Nova Credit news and trends

Small Business, Banks Embrace Credit Alternatives
Loans // March 21, 2024

Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech collaborations forged and expanded. Alternative lending (or alt-lending) gets funding, typically short-term in nature, to borrowers, with one particular ready-made...

Nova Credit Launches Alternative Credit Data Platform for Lenders
Consumer Finance // March 04, 2024

Nova Credit has introduced its Nova Credit Platform, which is aimed at transforming how lenders manage and analyze consumer credit data.  This new platform provides a means for easy integration, efficient management and insightful analysis of consumer credit data from alternative sources, adhering to consumer reporting agency...

HSBC and Nova Team to Help UK Immigrants Boost Their Credit
Financial Inclusion // September 18, 2023

British banking giant HSBC and Nova Credit want to let U.K. immigrants improve their credit. The partnership, announced Monday (Sept. 18) in a news release provided to PYMNTS, lets customers who are applying for an HSBC U.K. credit card online employ Credit’s Nova Passport technology...

Earnest and Nova Credit Team to Offer Loans for International Students
Loans // July 17, 2023

FinTech Earnest has teamed with Nova Credit to offer private student loans for international students. The partnership, announced Monday (July 17), is happening at a time when foreign-born students make up nearly 5% of the student population at U.S. colleges and universities, the two companies said in a news release. “Beyond...

Interviews & Exclusives
Small Business, Banks Embrace Credit Alternatives

March 21, 2024
Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech collaborations forged and expanded. Alternative lending (or alt-lending) gets funding, typically short-term in nature, to borrowers, with one particular ready-made audience extant in the form of small business applicants. The […]

Why Global Citizens Need Credit Passports

February 25, 2020
When one has a credit history, it is easy to overlook if it’s working as intended, as it is a fairly invisible piece of the fabric of day-to-day financial life....

Quick Reads
Nova Credit Launches Alternative Credit Data Platform for Lenders

March 04, 2024
Nova Credit has introduced its Nova Credit Platform, which is aimed at transforming how lenders manage and analyze consumer credit data.  This new platform provides a means for easy integration, efficient management and insightful analysis of consumer credit data from alternative sources, adhering to consumer reporting agency standards, the company said in a Monday (March 4) press release.  […]

HSBC and Nova Team to Help UK Immigrants Boost Their Credit

September 18, 2023
British banking giant HSBC and Nova Credit want to let U.K. immigrants improve their credit. The partnership, announced Monday (Sept. 18) in a news release provided to PYMNTS, lets customers...

Earnest and Nova Credit Team to Offer Loans for International Students

July 17, 2023
FinTech Earnest has teamed with Nova Credit to offer private student loans for international students. The partnership, announced Monday (July 17), is happening at a time when foreign-born students make up nearly 5% of the student...

Nova Credit Teams with Alloy on Inclusive Business Lending

May 24, 2022
San Francisco-based FinTech Nova Credit partnered with identity decisioning platform Alloy to help lenders become more inclusive and serve more consumers across the credit spectrum without increasing the risk of...