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Bridging loans and fintech are alike in that they both provide alternative forms of financing for individuals and businesses. Bridging loans, also known as bridge loans, are short-term loans that are used to bridge the gap between the purchase of a new property and the sale of an existing one. They are typically used by real estate investors and developers to finance the purchase of a property before they have sold their current one.
With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must adapt quickly to keep pace. To address these challenges, Oracle today launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud-native services.
NCR Corporation (NYSE: NCR) reported financial results today for the full year and three months that ended December 31, 2022. Full-year and fourth-quarter results and other recent highlights include:
• Delivered strong full-year and fourth-quarter 2022 results
• Full-year revenue of $7.8 billion, up 10%; up 13% on a constant currency basis
Multicloud is the new reality in enterprise technology according to a study from 451 Research, part of S&P Global Market Intelligence, commissioned by Oracle Cloud Infrastructure.
Today, Coincover – the leading digital asset protection technology company – announced $30M in funding, led by Silicon Valley’s Foundation Capital. The fresh capital will accelerate recruitment, product updates, and partnerships to safeguard the crypto ecosystem – preventing, compensating, and protecting against crypto threats.
Today Mastercard and global video game commerce company Xsolla announced plans to collaborate on frictionless, secure, and rewarding payments for gamers – from enhanced checkout experiences using credit card loyalty points to simple in-game currency gifting to improved creator payout processes and more. The partnership will combine Mastercard's technology, network-level expertise, global scale, and trusted connections with Xsolla's platform to create customizable and more accessible payment experiences for players, developers, and creators.
John Woods has been appointed Chief Revenue Officer (CRO) at Zenus Bank, the U.S. Bank that allows people and businesses around the world to open a true U.S. bank account without the need to be a U.S. citizen or resident.
In the newly created position, John will take responsibility for driving client acquisition and revenue growth for the Retail, Corporate and Banking-as-a-Service business units within the bank.
It has been estimated that by 2022, the total amount of fintech businesses involved in Payments & Transfers, Alternative lending, E-Wallets and Digital-banking increased from 34 to 1254. This is a massive 3588% rise over the two decades, accounting for 15.4% of all operational fintech companies.
British Business Investments today announces that it is providing a £25m facility to Tower Leasing Limited. The transaction will be structured as a block discounting agreement that will allow Tower Leasing to provide funding support to smaller businesses looking to acquire business-critical assets to accelerate their growth.
