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
Lendonomy selects Neonomics to build Norway’s very first PSD2 crowdlending solution
- 5 years 1 month ago
- Blockchain, Lending, Open Banking
Lendonomy, a Norwegian fintech startup that is developing a blockchain-based “Airbnb for lending” targeting GenZ, and Neonomics, a leading provider of open banking APIs have announced a new partnership agreement. The solution enables Norwegian customers of Lendonomy to instantly and securely lend and borrow small amounts of money to and from each other with payments powered by the Neonomics open banking API. The partnership is the first... more
Assetz Capital announces short-term plan for borrowers and lenders
- 5 years 1 month ago
- Lending
The UK’s largest secured peer-to-peer business lender has announced a short-term plan to protect investors and borrowers during the COVID-19 pandemic. Assetz Capital, which has lent over £1 billion to-date, has put in place a number of measures to help its borrowers navigate this unprecedented economic crash, including the possibility of forbearance. For its 38,000 investors, it has also introduced a nominal ‘loan servicing fee’ to ensure the... more
Phoebus Software Launches Mortgage Self-Service Portal
- 5 years 2 months ago
- Lending
Phoebus Software Limited (PSL), the leading banking and lending software provider, has launched a new digital self-service portal that allows lender’s customers to self-serve on their accounts.
The volume of funded loans on Robo.cash reaches €150 mln
- 5 years 2 months ago
- Lending
A month ago, the European P2P platform Robo.cash announced that the number of its investors reached 10,000. In March, it achieved a new milestone - the volume of loans financed through the platform increased to €150 million in total.
