Nova Credit

What is Nova Credit?

Nova Credit is a consumer credit data and underwriting platform for lenders, fintechs, banks and property managers. It operates as a consumer reporting agency under the Fair Credit Reporting Act in the United States.

Key features of Nova Credit

• Cash Atlas: uses bank transaction data to improve credit risk assessment.
• Income Navigator: automates income verification with broader coverage and less fraud.
• Credit Passport: helps approve qualified newcomers using international credit history.
• Eligibility Compass: shortens income and asset verification for property managers.
• Nova Credit Platform: combines consumer credit data onboarding and underwriting.

How Nova Credit works

Applicants give permission to share data, and Nova Credit pulls from 26 sources, including credit bureaus, international bureaus, bank data aggregators and payroll systems. Lenders use the results to decide, and send their own adverse action notices.

Who uses Nova Credit?

Banks, lenders, fintechs and property managers use it. The site names customers including HSBC, SoFi, Yardi, MoneyLion, Scotiabank, Entrata and Sallie Mae and cites more than 7,000 customers.

Nova Credit pricing

Nova Credit does not publish pricing; the vendor quotes by use case.

Nova Credit integrations

Nova Credit offers its products through one platform. Its homepage describes partnerships but does not list technical integrations.

Nova Credit alternatives

Plaid and bank data aggregators provide raw account data rather than finished credit decisioning. Airwallex and Nium are global payments companies with little overlap. Clearco offers financing rather than credit data.