Access to affordable borrowing options vital as UK reliant on credit in run up to Christmas
- 4 years 1 month 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 1 month 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 1 month 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.
DivideBuy Ranks on Deloitte’s UK Tech Fast 50 for an Impressive Third Consecutive Year
- 4 years 2 months ago
- Lending, Investment
News follows an unprecedented year of success for the leading lendtech, having recently announced an impressive £300m in investment
OSTTRA’s TriOptima Launches Credit Optimisation Service Allowing Banks to Reduce Cleared Risk
- 4 years 2 months ago
- Lending, Infrastructure
OSTTRA’s TriOptima, a leading infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, today announced a new triBalance credit optimisation rebalancing initiative that reduces risk in multiple central counterparties (CCPs), including LCH CDSClear and ICE Clear concurrently.
CFPB Seeks Input on Detecting Discrimination in Mortgage Lending
- 4 years 2 months ago
- Lending
Insights gathered will support a fairer mortgage market Today, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) to seek input on rules implementing the Home Mortgage Disclosure Act (HMDA). The CFPB plans to review recent changes to the rules and evaluate their effectiveness. This evaluation will strengthen the CFPB’s ability to maintain a fair, competitive, and non-discriminatory mortgage market.
finova to Partner With Leading Specialist Lender, Quantum Mortgages
- 4 years 2 months ago
- Lending
finova, the leading mortgage and savings tech provider, today announces its partnership with Quantum Mortgages – an intermediary-only specialist lender supporting landlords across the UK. finova and Quantum expect to launch formally by Q1, 2022.
Robocash Group Surpasses Initial Disbursement Goal, Issuing 547 M in 9 Months of 2021
- 4 years 2 months ago
- Lending
According to the results of Q3 2021, international fintech holding Robocash Group has issued 547.3 M USD worth of loans. Notably, every fifth loan was issued to the new customers.
The Growth in SME Loans and illimity's Profits Continues in the Third Quarter of 2021
- 4 years 2 months ago
- Lending
Operating Profit of 77.5 Million Euro for 9M21 (+176% Over 9M20) Net Profit of 46.2 Million Euro for 9M21 (+90% Over 9M20) Net Profit of 18.8 Million Euro in the Third Quarter of 2021 (+26% Compared to 2Q21 and +98% Compared to 3Q20)
Lockdown Sees Fintechs Take Significant Market Share From Banks in Lending, With Open Finance Set to Level the Playing Field Further.
- 4 years 2 months ago
- Lending, Credit Cards, Banking
Data from ClearScore shows challengers and fintechs stealing share of lending market during Covid-19 pandemic ClearScore data suggests there are 9.3m credit customers ready to use open finance for their lending needs, 3.2m of whom are currently poorly served by the market Early adopters of open finance data-sharing are lower risk says ClearScore
Twenty7Tec to Roll out APPLY Integration with Leeds
- 4 years 2 months ago
- APIs, Lending, IT Innovations
Twenty7Tec today announces that it has completed an APPLY integration with Leeds Building Society, enabling users of CloudTwenty7 to seamlessly submit applications to Leeds Building Society without the need for re-keying.
X-Margin and Clearpool Partner to Bring Transparent Lending to Institutions Trading Digital Assets
- 4 years 2 months ago
- Lending, Cryptocurrencies, Data
Partnership to unlock uncollateralized credit for institutional crypto trading, using Clearpool’s innovative protocol mechanics Tokenized credit to open up secondary market and new products such as credit derivatives
Biz2Credit Small Business Lending Index™ for October Finds Loan Approval Rates Rose at Banks and at Non-Bank Lenders for Sixth Straight Month
Small business loan approval percentages at big banks ($10 billion+ in assets) increased from 14% in September 2021 to 14.1% in October.
eKeeper and Burrow Rebrand to finova Broker Platform
Rebrand follows years of significant investment in the platform Recent innovation has resulted in an 80% growth in the platform’s user base Fintech provider finova, formally DPR Group, today announces the rebrand of eKeeper and Burrow to finova Broker Platform - offering brokers a range of digital solutions to enhance their efficiency as well as their customer experience.
Twenty7Tec Releases Mortgage Market Report – October 2021
- 4 years 2 months ago
- Lending
Twenty7Tec, the market-leading mortgage tech provider, has released its monthly findings from the UK mortgage market for October. Key findings for October 2021 include:
