Equifax

Businesses Lean on Revolving Credit Amidst Rising Financial Stress

Retrieved on: 
Tuesday, June 20, 2023

Additionally, it highlights growing financial stress in the industrial and financial trades.

Key Points: 
  • Additionally, it highlights growing financial stress in the industrial and financial trades.
  • By contrast, during the same period, credit card balances grew by 15 per cent, while lines of credit showed an 11 per cent increase.
  • The industrial and financial trades are also showing signs of financial stress.
  • “The persistent rise in early delinquency rates in these trades suggests that businesses are struggling to meet their financial obligations,” he explained.

Vesta Announces Integration with The Work Number® from Equifax to Help Increase Lender Efficiency

Retrieved on: 
Tuesday, June 13, 2023

Vesta , the next-generation loan origination system (LOS), has announced its integration with The Work Number® from Equifax.

Key Points: 
  • Vesta , the next-generation loan origination system (LOS), has announced its integration with The Work Number® from Equifax.
  • This integration enables lenders using Vesta's LOS to effortlessly access robust verification of employment and income capabilities from The Work Number within the LOS interface.
  • "We are excited about the positive impact this integration will have on efficiency and outcomes for our customers.
  • This integration marks the beginning of an exciting relationship with Equifax, and we look forward to delivering even greater value to our customers," said Mike Yu, Vesta CEO.

Sword Health Announces Appointment of Beverly Anderson to Board of Directors

Retrieved on: 
Thursday, June 8, 2023

NEW YORK, June 08, 2023 (GLOBE NEWSWIRE) -- Sword Health , the world’s first end-to-end platform to predict, prevent and treat pain, today announced the appointment of esteemed executive Beverly Anderson to its board of directors.

Key Points: 
  • NEW YORK, June 08, 2023 (GLOBE NEWSWIRE) -- Sword Health , the world’s first end-to-end platform to predict, prevent and treat pain, today announced the appointment of esteemed executive Beverly Anderson to its board of directors.
  • “We are honored to welcome Beverly to the Sword Board of Directors,” said Virgílio Bento, CEO and Founder of Sword.
  • Anderson has extensive experience building businesses, driving growth and innovation, and delivering significant results across the financial services, payments, and fintech industries.
  • “Sword is leading the way in creating a pain-free future for us all and I am proud to be joining the board of directors at such a pivotal moment of growth for the company,” said Anderson of her appointment.

Sezzle - The Responsible Way to Pay™

Retrieved on: 
Thursday, June 8, 2023

With over 60% of U.S. consumers living paycheck-to-paycheck[1], Sezzle believes that finding The Responsible Way to PayTM is now more important than ever.

Key Points: 
  • With over 60% of U.S. consumers living paycheck-to-paycheck[1], Sezzle believes that finding The Responsible Way to PayTM is now more important than ever.
  • Whether it is Pay-in-Full, Pay-in-Two, Pay-in-Four, or long-term monthly payments through referral partnerships with other financial institutions – Sezzle has it.
  • Sezzle integrates stakeholder concerns into all decisions made across the business to enhance sustainability, promote equity, and support communities.
  • [2] Sezzle is not responsible for charges that may be assessed by merchants such as shipping.

Increased Demand for Credit Continues and Delinquency Rates Rise as Some Consumers Struggle with Affordability

Retrieved on: 
Tuesday, June 6, 2023

TORONTO, June 06, 2023 (GLOBE NEWSWIRE) -- Credit demand remained high in the first quarter of this year while the mortgage market experienced a notable slowdown, according to Equifax® Canada’s most recent Market Pulse consumer credit trends and insights report. Despite the slow mortgage market, the total consumer debt remained substantial at $2.37 trillion, representing a 4.9 per cent increase from the same period in the previous year.

Key Points: 
  • "The higher cost of living and the influx of new consumers entering the credit market have driven credit card balances to rise by 14.5 per cent compared to Q1 2022."
  • On average, consumers are spending 21.5 per cent more each month on their credit cards when compared to their pre-pandemic spend.
  • The biggest increase in credit card spending is from revolving consumers (consumers who pay less than 90 per cent of their credit card balance each month).
  • Consumers holding variable rate products are feeling the pressure of higher payments, however, overall mortgage delinquency rates remain lower than pre-pandemic levels.

