By Ann Cairns, Executive Vice Chair of Mastercard Africa, like everywhere in the world, has been coping with COVID-19, which has disproportionately impacted women. The pandemic is a watershed moment for gender equality and an African Union report notes the importance of a gendered perspective in the analysis of this multi-dimensional event, to improve outcomes for … Read More
Buy now pay later provider aims to take bite out of $30b business credit market
10 Mar, 2021 04:00 PM
3 minutes to read
The rise in buy-now, pay-later use has already taken a bite out of the consumer credit card market and now one provider is aiming to take on the $30 billion business credit market. Humm, which was previously called FlexiGroup, has launched a buy-now, pay-later service for small and medium-sized companies allowing them to access up to $30,000 with no interest for up to six months.
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Chris Lamers, Humm s deputy group chief executive who is Auckland-based, said just like consumers, businesses were looking for more flexible cashflow options.
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MILAN, March 10, 2021 /PRNewswire/ Fido today announced that it has filed a nonprovisional patent application with the United States Patent and Trademark Office (USPTO) for providing a new credit score system and method with digital footprints.
The financial industry is undergoing rapid technological change. The most transformative information innovation is the increase in use of new types of data coming from the digital footprint of customers various online activities, mainly for credit-worthiness analysis.
Credit scoring using so-called hard information (income, employment time, assets and debts) is nothing new. Typically, the more data is available, the more accurate is the assessment. But conventional credit scoring methods have two problems. First, hard information tends to be procyclical : it boosts credit expansion in good times but exacerbates contraction during downturns.
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