Matthew Davies

Lenders That Level the Playing Field for UK Immigrants Will Benefit Most From One of UK’s Fastest-Growing Demographics

Retrieved on: 
Wednesday, July 26, 2023

The research finds that, for two in three (66%) immigrants, the process to receive credit products takes longer than it should due to applicants' lack of UK credit history.

Key Points: 
  • The research finds that, for two in three (66%) immigrants, the process to receive credit products takes longer than it should due to applicants' lack of UK credit history.
  • Only one in four (26%) of immigrants who moved to the UK in the last ten years have experienced fully online processes to access credit products and services.
  • This imbalance arises when an individual moves to a new country, leaving their credit history behind in their previous country.
  • Gaining access to an applicant’s previous credit history provides lenders a more accurate view of a consumer’s financial situation.

Nova Credit Receives Authorisation to Become UK’s First Cross-Border Credit Reference Provider

Retrieved on: 
Thursday, January 19, 2023

Nova Credit UK, a wholly owned subsidiary of Nova Credit , has received the requisite scope of permissions in order to provide credit references in the UK from the Financial Conduct Authority (FCA).

Key Points: 
  • Nova Credit UK, a wholly owned subsidiary of Nova Credit , has received the requisite scope of permissions in order to provide credit references in the UK from the Financial Conduct Authority (FCA).
  • Nova Credit UK’s parent company, U.S.-founded Nova Credit, is a consumer-permissioned credit bureau that’s on a mission to accelerate financial inclusion for immigrants globally.
  • Nova Credit announced its intention to expand to Europe, starting with the UK, in Spring 2022 .
  • By working with Nova Credit UK, financial services providers in the UK can now incorporate credit information from foreign bureaus as part of their creditworthiness assessment.

Data History Museum Reimagines Museums by Launching the World's First NFT-Powered Collection of Earthquake Artifacts

Retrieved on: 
Monday, May 23, 2022

MELBOURNE, Australia, May 23, 2022 /PRNewswire/ -- Data History Museum, a MakerX venture, has sold out its Genesis Collection, including the world's first verifiably authentic digital historical artifact, which marks a 4.67 magnitude earthquake in Hawaii and was sold at auction for 1050 Algos, with 50% of the proceeds donated towards scientific research and 50% towards disaster relief.

Key Points: 
  • Data History Museum was created to produce NFT artifacts for all major historical events as they happen.
  • Data History Museum's detailed whitepaper further outlines how NFTs qualify as legitimate historical artifacts.
  • Following earthquakes, the Data History Museum plans to produce artifacts for all kinds of events, from hurricanes & solar flares, to scientific breakthroughs & election results.
  • Data History Museum, a MakerX venture, has a mission to mint, catalog, and sell verifiably authentic digital artifacts forged during the most significant events of human, terrestrial and cosmic history.

U.S. Fintech Nova Credit Expands Into Europe, Unlocking Credit for Immigrants Excluded From Archaic Cross-Border Credit System

Retrieved on: 
Tuesday, April 12, 2022

Nova Credit , the fintech unlocking opportunities for those historically excluded from the credit system and companies looking to serve them, has announced the companys expansion into Europe.

Key Points: 
  • Nova Credit , the fintech unlocking opportunities for those historically excluded from the credit system and companies looking to serve them, has announced the companys expansion into Europe.
  • Nova Credit Co-Founder Nicky Goulimis will serve as the Executive Director of Nova Credit UK, Collin Galster will oversee strategic operations as VP of International and Director of Nova Credit UK, and Matt Davies (1), who is based in the UK and has extensive experience in consumer credit, joins Nova Credit as Head of UK Market Development.
  • Collin Galster, VP International at Nova Credit & Director of Nova Credit UK, comments: Millions of immigrants cross borders every year to work, study and establish new lives for themselves and their families.
  • Nicky Goulimis, Nova Credit Co-Founder & Executive Director of Nova Credit UK, concludes: Until Nova Credit, theres been no standardised way for lenders to communicate with credit bureaus around the world.