The ranks of thin file consumers continues to grow in this country. According to Experian these consumers now number 25% of...
Callcredit is the second largest consumer credit bureau in the UK and was founded in 2000; the company currently has 1,200 employees; TransUnion currently does business in 33 countries. Source
A new blockchain-based anti-fraud and identity verification system is being built by Spring Labs in cooperation with major online lenders;...
It all started with a cold LinkedIn message back in 2016. The co-founder of the (then) tiny startup Nova Credit,...
The big three credit bureaus, whether in the UK or the US, have excellent coverage on the majority of consumers....
Credit bureaus have had a tough past year with the Equifax breach of customer data and new legislation in the U.S. looking to increase competition by allowing lenders to use different sources; changing the credit bureau system is not as easy as it may sound as they have been intertwined in the financial services system for a long time; lenders still use the bureaus for a large majority of lending decisions, even though some alternative bureaus have seen traction; the breach at Equifax could have a lasting effect because people did have a lot of trust in the company to secure their sensitive information like social security numbers; as data sharing in financial services becomes commonplace a premium will need to be placed on how that data is secured. Source.
Last week fintech startup Spring Labs announced they are developing the Spring Protocol, a blockchain-based anti-fraud and ID verification system,...
Tearsheet explains the concept of decentralized credit scoring and how it is different from traditional credit scoring. The three major...
The way we have stored and used credit information has not fundamentally changed in decades. The big three credit bureaus...
Most countries in the world today have some kind of centralized repository for credit data. But this data exists in...