Non-bank lenders have become a popular alternative to traditional banks when it comes to acquiring loans. According to data presented by TradingPlatforms.com, PayPal is the largest non-bank lender in the world with $54.27B in total assets. Non-Bank Lenders Become Popular, PayPal is Largest with $54B in Total Assets
Atom bank is partnering with fintech Credit Kudos to further enhance its open data capabilities for business loan affordability assessments and deliver £1bn in lending over the next two years.
Citadele Prepares for Growth by Investing in Flexible Infrastructure Provided by the Cloud-Based nCino Bank Operating System®
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Citadele Bank, the second largest bank in Latvia by assets, will adopt the nCino Bank Operating System to help modernise its Corporate lending business in the Baltics. Cita
FreshBooks, a leading accounting software available in over 160 countries, joined forces with Salt Edge, a pioneer in developing open banking solutions, to help their growing EU client base in managing business finance processes easier.
- 25.02.2021 02:01 pm
Fintech lender, Blue, has announced a new partnership with challenger credit reference agency and Open Banking provider, Credit Kudos, to extend its services to even more customers.
Cirrus, a provider of cloud-based document management software, announced a capital investment from Portland and Milwaukee-based branding agency Manifesto, that will also coincide with a corporate branding campaign that Manifesto is leading.
- 24.02.2021 10:03 am
HPD Lendscape, a leading international secured lending platform vendor, today announces ambitious expansion plans for its global workforce, building on 12% growth in personnel in 2020.
- 22.02.2021 12:13 pm
iwoca has been named as the top small business lender, and highest ranked fintech firm, in The Sunday Times HSBC International Track 200. Released yesterday, iwoca ranks in 20th place ahead of a number of high-growth companies including Gymshark, Chilly’s Bottles and Brompton.
Atom, the UK’s first app-based bank, is collaborating with Plaid, an Open Finance platform and data network that powers the digital financial ecosystem, to roll out open banking services to its customers, beginning with offering small business owners a streamlined loan application journey and speedier decisions. Plaid enables customers to securely share their banking data with Atom, enabling a quicker response to lending applications.
iwocaPay Becomes Xero’s First Invoice Checkout Integration With Pay Later Option for Small Businesses
- 16.02.2021 07:03 am
iwoca, one of Europe’s largest small business lenders, is today announcing a UK-first integration with leading small business platform Xero. The integration of iwocaPay – iwoca’s invoice checkout – into Xero’s platform, will for the first time provide small businesses with a Pay Later option for their business customers.
SG NewTech, a Kenya-based tech services company and subsidiary of Software Group, has won an award for ‘Best in MEA’ at Finastra’s Global Hackathon “Hack the Future” for its latest project, Banking4U, designed to provide quick and easy access to bank loans.
Leading mortgage technology provider, Twenty7Tec, today announces that all users of the company’s CloudTwenty7 platform will now have access to the APPLY integration with Aldermore, for the submission of mortgage applications. This move follows a successful pilot of the integration, so advisers at both Mortgage Advice Bureau and Connells were able to submit applications to Aldermore from within APPLY.
- 10.02.2021 09:18 pm
Global analytics software provider FICO today released its analysis of UK card trends for December 2020, which presents a mixed picture of UK consumer financial stability. Some of the data suggests that credit card users are managing their finances prudently, but where there is already pressure on finances, the reliance on credit cards is increasing. For more information: https://www.fico.com/blogs/uk-credit-market-report-december-2020-debt-... more
New Pay As You Grow Facility Will Enable More Flexible Repayments on Bounce Back Loans for UK Smaller Businesses
- 08.02.2021 01:17 pm
The British Business Bank, the UK’s economic development bank, today announces further details of Pay As You Grow, which helps UK smaller businesses that have taken out a Covid-19 emergency Bounce Back Loan to manage their cashflow and have a better chance of getting back to growth. Originally announced by the Chancellor of the Exchequer in September 2020, Pay As You Grow (PAYG) will enable businesses who have started repaying their Bounce Back... more