logo
episode-header-image
Oct 2024
24m 29s

Credit’s new frontier: Cross-border reco...

LendKey: Lending Made Simple
About this episode

In this episode, Misha Esipov, co-founder and CEO of Nova Credit, joins host Vince Passione to discuss the millions of “Credit Invisible” people in the country, and how innovations in credit reporting can help more lenders reach and serve them.


Key takeaways:

0:00 Introduction

1:29 Millions of people arrive in the U.S. each year, many of whom have been credit-worthy in their respective nations but the U.S. credit system doesn’t recognize their credit history.

2:19 There are around 100 million Americans whose credit data is inaccurate or incomplete and are missing out on loan opportunities as a consequence.

5:04 An overview of Nova Credit’s three core products: Cash Atlas, Income Navigator, and Credit Passport.

8:10 How, as a credit reporting agency (CRA) Nova Credit furnishes data to lenders and other credit bureaus.

9:00 The three core swimlanes of Nova Credit’s operations: data collection, analytics, and FCRA compliance.

9:48 The challenges preventing cash flow data from being recorded in traditional credit reporting bureaus' data–and the benefits for consumers and lenders when it is captured and used.

13:35 How government stimulus incentives issued through the pandemic may have skewed consumer credit information, and is leading to long-term underperformance on certain loans.

15:57 How Buy Now Pay Later transactions remain under-reported.

18:47 Augmenting underwriting with cash flow information is a journey. Any step towards it is progress.

21:09 Key takeaways from the inaugural Cash Flow Underwriting Summit, held in September 2024.


Resources Mentioned:


Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show and be sure to subscribe so you never miss another insightful conversation.


#CreditUnions #Lending #CreditReporting

Up next
Aug 11
Collaboration, CUSOs, and Crypto: Part I
Becky Reed, COO at BankSocial, joins 22 Minutes in Lending to talk about her long-standing involvement with CUSOs, why cooperation is credit unions’ superpower, and how blockchain, DAOs, and stablecoin are shaping the future of financial services. From her roots leading credit un ... Show More
21m 34s
Jul 28
Modern Lending at a Century-Old Credit Union
How do you modernize a 100-year-old credit union without losing sight of your mission? John Anderson, Chief Lending Officer at Atlanta Postal Credit Union, joins us to share how APCU is navigating dual branding, fintech partnerships, liquidity pressures, and AI adoption—all while ... Show More
24m 56s
Jul 14
Central One’s "Wicked Local" Take on Lending
From rebranding to AI-assisted underwriting and member experience, Central One is redefining what it means to be a “wicked local” credit union. In this episode, Devon Lyon, President and CEO, shares how the Massachusetts-based credit union approaches lending and how they’re embra ... Show More
23m 23s
Recommended Episodes
Jul 9
Bonus Episode: How Fintech Can Power SMB Growth Through Open Banking
In this special bonus episode brought to you in partnership with Mastercard, Suneera Madhani explores one of the biggest opportunities in fintech today: open banking. If you're a fintech founder building tools for small businesses, this episode is packed with insights to help you ... Show More
9m 12s
Jul 29
Mastering Relationship Capital: John Hope Bryant on How to Build Powerful Institutional Connections
In this clip of Market Mondays, host Ian Dunlap sits down with financial literacy powerhouse John Hope Bryant to break down the crucial steps needed to build strong institutional relationships—especially if you’re starting from scratch.John Hope Bryant wastes no time laying out t ... Show More
7m 19s
Apr 2025
The Financial Decisions That Define Your Future with Jeremie L'Heureux
In Episode 232 of The Business Development Podcast, Kelly Kennedy sits down with Jeremie L'Heureux, founder and CEO of L'Heureux Auto Group, to explore how everyday financial decisions shape our future. From vehicle financing to managing debt, Jeremie shares real-world insights o ... Show More
1h 5m
Oct 2024
Reality Of Banks, Credit Cards, Loans, Finance & Business In India - Wegofin | FO 272 Raj Shamani
Disclaimer: This video is intended solely for educational purposes and opinions shared by the guest are his personal views. We do not seek to defame or harm any person/ brand/ product/ country/ profession mentioned in the video. Our goal is to provide information to help audience ... Show More
1h 6m
Sep 2024
153: Colm Kelleher, Chairman of UBS & Former President of Morgan Stanley, Discusses Culture, Leadership, Surviving the Great Financial Crisis and UBS Today
In an interview we had especially looked forward to, and with the Credit Suisse acquisition behind us, the MMP went to Zurich to talk to Colm Kelleher. Described as one of the most influential and capable banking executives of the last several decades, he has been dubbed by the F ... Show More
43m 27s
May 5
Finance For Founders - Why 'Playing It Safe' Is Risky w/ Michiel Boere, CFO at Remote (Edu)
Think staying profitable means you’re on the right track? Think again.Too many founders obsess over budgets and burn—but the real risk isn’t running out of cash. It’s growing too slowly to matter.In this episode, Yaniv Bernstein is joined by Michiel Boere, CFO of Remote and forme ... Show More
52m 14s
Apr 2025
155. The Fed Isn’t Coming to Save Us Plus Endowment Talk and Big Tech Breakups
Send us a textThis week, we break down the tension between Jerome Powell and Donald Trump—and what it actually means for monetary policy. If you listened to Powell’s latest remarks at the Economic Club of Chicago, you may not have thought much of it, but anyone knows how to decod ... Show More
46m 46s
Oct 2024
Redefining Buy Now, Pay Later: A Customer-First Approach with Affirm’s COO & CFO Michael Linford
Michael Linford, the COO and CFO of Affirm joins CJ to delve into the Buy Now, Pay Later (BNPL) business model and its rise to mainstream popularity. They discuss the importance of transparent, consumer-friendly financial products and how Affirm differentiates itself by avoiding ... Show More
1h 1m
Dec 2024
919. News: UK lenders brace for massive payouts and is the FCA 'incompetent'?
Join host Benjamin Ensor alongside some very special guests as we look at the biggest financial services and fintech stories of the past week.Topics covered include: A damning report by MPs and Lords has accused the Financial Conduct Authority (FCA) of being unfit for purpose. Me ... Show More
56m 17s