Zenbase is Now Working With Equifax to Offer Automated Rent Reporting and Support Landlord ESG Initiatives

Retrieved on: 
Wednesday, June 7, 2023

By reporting rental data to Equifax Canada, Zenbase is helping Canadians build their credit history.

Key Points: 
  • By reporting rental data to Equifax Canada, Zenbase is helping Canadians build their credit history.
  • With deep accounting integrations across the multi-family space, Zenbase is proud to offer the first of its kind landlord-verified rent reporting in Canada that’s completely automated.
  • The entire process of monitoring and reporting is handled by Zenbase and it requires zero investment for the landlords.
  • “We are so pleased to be working with Zenbase to benefit Canadian renters, who are often underserved by traditional credit.

Fintech as a Service (FaaS) Market worth $676.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, June 8, 2023

Businesses and consumers increasingly embrace online and mobile payments, driving the expansion of the payment segment within the FaaS market.

Key Points: 
  • Businesses and consumers increasingly embrace online and mobile payments, driving the expansion of the payment segment within the FaaS market.
  • FaaS providers offering payment solutions can cater to customers globally, expanding their market size and revenue potential.
  • FaaS providers offer compliance and regulatory support solutions to help financial institutions comply with these regulations more quickly and efficiently.
  • Fintech as a Service (FaaS) Market Advantages:
    Companies can quickly start and scale their financial services operations thanks to FaaS.

Fintech as a Service (FaaS) Market worth $676.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, June 8, 2023

Businesses and consumers increasingly embrace online and mobile payments, driving the expansion of the payment segment within the FaaS market.

Key Points: 
  • Businesses and consumers increasingly embrace online and mobile payments, driving the expansion of the payment segment within the FaaS market.
  • FaaS providers offering payment solutions can cater to customers globally, expanding their market size and revenue potential.
  • FaaS providers offer compliance and regulatory support solutions to help financial institutions comply with these regulations more quickly and efficiently.
  • Fintech as a Service (FaaS) Market Advantages:
    Companies can quickly start and scale their financial services operations thanks to FaaS.

Teranode Teases Upcoming Upgrade of BSV Network to Enable Unbounded Scaling

Retrieved on: 
Friday, June 2, 2023

LONDON, June 2, 2023 /PRNewswire/ -- Today, at the third and final day of the London Blockchain Conference, Jake Jones, Head of Network Infrastructure at the Bitcoin Association for BSV, discussed 'Teranode', a scalable Bitcoin node software. With the ultimate goal of creating unbounded scaling, Jones detailed the requirements for achievement, including deploying horizontal scaling and microservices.

Key Points: 
  • With the ultimate goal of creating unbounded scaling, Jones detailed the requirements for achievement, including deploying horizontal scaling and microservices.
  • Interoperability was also discussed as one of the many benefits that results from unbounded scaling, which would allow a frictionless exchange between digital versions of currencies like the pound, yen and dollar.
  • With unbounded scaling, the BSV blockchain model would disincentive hackers from even attempting to steal one's information.
  • If you would like to interview any of the speaker/keynotes from the conference, please email: [email protected] .

Teranode Teases Upcoming Upgrade of BSV Network to Enable Unbounded Scaling

Retrieved on: 
Friday, June 2, 2023

LONDON, June 2, 2023 /PRNewswire/ -- Today, at the third and final day of the London Blockchain Conference, Jake Jones, Head of Network Infrastructure at the Bitcoin Association for BSV, discussed 'Teranode', a scalable Bitcoin node software. With the ultimate goal of creating unbounded scaling, Jones detailed the requirements for achievement, including deploying horizontal scaling and microservices.

Key Points: 
  • With the ultimate goal of creating unbounded scaling, Jones detailed the requirements for achievement, including deploying horizontal scaling and microservices.
  • Interoperability was also discussed as one of the many benefits that results from unbounded scaling, which would allow a frictionless exchange between digital versions of currencies like the pound, yen and dollar.
  • With unbounded scaling, the BSV blockchain model would disincentive hackers from even attempting to steal one's information.
  • If you would like to interview any of the speaker/keynotes from the conference, please email: [email protected] .