Alternative Finance

Nationwide Building Society Signs up to EDM Prism

Nationwide Building Society has become the first lender to sign up to EDM Mortgage Support Services’ PRISM solution, with other lenders expected to follow suit in the New Year. PRISM – which stands for Portal for Risk Information Sharing in Mortgages – is an EDM Group hosted digital hub which brings the current manual process online, enabling lenders to access third-party data and make business decisions around the suitability of property in... more Read more »

OurCrowd Expands its Global Presence with New Singapore Office

OurCrowd, a global leader in equity crowdfunding, announced today that it has opened an office in Singapore, its seventh worldwide, to serve the growing community of Asian investors interested in funding early stage high-growth companies. It has appointed Denes Ban, a successful entrepreneur and technology executive, as Managing Partner Asia and head of OurCrowd’s Singapore Management company. Read more »

Online Lender Spotcap Expands into the UK Market

Two years after its launch, online lender Spotcap is expanding into the UK market, providing flexible and accessible funding solutions to small and medium-sized enterprises (SMEs). Spotcap provides SMEs with credit lines and business loans of up to £150,000 through an online application process. While traditional lenders make credit decisions based on historical financials and old-fashioned credit scoring, Spotcap uses a unique, proprietary... more Read more »

TotalBank Unveils New TotalFlex Residential Loan Offering

TotalBank announced the launch of TotalFlex, a new proprietary residential loan offering designed especially for South Florida borrowers with complex income structures, such as attorneys, physicians and business owners. TotalFlex can be used for both purchases and refinances, providing the ability to address the evolving needs of local borrowers. TotalBank’s management team developed this program drawing on in-depth local market knowledge and... more Read more »

BBVA Compass and Opportunity Finance Network Enter Into Strategic Partnership

BBVA Compass and Opportunity Finance Network are joining forces to cultivate the next generation of leaders for Community Development Financial Institutions, organizations that are critical engines of opportunity in low-income communities. Read more »

SIB Enters Alternative Lending Market with LendingCrowd

LendingCrowd, one of the UK’s fastest-growing alternative finance lenders to the SME market, has partnered with the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise, in an initiative that will see £2.75 million invested in Scottish SMEs across the LendingCrowd platform. It is expected that the move will stimulate loans of up to £35 million for SMEs while leveraging significant private sector investment. Read more »

LendingCrowd Goes Live with P2P Investor Deal

LendingCrowd, one of the UK’s fastest-growing alternative finance lenders to the SME market, has announced a market-leading offer to investors who are thinking about adding P2P to their investment strategy. By investing £5000, investors will get a 2.5% joining bonus allocated to their accounts and access to a lending platform that achieved an 8.1% rate of return over the last twelve months. Read more »

Regions Bank Reveals Online Consumer Loan Application in Conjunction with Avant

Regions Bank has now launched a simplified, online consumer loan application and underwriting experience in conjunction with Avant. Earlier this year, Regions and Avant announced this agreement, which combines Regions’ established banking and online presence with Avant’s technology platform to provide a fast, convenient digital experience for customers seeking consumer loans. Read more »

LendIt Names Winner of PitchIt@LendIt Competition

 LendingWell, a single-platform P2P lending partner, has today been announced the winner of PitchIt @ LendIt, a competition aiming to find a future star within the online lending and fintech space. The competition is organised by LendIt, the largest conference series dedicated to connecting the global online lending community, in partnership with Capital One, an information-based lending company. Read more »

MoneyGuru is Formed to Boost Consumer Credit Market

MoneyGuru.com comparison site has launched to offer consumers greater choice from a range of loan and credit products across the market. MoneyGuru, unlike other major comparison players, focuses on the consumer credit market rather than insurance. Owned by a specialist consumer credit Fintech Group and covering all aspects of the consumer finance market, MoneyGuru.com brings a new focus on personal loans, credit cards, mortgages, life insurance... more Read more »

TWINO Group Reaches Milestone of €300 Million in Issued Loans

TWINO Group, one of Europe’s fastest growing consumer lenders, announced today that it has reached an important milestone of €300 million in issued loans. The company, which has been operating since 2009, provides unsecured consumer loans for private individuals in ten countries, including Poland, Russia and Georgia. Read more »

Bank of Southern California Named as a Top Small Business Lender

Bank of Southern California has been recognized as a top small business lender in San Diego County based on the volume of SBA 7(a) loans originated according to the San Diego District Office of the U.S. Small Business Administration's fiscal year-end lender rankings as of July 31, 2016. Read more »

FIS Completes of Amendments to Existing Credit Facility and Term Loan Agreement

FIS™, a global leader in financial services technology, today announced the completion of an amendment and restatement of its existing credit agreement and an amendment of its existing term loan agreement. Read more »

QASymphony Chooses Bridge Bank for its Technology Industry Expertise

 Bridge Bank announced today that it has provided a $3 million venture term loan facility to Atlanta-based QASymphony, a leader in agile testing software. QASymphony will use the credit facility to help finance its ongoing growth strategy, including expansion into the European market. Read more »

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