Kikoff acquires credit reporting technology

Kikoff has acquired The Service Bureau (TSB), a major player in credit reporting technology. For retailers and operators, this signals a shift toward more accessible data reporting for small and mid-sized lenders. TSB currently helps over 1,000 businesses report payment data to the big bureaus. By integrating this technology, Kikoff is positioning itself to make credit building more seamless for consumers. This move matters because it impacts how your customers' payment histories are tracked. When credit reporting is automated and integrated, more consumers can build their scores through alternative financing and smaller credit lines. For your business, this means a larger pool of credit-visible customers in the future. Better reporting tools usually lead to more refined lending decisions. If you offer in-house financing or work with smaller fintech lenders, these back-end technology shifts often result in faster approvals and better data accuracy. As Kikoff expands its footprint, expect to see more platforms offering credit-building features directly at the point of sale.

Source: Finextra — Lending

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