Levo Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform to Enhance Loan Approvals and Member Experience
- 4 years 1 month ago
- Artificial Intelligence, Lending, Credit Cards
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Levo Credit Union has chosen its AI-powered platform, enabling the credit union to make faster loan approvals, reaching more members, increasing loan approval rates and enhancing member experience.
Atom Bank Launches Fixed Rate Secured Loans for Businesses
Atom, the UK’s first app-based bank, which has provided funding for over £1bn in lending to UK SMEs, has now launched fixed rate secured loans for businesses. Available from 27 October, the products complement Atom’s existing variable rate secured business loans and its partnership with Funding Circle to support unsecured lending to SMEs.
New Mortgage Lender Generation Home Has Teamed Up With Twenty7Tec to Enable More First-time Buyers to Realise Their Dream of Homeownership.
- 4 years 1 month ago
- Lending
Generation Home provides better ways to buy with support from family. Family or friends can provide deposit support by way of an equity loan, and income support by going on the mortgage (up to 6 incomes).
Mastercard Introduces Accessible Card for Blind and Partially Sighted People
2.2 billion people around the world have visual impairments Unique notches on the Touch Card’s short side allow the person to distinguish it between a credit, debit or prepaid card
Hyland Named a Leader in the 2021 Gartner® Magic Quadrant™ for Content Services Platforms
- 4 years 1 month ago
- Lending
Report evaluates content services vendors’ Completeness of Vision and Ability to Execute Hyland has been named a Leader in the 2021 Gartner® Magic Quadrant™ for Content Services Platforms*, marking the 12th consecutive year Gartner has recognised Hyland as a Leader within the evolved content services report.
Recovery Loan Scheme Offers Over £1Bn to Smaller Businesses
£1.06bn offered through almost 6,200 facilities to smaller businesses across the UK Over 5,100 facilities have already drawn down, providing £823m of funding The British Business Bank announces today that the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered over £1bn to smaller UK businesses as they steer a path towards a sustainable recovery.
Cynergy Bank Lends a Total of £317m in Coronavirus Business Interruption Loan Scheme (Cbils) Loans
Cynergy Bank lends a total of £317M in Coronavirus Business Interruption Loan Scheme (CBILS) loans Cynergy Bank has successfully loaned over £317m to SMEs through the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS). Across 157 loans, 82 were for existing customers (£127.430m) and 75 to new clients (£189.661m) which supported businesses across the UK including many in the property, hospitality and healthcare sectors.
Robocash Secondary Market Transactions Increased 11 Times in a Year
- 4 years 1 month ago
- Lending, P2P Lending
More than 50% of European P2P platforms provide an opportunity to sell or buy loans in the secondary market. Of those that publish market statistics, 66% confirm these transactions exceeding the level of 2020. The number of investors choosing a secondary market option ranges up to 74% of all investors on the platform.
Gujarat Witnesses 86% Rise in P2P Investments: LenDenClub Data
- 4 years 1 month ago
- Fundraising News, Lending, P2P Lending
Investment in Peer-to-Peer (P2P) Lending has witnessed a rise of 86% in Gujarat as per consumer analysis of LenDenClub, India’s largest P2P lending enterprise as compared with the previous year. LenDenClub analysed its data, drawing insights into the investment patterns and behaviours of investors in the state of Gujarat. The analysis was conducted on its active overall investor base of over 06 lakh for nine months starting from January 2021 to... more
Izola Bank Selects HPD Lendscape to Transform Bank’s Factoring Technology
Izola Bank, a Maltese bank wholly owned by Belgium based Van Marcke Group, has chosen HPD Lendscape, a leading international secured-lending platform vendor, as the Bank’s new technology partner to replace the legacy working capital technology.
ING to Offer Compensation to Dutch Retail Customers With Certain Consumer Credit Products
ING announced today to offer a compensation to our Dutch retail customers with certain revolving consumer loans where the variable interest rate did not sufficiently follow market rates. With this step, ING reacts to a number of rulings by the Dutch Institute for Financial Disputes (Kifid) regarding similar products at other banks.
Vanquis Launches New Personal Loan Range
- 4 years 1 month ago
- Lending, Personal Finance, Banking
Vanquis Bank, part of the Provident Financial Group (PFG), has today announced it’s expanding its product offering by introducing a range of new personal loans. This significant step demonstrates their strategic vision to be a digital first customer led bank, offering a range of tailored financial products for consumers whose needs aren’t well met by high street banks.
Westerra Credit Union Partners with Backbase to Offer Cutting Edge Technology and Transform Members’ Digital Experience
New partnership with Backbase will allow Westerra Credit Union to scale digitally with increased flexibility and speed
Banking Platform Launches to Power SME Lending Across Europe
- 4 years 1 month ago
- Digital banking, Lending, Banking
FIBR brings EUR 1bn of lending to help European SMEs thrive post-pandemic FIBR, the connected digital bank, has launched with the sole focus of servicing European SMEs, through combining the stability of a bank with the agility and technology of a fintech.
Atom Bank Hits One Billion in SME Lending
Atom bank, the Durham-based fintech, is celebrating hitting £1bn in lending to SMEs. The milestone, which was reached on 15 October, includes all completions originated through Atom’s own secured lending and also the bank’s ongoing partnership with Funding Circle to provide unsecured loans to UK SMEs. This latest milestone comes after the UK’s first app-based bank reached several other significant customer and commercial highpoints.
