Nova Credit news and trends

MoneyLion and Nova Credit Deliver Cash Flow Data to Lenders
Loans // September 10, 2024

MoneyLion and Nova Credit have partnered to give credit issuers a more comprehensive view of consumers’ financial health and expand consumers’ access to credit. With this collaboration, lenders using MoneyLion’s hosted decisioning engine will be able to integrate Nova Credit’s cash flow underwriting data and...

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....

Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
Loans // May 24, 2024

The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. In the decades since, and now as we’re on the cusp of the middle of the 2020s, relying on the triple-digit number to crystallize...

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...

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 to Supply Consumer-Permissioned Cash Flow Data to SoFi

October 15, 2024
Digital financial services provider SoFi will leverage credit infrastructure and analytics firm Nova Credit’s consumer-permissioned data and analytics solution, Cash Atlas, to bolster its loan underwriting. With Cash Atlas, SoFi will be able to use cash flow data to gain a real-time and granular view of a consumer’s financial health and generate a more complete […]

MoneyLion and Nova Credit Deliver Cash Flow Data to Lenders

September 10, 2024
MoneyLion and Nova Credit have partnered to give credit issuers a more comprehensive view of consumers’ financial health and expand consumers’ access to credit. With this collaboration, lenders using MoneyLion’s...

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...

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...