Plumery Launches Digital Lending Delivering Loan Application to Disbursement in Under Three Minutes
- 17 hours 56 min ago
- Lending
Plumery, a digital banking experience platform for customer-centric banking, today announced it has launched Digital Lending, a fully end-to-end digital loan origination journey that allows bank customers to go from application to disbursement in 180 seconds.
Responsible Lender Creditspring Provides Over £200M in Affordable Loans to Borrowers During 2024
- 17 hours 56 min ago
- Lending
Responsible lender, Creditspring, provided £207 million in affordable loans during 2024 as borrowers increasing seek short-term financial support. This was an increase of 63% compared to the £127 million lent to Creditspring members in 2023.
Eligible Synchrony Mastercard Customers Now Have Access To The Pay Later Feature Of Apple Pay
- 4 days 12 hours ago
- Lending
Synchrony , a premier consumer financial services company, is enhancing the way consumers securely shop online and in-app when checking out with Apple Pay on iPhone and iPad. Eligible Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard holders can now choose to pay with the standard terms of their credit card, or use a promotional offer that includes fixed monthly payments.1
CFPB Orders Equifax To Pay $15 Million For Improper Investigations Of Credit Reporting Errors
- 4 days 14 hours ago
- Lending
Today, the Consumer Financial Protection Bureau (CFPB) took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes. The CFPB found Equifax ignored consumer documents and evidence submitted with disputes, allowed previously deleted inaccuracies to be reinserted into credit reports, provided confusing and conflicting letters to consumers about the results of its... more
TransUnion Announces Agreement To Acquire Majority Ownership Of The Consumer Credit Business Of Buró De Crédito
- 4 days 19 hours ago
- Lending
TransUnion has signed a definitive agreement to acquire majority ownership of Trans Union de Mexico, S.A., S.I.C., the consumer credit business of the largest credit bureau in Mexico, Buró de Crédito. TransUnion currently owns approximately 26% of Trans Union de Mexico, has held seats on its board of directors for over two decades, and serves as one of its technology providers. TransUnion has agreed to acquire an additional 68% from selling... more
CFPB Research Reveals Heavy Buy Now, Pay Later Use Among Borrowers With High Credit Balances and Multiple Pay-in-Four Loans
- 1 week 19 hours ago
- Lending
Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in 2022, with most of those consumers having subprime or deep subprime credit scores. The CFPB research also revealed that more than three-fifths of BNPL borrowers held multiple simultaneous BNPL loans at some point during the year, and one-third had... more
Finastra’s Americas Lending Day Highlights Progress in Digital Transformation and Standardization
- 1 week 1 day ago
- Lending
Finastra, a global provider of financial software applications, hosted its Americas Lending Day event in New York City. The event brought together industry experts and leaders from the banking, lending, trade finance, and technology sectors to discuss the latest trends, challenges, and opportunities in the digitization and automation of financial services.
Al Ansari Financial Services Expands Consumer Choice With Innovative Abhi Partnership
- 1 week 1 day ago
- Lending
In a move set to reshape the financial landscape, Al Ansari Financial Services PJSC (DFM: ALANSARI), one of the leading integrated financial services groups in the UAE announces its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), to broaden the spectrum of financial solutions available to consumers, ensuring a seamless service experience... more
Spring Financial Launches Canada’s First AI Financial Assistance App: Bloom
- 1 week 4 days ago
- Lending
Today, Spring Financial, a Canadian financial technology company simplifying the lending process for everyday Canadians, announces the launch of
Philippines’ Digital Lending Market to Potentially Exceed US$ 1 Billion in 2025
- 2 weeks 17 hours ago
- Lending
The digital lending market in the Philippines — consisting of duly registered non-bank digital lenders and digital banks — could exceed US$ 1 billion in the second half of 2025, with the likelihood of growth at an accelerated pace due to the high demand for online technologies from consumers.
The Impact of Credit Scores on Jumbo Mortgage Rates: What You Need to Know
- 2 weeks 1 day ago
- Lending
It seems like rising prices have been the topic of housing conversations for the past few years. Many families face a higher tab for everyday purchases at the grocery store and local restaurant, and for larger expenses like buying a home.
Klarna Partners With Iconic Luxury Retailers Neiman Marcus and Bergdorf Goodman
- 1 month 2 days ago
- Lending
Klarna, the AI-powered global payments network and shopping assistant, has partnered with Neiman Marcus, one of the largest luxury retailers in the U.S., and famed New York City-based Bergdorf Goodman to offer its range of flexible payment methods online.
eBay and Klarna Expand Partnership, Bringing Buy Now Pay Later (BNPL) to New Markets
- 1 month 1 week ago
- Lending
eBay and Klarna, the AI-powered global payments network and shopping assistant, have announced the expansion of their strategic partnership to key European markets making Klarna’s Buy Now Pay Later (BNPL) payment options available to more eBay shoppers. The move gives eBay buyers more choice and flexibility in how they pay, and aligns with the evolving preferences of today’s shoppers.
Slope Taps Marqeta to Power Buy Now, Pay Later Card, Enabling Brands and Marketplaces to Offer Flexible Loan Options
- 1 month 1 week ago
- Lending
Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced its customer
UBIZ Taps Rapid Finance and LoanPro to Modernize Its Lending Capabilities and Drive Scalable Growth
- 1 month 1 week ago
- Lending
Rapid Finance, a leading small business financing platform specializing in providing customized solutions, announced its partnership with UBIZ Venture Capital, a non-profit Community Development Financial Institution (CDFI) dedicated to serving minority and disadvantaged businesses. Through this partnership, UBIZ successfully modernized its lending operations by integrating Rapid Finance’s loan origination system (LOS), Decisioneer, and its pre-... more
