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Akuna Wallet Unlocks the Digital Economy for African Creatives Magic Labs Unveils Newton, the First Chain Unification Network, Connecting Leading Wallet Solutions to the AggLayer Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation Centralis Group Continues Its Planned Growth Strategy, Acquiring the Business of Admina Fund Services Ozean Partners With HELIX to Bring $100M of Private Credit On-Chain Ebury Expands Its Presence in International Football With C.D. Leganés Sponsorship Isle of Man Launches Sustainable Finance Roadmap to Establish Leading Position in Green Finance Higlobe Partners with Bitso Business to Provide Freelancers  And Small Businesses with New Crypto Payment and  Investment Options Through the Bitso Platform TD Integrates With TouchBistro to Provide Payment Solution to Canadian Restaurant Owners Caruso and Fidel API Renew Partnership to Enhance Consumer Experience With Innovative Card-Linked Offers Wealth Management Firms Expected to More Than Double AI Budgets: Wipro Survey Kemba Credit Union Launches Alkami’s Digital Banking Platform for Retail and Business Members Groov Secures £1.5m to Pioneer Next-gen Embedded Lending Solution to Solve the $1.2trn Funding Gap in the Global SME Sector Nine in Ten Businesses Think Sustainability Will Impact Their Future Operations, but Many Don’t Yet Have Targets to Aim For British Business Bank Appoints Chief Investment Officer and Managing Partner for New British Growth Partnership

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, Operations Director Fran Kenny at Toyota Financial Services said:

“At TFS we are dedicated to exploring better ways of working to benefit our customers’ ever changing needs. Working with Aire you can be sure that you are ahead of the curve in using the most up-to-date approach to understanding your customer’s situation. Aire has adapted its credit assessment technology so that it exactly fits our needs, and we will use this evaluation to build the best solution possible in close collaboration with the Aire team.”

Aire’s Head of Partnerships Matt Davies concluded:

“After our recent announcements on partnerships with a major online retailer and a P2P lender, we are adding yet another sector and use case to our growing number of partnerships. The recent months have proven that our platform is truly universal: we are on a mission to help lenders and borrowers find the right level of credit in every sector, at every stage of the credit cycle.”

The announcement comes at the same time as the publication of new research findings from an online survey of 2,000 UK adults, which was conducted for Aire by independent research agency Populus. The findings show the importance of a more sophisticated approach to credit assessments in the car leasing space, especially for groups such as freelancers who often find it harder to secure credit due to the nature of their work status. While the average payment for monthly car leases in the UK is £93 per month, freelancers pay almost 30% more with £120 on average.

Aneesh Varma, co-founder and CEO of Aire explains:

“The higher payments for freelancers are down to two factors: On the one hand, many freelancers are self-employed drivers, and their cars therefore need to be of higher value and quality. On the other hand, the average taxi driver with their own car will find it harder to get an appropriate deal for their car lease, simply because many credit scorers have not yet adapted to the way many of us work and live today.”

  1. Akuna Wallet Unlocks the Digital Economy for African Creatives Read more
  2. Magic Labs Unveils Newton, the First Chain Unification Network, Connecting Leading Wallet Solutions to the AggLayer Read more
  3. Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation Read more
  4. Centralis Group Continues Its Planned Growth Strategy, Acquiring the Business of Admina Fund Services Read more
  5. Ozean Partners With HELIX to Bring $100M of Private Credit On-Chain Read more
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