Long delays in the ability to gain access to credit by new entrants to the UK are being addressed by a system launched in a partnership between HSBC UK and cross-border credit bureau Nova Credit.
Currently, the Nova system enables newcomers to share their credit history from a growing list of around 12 countries that currently accounts for more than 70% of the bank’s customers. HSBC has invested $10m to accelerate international roll-out of the system.
