U.K. payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.) in the closing days of last week. The firm has confirmed that it has appointed Grant Thornton as administrators who...
Wonga, the U.K.-based payday lender, has halted accepting new loan applications. The Guardian, citing the company, reported that a statement on Wonga’s Website said: “While it continues to assess its options, Wonga has decided to stop taking loan applications. If you are an existing customer...
Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. The funding will help cover compensation claims related to its past censured practices, according to TechCrunch. Founded in the UK in 2006, Wonga had raised...
While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to harness and analyze that could potentially detect fraud and protect billions...
September 04, 2018
U.K. payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.) in the closing days of last week. The firm has confirmed that it has appointed Grant Thornton as administrators who will handle the details for four of Wonga’s business units: […]
April 14, 2017
How to construct a payments platypus of sorts — you know, a mish-mosh of opposites that may not on the surface dovetail well but still get put together once in...
October 16, 2018
Britain’s financial regulator has sent a warning to payday lenders after rising complaints following the collapse of Wonga. According to Reuters, the Financial Conduct Authority (FCA) sent a “Dear CEO” letter to providers of payday loans, requesting that they take a closer look to determine whether their creditworthiness assessments are compliant and whether borrowers need […]
August 30, 2018
Wonga, the U.K.-based payday lender, has halted accepting new loan applications. The Guardian, citing the company, reported that a statement on Wonga’s Website said: “While it continues to assess its...
August 06, 2018
Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. The funding will help cover compensation claims related to its...
April 14, 2017
While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set...
