplanche's new consumer lending platform, Upgrade, has announced a new executive hire; John Dye will be joining the executive team as general counsel; John brings experience from Western Union and has also worked at Freddie Mac, Citigroup and Salomon Smith Barney; John Dye will support the firm's legal, compliance and regulatory operations; he is joined by Louis Shansky who has also been hired as deputy counsel. Source