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
Nova Credit
Financial Services
San Francisco, California 14,918 followers
To power a more fair and inclusive financial system for the world
About us
Nova Credit is a credit infrastructure and analytics company that enables businesses to grow responsibly by harnessing alternative credit data. The company is a CRA that leverages its unique set of data sources, bank-grade infrastructure and compliance framework, and proprietary credit expertise to help lenders fill the gaps that exist in traditional credit analytics. Nova Credit serves as the bridge between data and credit excellence, providing a comprehensive suite of solutions designed to give lenders across various industries a competitive edge in the open finance era. Its cross-border credit product, Credit Passport®, cash flow underwriting product, Cash Atlas™, and income verification product, Income Navigator, are used by leading organizations like American Express, Verizon, HSBC, SoFi, Scotiabank, and Yardi. We're hiring! https://jobs.lever.co/neednova
- Website
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http://www.novacredit.com
External link for Nova Credit
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2016
Locations
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Primary
44 Montgomery St
3rd floor
San Francisco, California 94104, US
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12 W 21st St
5th Floor
New York, NY 10010, US
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The Lighthouse, 1 Kings Cross Bridge
London, N1 9NW, GB
Employees at Nova Credit
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Paul Williamson
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Suna Hafizogullari
Head of Data Science for Credit Passport at Nova Credit, a credit infrastructure and analytics company | ex-FICO
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Naga Parvatharajan
CEO Ratehub. PE Backed FinTech owned by Novacap. Ex GM SoFi Student Loans, Personal Loans, Credit Cards, Lending as a Service. SoFi Exec team…
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Esteban Reyes
Founder | Investor
Updates
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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
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🎙 🎙 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
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🏆 🏆 🏆 Nova Credit is thrilled to be recognized as one of the world's top #fintech companies in 2024 for having a positive and innovative impact on financial services! We are included as a leading global fintech providing banking solutions. This award is a testament to the foundational impact that open banking and alternative credit data have in improving the lives and financial opportunities of millions of people. 📈 📈 We congratulate all of the companies awarded this year for reshaping the financial ecosystem. Check out the full list of companies below ⤵ ⤵ ⤵
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Cash flow underwriting is quickly becoming a go-to strategy for growth, packed with ways to boost performance across the customer lifecycle. Currently, more than 43% of lenders are integrating alternative data into their underwriting processes. Ready to take advantage of this industry wave? Access the on demand virtual event to discover best practices of cash flow underwriting adoption. Gain insights from industry leaders Chris Hansen, Sarah Davies, Ph.D., and Joy Wilder Lybeer who bring years of experience partnering with top financial institutions. Learn at the link below ⤵
Assessment of Cash Flow Underwriting Maturity Curve - On Demand Webinar
events.novacredit.com
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🇨🇦 🇨🇦 🇨🇦 Canada's immigration rates are soaring, with plans to welcome nearly 1.5 million permanent residents over the next three years. This marks the highest growth rate in decades. Traditionally, newcomer applicants lack the traditional paperwork to secure access to credit products. Our partnership with RBC creates a smoother financial start for newcomers. With the expected immigration growth, the time is now for Canadian financial institutions to unlock the power to underwrite the credit invisible without increasing risk. We are excited to partner with RBC to drive toward a more fair, inclusive financial future. Learn more about the RBC partnership below ⤵ And, if you are attending Collision Conf this week, don’t miss Misha Esipov's session at Collision 2024 to explore Canada's new-to-country momentum.
Nova Credit announces partnership with Royal Bank of Canada to help create a smoother financial start for newcomers | Nova Credit
novacredit.com
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Attending Apartmentalize this week? Catch up with the Nova Credit team on how we are helping property managers fight fraud and conduct better, faster, smoother tenant screening. Our partners have seen conversion rates improve up to 80% over previous solutions by leveraging our waterfall with bank, payroll and pay stub data. DM us to book a meeting and learn more about our income verification solution here. https://lnkd.in/evdGcPWK
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The wealth gap is disproportionately impacting minority populations and unfortunately widening in recent years. Exploring this disparity is at the center of Penny Crosman recent feature, “The racial wealth gap is getting wider. Can technology fix it,” a must read for all those committed to building a more inclusive financial system. 1 in 5 Americans lack a credit score, and traditional credit data lacks the breadth to serve underrepresented segments. As our CEO Misha Esipov added, "There's not enough data in the traditional credit bureau system to give lenders confidence about how to lend to segments that are not well represented in the credit bureau file… Our belief is that when you have more data and more visibility, you can responsibly serve these segments that the traditional credit bureau model just doesn't quite capture." Nova Credit’s platform includes cash flow and income data sources to paint a full picture of creditworthiness. Read the full article below ⤵ #FinancialInclusion #CreditInnovation #NovaCredit
The racial wealth gap is getting wider. Can technology fix it?
americanbanker.com
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With the U.S. bankcard balance up 13% and credit card delinquencies up 59% year over year, it’s no wonder that lenders are evaluating solutions to help them to underwrite with confidence. “Current credit models expose banks to risks and limit access for millions of underserved borrowers.” In his latest piece for American Banker, Gene Ludwig, former Comptroller of the Currency, explores how alternative credit data and cash flow underwriting can improve decision accuracy, transform credit evaluations, and benefit both borrowers and lenders in a time of increasing credit uncertainty. Read Gene’s thoughts below and let us know what you think ⤵
Alternative credit metrics are poised to revolutionize underwriting
americanbanker.com
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Gone are the days of manual, time-consuming income verification processes that are vulnerable to fraud... Join our virtual event featuring Patrick Hennessey at Yardi to discover how VOI automation is revolutionizing how property management companies and lenders approach income verification. With cutting-edge VOI automation, you can streamline income verification, scale operations, and mitigate risk effectively. We invite you to join the discussion on May 22 at 11 am ET. Link ⬇
Virtual Event: Leveraging FinTech platforms for Stronger Tenant Screening Solutions
novacredit.zoom.us