ClearScore | November 10, 2022
ClearScore, one of the United Kingdom's leading credit marketplaces, today announces its launch in Canada, offering greater transparency in credit scores and reports to the market through its innovative, free-to-use app. With over 17 million users worldwide, ClearScore is already a market leader in the UK and South Africa, as well as gaining significant traction in Australia. Canada is ClearScore's fourth market, going live in September and already attracting over 30k users.
ClearScore gives people free access to their credit report to help them understand and improve their financial situation, as well as monitor for fraudulent activity through 'ClearScore Protect', a free ID monitoring report that allows people to check that their passwords are not compromised on the dark web. Over and above understanding their data, ClearScore helps people access, and save money on, credit cards, loans and mortgages by presenting them with a personalized recommendation on the best rates and rewards. Users can sign up and monitor their credit score directly on the website, clearscore.com/ca, and can also download the app on their phone for an easier way to track both their score and relevant offers.
"We're a business that is dedicated to helping our users improve their financial wellbeing, and we do that through transparency in credit reports and data-driven, personalized offers on credit cards, loans and mortgages to save people money. As a user-first organization, the financial products that people see on our site are not influenced by commission from our partners; the offers are presented in a clear, straightforward manner with the user's best interest in mind.
-Tassie Milne, General Manager of ClearScore Canada
We achieved phenomenal success in the UK and other markets, and now is a great time for us to help Canadians, with the cost of living posing a big issue for many Canadians, coast to coast.
ClearScore Canada is based in downtown Toronto with global headquarters in London, UK. The company has partnered to offer exclusive offers with many leading Canadian financial services providers. ClearScore also partners with TransUnion to provide credit scores and report data, adding its unique analysis of the factors which could boost or damage an individual's credit score. ClearScore educates users on how to understand and improve their credit score, which in turn can benefit people by allowing them to access more credit offers and improve their chances of approval.
Justin Basini, CEO and Co-founder of The ClearScore Group, said More and more people around the world are turning to ClearScore to help manage their finances. As the cost-of-living crisis deepens, ClearScore has a critical role to play in assisting people to make smarter financial decisions. We are very excited to come to Canada at this time and bring our data-driven marketplace to a very dynamic and fast-moving credit market. Having already established extensive partnerships with major banks and credit card providers, we anticipate a growth rate very similar to what we have seen in the UK, South Africa and Australia.
Toronto Mayor John Tory, said I am very pleased that ClearScore has chosen to locate its new office in our city, which will allow them to take advantage of our unmatched talent pipeline. A strong technology sector, resilient financial system and quality pool of talent puts the Toronto Region on the global fintech map and I'm thrilled to welcome ClearScore to be a part of this dynamic ecosystem.
One of the first companies to partner with ClearScore in Canada is Capital One Canada.
Kevin Chan, Acquisitions Marketing Lead for Capital One Canada, said: Capital One Canada believes that with the right resources, tools and support, financial wellbeing is possible for everyone, regardless of where they are on their journey. Working with partners that have similar values, such as ClearScore, allows us to further extend that support and level the playing field when it comes to credit.
ClearScore launched in July 2015 to help everyone, no matter their circumstances, achieve greater financial wellbeing. This started with greater transparency in credit reports and scores and has since expanded to include increased visibility of affordability, using current account spending patterns via Open Banking. As a leading financial marketplace, ClearScore helps people access, and save money on, credit cards, loans and car finance. ClearScore has grown rapidly to serve 17 million users across the UK, South Africa, Australia and Canada. The Group now partners with over 150 financial institutions around the world to ensure that the right product, gets to the right user at the right time.
INVESTMENT MANAGEMENT, FINTECH
CSI | January 06, 2023
Computer Services, Inc. (CSI) said it is collaborating with Microsoft to rebuild its products on Microsoft Azure in the public cloud.
Working with Azure lets CSI easily integrate and carry out its long-term strategic goal for cloud solutions that provide scalable technology to both financial institutions and multinational businesses to meet changing client expectations, increase revenue, and shorten the time it takes to get to market. Customers like Marion County Bank in Iowa have already taken advantage of the solutions made possible by the partnership.
