The lending landscape is undergoing a system-level shift that promises to benefit both borrowers and lenders. FinTech innovations, and an evolving mindset within the industry, are combining to usher in a new era of underwriting methods that draw from alternative data sources and advanced analytics...
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 space, where to achieve growth while safeguarding financial stability, organizations must navigate the complex landscape...
“How much cash you have and how you use your cash is really an important data point that can be used to assess someone’s creditworthiness.” In an age where half of the transactions are done with debit cards — and, importantly, where a majority of...
The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to work in a world on lockdown due to the pandemic. But as Avant CEO Matt Bochenek told Karen Webster in a...
December 12, 2023
The lending landscape is undergoing a system-level shift that promises to benefit both borrowers and lenders. FinTech innovations, and an evolving mindset within the industry, are combining to usher in a new era of underwriting methods that draw from alternative data sources and advanced analytics to paint a comprehensive picture of an individual’s financial health. […]
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...
July 06, 2021
“How much cash you have and how you use your cash is really an important data point that can be used to assess someone’s creditworthiness.” In an age where half...
June 17, 2021
The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to work in a world on...
August 05, 2024
Australian company Rich Data Co (RDC) has secured an additional AU$9 million (about $5.9 million) in funding to accelerate the expansion of its artificial intelligence (AI) decisioning platform for business and commercial lenders in North America. This new funding from Acorn Capital follows the initial close of AU$28 million in November 2023, bringing RDC’s total […]
April 25, 2019
Equifax announced that it has acquired PayNet, a provider of credit ratings on small businesses (SMBs). Through its use of state-of-the-art analytics, PayNet provides commercial credit risk underwriting and management...
March 12, 2019
China-based financial services technology firm PINTEC Technology has announced its acquisition of Australia-based InfraRisk. PINTEC said in a press release on Monday (March 11) that it will acquire the credit risk...
October 31, 2018
Great Britain could be headed toward a long recession if it can’t strike a Brexit deal. Credit ratings agency Standard & Poor’s (S&P) warned that failing to make a deal might...
