Income verification is a critical part of the loan application process to verify if individuals can take on the financial commitment of a loan.

It should not be difficult. Lenders often just want to tick a small box on an application form “Has the customer provided adequate proof?” Yet sometimes obtaining that truth is hard, leading to dropped applications on the one hand, or fraud on the other.

Today Instantor, the second fastest-growing Swedish FinTech, who makes tough calls easy within credit risk management presents How to leverage trust and improve conversion through digitalisation, a report that demonstrates how digitalisation is a critical factor to build trust today and drive business.

The economic challenges currently facing the UK could pave the way for trend-setters to emerge as market-leaders. That’s the message from Martin Hill – MD of automotive tech firm DealTrak – in a report which considers the secret to unlocking F&I success in these uncertain economic times.

The bold statement comes in the build-up to Brexit and in the wake of the Financial Conduct Authority (FCA)’s motor finance report – which likely made for uncomfortable reading for many within the car industry.

VTB Bank is one of the leading banks in the Georgian financial market. With almost 15 years in business, it established itself as a modern financial institution, introducing innovations and improving the quality of services. Since the beginning of 2019, technical support for all bank self-service devices has been entrusted to BS/2 Georgia.

 Unisys Corporation (NYSE: UIS) today announced the availability of the latest version of its Unisys Elevate™ omnichannel banking software platform, which enables banks to adopt an open banking approach to deliver an unrivaled customer experience.

People who do not have access to a bank account pay an extra £485 a year for everyday bills and services, research from an account provider suggests.

More than 1.2 million Britons do not have a bank account, so miss out on discounts reserved for those who pay bills by direct debit, said Pockit.

This ramps up the cost of energy bills, broadband and phone contracts, it said.

"For many of us, having a bank account is a basic fact of life," said Pockit boss Virraj Jatania.

Award-winning global payments company, Ixaris, has bolstered its senior team with the hire of a new Chief Legal and Compliance Officer and Commercial Director. The company welcomes Georg von Brevern and Sean Ashton as part of a wider expansion plan, following the company’s continued success and 75% year-on-year growth.

Trace Software International announces the launch of the latest version of the archelios™ suite, the software solution to manage the entirety of a wide range of PV projects such as rooftop photovoltaic installations, large solar power plants, grid-connected PV power or self-consumption systems.

Digital payment solutions provider, MeaWallet, today launches a new payment tokenization solution that delivers Mastercard, Visa and American Express tokenization services through a single connection.

Commerce Bank has promoted Paul Steiner to Corporate Controller and Chief Accounting Officer of Commerce Bancshares effective immediately.