Nova Credit

🇬🇧 Excited to share that HSBC has expanded the use of the Nova Credit Platform to include Mortgages!   After a successful first year serving HSBC’s global credit card business, we are proud to activate the Credit Passport to drive responsible growth within mortgage! We couldn't have asked for a better partner than HSBC to fuel our international expansion, from launching in Singapore to the UK. Seeing the Nova Platform leveraged to support financial access for newcomers across multiple geos and multiple verticals is what we set out to will into existence. The Nova Platform is quickly emerging as the industry's leading solution for unlocking alternative data to plug the gaps in the traditional credit bureaus. From Cash Flow Underwriting for loans for partners like SoFi, to powering newcomer acquisition for partners like Scotiabank and Rogers Bank, to now enabling mortgages with HSBC for people around the globe. Nova Credit continues to drive change in an industry very much in need of it. Come learn more about the many credit use cases powered by Nova's Platform Alternative at Money20/20! #hsbc #mortgage #credit #creditpassport #money2020 https://lnkd.in/eB3JMiAt

🚀 KICKSTART your cash flow analytics journey at Money20/20! 🚀 🗓️ Monday, October 28 ⏰ 8:30 AM - 10:30 AM ☕ Coffee & Conversation: Cash Flow Analytics Cash flow analytics is transforming the lending industry—so how do you get started and get the most lift? Join Chris Hansen (Nova Credit), Tim Hong (MoneyLion), and Richard Franks (PayPal) as they share strategies for getting started with minimal tech investment. This Q&A session will explore: 🔑 Low and no-code implementation options to drive fast impact 🚀 High-value use cases to maximize coverage & conversions 🌐 Affiliate channels to access consumer-permissioned data ⚙️ Overcoming infrastructure and user experience challenges Seats are limited, so RSVP now for the last remaining spots ⬇ https://lnkd.in/em8B6b8s #Money2020 #CashFlowAnalytics #Fintech #Underwriting #NovaCredit #lending

We're thrilled to announce the expansion of our multi-year relationship with SoFi! 🎉 SoFi is tapping into the power of cash flow underwriting to say yes to more borrowers using Cash Atlas™ by Nova Credit. Cash Atlas™ enables SoFi to access consumer-permissioned bank data and cash flow analytics, driving responsible loan growth for SoFi and its customers. At Nova Credit, we’re passionate about building modern credit infrastructure and data analytics for a more fair and inclusive financial system. We’ve been working closely with SoFi since 2020, and this latest chapter in our partnership is a testament to our shared vision: empowering more people to achieve their financial goals. 💡 A huge thanks to the SoFi team for their continued trust in our solutions! Here’s to driving more innovation together! 🤝 Read more 🔗 : https://lnkd.in/eky5S9St #Fintech #CreditInnovation #CashFlowUnderwriting #Partnership #NovaCredit #SoFi #CashAtlas #FinancialInclusion

🇨🇦 🇨🇦 🇨🇦 Today, we are proud to announce our partnership with Quarters to serve the rising new-to-Canada population. Leveraging the integration of Credit Passport, the Quarters platform will help newcomers use their existing credit history to access rental opportunities and secure housing before they arrive in Canada. “At Quarters, we believe that finding a home is more than just a transaction—it’s a journey. We’re thrilled to partner with Nova Credit to make this journey smoother for newcomers,” said Romir Joshi, CEO of Quarters. “Our platform not only makes dream homes more affordable but also empowers users to build a strong financial foundation in Canada.” We look forward to working with the Quarters team to help newcomers to Canada not only build credit but also to confidently make Canada their home with ease. Learn more here: https://lnkd.in/emtCwkm3 Next month, we will be at the #CanadianLendersSummit on Nov 6, where we will catch up with lenders on new solutions to serve traditionally underserved populations.

