Nova Credit

🇨🇦 We are delighted and proud to announce our partnership with BMO, expanding our reach and support for newcomers in Canada. 🇨🇦 "Our collaboration with BMO underscores the necessity of lenders to serve all customers fairly and responsibly, and a reminder that financial inclusion for newcomers demands that opportunity is not limited by where a person comes from but rather where they are going." says Collin Galster, COO, Nova Credit. Collin's sentiment is shared by all Novans, we are incredibly humbled to be able to work with leading financial institutions like BMO and are motivated by our expanding reach to help even more newcomers in Canada! Read the full press release ⬇ https://lnkd.in/eUb4Evh2

🇨🇦 Today, we are proud to announce our partnership with Rogers Communications, leveraging the Credit Passport across their telecom and bank services. 🇨🇦 This partnership is unique in that it helps us support two critical services for newcomers upon arrival, getting a credit card and a phone plan, by working with the same partner. The Rogers team has shown a strong commitment to serving the newcomer segment since we launched in Canada. "At Rogers, we are committed to making Canada home for newcomers from the moment they arrive," said Phil Hartling, President of Wireless, Rogers. "Our partnership with Nova Credit not only removes a roadblock to help newcomers establish a financial foundation in Canada, but it also helps them stay connected with loved ones as they start their new life here.” 🌟 We share in this sentiment and look forward to serving many newcomers to Canada together with the Rogers team! 🌟 Read more ➡ https://lnkd.in/dDi--3EJ

Few companies have been so disruptive, yet so beneficial to consumer credit in the U.S. as Credit Karma has. Since its founding and exponential growth over the last decade, the fintech titan has enabled access to credit, education, and better user experiences for millions of Americans. Along the way, they ushered in a new era of credit products and marketing through affiliate marketplaces, drastically innovating the way financial institutions engage consumers. Looking forward to Kenneth Lin and Misha Esipov in conversation as the #CashFlowUnderwritingSummit to discuss the future of consumer credit and products for the next decade. Review the entire Cash Flow Underwriting Summit agenda and apply to attend today. https://lnkd.in/eeKFz89n

Immigrants make up over 23% of Canada's population (nearly 9 million people) according to Statistics Canada, but many immigrants face financial exclusion upon arrival. The latest article from Fintech.ca sheds light on the challenges - and solutions - for immigrants to gain fair access to credit. Nova Credit is proud to offer solutions that help immigrants establish credit and access housing. Our partnership with SingleKey is highlighted by Fintech.ca as one that simplifies the rental process for newcomers, validating their reliability without a guarantor. 🏡 Read the full article below here: https://lnkd.in/etT3KqXj

We are perhaps weeks away from the CFPB’s reveal of its long-awaited 1033 Rule, codifying open banking regulation in the United States. Following months of comments, reactions, and other rulings, the industry is eager to understand where the regulation will land and the path forward for the CFPB. 💡 Which proposals are likely to be adopted? 💡 How will 1033 be enforced? 💡 How do recent rulings enhance open banking regulation? 💡 What is next in the regulatory agenda? We look forward to discussing these and many more with John McNamara, Assistant Director, Consumer Financial Protection Bureau, in discussion with Tom Brown, Partner, Nyca Partners, on Sept. 12 at the Cash Flow Underwriting Summit. Review the full agenda: https://lnkd.in/emsbe-CM

📈 Are lenders back to recession-proofing? 📉 In today's dynamic regulatory and economic landscape, integrating cash flow data into lending practices is more critical than ever. At the inaugural Cash Flow Underwriting Summit in NYC on Sept 12, Gene Ludwig, Former Comptroller of the OCC will be interviewed by Penny Crosman, Executive Editor, Technology at American Banker to discuss the significance of understanding cash flow for effective risk management and sustainable lending practices -especially in today’s uncertain economy. Review the agenda for the industry’s first Cash Flow Underwriting Summit and apply to attend: https://lnkd.in/eeKFz89n

Thank you Tearsheet for awarding the Nova Credit Platform as The Best New Alternative Data Product on the 2024 Data Awards. We appreciate the recognition of the Nova Credit Platform as a pioneering solution for providing flexible infrastructure and analytics that allow lenders to compliantly harness alternative data. Congrats to the other winners of the Tearsheet data award winners Zest AI, Carpe Data, Pagaya, Bloom Credit, Method, and American Express. Read more: https://lnkd.in/gwCB_cdA

Nova Credit is honored to welcome Nichole Mustard as our newest member to the Board of Directors! Nichole is the Co-founder and Former Chief Revenue Officer of Credit Karma. The industry is undergoing a paradigm shift in credit underwriting, with new data, regulations, and technology fostering unprecedented opportunity. Capitalizing on these opportunities at Nova Credit demands a fresh perspective with demonstrated expertise in consumer credit. Nichole’s experience as a strategic growth expert will help the Nova Credit team navigate new strategies to advance the use of cash flow and income data across the underwriting journey. Please join us in welcoming Nichole to the Board as we accelerate our mission of creating a more fair and inclusive financial system for the world. Read the full press release here: https://lnkd.in/eCrugCYW

Big news! The agenda for the Cash Flow Underwriting Summit is now LIVE!  Join industry leaders from the Consumer Financial Protection Bureau, Capital One, Credit Karma, Akoya, Mastercard, and more to explore the powerful impact of integrating consumer cash flow analytics into the customer journey.  The agenda and speaker line-up is growing weekly, so stay tuned for session details over the next month. Key topics we will explore include: ▶ Macro environment shifts that are accelerating the adoption of cash flow underwriting ▶ Regulatory developments lenders can expect from the CFPB ▶ Performance lift lenders are seeing with cash flow underwriting across multiple use cases ▶ Ensuring compliance in deploying new credit data and analytics ▶ State of open banking capabilities that facilitate the flow of alternative data ▶ What comes next in consumer lending applications and products Spots are limited; Apply to attend to join us in September! Link: https://lnkd.in/emsbe-CM

🎙 🎙 With consumer debt continuing to climb to heights not seen in decades, gaining a real-time understanding of a borrower's financial health is more urgent than ever. Nova Credit’s CEO Misha Esipov joined Peter Renton on this week’s Fintech One on One to discuss the performance lift and portfolio visibility lenders see with the help of cash flow analytics and income verification. Thank you for being part of Nova Credit’s journey, Peter. We look forward to seeing you at the Cash Flow Underwriting Summit on Sept 12. Listen here:  https://lnkd.in/eEfBbUWj