credit scoring

Indonesia’s Skorlife gets funding to give Indonesians power over their credit scores

Skorlife, the fintech that wants to give Indonesians more transparency into their credit scores, has raised $4 million in seed funding. The round was led by Hummingbird Ventures, with participation fr

Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report, only 11% of Africa’s population have their c

Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

Consumer credit reporting agency TransUnion recently announced it had invested an undisclosed sum in Spring Labs, which is building out a blockchain-based data-sharing platform. Now, TechCrunch has ex

FBI secretly demands a ton of consumer data from credit agencies. Now lawmakers want answers

Recently released documents revealed the FBI has for years secretly demanded vast amounts of Americans’ consumer and financial information from the largest U.S. credit agencies. The FBI regularl

Cybersecurity firm Sonatype acquired by Vista Equity

Private equity firm Vista Equity Partners has acquired Sonatype, a cybersecurity-focused open-source automation company. Terms of the deal were not disclosed, but Sonatype said the acquisition will he

Mobile messaging financial advisory service Stackin’ adds banking features and raises cash

When Stackin’ initially pitched itself as part of the Techstars Los Angeles accelerator program two years ago, the company was a video platform for financial advice targeting a millennial audien

Capital One’s breach was inevitable, because we did nothing after Equifax

Another day, another massive data breach. This time it’s the financial giant and credit card issuer Capital One, which revealed on Monday a credit file breach affecting 100 million Americans and

FTC slaps Equifax with a fine of up to $700M for 2017 data breach

Credit agency Equifax will pay up to $700 million in fines as part of a settlement with federal authorities over a data breach in 2017. The Federal Trade Commission said in a statement Monday that Equ

After Equifax breach, US watchdog says agencies aren’t properly verifying identities

A federal watchdog says the government should stop relying on the credit agencies to verify the identifies of those using government services. In a report out this week, the the Government Accountabil

As threats proliferate, so do new tools for protecting medical devices and hospitals

Six months after an episode of “Homeland” showed hackers exploiting security vulnerabilities in the (fictional) vice president’s pacemaker, Mike Kijewski, the founder of a new startu

Most of the Fortune 100 still use flawed software that led to the Equifax breach

Almost two years after Equifax’s massive hack, the majority of Fortune 100 companies still aren’t learning the lessons of using vulnerable software. In the last six months of 2018, two-thi

Equifax, Western Union, Priceline settle with New York attorney general over insecure mobile apps

New York’s attorney general has settled with five tech and financial giants, requiring each company to implement basic security on their mobile apps. The settlements force Credit Sesame, Equifax

Experian leads $10M investment in Southeast Asia fintech startup Jirnexu

Consumer credit giant Experian is continuing to back Asian fintech startups after it led a $10 million investment in Southeast Asia’s Jirnexu. Jirnexu, which is headquartered in Kuala Lumpur, op

Credit Karma acquires Noddle from TransUnion and expands to the UK

Credit Karma, the US startup with 85 million users that offers credit reports and a platform to browse and buy other financial services, has made an acquisition to help it kick-start its first oversea

Equifax slapped with UK’s maximum penalty over 2017 data breach

Credit rating giant Equifax has been issued with the maximum possible penalty by the UK’s data protection agency for last year’s massive data breach. Albeit, the fine is only £500,000 bec

Alibaba’s Ant Financial denies stealing from Equifax

Ant Financial has denied claims that it covertly raided Equifax — the U.S. credit firm that was hit by a hack last year — to grab information, including code, confidential data and documen

Experian leads $28M investment in Southeast Asia fintech startup C88

Experian is making its first major bet on Southeast Asia and its population of over 650 million consumers after the financial credit giant backed Singapore-based C88 Financial Technologies, which op

Credit giant Experian leads $30M investment in India’s BankBazaar

Indian credit marketplace BankBazaar has pulled in $30 million in fresh funding led by Experian, the London-headquartered credit giant with a £14 billion ($18 billion) market cap. BankBazaar seems to

Equifax products also leaked thousands of salary histories

Equifax is still leaking like a sieve. Security researcher Brian Krebs has outlined a vulnerability in Equifax’s The Work Number product, a system used by credit companies to confirm your salary

Former Equifax CEO says breach boiled down to one person not doing their job

In a continued effort to pass on any responsibility for the largest data breach in American history, Equifax’s recently departed CEO is blaming it all on a single person who failed to deploy a p
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