Nova Credit Cash Flow Solutions to be Utilized by Chase

Nova Credit, a leading credit infrastructure and analytics company, announced that Chase has selected Cash Atlas™ to power its cash flow underwriting capabilities. Chase will also use Nova Credit’s Credit Passport® to access and decision with international credit data. These solutions will enable Chase to serve more customers across the U.S. who have limited credit history or are underserved by traditional credit models.

“Nova Credit is excited to expand our relationship with Chase to include Credit Passport and now Cash Atlas,” said Collin Galster, COO of Nova Credit. “Cash Atlas is unique compared to traditional credit data solutions as it generates a complete risk profile for no file, thin file, and even thick file consumers. We believe this is the future of consumer underwriting, helping to responsibly serve more people through the power of cash flow analytics.”

“Chase is committed to being the bank for all and tools like Cash Atlas and Credit Passport will help with this mission by giving us a more comprehensive view into each individual and their credit needs,” said Chris Reagan, President of Chase Branded Cards. “With this new data source, we can better assess credit risk, make more informed lending decisions, and approve customers with right-sized lines of credit.”

Cash Atlas provides FCRA-compliant cash flow analytics that capture consumers’ actual financial health through trended data on income, expenses, and assets. This creates a more comprehensive view of the consumer.

For more information, please visit www.novacredit.com and apply to attend the Cash Flow Underwriting Summit on September 10^th.