Nova Credit

🇨🇦 🇨🇦 🇨🇦 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

🇨🇦 We are delighted and proud to announce our partnership with BMO, expanding our reach and support for newcomers in Canada. 🇨🇦 "Our collaboration with BMO underscores the necessity of lenders to serve all customers fairly and responsibly, and a reminder that financial inclusion for newcomers demands that opportunity is not limited by where a person comes from but rather where they are going." says Collin Galster, COO, Nova Credit. Collin's sentiment is shared by all Novans, we are incredibly humbled to be able to work with leading financial institutions like BMO and are motivated by our expanding reach to help even more newcomers in Canada! Read the full press release ⬇ https://lnkd.in/eUb4Evh2

🇨🇦 Today, we are proud to announce our partnership with Rogers Communications, leveraging the Credit Passport across their telecom and bank services. 🇨🇦 This partnership is unique in that it helps us support two critical services for newcomers upon arrival, getting a credit card and a phone plan, by working with the same partner. The Rogers team has shown a strong commitment to serving the newcomer segment since we launched in Canada. "At Rogers, we are committed to making Canada home for newcomers from the moment they arrive," said Phil Hartling, President of Wireless, Rogers. "Our partnership with Nova Credit not only removes a roadblock to help newcomers establish a financial foundation in Canada, but it also helps them stay connected with loved ones as they start their new life here.” 🌟 We share in this sentiment and look forward to serving many newcomers to Canada together with the Rogers team! 🌟 Read more ➡ https://lnkd.in/dDi--3EJ

Few companies have been so disruptive, yet so beneficial to consumer credit in the U.S. as Credit Karma has. Since its founding and exponential growth over the last decade, the fintech titan has enabled access to credit, education, and better user experiences for millions of Americans. Along the way, they ushered in a new era of credit products and marketing through affiliate marketplaces, drastically innovating the way financial institutions engage consumers. Looking forward to Kenneth Lin and Misha Esipov in conversation as the #CashFlowUnderwritingSummit to discuss the future of consumer credit and products for the next decade. Review the entire Cash Flow Underwriting Summit agenda and apply to attend today. https://lnkd.in/eeKFz89n