One-fifth of Teachers Reliant on BNPL to Pay for the Weekly Shop Risking Long-term Debt as Key Worker Finances Reach Breaking Point
- 2 years 11 months ago
- Lending
One-fifth (18%) of teachers have been forced to rely on buy now, pay later (BNPL) payment options to afford their weekly shop, according to new research from responsible lender, Creditspring. More than a quarter of teachers (26%) say they wish they’d never used BNPL options, with 14% admitting they’d were unable to meet repayments and that this pushed them into debt.
Experian Launches 4D Credit to Help Lenders Better Support Small Businesses Thrive and Survive
- 2 years 11 months ago
- Lending
Experian has today announced the launch of 4D Credit - a new suite of services designed to help lenders better manage their commercial lending portfolio and provide valuable support for small businesses as they look to battle economic uncertainty.
TMEDE’s Newly-launched Microlending Platform Goes Live by Profile Software
- 2 years 11 months ago
- Lending
Profile has announced its strategic collaboration with TMEDE Microfinance Solutions, having been selected following an open tender for the provision of a modern online platform offering financing to TMEDE members.
Reward Achieves Landmark £200M Lending Milestone
- 2 years 11 months ago
- Lending
Reward Finance Group has cemented its twelfth year of continuous growth, by breaking through the £200m loan book milestone for the first time.
Embedded Lender Fluro Selects Data Intelligence Platform Bud to Supercharge its Decisioning in Lending
- 2 years 11 months ago
- Lending
Bud Financial, the AI-based data intelligence platform, has been selected by embedded consumer lender Fluro to power its lending decision-making through open banking data and transaction AI. Fluro will integrate Bud's AI capabilities in account connection, categorisation and transaction analysis, to supercharge its decisioning engine and affordability assessments, for both existing and new customers.
Froda, Lunar and Visa Launch Embedded Loan Solution for Small Businesses in Denmark
- 2 years 11 months ago
- Lending
Froda is launching its card-based embedded lending solution in Denmark together with Lunar and Visa. The launch follows a successful test period and the goal is to make it faster and cheaper for Danish small businesses to access financing and secure the necessary capital for driving growth.
Freedom Finance Launches Refreshed Proposition Amid Vibrant Second Charge Market
- 2 years 11 months ago
- Lending
Freedom Finance, one of the UK’s largest second charge distributors, is delighted to launch a refreshed proposition to support brokers through its Freedom 4 Intermediaries division. Freedom 4 Intermediaries is a specialist second-charge mortgage broker which helps intermediaries find the right borrowing solution for their clients whilst delivering market-leading customer service.
Two-thirds of Lenders Admit They’re Yet to Fully Review the New Consumer Duty Regulations Despite Rapidly Approaching Deadline
- 2 years 11 months ago
- Lending
With less than two months to go before the new Consumer Duty deadline, two-thirds (65%) of UK lenders admit they are yet to fully review the regulation requirements, according to new research from AI-powered transaction analytics firm, Fuse.
SimpleNexus, an nCino Company, Announces New Integration with Empower, Black Knight’s Comprehensive Loan Origination System
- 2 years 11 months ago
- Lending
SimpleNexus, an nCino company and developer of the leading U.S.
Core10 Named Best Places to Work in Financial Technology 2023
- 2 years 12 months ago
- Lending
Core10, Inc. (Core10), a U.S.-based financial technology company that provides lending, account opening, and BaaS products, as well as software development services, today announced it has been named one of the 2023 Best Places to Work in Financial Technology. The awards program was created in 2017 and is a project of Arizent and Best Companies Group.
Freedom Finance announces Magic Breakfast as its 2023 Charity of the Year
- 2 years 12 months ago
- Lending
Freedom Finance, one of the UK’s leading digital lending marketplaces and embedded finance providers, is delighted to announce pioneering UK charity Magic Breakfast as its chosen 2023 Charity of the Year.
Collaboration Between Finastra and S&P Global Market Intelligence Aims to Deliver Significant Efficiencies in Corporate and Syndicated Lending
- 3 years 1 day ago
- Lending
Finastra today announced a collaboration with S&P Global Market Intelligence focused on the corporate and syndicated lending market. The companies have agreed to collaborate and integrate their solutions for corporate and syndicated lending, with the aim of delivering significant benefits to common clients.
Pure Retirement Joins finova’s Lending Panel
- 3 years 2 days ago
- Lending
Lifetime Mortgage Specialists Pure Retirement have joined finova Payment and Mortgage Services panel of over 80 lenders.
Swedish Fintech Firm Froda Sets its Sights on the UK Market
- 3 years 1 week ago
- Lending
Froda, the rapidly growing Swedish fintech company, has announced its expansion into the UK, marking another milestone in its growth trajectory.Froda has lent out more than 6.5 billion SEK since its inception and with the UK expansion, the company that reached a 1.2 billion SEK valuation this autumn, is now operating in five markets: the UK, Norway, Denmark, Finland, and Sweden.
Blackfinch Property Completes its Largest Loan to Date with £20M Refinancing Deal in East London
- 3 years 1 week ago
- Lending
Blackfinch Property, a rapidly growing agile lender to the UK property market, has completed its largest loan to date, a £20m refinancing for a mixed portfolio of 54 residential and commercial properties across East London.
