Approval percentages at Big Banks, Small Banks, Institutional Lenders, Alternative Lenders rise; Credit Unions flat in November

Rise in adoption coincides with uptake of Intelligent Automation solutions

61% of organisations now either use Robotic Process Automation (RPA)/robotisation or are developing ideas on how to incorporate the technology into their business. This represents an increase of 15% compared to 2020 figures (46%), as found by the latest Year-on-Year analysis of data accumulated by Visma | Onguard in its annual 2021 Fintech Barometer.

Ideal’s trading performance analytics now available as a turnkey solution within Broadway’s secure environment

As financial institutions struggle with antiquated risk and compliance systems, Hummingbird provides a platform that meets the complex demands of a modern financial system.

•  One in four (26%) lenders currently use Open Banking, with adoption set to skyrocket in next two years.

JCB Co., Ltd., Japan's only international payment brand, and Datachain has started a demonstration experiment on interoperability between different blockchains(*1) to build a "digital currency exchange platform".

• Antler has been invested in The UK since 2019, and plans to invest in at least 70 companies from its first fund. 

• The global venture capital firm’s core focus is backing tech startups at early-stage, but it will now also invest in companies from Pre-Seed to Series C.

• Antler invests in both talented individuals and pre-seed stage companies through its cohort model. The next London cohort will launch in February 2022. 

Consumers continue to transact online and the trend is not diminishing 

The pandemic-accelerated increase in digital transactions is here to stay and businesses must continue to transform their operations as they head into 2022. According to Experian’s latest Global Insights Report, there has been a 25 percent increase in online activity since Covid-19 and that number continues to hold steady.  

Summary: Risk appetite increased after vaccine makers Pfizer and BioNTech said that a third shot may be effective in fighting the omicron variant according to results from a lab study. The VIX Index, a popular measure of volatility based on the US S&P 500 Stock Index, and often referred to as the “fear gauge” slid 9% to 19.90 from 21.89 yesterday. Ahead of tomorrow’s US CPI report, the treasury bond yield curve steepened. The US 10-year bond rate climbed to 1.51% (1.48%) while the 2-year treasury yield eased 2 basis points to 0.67%.