Venio launches nano credit lending app to boost financial inclusion in emerging markets
Venio, the mobile application providing "nano-credit" facilities to consumers in emerging markets accessed via a smartphone, has begun offering easy-to-access credit facilities to unbanked consumers in its maiden emerging market, the Philippines.
38% of investors expect the recovery of P2P lending market by the end of 2020
- 5 years 3 months ago
- Lending
According to a survey conducted by the P2P lending platform Robo.cash, more than a third of P2P investors expect the industry to recover by the end of this year. Investors see regular payments and a decrease in the number of loan defaults as two main signs of the market's recovery.
New lenders accredited to British Business Bank Coronavirus Business Loan Scheme
Today the British Business Bank has announced that it has approved Fiduciam for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), and accredited BBVA under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Fiduciam will be able to provide financial support to smaller businesses across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19... more
MUFG Investor Services selects Broadridge for sophisticated loan tracking and reporting technology
- 5 years 3 months ago
- Lending, Management
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, announces that MUFG Investor Services, an industry leader in administration, asset servicing, banking and fund financing, has selected Broadridge’s Sentry loan tracking and reporting technology to service its clients in the private debt space.
Post Covid-19: Non-bank lending will grow in Asia
The COVID-19 pandemic has significantly changed the psychology of average borrowers. One of the near-time effects will be the growth of non-bank lending. According to a customer survey of Robocash Group in Asia, 50% of respondents say about a higher need for financing. Moreover, the decrease in incomes during quarantine have prepared 45% for active borrowing when restrictions are lifted.
Omnichannel Communications will help lenders align to latest FCA support for motor finance customers
- 5 years 3 months ago
- Lending
Global analytics software provider FICO has responded to the extended support[1] announced by the FCA for motor finance customers facing continued financial difficulties, which came into force on 17th July.
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has accredited the Bank of India under the Coronavirus Business Interruption Loan Scheme (CBILS), and Silicon Valley Bank under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Bank of India will be able to provide financial support to smaller businesses across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19... more
Wolters Kluwer Lien Solutions launches Main Street Lending Program technology solution
- 5 years 3 months ago
- Lending
Wolters Kluwer Lien Solutions has today launched iLien for Main Street – an innovative technology solution to help U.S. lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program (Program). The Program is part of the U.S.
DPR first to launch API hub for the later life lending market
DPR, the provider of savings and lending origination and servicing solutions, has today announced the launch of the DPR Distribution Hub with more2life, a first for the later life lending market. The hub enables third-party intermediary distribution providers such as product sourcing and CRM systems, to integrate seamlessly into the lifetime mortgage lender’s application process by securely transferring product and customer data through APIs.
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), three new lenders for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and two new lenders for accreditation to the Bounce Back Loan Scheme (BBLS).
Aire launches Pulse to help lenders spot sudden financial change created by COVID-19
- 5 years 4 months ago
- Lending
Aire, the UK’s fourth FCA-regulated credit reference agency (CRA), has launched a powerful new insight product to help lenders make sense of the post COVID-19 borrowing landscape. Pulse from Aire helps protect credit providers and consumers from bad debt, and supports fair and FCA-compliant account handling, by enabling lenders to collect up-to-date information from customers about their changing financial circumstances.
KfW coronavirus aid programme: Kapilendo and Varengold Bank create first digital access to instant loans
In cooperation with Hamburg-based Varengold Bank, Berlin fintech Kapilendo is now offering small and medium-sized enterprises the first fully digital application process for instant loans (GER: Schnellkredite) offered by KfW, a German state-owned development bank based in Frankfurt. German companies with more than ten employees can apply via www.kapilen.do/kfw-schnellkredit. The loans will be 100% guaranteed by the German Federal Government.
Asto and Funding Options team up to offer flexible loans to small businesses
- 5 years 4 months ago
- Lending
Asto Business Capital loans are now available on the Funding Options platform as part of a long-term partnership with the business finance marketplace. The Santander-backed app joins Funding Options’ roster of more than 200 lender partners, offering loans of as little as £150 or as much as £150,000, to help small businesses plug urgent cash flow holes.
Future Fund publishes diversity data of companies receiving Convertible Loan Agreements
The British Business Bank publishes Future Fund data that gives a detailed picture of the 252 companies that have been approved for £236.2m worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 623 applications in total in the first month of operation. Government has said it will keep the size of the scheme under review and consider increasing it if needed. This data shows where companies are based across... more
Zopa launches new digital bank, offering consumers a compelling alternative when they need it most
Zopa has today been awarded its full bank licence, launching at a time when consumers need financial services providers to work on their behalf more than ever.
