In an era where more fintechs are relying on on big data, social media scoring and other new methods to forge a path to profitability, United Kingdom-based microlender Oakam is finding success by blending the new with the old, founder Frederic ...
Elevate introduces Elevate Labs
Online credit provider to non-prime consumers Elevate Credit today unveiled Elevate Labs at its Advanced Analytics center in San Diego. “What sets us apart is our long history of leveraging advanced analytical techniques, such as machine learning, neural networks, ...
Trump presidency could have drastic impact on credit card regulation
A Donald Trump presidency could drastically impact credit card regulation over the next four years, which could include a sharp rise in APRs and penalty fees. President-Elect Donald Trump has stated his plans to dismantle the 2010 Dodd- Frank financial ...
Transunion acquisition increases verification capability
Credit and information management company TransUnion has acquired Trustev, a global provider of digital verification technology. TransUnion paid $21 million in cash at closing and may pay up to an additional $23 million should Trustev reach certain targets by 2018. ...
College season brings credit challenges for students
As millennial college students get acclimatized to another year of academia, technology has made it possible for them to stay connected to home more than ever. And they will need to be, a new blog post from ID Analytics reveals. ...
Millennial credit myths exposed
A leading consumer risk management company says many assumptions lenders have about millennials’ attitudes toward credit are off the mark. Patrick Reemts is the Vice President of Credit Risk Solutions at ID Analytics. ID Analytics was formed in 2002 by a ...
BorrowersFirst CRO Ben Duran assesses the rapidly evolving world of p2p
The boom in peer-to-peer (p2p) lending we have seen over the past few years has provided us with a fascinating look at how an arguably new industry can develop so quickly. What is less apparent at first glance is all ...
CircleBack Lending off to a productive start in 2014
CircleBack Lending hit the ground running in 2014 with a pair of announcements on financing and personnel moves they hope will position the company for growth in 2014 and beyond. CircleBack, the online consumer credit platform where institutional investors can ...
Brendan Ross on Direct Lending Investments, and the future of small business lending
The economic collapse accelerated the need for crowdfunding and peer-to-peer lending for startups, but established businesses needing capital to move to the next level were kept out of the party by the SEC. Until Regulation A+ limits become a reality, ...