Paylink Solutions appoints Head of Development to enhance fintech innovation
- 3 years 11 months ago
- Lending, People Moves
Fintech Paylink Solutions has hired Crispin Neads as Head of Development to drive product development and enhance its digital affordability applications for the financial services industry. Neads has decades’ experience of fintech after delivering transformation programmes and product development through previous technology leadership roles at Experian and Iress.
Biz2Credit Small Business Lending Index™ for November Finds Loan Approval Rates Continue to Rise at Banks and at Non-Bank Lenders
Approval percentages at Big Banks, Small Banks, Institutional Lenders, Alternative Lenders rise; Credit Unions flat in November
Open Banking Adoption in Lending Set to Hit 70% in Next Two Years
- 3 years 12 months ago
- Lending, Open Banking
One in four (26%) lenders currently use Open Banking, with adoption set to skyrocket in next two years.
Twenty7Tec Integrates CloudTwenty7 with Pepper Money for Faster Mortgage Applications
Leading mortgage technology provider Twenty7Tec today announces that it has integrated its CloudTwenty7 platform with Pepper Money, enabling advisers to submit mortgage applications to Pepper Money without leaving the system. This integration leverages the Twenty7Tec APPLY module, as well as the finova Distribution Hub, which Pepper is utilising as part of its origination solution.
Creditspring Hits 100,000 Customers as UK Consumers Increasingly Seek Affordable Credit
- 3 years 12 months ago
- Lending, Credit Cards
With soaring inflation and living costs, Creditspring sees double the number of people seeking affordable credit since July. The fintech’s customer base has grown by almost 430% over the last 12 months, doubling the total amount it has lent in the last six months.
Twenty7Tec to Roll out APPLY Integration with Leeds
Leading mortgage technology provider Twenty7Tec today announces that following a successful pilot, Leeds Building Society has been added to its APPLY module and has now been rolled out to all users of the CloudTwenty7 platform to enable them to submit applications to Leeds Building Society without the need for re-keying
Business Financial Solutions in this Time of Pandemic
The pandemic had negatively impacted businesses worldwide. Sources of revenues became scarce due to lockdowns declared by governments. Vice President Kamala Harris and Harvard University both stated that about a third of the United States’ small businesses have closed down because of COVID-19.
New Hire Strengthens Shawbrook Corporate Lending Team In Yorkshire and the North East
Shawbrook has expanded its Corporate Lending team with the appointment of Matt Fannon, who has joined the specialist bank as Director to extend its presence in Leeds and reach across Yorkshire and the North East.
Twenty7Tec Releases Mortgage Market Report – November 2021
Twenty7Tec, the market-leading mortgage tech provider, has released its monthly findings from the UK mortgage market for November. Key findings for November 2021 include: · 43.2%* Remortgages as a proportion of the mortgage market in November 2021 purchases (excluding product transfers) = 56.8%).
RVU Announces Closing Acquisition of Mojo Mortgages
- 4 years 5 days ago
- Lending
RVU, owner of Uswitch, Confused.com and Money.co.uk, has completed the previously announced agreement to buy Manchester-based Mojo mortgages.
Funding Circle Launches New Embedded Finance Solution
- 4 years 5 days ago
- Lending, Fund Management
The new capability enables partners to seamlessly offer Funding Circle loans of up to £500,000 to small businesses within their own website Powered by Funding Circle’s machine learning and Instant Decision technology, their customers can apply within minutes, receive a decision in seconds and have money in their account within 24 hours
Dakota Credit Union Association Collaborates with Leading AI-based Credit Decisioning Platform Provider Scienaptic AI
- 4 years 1 week ago
- Artificial Intelligence, Lending, Credit Cards
Scienaptic announced today a collaboration with the Dakota Credit Union Association (DakCU) enabling the company to offer its AI-based credit underwriting technology to credit unions throughout North and South Dakota.
Access to affordable borrowing options vital as UK reliant on credit in run up to Christmas
- 4 years 1 week ago
- Lending
Debt levels among variable workers* have increased by ten percentage points throughout the pandemic, with the number of variable workers with debts of between £5,000 and £10,000 more than doubling from 2020 (10% to 23%). Of the 25-34 year olds that expect to increase borrowing in the next six months, 31% need additional funds to buy Christmas gifts for friends and family.
How a Bridging Loan Can Save Your Home
- 4 years 2 weeks ago
- Lending
The agony of being on the brink of completing a home purchase, only to find that the chain has broken, is distressingly common. Latest figures show that up to 39 per cent of UK property sales fall through, as a result of buyers making a lower offer or pulling out of a purchase altogether, or from a chain breaking down.
Fraud Fighters SEON Predict a Dark Day for Personal Loan Providers This Black Friday
- 4 years 2 weeks ago
- Lending, Personal Finance
Online fraud fighters, SEON, is predicting that this year’s Black Friday will be a dark day for personal loan providers. According to the company’s internal data, this week’s shopping bonanza is likely to generate a 150% increase in attempted loan fraud, as cash strapped consumers try to illegally gather funds to secure bargain deals.
