New BNPL Data Reveals Surprising Truths, Repeat Spenders Most Responsible
- 6 months 2 weeks ago
- Lending
Qlarifi has completed the first real-time, multi-provider study of Buy Now Pay Later (BNPL) usage, revealing that 1 in 4 users make a new transaction every five days, and most use BNPL monthly. In fact, high-usage consumers are more reliable, with defaults concentrated in lower-ticket, one-off purchases by older or first-time users. This challenges the narrative that BNPL is primarily driven by impulsive Gen Z and millennial spending.
Vergent LMS Unveils OmniaCnct Platform to Help Community Lenders Compete in Digital Banking Era
- 6 months 2 weeks ago
- Lending
Vergent LMS, a leading provider of loan management solutions, has released the OmniaCnct Platform, a comprehensive suite of lending technology designed to help lenders modernize operations, reduce costs, and expand their business reach.
Lendflow Launches New AI Automation Suite for Embedded Lending
- 6 months 3 weeks ago
- Lending
Lendflow, a leader in embedded lending infrastructure, announced the official launch of Lendflow Automate, a suite of AI-powered agents designed to optimize workforce efficiency and transform how lending operations are executed. The announcement was made at Ai4, America’s largest AI event. Lendflow founder and CEO, Jon Fry, will join leaders from Chime, Mastercard, and Deloitte for a live panel, “Leveraging AI to Drive Value,” on August 12 at... more
inDrive.Money Arrives in Brazil with Digital Loans for Drivers
- 6 months 3 weeks ago
- Lending
inDrive, a global mobility and urban services platform operating across 48 countries, has announced the launch of inDrive.Money in Brazil. The offering aims to support financial inclusion for drivers by offering quick and convenient access to cash loans within the inDrive app, the world’s second-most downloaded ride-hailing app.
CredAbility Launches First-of-Its-Kind Credit Score Builder to Help Millions Boost Their Scores with Personalised Data-Driven Insights
- 6 months 3 weeks ago
- Lending
CredAbility, one of the UK’s fastest-growing financial wellbeing platforms, has launched a first-of-its-kind credit score builder that gives people complete visibility over h
Shawbrook Goes Live on Thought Machine’s Vault Core, Starting with a Buy-to-Let Mortgage Product
- 6 months 3 weeks ago
- Lending
Thought Machine, the cloud-native banking technology company, and Shawbrook, a leading UK specialist bank, today announce that the bank has successfully gone live with Thought Machine’s next-generation core banking platform, Vault Core, to accelerate product innovation in commercial SME lending.
PowerPay Announces $300 Million Partnership with Synovus Bank and Nearwater Capital
- 6 months 4 weeks ago
- Lending
PowerPay, a leading fintech platform providing consumers with home improvement and patient finance, today announced the addition of Synovus Bank, a Georgia-based financial institution with $62 billion in a
Finastra Supports JICA with Loan IQ to Transform Private-Sector Investment Finance System in Japan
- 6 months 4 weeks ago
- Lending
Finastra, a global leader in financial services software, has announced the Japan International Cooperation Agency (JICA)’s successful go-live with the Loan IQ platform. This project aims to modernize JICA’s core system for private-sector investment finance, an increasingly expanding initiative that provides loans to private sector projects in developing countries.
Lendflow Launches New AI Automation Suite for Embedded Lending
- 7 months 2 days ago
- Lending
Lendflow, a leader in embedded lending infrastructure, announced the official launch of Lendflow Automate, a suite of AI-powered agents designed to optimize workforce efficiency and transform how lending operations are executed.
Fifty-Nine Per Cent of New Canadians Say Better Access to Credit Would Improve Their Living Experience, Finds TD
- 7 months 4 days ago
- Lending
As Canadians continue to navigate evolving economic realities, a new TD survey shows that newcomers who arrived in Canada within the last five years face challenges when it comes to the country's credit system. Among new Canadians surveyed who have applied for credit, three in five (59 per cent) agree they would have a more positive living experience in Canada if they had better access to credit and 79 per cent say it is difficult for newcomers... more
Affirm Expands Work with Google Pay, Integrates with Autofill on Chrome
- 7 months 4 days ago
- Lending
Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced that it is expanding its collaboration with Google Pay and making its flexible, transparent payment options available via autofill on Chrome.
Digital Lending Gets Smarter: TruStage Modernizes Lending Protection With Simplified, Real-Time Solution
- 7 months 1 week ago
- Lending
TruStage™, a leading insurance and financial services provider, announced key enhancements to the digital lending process, simplifying the insurance experience for both the borrower and their financial institution. The updated digital purchase solution gives customers the ability to opt-in to payment protection directly within their loan application, automatically integrating protection into loan documents.
Wagestream Transforms Workplace Lending With Affordable Loans Product
- 7 months 1 week ago
- Lending
Wagestream, the market leader in workplace finance and wellbeing, has announced advancements to its Workplace Loans product. These developments, supported by the £300 million debt financing secured from Citi in April, directly address the issue of inaccessible credit, and reinforce Wagestream’s commitment to providing fair financial services to the everyday worker.
Onbe And Allied Solutions Partner To Streamline Auto Loan Refund Operations
- 7 months 1 week ago
- Lending
Onbe, a leading corporate payouts platform has partnered with B2B financial services provider Allied Solutions to help financial institutions, finance companies, dealerships and their clients modernize the automotive refund process.
Klarna Delinquency Rates Drop As Consumer Health Improves
- 7 months 1 week ago
- Lending
Klarna, the global digital bank and flexible payments provider, today announced a continued improvement in repayment performance among its extensive consumer base of 100 million. A record number of transactions were repaid on time or early, across both higher and lower-value purchases, as consumers turn away from credit cards to Klarna’s fairer credit options for more and more of their everyday and big-ticket spending.
