Wolters Kluwer Compliance Solutions launches TSoftPlus™ PPP Forgiveness Module
- 4 years 12 months ago
- Lending, Compliance
Wolters Kluwer is continuing to respond to the U.S. CARES Act’s Paycheck Protection Program (PPP) by developing much needed financial technology to help local lenders.
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has approved one new lender for accreditation to the Bounce Back Loan Scheme (BBLS), and six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). Investec will join the other 20 BBLS lenders who have been accredited since the scheme opened last month.
Blue Prism automates US gov. PPP Process helping small businesses stay afloat
Blue Prism has teamed-up with Lateetud and ABBYY to support the US government’s latest COVID-19 relief efforts for small businesses, by helping to automate loan applications during the two rounds of funding, $349 billion and $310 billion respectively, allocated by Congress as part of its
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS), five new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) and four new lenders under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Paragon Bank will join the other 19 BBLS lenders who have been accredited since the scheme opened last month.
Fintechs Must Take Part in COVID-19 Recovery, says Bruc Bond
Leading business banking firm Bruc Bond believes small businesses must be helped by fintechs to lessen shock of worldwide pandemic The COVID-19 pandemic has severely crippled the global economy. While social distancing measures have been vital to securing people's lives and enabling effective governmental responses to the pandemic, SMEs around the world have been hit hard by these necessary measures.
Tabby secures a $7 million investment to support its launch in Saudi Arabia
- 5 years 1 week ago
- E-Commerce, Lending, Banking
UAE-based buy now, pay later startup Tabby has secured a $7 million investment to support its launch in Saudi Arabia. The funding round was led by Raed Ventures with participation from MSA Capital and existing investor Arbor Ventures.
Wolters Kluwer’s PPP Financial Technology Helps Retain One Million American Jobs Across 100 Industries
Analysis completed by Wolters Kluwer Compliance Solutions shows that its Paycheck Protection Program (PPP) Supported by TSoftPlus™ financial technology solution has helped small businesses retain approximately one million American jobs. And that’s across almost 100 different industries.
New lenders accredited to British Business Bank Coronavirus Business Loan schemes
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS) and three new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). JCB Finance will join the other 18 BBLS lenders who have been accredited since the scheme opened last month.
Norway’s State Housing Bank Selects Temenos to Rapidly Offer Billions in Loans, Grants and Housing Support to Residents and Municipalities
- 5 years 2 weeks ago
- Lending, Cloud, Fraud Detection, AML and KYC
Temenos (SIX: TEMN), the banking software company, today announced that the Norwegian State Housing Bank, Husbanken, will replace its legacy IT system and deploy Temenos Transact to digitalize and optimize its lending operations. Temenos’ partner, Syncordis, will support the implementation. Temenos’ cloud-native core banking product will drive operational efficiencies across the bank’s back-office operations and reduce cost and complexity.... more
82% Indians bear financial brunt of COVID-19: IndiaLends survey
A recent survey by IndiaLends, a digital lending platform, has revealed that the pandemic has severely affected the financial health of salaried and professional individuals with 82% of respondents saying they are struggling to make ends meet.
SalaryDost selects Onfido to power digital lending with trusted identity verification
- 5 years 2 weeks ago
- Lending, Authentication Technology
Onfido, the global identity verification and authentication company, has announced a partnership with SalaryDost, a leading digital consumer lending platform in India, to provide identity verification with real-time live video checks to verify users and for a robust Know Your Customer (KYC) solution.
British Business Bank accredits Metro Bank to the Bounce Back Loan Scheme
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors[1], with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Quarter of merchants were borrowing funds to pay business costs or salaries - even before COVID-19
- 5 years 3 weeks ago
- Covid-19, Lending, Online Trading
Europe-wide research commissioned by innovative financial infrastructure provider Banking Circle has found that nearly two thirds (64.6%) of online merchants have needed extra finance in the past two years (excluding borrowing due to the current COVID-19 crisis).
British Business Bank approves four new lenders for accreditation under the CBILS
Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). New lenders The FSE Group, FW Capital, Mercia Asset Management and Whiterock Finance will be able to provide financial support to smaller businesses in the Northern Powerhouse and Midlands Engine regions, as well as Northern Ireland, that are losing revenue and seeing their... more
Finastra announces Fusion Credit Connect solution on Salesforce AppExchange and FusionFabric.cloud
Finastra today announced the launch of its Fusion Credit Connect solution on Salesforce AppExchange and Finastra’s FusionFabric.cloud, re-envisioning how relationship managers and borrowers connect and communicate from opportunity to origination, through to closing and booking. Corporate lending end users benefit from a better customer experience across the whole process of securing and drawing down a loan.
