Nova Credit

Nova Credit is a credit infrastructure and analytics company that helps businesses grow responsibly by tapping into alternative credit data. The company aggregates consumer credit data from a variety of sources, including credit bureaus around the world, bank data aggregators, payroll systems and automated document data.

Nova Credit has a range of products to help with credit risk assessment, income verification and portfolio risk reduction:

• Cash Atlas: Uses bank transaction data for credit risk assessment.
• Income Navigator: Automates income verification with higher completion rates and lower fraud.
• Credit Passport: Fast tracks qualified newcomers to mainstream credit with better product terms.
• Nova Credit Platform: Onboards and underwrites consumer credit data in one platform.

Some of the key benefits include:

• Access to 26 Data Sources: Combines traditional credit bureau, bank data aggregators, payroll systems and other data sources.
• Global Compliance: Operates as a Consumer Reporting Agency (CRA) under the Fair Credit Reporting Act (FCRA).
• Expert Analytics & Guidance: Offers trusted integration services, strategic guidance and ongoing support.

Nova Credit's solutions are intended to help businesses approve more applicants with confidence, reduce fraud and automate verification processes. That's particularly helpful for lenders trying to expand their customer base by reaching previously underserved populations, like newcomers to a country who may not have a local credit history.

For pricing and implementation details, contact Nova Credit directly. The company's platform is designed to offer a simple and efficient way to tap into alternative credit data, helping businesses grow responsibly while minimizing risk.

Published on July 4, 2024