CSI's public cloud services are more reliable than the traditional data center model because they offer digital solutions that reduce the need for on-premise mainframes. With the help of the company's solutions, financial institutions and other businesses can make their products faster and better meet changing customer needs. CSI's cloud solutions also make sure that companies are more agile, flexible, and scalable while reducing cybersecurity risks.
According to CSI, the change toward digital adoption and experiences has caused financial institutions to respond by developing innovative solutions across digital banking, payments, and other crucial sectors to fulfill the increased need for access and flexibility. By working with Microsoft Azure to set up cloud-based solutions and applications across the company's product suite, the company is able to offer its customers cutting-edge technologies that help them respond more quickly to the specific needs of their customers.
CSI's public cloud solutions include best-in-class artificial intelligence technology for aggregating and analyzing customer data, enhanced customer-facing experiences, and improved security and compliance services as part of the technological enhancements that have been integrated into the solutions.
Meanwhile, the company’s cloud initiative involved considerable customer consultation to guarantee a smooth transition for its hundreds of existing clients nationwide. CSI's clients have started to switch to CSI Cloud Services, a modernized IT infrastructure that makes digital services safer and easier to use, and WatchDOG® Premiere, the company's cloud solution for screening for sanctions.
Using Azure to improve CSI's IT infrastructure makes things easier for current and future clients and makes data more secure. As more industries move to cloud-based services, companies that use CSI's public cloud solutions will get a more responsive platform with better value and more reliable systems.
CSI is a major finance, regtech, and cybersecurity partner. Its customer-first culture is shown by its cutting-edge technology, its many years of experience, and its commitment to real partnerships. The company is the specialist behind today's best fintech, regtech, and cybersecurity solutions, including digital transformation and regulatory compliance in banking.
FINANCIAL MANAGEMENT, FINTECH
Quant and UST | November 23, 2022
Quant, the blockchain for finance pioneer, has partnered with UST, a leading digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capital markets participants.
These services will help financial institutions adopt digital assets, as they increasingly realise the benefits of distributed ledger technologies by issuing digital money and tokenising existing asset classes for greater settlement speed and access to new markets and clients
Quant will provide the foundational technology, and UST will provide support through user interface design and integration via its Sandbox based in their London Innovation Lab. The partnership facilitates the issuance of central bank digital currencies, digital money in the form of commercial stablecoins, and digital securities onto major distributed ledger networks. By working with the two firms, financial institutions can shorten the lifecycle of their blockchain projects to just a few weeks.
Quant utilises low-code APIs to issue highly secure and externally validated digital assets and tokenised currencies. Its Overledger gateway enables business flows used by banks for accounts, payments and settlement, and can plug into exchanges and venues for asset management.
The global tokenisation market was valued at $2 billion in 2021; compounding growth of 24 percent is expected over the next eight years, according to Grand View Research. Additionally, CBDC pilots are now taking place worldwide, which will unlock new capabilities for governments, businesses, and consumers. Today, more than 50 countries are in an advanced phase of exploration for CBDCs, and 19 of the G20 countries are considering a digital currency.
Gilbert Verdian, Founder and CEO of Quant, said UST has been at the forefront of blockchain services for almost a decade and their customer focus is aligned with our approach. The partnership will ensure that financial institutions can create new business opportunities and innovate with new DLT-embedded products and services to tokenise existing asset classes.
"We have partnered with Quant because of the flexibility and agility inherent in its technology. Built with financial institutions in mind, Quant's Overledger API gateway is the perfect foundation to bring the benefits of blockchain to a multitude of businesses in this sector."
-Daniel Field, Global Head of Blockchain, UST
Quant is the future of finance. Today. We unlock the power of blockchain for everyone, by delivering interoperable ecosystems and real-world solutions that simply work so our customers create new business opportunities and build competitive advantage in record time. We work with financial institutions, governments, multinational companies, and the partners and fintech developers who support them, to deliver enterprise-grade technology built with security and compliance front of mind. Founded in 2018, Quant is UK-based with a presence in the European Union and the Americas. We spearheaded the Blockchain ISO Standard TC307 adopted by 57 countries and organisations worldwide and solved interoperability with the creation of the world's first blockchain-agnostic API gateway, Overledger. Our leadership team has deep experience in government, financial services, technology, healthcare, and management consulting. Our partners include Amazon Web Services and Oracle, and we're a founding member of the Digital Pound Foundation.
For more than 22 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process.