Aire launches Pulse to help lenders spot sudden financial change created by COVID-19
Jun30

Aire launches Pulse to help lenders spot sudden financial change created by COVID-19

Aire, the UK’s fourth FCA-regulated credit reference agency (CRA), has launched a powerful new insight product to help lenders make sense of the post COVID-19 borrowing landscape. Pulse from Aire helps protect credit providers and consumers from bad debt, and supports fair and FCA-compliant account handling, by enabling lenders to collect up-to-date information from customers about their changing financial circumstances. Pulse allows...

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Aire opens up insight service to help lenders keep pace with financial uncertainty
Mar26

Aire opens up insight service to help lenders keep pace with financial uncertainty

Aire, the credit insight service, today announced that it is offering free access to its range of real-time credit information services for a period of three months, to help lenders identify and engage with struggling consumers during the unfolding Coronavirus crisis. With much of the country’s workforce impacted by the government’s latest measures to curb the virus, Aire estimates that the number of people in the UK missing one or...

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Toyota Financial Services launches Credit Assessment Evaluation with Aire
Feb08

Toyota Financial Services launches Credit Assessment Evaluation with Aire

Aire announces that it is launching an evaluation with TFS for its Artificial Intelligence (AI) platform. The collaboration is designed to prove the effectiveness of Aire’s technology to assess the financial situation of TFS customers within ‘customer delinquency’. For Aire, this is the first time that its solution will be used to support the lifecycle management of customers’ accounts. Commenting on the new partnership with Aire,...

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Aire Partners with Retailer N Brown
Dec06

Aire Partners with Retailer N Brown

Aire announces a first-of-its-kind partnership with online retailer N Brown, as research data reveals the ‘new norm’ of UK shoppers choosing to spread the cost for their retail purchases over time. The new agreement will see Aire provide its augmented credit assessment technology to support N Brown, which operates online stores such as JD Williams, in analysing the full picture of online customers and the true benefits and risks that...

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Losing Credit: Outdated Assessments Push UK Consumer Debt Off Track
Sep28

Losing Credit: Outdated Assessments Push UK Consumer Debt Off Track

Among growing concerns about high consumer debt levels in the UK, a new study finds that almost a third of credit card and personal loan debt – up to £35bn – is sitting with people who are deemed to have low financial maturity. Aire, which uses Artificial Intelligence (AI) technology to help lenders provide applicants with more accurate credit assessments, found that only 59% of UK adults show good signs of financial...

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Next-gen Credit Scorer Aire Raises $5m in Series A Funding from Deep-tech VCs
Jul21

Next-gen Credit Scorer Aire Raises $5m in Series A Funding from Deep-tech VCs

Aire today announces the closing of a $5m Series A funding round, led by Sunstone Capital alongside White Star who previously led Aire’s Seed round in 2016. In conjunction with closing the latest round of funding, Aire today also announces two new high-profile partnerships across different sub-sectors of consumer credit: Aire is embarking on projects with the pioneering financial services company Zopa as well as the world-leading car...

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Aire Gets Green-light from FCA
Oct03

Aire Gets Green-light from FCA

Aire gives people a new credit score to help them qualify for essential financial products, is now authorised and regulated in the UK by the Financial Conduct Authority (FCA). Aire is the first significant entrant in this sector which typically has been led by the ‘big three’ bureaus. The company also announced that it raised a further $2 million in funding earlier this year led by White Star Capital alongside Sunstone...

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