Lloyds Banking Group: Online Lending to Small Businesses Soars in Two Years
- 10 years 3 months ago
- Alternative Finance
The latest figures for Lloyds Banking Group, which includes Lloyds Bank and Bank of Scotland, show that the total amount of online lending to small businesses has doubled in the past two years*, as more businesses are making the move online to manage their banking. The annual value of online lending to small businesses (those with a turnover of less than £1m) is increasing at an even greater rate, with online lending to small business customers... more
Ovamba Teams Up with New Investors to Unlock The Potential of SMEs in Africa
- 10 years 3 months ago
- Banking, Alternative Finance, Crowdfunding
Ovamba Cameroon Solutions, an online African funding and logistics services provider for SMEs (small and medium sized businesses), announces partnerships with two investors, Crowdcredit and Courtyard Capital. The partnership highlights the commitment of all three companies to unlocking the potential of SMEs in Africa.
SIA Reveals “Person to Business” Service
- 10 years 4 months ago
- Alternative Finance
Following on from “Person to Person” (P2P) payments, Jiffy - the service developed by SIA to send and receive cash in real time from a smartphone – comes to stores. The pilot phase of the “Person to Business” (P2B) project has in fact begun in the cities of Milan and Bergamo, allowing customers to pay via app at participating retail outlets authorized by UBI Banca. Other major Italian banks have expressed interest in offering the service by next... more
Staffcare Selects Neyber to Provide Loans Across UK
- 10 years 4 months ago
- Alternative Finance
Neyber, the leading provider of salary deducted loans, has been chosen by the employee benefit platform provider Staffcare to provide loans across its UK employee customer base.
Wells Fargo Unveils yourFirst Mortgage℠- Loan Program
- 10 years 4 months ago
- Alternative Finance
-Wells Fargo & Company unveils yourFirstMortgage℠, a new home loan program that offers a down payment of as little as 3 percent for fixed-rate mortgages, lo
Ipreo and Misys Cooperate to Deliver Syndicated Loan Solution
- 10 years 4 months ago
- Alternative Finance
Ipreo and Misys announced the signing of an agreement whereby the two companies will integrate Debtdomain and Misys FusionBanking Loan IQ – market-leading software solutions for syndicated loan arrangers and agents. Clients will benefit from the powerful integration capabilities included in FusionBanking Loan IQ. Mutual clients of Debtdomain and FusionBanking Loan IQ have previously integrated the products, but this solution will be the first... more
LendIt Collaborates with P2P Finance Association to Run Online Lending Conference
- 10 years 5 months ago
- Alternative Finance, P2P Lending
LendIt, the world’s largest online lending conference, today announced the launch of LendIt Europe 2016, its third annual European conference, to be held October 10-11, 2016 in London. LendIt is partnering with the UK P2P Finance Association, Europe’s premier lending association, for the second year to deliver what is expected to be its largest conference to date, with more than 1,000 attendees expected.
Cashfloat Awarded Full Authorization Status in Short Term Credit Sector
- 10 years 5 months ago
- Alternative Finance
Cashfloat.co.uk has been awarded Full Authorization status in the highly regulated High Cost Short Term Credit sector, by the Financial Conduct Authority (FCA). The Financial Conduct Authority (FCA) aims to protect consumers of the UK’s financial services industry, ensuring businesses are run with integrity and with the consumers’ best interests at heart.
Green Dot Corporation Releases New Online Marketplace
- 10 years 5 months ago
- Alternative Finance, microfinance
Green Dot Corporation launches Green Dot Money, an online marketplace that seeks to match low and moderate income consumers with a curated set of lending partners that specialize in serving low and moderate income Americans. The loans are made by third party lenders who are members of the marketplace. Green Dot does not use its balance sheet to fund the loans nor does it assume any risk of non-repayment.
Avuba and Raphaels Bank Team Up On Alternative Payments Technologies
- 10 years 5 months ago
- Payments, e-Payments, Money Transfers, Banking, Mobile Banking, Alternative Finance
Demonstrating its growing reputation for delivering pan-European innovative payment solutions, Raphaels Bank Payment Services, has signed a partnership deal with European start-up Avuba. The new deal will see Raphaels Bank, a market player in the emerging payments market, support the launch of an alternative payment account from Avuba for consumers in Europe.
Fiserv and AFS Help Financial Institutions with Commercial Lending Capabilities
- 10 years 5 months ago
- Banking, Alternative Finance
Fiserv announced a partnership that will bring the industry-leading commercial lending capabilities of Automated Financial Systems, Inc. (AFS) to Fiserv bank core account processing clients. The integration of AFSVision® with account processing platforms from Fiserv will enable clients to efficiently expand their lending services to support complex commercial lending demands.
Partech Ventures Supports French Lending Platform Lendix
- 10 years 5 months ago
- Investment Management, Alternative Finance
Partech Ventures confirms its support of Lendix, the French number one in lending platforms, as CNP Assurances, MatMut and ZenCap AM join as new investors.
Santander Launches Kabbage Platform to Accelerate Automated SME Lending
- 10 years 6 months ago
- Alternative Finance, microfinance
Small and medium sized enterprises (SMEs) in the UK would have access to a new working capital solution from a mainstream bank which provides approval for funding between £500 and £100,000 within a matter of minutes and access to the funds within a day - a process that currently takes between two and 12 weeks. The solution from Santander, to be made available exclusively online, would leverage the powerful Kabbage Platform to accelerate... more
loanDepot and Avant Partner to Expand Credit Options to Responsible Borrowers Nationwide
- 10 years 7 months ago
- Alternative Finance
Today, loanDepot delivers consumers access to credit through purchase, refinance, personal, and home equity loans online and through eight nationwide customer-care supported tech-enabled business centers.
Lloyds Releases Mortgage Advice Service
- 10 years 7 months ago
- Alternative Finance
An innovative new service is enabling Lloyds Bank and Halifax customers to speak with a mortgage advisor ‘face to face’ from the comfort of their own home via video link on a laptop, desktop, or tablet computer. The video service, which was successfully piloted for Lloyds customers throughout 2015, provides a convenient alternative for those who would otherwise be required to travel to a branch or speak to a mortgage advisor on the phone.
