Alternative Finance

Hawaii State FCU Chooses Baker Hill NextGen® To Support Rapid Growth in Commercial Lending

Baker Hill, a leading financial technology provider, delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics, announced that Hawaii State FCU, Hawaii’s largest credit union lender, has chosen Baker Hill NextGen® to support its rapid growth in commercial lending. Read more »

Demand for Online Loans in Southeast Asia is Growing Steadily

This is evidenced by the results of the study conducted by Robocash Group with the help of services for search query analytics. The study inсluded Indonesia, the Philippines and Vietnam where the growth of fintech services is the most active now. Thus, in January 2017, the number of requests of online loans there amounted to 880, in January 2018 - to 8,100 and in January 2019 - to 18,100.     Read more »

Robo.cash Marks the Milestone of 1 Million Funded Loans

Since the launch in 2017, the European P2P platform Robo.cash has financed 1 million loans for the total amount of €89 million. It is notable that the number of loans funded through the platform has increased by 26% from 226,400 for the first five months of 2018 to 284,400 for the same period this year. Read more »

Intertrust acquires Viteos for USD 330 million

Intertrust N.V. ("Intertrust"), a leading global provider of expert administrative services to corporate, fund, capital markets and private wealth clients, today announces the acquisition of Viteos, a provider of leading-edge technology solutions for U.S. funds, from PPC Enterprises LLC, FiveW Capital LLC (an affiliate of 22C Capital) and Viteos management. Read more »

Legacy IT Systems Lose U.S. Lenders $407 Million Every Year, Reveals New Divido Research

Divido, the multinational white label platform for point-of-purchase lending, has today released the findings of its latest research, The Global Lending Report. The report provides insights and trends into the future of the global point-of-sale lending market. Divido surveyed senior decision-makers in the banking/lending space across seven different regions, including the U.S, U.K, Germany, France, Spain, Italy and the Nordics. Point-of-sale... more Read more »

Paysend Joins Seedrs for Crowdfunding Campaign

Paysend is launching a crowdfunding campaign on Seedrs.com With over 750,000 existing customers using its products, Paysend is the next-generation payments platform and a pioneer in international card-to-card payments. The company's recently announced product - the Global Account leverages its deep knowledge in the sector, along with its battle-tested infrastructure to deliver a better way to interact with your money, wherever you are in the... more Read more »

Wolters Kluwer’s Lien Solution Launches Portfolio Sync

Wolters Kluwer’s Lien Solutions has launched Portfolio Sync, a first-of-its-kind lien management solution designed for lenders who use multiple methods of submitting Uniform Commercial Code (UCC) filings. Read more »

BANKEX, Fusion Foundation to Provide Digital Funding Platform for SMEs

Fusion Foundation, the non-profit open source organization building the next ge Read more »

P2P Investors Increase the Investment Size by 30% After the First Month

The European P2P platform Robo.cash has analyzed the average investment made within the first months of investing. The results show that the average investment increases by 30% after the first month of investing on the platform and by another 10% - after the second one. Read more »

Trade Ledger wins place in the inaugural Hong Kong-UK FinTech Bridge Program

 The world’s first open banking business lending platform, Trade Ledger, has won a place in the inaugural Hong Kong-UK FinTech Bridge Program announced last night (29th April 2019) at a special event hosted at Mansion House by the Lord Mayor of London.  In just three years Trade Ledger has established its ground-breaking business lending platform on three continents. This latest achievement means Trade Ledger is the first global technology... more Read more »

Esme Loans Hits £50 Million of Lending to UK Businesses

Esme Loans, the standalone digital lending platform for SMEs and scale up businesses has today announced that it has now lent over £50million to UK businesses. The lender has seen a continued period of strong growth in the run up to today’s announcement, following an uplift in lending of 337% between 2017 and 2018. Read more »

TurnKey Lender Receives an Accreditation From IMDA Singapore

TurnKey Lender, the market’s leading provider of lending automation solutions and services, has received accreditation from IMDA Singapore - a statutory board in the Singapore government. The Accreditation@SGD program is focused on accelerating the growth of innovative technology companies by selecting the best ones and helping them establish credibility in the eyes of local and international partners. Read more »

Assetz Capital springs into ISA season with new 2% cashback offer

Assetz Capital is kicking off the new ISA season by boosting returns for new and existing investors with up to 2% cashback on all new investments. Terms and conditions apply. To benefit from the cashback offer, users simply have to lend new funds through any of the peer-to-peer business lender’s investment accounts between 6th April and 31st May 2019. Read more »

Esme Loans to begin offering loans to sole traders

Digital lending platform Esme Loans, has today announced that it will now offer its loans to UK businesses operating as sole traders. Under its extended proposition, sole traders will be able to obtain loans from £25,500 - £150,000, for up to five years. Read more »

TurnKey Lender Launches Psychometrics: the New Word in Credit Decisioning

TurnKey Lender, a provider of intelligent lending automation, decision management, and risk mitigation solutions, announces the launch of a new app called TurnKey Lender Psychometrics. It allows lenders worldwide to safely evaluate borrowers even in cases when there’s no access to their credit history, bank accounts or other relevant personal data.  Read more »

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