Buy Now, Pay Early: 97.4% of Klarna Black Friday Purchases Paid off on Time or Early
- 1 year 11 months ago
- Lending
Klarna, the AI-powered global payments provider and shopping assistant, has revealed UK consumers paid off 97.4% of Black Friday orders on time or early, an increase of 2% compared with last year. The data comes as Bank of England boss Andrew Bailey declared yesterday that the UK’s recession may already be over. Klarna’s Buy Now Pay Later products are always interest-free and, if paid on time, incur no fee.
Zilch Launches Pay Over 3 Months Interest-free Regulated Product
- 1 year 11 months ago
- Lending
Zilch, the ad-subsidized payments network (ASPN), today announces the launch of a new credit payment product, allowing its customers to spread interest-free repayments for larger purchases over three months. The new ‘Pay over 3 months’ product will provide more flexibility to customers and drive up Zilch’s market-leading wallet share.
Finastra’s Filogix Unveils Automated Lender Note Capabilities, Powered by Gen AI
- 1 year 11 months ago
- Artificial Intelligence, Lending
Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation of borrower narratives (notes) that aids in lender underwriting – streamlining processes, saving time and minimizing errors for brokers.
BankiFi and Praetura Unveil Next Stage of Strategic Partnership to Revolutionise Lending for SMEs
BankiFi and Praetura, the Manchester-based fintech and alternative lending companies, have launched a new lending-as-a-service solution that will boost SMEs’ access to growth funding.
Adyen and Billie Partner Up to Bring Buy Now, Pay Later to Businesses Across Europe
Adyen, the financial technology platform of choice for leading companies, and Billie, the B2B payments innovator, join forces to let Adyen’s customers enable B2B Buy Now, Pay Later (BNPL) payment services.
Top US Bank, Commerce Goes Live with Loan Origination on Temenos Banking Platform
- 1 year 11 months ago
- Lending
Temenos, today announced that Commerce Bank, a top US bank, has gone live with Temenos’ (Infinity) loan origination solution, increasing operational efficiency and delivering a frictionless, hyper-personalized customer experience.
Wolters Kluwer Analysis Shows U.S. Lenders Who Embrace Digital to be Better Positioned
- 1 year 11 months ago
- Artificial Intelligence, Lending
As the market watches for an anticipated drop in U.S.
Mollie Capital Launches to Provide UK Merchants with Fast and Flexible Financing
Mollie, one of the fastest-growing financial services providers in Europe, today announced the UK launch of Mollie Capital - a fast and flexible way for SME merchants to access funding. Mollie Capital gives UK retailers the opportunity to bypass traditional lenders and access up to £250,000 to help drive growth.
U.S. Bank Expands Client Access to Personal Loans
- 1 year 11 months ago
- Lending
Personal loans can be an effective way for some people to consolidate debt, pay for home improvements or cover other large, unexpected bills. But for some borrowers, meeting traditional lending requirements for a personal loan can be a challenge.
Responsible Lender Creditspring Supported Borrowers with £127M in Short-term Credit During 2023 as Financial Pressures on Households Continue
- 1 year 11 months ago
- Lending
Responsible lender, Creditspring, provided borrowers with £127m in short-term, affordable credit during 2023.
Episode Six Selected to Join Mastercard Engage Programme for Instalments in Europe
- 1 year 11 months ago
- Lending
Building upon its initial enrolment in the Mastercard Engage Programme, Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, announced it has been selected to join the Mastercard Engage Programme for its instalments solution in Europe.
Tietoevry Banking and Butterfield Partner to Provide Sustainable Credit Cards
- 1 year 11 months ago
- Lending
Tietoevry Banking, the market-leading provider of financial SaaS solutions based in the Nordics, has signed a contract with Butterfield in Guernsey to provide a state-of-the-art credit card processing platform as well as card production and personalization services using sustainable payment cards produced from recycled plastic.
ChargeAfter's Lending Hub Selected as a Technology Provider for Citi Retail Services' Citi Pay Family of Digital-First Payment Products
- 1 year 11 months ago
- Lending
ChargeAfter, the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America's largest and most experienced retail payments and credit solution providers, selected ChargeAfter as a technology provider for its Citi Pay® products, including Citi Pay® Credit and Citi Pay® Installment Loan.
Aro and Equifax Partner to Deliver a New Data-driven Marketplace
- 1 year 11 months ago
- Lending
Aro, the UK’s go-to embedded finance partner for brands, has today announced a partnership with Equifax Limited to deliver a new credit card and loan solution for Equifax Marketplace.
Payu's Lazypay Partners with Thought Machine to Shape The Future of Credit Solutions in India.
- 1 year 11 months ago
- Lending
PayU, India’s leading payment solutions provider, today announces it has successfully migrated its credit service, LazyPay, to Thought Machine’s cloud-native core banking platform, Vault Core, and is now live. This partnership has enabled LazyPay to build innovative lending and credit products, deliver a superior, secure, and efficient user experience, and set a new standard for credit financing in India.
