MoneyLion, a leading digital finance ecosystem, has announced a strategic partnership with Nova Credit, a top credit infrastructure and analytics company, to introduce cash flow underwriting within MoneyLion’s hosted decisioning engine. This collaboration will enable credit issuers on MoneyLion’s platform to incorporate Nova Credit’s cash flow data analytics, offering a more comprehensive view of consumers’ financial health and increasing access to credit for underserved individuals.
MoneyLion’s ecosystem, known for its distributable embedded marketplaces, connects consumers with personalized financial product offerings through its extensive network of financial providers. By integrating Nova Credit’s **Cash Atlas™**, a cutting-edge cash flow analytics platform, into its decision engine, MoneyLion provides lenders with a clearer picture of credit risk. This enables the use of consumer-permissioned bank transaction data for more informed underwriting decisions, expanding credit access while improving risk management.
One of the first credit issuers to benefit from this integration is **Concora Credit**, which serves consumers with less-than-perfect credit. Through Nova Credit’s data, Concora Credit will enhance its credit policies to reach a broader range of consumers, further expanding financial inclusion.
“Since our inception, MoneyLion has focused on increasing access to financial products,” said Tim Hong, Chief Product Officer at MoneyLion. “Cash flow data is key to understanding consumers holistically, and our partnership with Nova Credit equips financial institutions with the tools to make more informed decisions and serve a wider range of customers.”
Misha Esipov, CEO and Co-Founder of Nova Credit, added, “We are thrilled to partner with MoneyLion and Concora Credit. This collaboration will unlock new lending opportunities, helping financial institutions lend to more borrowers while maintaining strong risk management.”
This partnership marks a major step in accelerating the adoption of consumer-permissioned cash flow data analytics and expanding credit opportunities for more consumers.
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