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
A new blockchain-based anti-fraud and identity verification system is being built by Spring Labs in cooperation with major online lenders;...
Spring Labs has raised a $23 million Series A round led by GreatPoint Ventures; existing investors RRE Ventures, Galaxy Digital,...
Adam Jiwan is the founder and CEO of Spring Labs, a company working on a completely new system for credit...
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.
Last week fintech startup Spring Labs announced they are developing the Spring Protocol, a blockchain-based anti-fraud and ID verification system,...
American Banker takes a look at the new blockchain-based system for identity verification from Spring Labs; while 16 online lenders...
The way we have stored and used credit information has not fundamentally changed in decades. The big three credit bureaus...
By the end of 2022, crypto lenders will check customer credit reports through a partnership between Spring Labs and TransUnion.
Reliable off-chain credit scoring on the blockchain provides better service and attracts participants to DeFi.