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Nova Credit and SoFi Expand Multi-Year Relationship with Cash Flow Underwriting Capabilities

Oct 15, 2024•over 1 year ago

Contract Type

partnership

San FranciscoFinanceFintech

Description

Nova Credit has announced an expansion of its multi-year relationship with SoFi, enabling SoFi to access consumer-permissioned bank data and cash flow analytics through Nova Credit’s Cash Atlas™ solution. This partnership aims to better serve SoFi's members by providing a more real-time and granular view of consumer financial health, allowing for a more complete risk profile across the credit spectrum.

Company Information

Company

Nova Credit

Location

San Francisco, California, United States

About

Nova Credit is a credit infrastructure and analytics company that enables businesses to grow responsibly through alternative credit data. As a Consumer Reporting Agency (CRA), Nova Credit leverages its unique data infrastructure, compliance framework, and credit expertise to help lenders fill critical gaps in traditional credit analytics. The company transforms the fragmented universe of consumer financial data into compliant, actionable risk insights through a comprehensive platform designed to increase conversion through expanded coverage, speed, and reliability. Leading organizations, including HSBC, RBC, SoFi, Scotiabank, Appfolio, and Yardi, work with Nova Credit to make smarter credit decisions through cash flow underwriting with Cash Atlas™, quickly verify income with Income Navigator, and reach new-to-country consumers with Credit Passport®.

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