SHIFT · US
Block opens proprietary Cash App Score credit signal to external lenders via Nova Credit
Block is licensing its real-time Cash App Score—a credit signal trained on millions of Square/Cash App transactions—to third-party lenders through partner Nova Credit. First major BNPL/lending data platform to monetize proprietary alternative credit intel at scale.
WHY IT MATTERS
Signals fintech data moats are becoming revenue streams. Alternative credit data (transaction velocity, spending patterns) now rivals FICO. Traditional banks and lenders will compete on access to fintech datasets, reshaping credit decisioning and underwriting workflows.
Source: Finextra · 2026-09-02