Credit Decisioning news and trends

Nova and Akoya Target Credit Decisioning Amid Open Banking’s Rise
Partnerships // September 04, 2024

Nova Credit has launched a partnership with data access network Akoya. The collaboration, announced Wednesday (Sept. 4), is designed to help lenders employ cash flow and income analytics for better credit decisioning via Akoya’s bank data connectivity and Nova’s analytics and consumer reporting agency expertise....

Upstart Unveils Custom Loan Tool for Banks and CUs
Loans // April 25, 2024

Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers. That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when a customer is actively seeking a loan and make them an offer of credit, Upstart said in a Thursday (April...

Experian Debuts Additions to Ascend Analytics Platform
Data // December 05, 2023

Information services provider Experian has introduced new capabilities for its cloud-based analytics platform Ascend. The new tools are designed to increase operational efficiency, maximize profitability and support lenders and businesses, the company said in a Tuesday (Dec. 5) news release. “Customers will be able to quickly create and manage models...

Real-Time Credit Decisioning Helps B2B Payments Feel as Seamless as P2P
B2B Payments // November 16, 2023

Taking the friction out of payments means taking the friction out of doing business. That’s why business-to-business (B2B) payments represent such an exciting space for innovation. And providing customers with instant credit qualification represents one of those exciting innovations, a game-changer for facilitating seamless transactions....

Interviews & Exclusives
Real-Time Credit Decisioning Helps B2B Payments Feel as Seamless as P2P

November 16, 2023
Taking the friction out of payments means taking the friction out of doing business. That’s why business-to-business (B2B) payments represent such an exciting space for innovation. And providing customers with instant credit qualification represents one of those exciting innovations, a game-changer for facilitating seamless transactions. That’s what Dave Haase, president at ChemDirect, tells PYMNTS for […]

The Easiest Way for Suppliers to Lose Business Is With Manual AR

October 26, 2023
It’s said that change is the only constant in business, but that doesn’t mean firms need to consistently adapt to every new trend. This is particularly true within the B2B...

Galileo, Mastercard Team on Smart BNPL for Small Businesses

October 05, 2023
David Feuer, chief product officer of Galileo Financial Technologies, told PYMNTS that the current financial services landscape is a challenging one for smaller firms — and especially so for the...

Open Banking Drives Instant, Large-Ticket Financing in Europe 

May 24, 2023
Buoyed by changing consumer habits in the wake of the pandemic, the buy now, pay later (BNPL) financing model has exploded in recent years, with more and more consumers and...

Quick Reads
DigiFi Adds ValidiFI’s Credit Risk Solutions to Automated Digital Lending Platform

December 04, 2024
ValidiFI and DigiFi have partnered to provide lenders with automated, streamlined credit decisioning. In a new strategic integration, ValidiFI’s credit risk solutions will be added to DigiFi’s automated digital lending platform, the companies said in a Wednesday (Dec. 4) press release. “We are excited to add ValidiFI as a valuable partner to our platform,” DigiFi […]

Nova and Akoya Target Credit Decisioning Amid Open Banking’s Rise

September 04, 2024
Nova Credit has launched a partnership with data access network Akoya. The collaboration, announced Wednesday (Sept. 4), is designed to help lenders employ cash flow and income analytics for better...

Upstart Unveils Custom Loan Tool for Banks and CUs

April 25, 2024
Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers. That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when a customer is actively seeking...

Experian Debuts Additions to Ascend Analytics Platform

December 05, 2023
Information services provider Experian has introduced new capabilities for its cloud-based analytics platform Ascend. The new tools are designed to increase operational efficiency, maximize profitability and support lenders and businesses, the company said in...