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Thanks for visiting Nova Credit at Money20/20

Learn more about Nova Credit and how you can join us in helping newcomers to use their international credit history to apply for credit products in the United States. If you've recently moved yourself, click here to find out how to use the credit you built in your prior home country to apply for credit in the U.S.

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About Nova Credit

Nova Credit is the premier cross-border credit reporting agency. Lack of a domestic credit history keeps millions of immigrants in North America from realizing their dreams. The award-winning fintech helps newcomers and other global citizens apply for financial services using their international credit history from countries including Australia, Brazil, Canada, India, Mexico, South Korea, and the UK.

Nova Credit translates international credit data into a U.S.-equivalent score and a report in a format familiar to American underwriters, who can use it to evaluate their applications for credit products. Founded by immigrants, the firm has a diverse team from around the globe who are creating a world beyond borders to help newcomers arrive and thrive. 

A GLOBAL CREDIT DATA PLATFORM

Who do we partner with?

We partner with credit card issuers, auto lenders, student loan providers, tenant screening platforms and more to enable them to access international credit reports and make better lending decisions to a previously underserved population—newcomers to the U.S.
 
The Nova Credit Credit Passport® is a translated credit report featuring a U.S.-equivalent score in a format that is familiar to credit risk, operations and compliance teams at financial institutions across the country. 

AN OPPORTUNITY FOR GROWTH

Why serve newcomers?

Immigrants are the single most attractive growth segment for U.S. lenders. Between 2015 and 2065, the population of newcomer consumers is projected to account for 88% of U.S. population growth—nearly 103 million people.

Moreover, the average newcomer applies for 5 financial products in his or her first 2 years in the U.S.

Integration OPtions

Two ways to integrate

Applicants provide their information directly through our customizable widget, NovaConnect, to retrieve their international credit report. Applicants access NovaConnect directly from your application page, or you can invite them individually from your Nova Dashboard account.

OPtion 1

Integrate Nova Connect into your system

Nova Credit’s API offers a seamless integration into any decisioning system. The raw data can be instantly ingested and decisioned upon in real-time. 

Our simple, composable API that is battle-tested for scale across lending, tenant screening and more.

OPtion 2

Dashboard for no-integration solution

The Nova Credit dashboard is a self-serve platform to receive, process, and manage the reports of international applicants. Simply log in and immediately invite applicants to complete the NovaConnect flow.

Note that there is no technical integration required; this is a light-touch model for Nova Credit to deliver business value within minutes.

Secure

Security and data privacy

Data privacy, information security, and compliance are at the heart of everything we do at Nova Credit – from our hiring decisions to our systems infrastructure and architecture to our internal governance policies.

Nova conducts an annual independent audit against the SOC 2 Type 2 and ISO 27001 standards. Both certifications are in good standing.

Compliance

Nova Credit and compliance

A collection of frequently asked regulatory and compliance questions by our customers and partners.

What is Nova Credit's legal structure?

Nova accesses credit data from international markets based on the express consent of the consumer. Through our integrations with international credit bureaus across the globe, we are able to act as a technology service provider to obtain and deliver the information at their request. In the U.S., Nova is considered a reseller consumer reporting agency under the Fair Credit Reporting Act (FCRA), subject to various federal and state laws, including the FCRA and state data protection laws.

How does Nova Credit handle consumer disputes?

The Fair Credit Reporting Act (FCRA) and international privacy laws provide consumers with an opportunity to dispute information in their credit histories that may be inaccurate, incomplete or otherwise incorrect. We care about resolving these issues as efficiently as possible. For more information about our dispute resolution process, please see our Disputes Page.

How does Nova Credit address the security of consumer information?

Data privacy, information security, and compliance are at the heart of everything we do at Nova Credit.  Nova employs organizational, technical and physical measures to protect security, confidentiality and integrity of customer information.  These safeguards include:

AWS-managed disk-level encryption of our report database using AES-256 algorithms and TLS 1.2 standard encryption for data in transit
Internal and external vulnerability scans

  • Annual independent audit against the SOC 2 Type 2 and ISO 27001 standards. Both certifications are in good standing
  • Regular company-wide training
  • Robust monitoring and testing for security vulnerabilities
  • Role-based access controls
  • AWS-managed disk-level encryption of our report database using AES-256 algorithms and TLS 1.2 standard encryption for data in transit
  • Internal and external vulnerability scans

Contact us

Contact Nova Credit today and unlock newcomer consumers by retrieving international credit data from the leading credit bureaus around the world.

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WELCOME TO THE UNITED STATES

Just moved to the U.S. yourself?

You can apply for a Nova Credit-enabled products that can help you arrive and thrive here.