This week’s roundup will feature titles on digital currency, investment in stocks and cash protection. Join us and Unlimit BaaS’ Managing Director, Jovi Overo in the exploration of some of the biggest headlines of our industry.
- ClearScore, a credit scoring and marketplace service, has launched a B2B unit to help UK lenders tap into open banking to make lending decisions. The unit, called D•One will accelerate consumers’ bank data accessibility and help lenders to identify potential borrowers with lower risk. [source: Finextra]
This is an exciting development in the world of credit scoring and marketplace services. The new technology will help lenders make more informed decisions and provide customers with more options, which are tailored to them specifically, when it comes to their credit score. It is a great step forward in the industry and will help to make the process of obtaining credit easier and more efficient. – Jovi
- The Eurogroup has stepped into debate about the digital euro, with the Bank of England governor showing scepticism for the need of a central bank digital currency. The group maintains that the digital euro would be a complement to cash, rather than a replacement to bring a safe, private and convenient currency for end-users. [source: Cointelegraph]
The Eurogroup’s involvement in the debate about the digital euro is an important step in understanding the potential implications of a central bank digital currency. The Bank of England governor’s scepticism is not unwarranted, as the introduction of a digital euro could have far-reaching implications for the global economy. However the benefits for consumer purchasing and simplified transactions are appealing for many. – Jovi
- Sensible Weather, a climate tech insurance company, has partnered with EP Golf Ventures bringing climate insurtech to the world of golfing to eradicate loss of incremental revenue for golfing facilities. The insurtech will remove issues around rain check and last-minute cancellations. [source: FinTech Global]
That’s great news! It’s encouraging to see Sensible Weather and EP Golf Ventures working together to bring climate insurtech to the golfing world. This partnership has the potential to make a real difference in protecting golfing facilities and customers who want to protect their payments and bookings from weather-related events. – Jovi
See you next week, back in the blog for your next weekly news roundup.
