SoFi expands Nova Credit relationship to bolster loan underwriting Oct. 15, 2024 9:50 AM ET By: Liz Kiesche , SA News Editor [Seeking Alpha]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Seeking Alpha
in early Tuesday trading after the digital bank expanded its multiyear relationship with Nova Credit, boosting SoFi's ability to assess credit risk. Through the alliance, SoFi will gain access to consumer-permissioned bank data and cash flow analytics through Nova Credit's Cash Atlas solution. Cash flow data provides a more real-time and detailed view of a consumer's financial health, allowing lenders to generate a more complete risk profile for consumers across the credit spectrum, the companies said. SoFi, which has used Nova Credit's services since 2020, plans to use Cash Atlas in its loan underwriting to assess credit risk, improve credit eligibility, and enhance members' experiences, it said. More on SoFi Technologies SoFi's Bullish Momentum Accelerates SoFi Technologies Is Still A Great GARP Pick Today SoFi Technologies: Falling Interest Rates Could Drive Loan Originations For Years SoFi stock climbs after forging $2B loan platform agreement with Fortress So
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News
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- SoFi Partners with Venus Williams and Cameron Brink to Launch the ‘Give Her Credit’ Campaign in Honor of the 50th Anniversary of the Equal Credit Opportunity ActBusiness Wire
SOFI
Earnings
- 7/30/24 - In-Line
SOFI
Sec Filings
- 9/27/24 - Form 3
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- SOFI's page on the SEC website