Reliable off-chain credit scoring on the blockchain provides better service and attracts participants to DeFi.
By the end of 2022, crypto lenders will check customer credit reports through a partnership between Spring Labs and TransUnion.
The way we have stored and used credit information has not fundamentally changed in decades. The big three credit bureaus...
American Banker takes a look at the new blockchain-based system for identity verification from Spring Labs; while 16 online lenders...
Last week fintech startup Spring Labs announced they are developing the Spring Protocol, a blockchain-based anti-fraud and ID verification system,...
The Quadrata team launched their first major product, a low code Web3 passport for DeFi KYC after they formed less than eight months ago in Aug. 2021.
Adam Jiwan is the founder and CEO of Spring Labs, a company working on a completely new system for credit...
Spring Labs has raised a $23 million Series A round led by GreatPoint Ventures; existing investors RRE Ventures, Galaxy Digital,...
A new blockchain-based anti-fraud and identity verification system is being built by Spring Labs in cooperation with major online lenders;...
The new venture called Spring Labs will use blockchain technology in building a network which will allow lenders, banks and data providers to pay each other for access to consumer information; CEO Adam Jiwan gave insight into the problem they are trying to solve stating, “Utility companies or social-media companies or asset managers do not provide data into the existing credit-bureau system. In the existing ecosystem, financial institutions or lenders give up that information to a centralized party — a credit bureau — only for the financial institutions to buy it back in a synthesized form.”; the firm aims to have Avant, the online lender, be its first strategic partner. Source