Lowell Leverages Medallia to better Understand and Support Customers in Challenging Economic Climate
- 3 years 1 week ago
- Lending
Medallia, the global leader in customer and employee experience, today announced an expansion of its relationship with Lowell, one of the largest debt collection agencies in the UK, as the company continues its focus on building a customer-centric culture.
Driving Economic Viability: Ingenico and Jifiti Simplify Embedded Lending Integration for Merchants
- 3 years 2 weeks ago
- Lending
Ingenico, the global leader in payment acceptance solutions, joins forces with Jifiti, the global-leading fintech in white-labeled embedded lending, in a landmark worldwide alliance.
Mondu Secures FCA Registration and Launches with 16 British Businesses
- 3 years 2 weeks ago
- Lending
Mondu, the fast-growing B2B payments company, has today announced it has successfully registered with the Financial Conduct Authority (FCA) and will begin working with 16 British clients immediately.
1 in 3 British Adults Embrace BNPL, with Nearly Four in Five BNPL Customers Finding it Helpful in Reducing Financial Stress
- 3 years 2 weeks ago
- Lending
Clearpay, a leader in Buy Now, Pay Later (BNPL), has today published research revealing that BNPL use is rising across all age groups, with 30% of British adults using the service to make at least one payment over the 12 months ending August 2023. BNPL was most popular among Millennials and Gen X, at 41% and 36% respectively.
UK SMEs in Jeopardy as Bank Lending Dries Up
- 3 years 3 weeks ago
- Lending
New research from independent SME funder, Bibby Financial Services (BFS), highlights a significant threat to the UK economy as banks appear to be retreating from lending to small businesses.
Sonovate Increases Securitisation to £240M, Bolstering its Lending Capabilities and International Reach
- 3 years 3 weeks ago
- Lending
Sonovate, the leading provider of finance and payment solutions for the contingent workforce, has announced a significant increase in its securitisation to £240 million from the £165 million announced last year. This latest development comes with the strategic addition of Lloyds Bank to its group of finance providers.
Trade Ledger Offers Banks Exclusive Access to World First AI Solution for Embedded Business Finance
- 3 years 3 weeks ago
- Lending
Following the launch of its new generative AI-enabled Working Capital Copilot solution at Sibos 2023, Trade Ledger is now accepting applications from banks to join its beta program which is being deployed by Accenture. Copilot, which is built on top of Trade Ledger’s data platform, “is the last component of the tech stack required to effectively crack open the $120tn embedded lending opportunity for working capital finance”, said Trade Ledger... more
Alba Bank Partners with Mambu to Enhance Their SME Lending
- 3 years 4 weeks ago
- Lending
Scottish Neobank Alba Bank today announced that it will migrate to
Tarabut Powers Flooss to Enable Faster Loan Approvals
- 3 years 4 weeks ago
- Lending
Tarabut, MENA’s leading open banking platform, has announced a new partnership with FLOOSS, Bahrain-based digital lending platform. FLOOSS is the first and fastest digital loan app in Bahrain offering consumer loans of up to BHD 750 with a repayment period of up to 12 months.
Galileo Expands Buy Now, Pay Later Offering to Help Lenders Reach SMBs
- 3 years 1 month ago
- Lending
Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc., announced today that its Ga
Versana Surpasses Major Milestone With More Than 1,500 Syndicated Loan Facilities Now Available on its Transformative Digital Data Platform
- 3 years 1 month ago
- Lending
Versana today announced that it has surpassed a key milestone of more than 1,500 syndicated loan facilities and approximately $900 billion in global loan commitments on its transformative, real-time digital data platform in less than a year since its product launch.
FullCircl and nCino Partnership Provides Data-Driven Experiences to SME Lenders
- 3 years 1 month ago
- Lending
FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps financial institutions (FIs) do better business faster, has announced a partnership with nCino, a pioneer in cloud banking. The partnership brings together FullCircl’s advanced
Fuse Launches Income Verification Tool to Support Lenders to Improve Decision Making for Borrowers with Non-Traditional Income Patterns
- 3 years 1 month ago
- Lending
AI powered transaction analytics firm, Fuse, has enhanced its offering with the introduction of a new Income Verification Tool, which uses transaction data to provide lenders with detailed insight and probabilistic estimates into the income streams of prospective borrowers, while also painting a fuller picture of their financial position in real time.
Lending Standards Board Joins UK Regulators’ Network to Foster Collaboration and Consumer Protection
- 3 years 1 month ago
- Lending
The Lending Standards Board (LSB), the primary self-regulatory body for the banking and lending industry, is pleased to announce its membership of the UK Regulators’ Network (UKRN). This partnership will further enhance collaboration among regulators from various sectors, promoting better outcomes for consumers, SMEs, and the economy.
Gen X and Millennials Now Outspend Gen Z on Buy Now, Pay Later Services
- 3 years 1 month ago
- Lending
Millennials and Gen X said they spent more than Gen Z when it comes to using buy now, pay later for online shopping over the past 12 months according to the latest Q3 2023 Consumer Pulse survey from a global information and insights company TransUnion. Compared to 54% of Millennials and 39% of Gen X who reported spending spent above £500, only 35% of Gen Z said they spent above this amount.
