Credit scoring

FIS Named to Fast Company’s 2021 Best Workplaces for Innovators

Retrieved on: 
Wednesday, August 4, 2021

Financial technology leader FIS (NYSE: FIS) announced today that it has been named to Fast Company Magazines 2021 Best Workplaces for Innovators list.

Key Points: 
  • Financial technology leader FIS (NYSE: FIS) announced today that it has been named to Fast Company Magazines 2021 Best Workplaces for Innovators list.
  • Fast Companys annual Best Workplaces for Innovators recognizes companies that are successfully fostering cultures of innovation by empowering employees to improve processes, create new products and invent new ways of doing business.
  • FIS is one of just 100 companies spotlighted in this years Fast Company list.
  • As the company that has become the destination for innovation, FIS is honored to be recognized as a top workplace for innovators, said Bruce Lowthers, president of FIS.

TransUnion Enters New Long-term Agreement with FICO to Distribute FICO® Score in Canada

Retrieved on: 
Tuesday, August 3, 2021

TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- TransUnion Canada announced today that it has entered a new multi-year agreement with FICO to distribute FICO Scores to lenders, adjacencies, and consumers.

Key Points: 
  • TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- TransUnion Canada announced today that it has entered a new multi-year agreement with FICO to distribute FICO Scores to lenders, adjacencies, and consumers.
  • TransUnions comprehensive data coverage and robust product suite will continue to support Canadian consumer broad access to credit and financial empowerments, said Todd Skinner, President, TransUnion Canada.
  • Through this long-term contract with FICO, we look forward to continuing to service the Canadian credit ecosystem and empowering consumers to achieve their financial potential."
  • The FICO Score has been core to the lending process in Canada for nearly three decades.

FICO Announces Earnings of $5.18 per Share for Third Quarter Fiscal 2021

Retrieved on: 
Tuesday, August 3, 2021

SAN JOSE, Calif., Aug. 3, 2021 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its third fiscal quarter ended June 30, 2021.

Key Points: 
  • SAN JOSE, Calif., Aug. 3, 2021 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its third fiscal quarter ended June 30, 2021.
  • Net income for the quarter totaled $151.2 million, or $5.18 per share, versus $64.1 million, or $2.15 per share, in the prior year period.
  • Net cash provided by operating activities for the quarter was $100.6 million versus $106.9 million in the prior year period.
  • Non-GAAP Net Income for the quarter was $98.8 million versus$76.7 million in the prior year period.

Bloom Credit Launches Automated Furnishment to All Three Credit Bureaus

Retrieved on: 
Tuesday, August 3, 2021

Current clients using Furnish by Bloom Credit to automate furnishment to their consumer clients include Augie, Ava, Deserve, Purpose Financial, and Yotta.

Key Points: 
  • Current clients using Furnish by Bloom Credit to automate furnishment to their consumer clients include Augie, Ava, Deserve, Purpose Financial, and Yotta.
  • "Some lenders struggle with consistently and accurately furnishing data to the credit bureaus, while others don't even furnish at all," said Christian Widhalm, CEO of Bloom Credit.
  • "Furnish by Bloom Credit enables lenders to easily and accurately report credit data, which ultimately helps consumers gain equal access to credit and improve their financial lives."
  • Bloom Credit is an API platform company that helps businesses integrate with credit bureaus for access to scores, monitoring, and furnishment products.

Bank of Blue Valley Launches New Home Improvement Loan for Low- to Moderate- Income Consumers

Retrieved on: 
Friday, July 30, 2021

Were proud to launch this new loan product to help the communities we serve, said Brent Giles, President and CEO at Bank of Blue Valley.

Key Points: 
  • Were proud to launch this new loan product to help the communities we serve, said Brent Giles, President and CEO at Bank of Blue Valley.
  • Bank of Blue Valley is dedicated to meeting the needs of our customers by providing access to credit.
  • The new Home Improvement loan will provide credit for those who need it most.
  • This new product is part of a broader initiative at Bank of Blue Valley and HTLF to help consumers in need of credit.

Citywide Banks Launches New Home Improvement Loan for Low- to Moderate-Income Consumers

Retrieved on: 
Thursday, July 29, 2021

Were proud to launch this new loan product to help the communities we serve, said Michael Wamsganz, President and CEO at Citywide Banks.

Key Points: 
  • Were proud to launch this new loan product to help the communities we serve, said Michael Wamsganz, President and CEO at Citywide Banks.
  • Citywide Banks is dedicated to meeting the needs of our customers by providing access to credit.
  • The new Home Improvement loan will provide credit for those who need it most.
  • This new product is part of a broader initiative at Citywide Banks and HTLF to help consumers in need of credit.

