Credit

ABCUL Proposes Reforms to Boost Growth of UK Credit Unions
Lending & Investment ABCUL Proposes Reforms to Boost Growth of UK Credit Unions

An ambitious proposal put forth by the national trade association ABCUL aims to significantly reshape the credit union common bond framework, emphasizing the importance of targeted modifications to sustain and expand the credit union sector in the UK. Recent trends highlight a decline in the number

February 17, 2025
Credit Bureaus Integrate Alternative Data for Fairer Credit Scores
Lending & Investment Credit Bureaus Integrate Alternative Data for Fairer Credit Scores

The landscape of credit assessment in the United States is undergoing a significant transformation. Traditional credit scoring models, which have long relied on past credit usage, are being supplemented with alternative credit data to provide a more comprehensive and fair evaluation of consumer

February 14, 2025
Can Sector-Specific Usury Rates Improve Credit Access in Colombia?
Lending & Investment Can Sector-Specific Usury Rates Improve Credit Access in Colombia?

In Colombia, the pervasive issue of financial exclusion has left vulnerable populations grappling with exorbitant interest rates and limited access to formal credit systems. Gabriel Santos, president of Colombia Fintech, has championed a transformative proposal: establishing sector-specific usury

February 12, 2025
Algebrik AI and Plaid Partner to Transform Credit Union Lending
Lending & Investment Algebrik AI and Plaid Partner to Transform Credit Union Lending

The partnership between Algebrik AI Inc., a pioneer in cloud-native, AI-driven Loan Origination Systems (LOS), and Plaid, a data network powering the digital financial ecosystem, aims to enhance lending processes for credit unions and financial institutions. By integrating Plaid's

February 11, 2025
FIS Receives Top Honors From Chartis for Lending and Credit Risk Solutions
Lending & Investment FIS Receives Top Honors From Chartis for Lending and Credit Risk Solutions

In today's rapidly evolving financial technology landscape, staying ahead is a challenge many companies face. However, FIS has consistently demonstrated its ability to not only keep pace but also lead with innovation and reliability. This commitment to excellence is evident as FIS recently

February 10, 2025
How Is Blend Revolutionizing the Mortgage Industry with Technology?
Lending & Investment How Is Blend Revolutionizing the Mortgage Industry with Technology?

How Is Blend Revolutionizing the Mortgage Industry with Technology? In recent years, the mortgage industry has seen substantial shifts towards digitalization, with technology playing a crucial role in transforming traditional processes. Blend is at the forefront of this revolution, as evidenced by

February 6, 2025
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