Movii and Yabx Offer Credits to MSMEs Amid Covid-19
- 5 years 2 weeks ago
- Covid-19, Lending, Online Banking
Movii, a leading mobile wallet and a challenger bank in Colombia, and Yabx, a leading technology company in contactless lending have joined hands to provide credit services for MSMEs. Businesses can use this credit service to facilitate their business operations and purchase FMCG stocks.
Ebury authorised to provide SME funding under Italian Government’s Coronavirus guarantee scheme
- 5 years 2 weeks ago
- Lending
Ebury is the first non-bank financial institution to be granted approval to provide SMEs with loans under the Italian government’s guarantee scheme “Garanzia Italia”*. The scheme, which is available to Italian businesses with less than 5,000 employees and €1.5 billion turnover, provides government guarantees to cover up to 90% of the loan value.
Masthaven launches fees-free remortgage range
- 5 years 2 weeks ago
- Lending, Banking, Retail Banking
Masthaven Bank has today launched a new fees-free remortgage range on its first charge residential two-year and five-year fixed remortgage products. The specialist bank has released the limited-edition products in response to continued demand for remortgages, particularly for fees-free ranges, during the coronavirus outbreak. Masthaven says the new products are designed to empower brokers to offer their customers greater flexibility around their... more
British Business Bank Announces Four New Lenders Under The Coronavirus Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), which provides financial support to smaller businesses (SMEs) across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19 outbreak. The new CBILS lenders are Allied Irish Bank (GB)/AIB (NI), ThinCats, Paragon Bank and IGF (Independent... more
Fintech Companies, Lendsmart and Griffin Technologies, Partner to Improve SBA PPP Loan Process
- 5 years 3 weeks ago
- Lending
Lendsmart and Griffin Technologies, two fintech companies building software for banks and credit unions, have partnered to provide their customers a complete end-to-end solution for the Small Business Association’s (SBA) Paycheck Protection Program (PPP).
DivideBuy launches soft search credit check for interest-free purchases
Leading LendTech company, DivideBuy, has launched a unique soft search credit check functionality that lets customers know whether they will be approved for interest-free credit purchases without affecting their credit score. DivideBuy is one of the only companies that can offer this functionality thanks to its unusual position as both the technology developer and money lender.
Coronavirus Large Business Interruption Loan Scheme to Open on Monday
The Chancellor of the Exchequer today announced details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Delivered by lenders accredited by the British Business Bank, the new scheme provides finance to mid-sized and larger UK businesses with turnover above £45m (the upper limit for the existing smaller-business focused CBILS).
Funding Circle Accredited Under the Coronavirus Business Interruption Loan Scheme
Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank.
Wolters Kluwer Adds New Loan Application Importer Functionality to Successful Paycheck Protection Program Solution
Wolters Kluwer Compliance Solutions has added an important new feature to its widely used Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, which is designed to help U.S. banks, credit unions and other lenders support small businesses with payroll funding during the COVID-19 crisis.
Ebury to launch Coronavirus Lending Facility to support UK and European SMEs
- 5 years 1 month ago
- Lending
Ebury, one of Europe’s largest FinTech companies, is launching an initiative to offer financing to SME’s in the UK and Europe. An initial £40m lending facility to help UK SMEs manage their working capital during the Coronavirus crisis is available now and Ebury aims to expand this program into the hundreds of millions in collaboration with Governments in the UK and Europe.
Pega Announces Small Business Lending Reference App To Help Banks Speed Processing of COVID-19 Emergency Loans
- 5 years 1 month ago
- Lending
Pegasystems Inc. (NASDAQ: PEGA), the software company empowering digital transformation at the world’s leading enterprises, today announced the launch of a Crisis Small Business Lending reference application which helps financial institutions manage the thousands of emergency loan applications pouring
Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)
Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing requirements, and ensure compliance for Payment Protection Program loans under the new CARES Act. The new application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing. Appian will... more
Lendsmart Automates & Digitizes Paycheck Protection Program SBA Loan Application Process
- 5 years 1 month ago
- Lending
Amid the COVID-19 crisis, Lendsmart, an end-to-end solution enabling banks and credit unions to completely digitize their lending and home buying operations, has repurposed its proprietary technology to help financial institutions automate and digitize the Paycheck Protection Program (PPP) SBA loan application form.
Credit Hero gets a digital boost in lending with Salt Edge solution
- 5 years 1 month ago
- Lending
Credit Hero, an online lender from Hong Kong, teamed up with Salt Edge, a leader in offering open banking solutions, to access borrowers’ bank data at digital speed and eliminate the traditional paper chase. Hong Kong is a leading global financial hub. As recently the macroeconomic environment has changed, the lending market is experiencing a so-called digital seismic shift. Escalating uncertainties kickstart the demand for credit products which... more
The impact of COVID-19 on the personal loan market
As a global fintech that operates in the UK, US, Australia and Poland, we're witnessing first-hand the effects that the global shutdown is having on personal lending around the world. The COVID-19 crisis is having a severe impact on the consumer credit market in almost all of the territories in which we operate. In the UK and the US particularly, we're seeing two key themes play out since the outbreak of the virus; a significant reduction in the... more