Houston Rockets Announce Partnership with Credit Karma Money Including Jersey Patch Sponsorship

Retrieved on: 
Wednesday, July 28, 2021

The Houston Rockets today announced a multi-year partnership with Credit Karma Money , highlighted by a jersey patch sponsorship beginning with the upcoming 2021-22 NBA season.

Key Points: 
  • The Houston Rockets today announced a multi-year partnership with Credit Karma Money , highlighted by a jersey patch sponsorship beginning with the upcoming 2021-22 NBA season.
  • Credit Karma Money is built to help the everyday American make financial progress and we couldnt think of a better partner than a vibrant, diverse city like Houston, said Poulomi Damany, General Manager, Credit Karma Money and Tax.
  • In addition, the Rockets partnership with Credit Karma Money includes a substantial in-arena and online presence along with support of team community engagement efforts, including recognizing Houston hometown heroes.
  • Credit Karma Money is a new money experience from Credit Karma, the personal finance platform more than 100 million Americans already trust.

TransUnion Launches New Indicator Charting Health of Canada’s Credit Market

Retrieved on: 
Wednesday, July 28, 2021

Analysis shows continued effects on credit market health since the onset of the pandemic, with a partial recovery recorded in most recent months, while still below pre-pandemic levels

Key Points: 
  • Analysis shows continued effects on credit market health since the onset of the pandemic, with a partial recovery recorded in most recent months, while still below pre-pandemic levels
    TORONTO, July 28, 2021 (GLOBE NEWSWIRE) -- TransUnion has recently developed a new Credit Industry Indicator (CII) to summarize the relative health of Canadas consumer credit market*.
  • The CII charts the relative health of Canadas consumer credit market through a number of significant economic and market changes.
  • To learn more about the Credit Industry Indicator, visit: https://content.transunion.com/v/credit-industry-indicator
    * Consumer credit products include: bankcards, auto loan, lines of credit, personal loan, residential mortgages, and education loans
    ** The TransUnion Credit Industry Indicator (CII) is an evolving model which is regularly reviewed to ensure the most relevant variables and their relative weighting are selected to best chart the credit health of Canadas consumer credit market.
  • It evaluates the impact of hundreds of reported credit variables and identifies those that are most significant and summarizes movements amongst credit demand, credit supply, consumer credit behaviours, and credit performance metrics over time.

PDF Solutions to Report Second Quarter Fiscal Year 2021 Financial Results on August 10, 2021

Retrieved on: 
Tuesday, July 27, 2021

SAN JOSE, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor ecosystem, announced that it will release second quarter fiscal year 2021 financial results after the market close on Tuesday, August 10, 2021.

Key Points: 
  • SAN JOSE, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor ecosystem, announced that it will release second quarter fiscal year 2021 financial results after the market close on Tuesday, August 10, 2021.
  • You do not need a passcode, just reference the PDF Solutions Second Quarter Fiscal Year 2021 Financial Results Call.
  • Founded in 1991, PDF Solutions is headquartered in Santa Clara, California, with operations across North America, Europe, and Asia.
  • PDF Solutions and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. or its subsidiaries.

Equifax to Acquire CoreLogic® Teletrack®

Retrieved on: 
Tuesday, July 27, 2021

ATLANTA, July 27, 2021 /PRNewswire/ -- Equifax (NYSE: EFX) a global data, analytics and technology company today announced that the company has signed a definitive agreement to acquire Teletrack, a U.S. leader in alternative credit data, from CoreLogic.

Key Points: 
  • ATLANTA, July 27, 2021 /PRNewswire/ -- Equifax (NYSE: EFX) a global data, analytics and technology company today announced that the company has signed a definitive agreement to acquire Teletrack, a U.S. leader in alternative credit data, from CoreLogic.
  • "Our strong financial performance, balance sheet, and cloud investments allow Equifax to reinvest our cash flow in this accretive and strategic acquisition of Teletrack that will expand the breadth of differentiated data assets that only Equifax can provide," said Mark W. Begor, CEO of Equifax.
  • "CoreLogic and Equifax have a shared commitment to the development of solutions that help people live their financial best, which in turn strengthens our local communities," said Frank Martell, president and CEO at CoreLogic.
  • Teletrack, a subsidiary of CoreLogic, is a leading Specialty Consumer Reporting Agency ("CRA") that provides non-traditional credit data and insights to the alternative financial services industry.