We can't wait to reconnect at Money20/20 this month! Are you attending? Here's a preview of where you can find Novans. 🔎 Attend our Session: Get inside industry leaders' POV at our CEO Misha Esipov's session on Sun, Oct 27 at 11:35am “Open Banking and the Future of the Credit Card.” 🔎 Brunch & Learn: Want to learn more about cash flow analytics from experts? Apply to attend an invite-only breakfast & learn session on getting started with cash flow analytics, focusing on new, low and no-code implementation options. 🔎 Book a 1x1 Meeting: Take home exclusive Nova Credit swag and catch up with our product experts. See all exclusive events and book a meeting with our product experts: https://lnkd.in/eQSZUrjK

🇨🇦 🇨🇦 Following a successful first year implementing Credit Passport with Scotiabank, we are excited to announce the expansion of our partnership, deploying our cross-border credit solution in their web and mobile applications! 📱 🖥 Last July, we jointly launched our first cross-border credit partnership in Canada with Scotiabank. Enabling newcomer clients to leverage their foreign credit history to request higher credit limits resulted in many getting 2x more than they would have received otherwise. With an expansion into mobile and web experiences, Scotiabank ➕ Nova Credit will undoubtedly help many more newcomers get access to the credit they deserve and start building their life with a better footing. Our team is proud to continue to partner with Scotiabank to create solutions that drive impact for newcomers. Hats off to the entire team. Check out the full release ➡ https://lnkd.in/eWYfK3QK

💡 💡 Section 1033 is expected to increase the sharing of consumer banking data between institutions and third parties, known as open banking. While this benefits both lenders and borrowers, it relies on consumers feeling comfortable sharing their information. To achieve this, lenders must build trust through clear, transparent communication, which is key to realizing open banking's potential. Nikki Cross, Nova Credit’s Sr. Director of Data Science Solutions, shares best practices and insights in a recent BAI article. Read more at the link below. ⬇ https://lnkd.in/eY5Myu6W

Last week, over 200 of the brightest minds in consumer credit assembled to drive adoption of cash flow data in lending. The Cash Flow Underwriting Summit was a significant step forward in our mission to improve access to credit for over 100 million underserved Americans.  Recordings and key takeaways will be available in the next few weeks.  Register now to be one of the first to receive recordings when they become available: https://lnkd.in/eXQQw6MV In the meantime, we’d like to thank the partners and community members who made the inaugural Summit a productive day for the industry, and a special thanks to all of our speakers for sharing their insights and expertise with the industry: Ashwin Adarkar, Dave Wasik, Collin Galster, Jennifer Tescher, Manolo Sánchez, Mike Shepard, Tom Brown, John McNamara, Penny Crosman, Gene Ludwig, Sarah Davies, Ph.D., Brian Hughes, Ash Gupta, Vishal Saxena, Alex Johnson, Naga P., Tim Hong, Peter Renton, Nikki Cross, Richard Franks, Nancy Berger, Ryan Nier, Anna Cottle, Rebecca E. Kuehn, Jason Capehart, Paul LaRusso, Dan Pillemer, Matt Lattman, Misha Esipov, Kenneth Lin, and Chris Hansen.

🎉 🎉 🎉 Welcome to the cash flow underwriting party, MoneyLion!! 📣 🤝 We are excited to announce our partnership to activate cash flow underwriting within MoneyLion’s consumer finance marketplace! This is a transformative partnership with a wide-ranging impact, accelerating the availability of cash flow data and underwriting tools for many financial institutions in the MoneyLion ecosystem. With Cash Altas plugged into MoneyLion’s engine, lenders can get a more complete view of credit risk, allowing them to use consumer-permissioned bank transaction data to make more informed underwriting decisions We are particularly proud that Concora Credit has shared its commitment to leverage this cash flow data to enhance its credit policies to reach a broader range of consumers. We look forward to sharing more about this partnership and our solution on Thursday at the Cash Flow Underwriting Summit. Read the full release below to learn more: https://lnkd.in/e7QzRRBt

🚀 Exciting Partnership Announcement! Nova Credit and Akoya have joined forces to enable greater access to cash flow and income analytics. Combining Akoya’s robust API-connected bank data network with Nova Credit’s credit expertise, results in a powerful solution for lenders looking to deploy cash flow and income analytics to improve credit decisioning. Together, we’re paving the way for a more transparent, secure, and inclusive financial system. Cash flow underwriting analytics leveraging Akoya’s data network is now active and available for deployment across large or small institutions and/or workflows. To learn more, please connect with our teams at https://lnkd.in/dtsYZHuM or read the full press release below ⬇ https://lnkd.in/dMeGCxcf #Fintech #OpenBanking #CreditAnalytics #FinancialInclusion