nova credit introduced Nova Credit Platformaims to transform the way lenders manage and analyze consumer credit data.
The new platform complies with consumer reporting agency standards and provides a means for easy integration, efficient management and insightful analysis of consumer credit data from alternative sources, the company said on Monday (March 2020). It was announced on the 4th). press release.
It aims to solve the challenges faced by lenders in using additional data to improve financial access for consumers. Misha Esipovsaid Nova Credit CEO and co-founder in a release.
“After some of the world’s largest banks and issuers gained access to alternative data, the Nova Credit Platform was introduced to solve that problem,” Esipov said. “We provide the infrastructure and analytical foundations businesses need to grow responsibly, fulfill their missions, and remain competitive in the marketplace.”
According to the release, the platform is specifically designed for lenders looking to improve their credit data onboarding, validation, and underwriting processes, and integrates advanced data science, robust infrastructure, and comprehensive compliance. Masu.
The innovation comes at a time when the financial industry is moving toward more open banking practices, highlighting the need for secure and efficient data sharing and usage, the release said.
With each release, the Nova Credit Platform offers features such as multi-source data onboarding, built-in analytics, different deployment options such as no-code solutions and direct application programming interface (API) integration, and a complete compliance framework. I am.
We support Nova Credit’s core products, including: cache atlas, income navigator and credit passportprovides reliable and efficient credit evaluation, the release states.
“As the use of alternative credit data continues to mature, ensuring that data is reliable, compliant, and accurate is a top priority for lenders looking to incorporate it into their underwriting practices. It has to be a matter of fact.” Yasin Azmisaid Nova Credit’s chief technology officer in a release.
In another recent move by the company, Nova Credit has partnered with a major UK bank. HSBC It was established in September to enable banks to help UK immigrants improve their creditworthiness.
The partnership will enable employment for customers applying for an HSBC UK credit card online. nova passport Technology to share credit history From over a dozen countries.
