It all started with a cold LinkedIn message back in 2016. The co-founder of the (then) tiny startup Nova Credit,...
The ranks of thin file consumers continues to grow in this country. According to Experian these consumers now number 25% of...
Tearsheet explains the concept of decentralized credit scoring and how it is different from traditional credit scoring. The three major...
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.
TransUnion's unveiling of seven verticals, called 'global solutions lines,' was the latest step by the information and insights company as it continues to expand beyond its traditional business as a consumer credit reporting agency.
Last week fintech startup Spring Labs announced they are developing the Spring Protocol, a blockchain-based anti-fraud and ID verification system,...
Most countries in the world today have some kind of centralized repository for credit data. But this data exists in...
When we really started covering financial inclusion and financial health here at LendIt five years ago it seemed that we...
The big three credit bureaus, whether in the UK or the US, have excellent coverage on the majority of consumers....