Equifax UK Launches First-of-Its-Kind Affordability Solution for Lenders
- 7 months 2 weeks ago
- Lending
Credit reference agency Equifax UK has launched a first-of-its-kind solution for lenders, combining bureau insights with real-time transaction data accessed via Open Banking and statistical estimates to boost affordability assessments and customer outcomes.
Marqeta Announces Marqeta Flex, an Industry-Leading, Buy Now, Pay Later Solution That Can Be Embedded Into Payment Apps
- 8 months 13 hours ago
- Lending
Marqeta , the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today unveiled its
RSM UK Urges 'Buy Now Pay Later' Providers To Protect Vulnerable Customers
- 8 months 3 days ago
- Lending
As the government plans to regulate buy now pay later firms by 2026, more than one in ten millennials (13%) and Gen Z (11%) consumers plan to put Christmas on credit using buy now pay later apps, RSM UK’s latest Consumer Outlook reveals.
Finastra Reveals Loan IQ Simplified Servicing Solution for Bilateral and SME Loans
- 8 months 6 days ago
- Lending
Finastra today announced its Loan IQ Simplified Servicing solution at Sibos 2024. The solution takes the rich functionality available in Finastra’s Loan IQ and combines it with a streamlined user interface that’s optimized for servicing high volume bilateral and SME loan portfolios.
General Motors and Barclays Sign Long-Term Credit Card Partnership Agreement
- 8 months 1 week ago
- Lending
General Motors Co. and Barclays US Consumer Bank today announced they have entered into a long-term partnership agreement for Barclays to be the exclusive issuer of the GM Rewards Mastercard and the GM Business Mastercard in the United States starting next summer.
Zopa Bank Partners with John Lewis Money to Offer Personal Loans Directly to Its 23 Million Customers
- 8 months 1 week ago
- Lending
Zopa Bank has partnered with John Lewis Money, the financial services arm of John Lewis Partnership, to offer personal loans to its 23 million customers. The partnership will see Zopa embed in John Lewis Money its award-winning, digital-first personal loan product, giving the retailer’s customers more finance options that are great value, simple, and transparent.
SoFi Expands Loan Platform Business With $2 Billion Agreement With Fortress Investment Group
- 8 months 1 week ago
- Lending
SoFi Technologies, Inc., a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The agreement will expand SoFi’s capabilities in its loan platform business, where the company refers pre-qualified borrowers to... more
Metro Bank Plans To Collaborate With PEXA To Deliver Frictionless Conveyancing
- 8 months 1 week ago
- Lending
PEXA, the world leader behind the first digital property exchange process, today announced that Metro Bank plans to work with them to explore how to make the re-mortgaging journey for their customers faster and easier. The goal is to deliver quicker post-offer processes, faster remortgage completion times and greater transparency for Metro Bank’s customers and brokers, all while building greater capacity for the bank.
One Of The Country’s Leading Credit Card Providers Capital One UK Joins Compare The Market’s Money Platform
- 8 months 2 weeks ago
- Lending
Compare the Market has today announced one of the top credit card providers in the country, Capital One UK, as the latest to be integrated into its fast-growing money comparison service.
Americas Executions Leverages Broadridge Technology to Support New Securities Lending Business
- 8 months 2 weeks ago
- Lending
Americas Executions (AmerX), a full-service broker-dealer, implements technology platform Securities Finance and Collateral Management (SFCM) from global fintech leader Broadridge Financial S
Global Holiday Season Spending Expected to Grow by 16% in 2024, BNPL Surges While Synthetic Identity Fraud Emerges as Top Threat
- 8 months 2 weeks ago
- Lending
Global holiday spending is expected to rise 16% in value from October through December 2024 compared to the same period last year, according to analysis by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology.
ROSHI Report: Digital Lending Market to Hit $795 Billion by 2029
- 8 months 3 weeks ago
- Lending
The report reveals significant growth projections across various sectors of digital lending. AI-powered lending models are expected to enhance credit risk assessment, potentially improving performance by 10-15% compared to traditional models. The global peer-to-peer lending market is projected to surpass US$705.81 billion by 2030, growing at a CAGR of 26.7% from 2022 to 2030.
Experian Partners with Oakbrook to Launch Innovative Debt Consolidation Loans
- 8 months 3 weeks ago
- Lending
Experian Consumer Services is excited to announce a partnership with Oakbrook, a leading non-bank consumer lender, to offer debt consolidation loans on the Experian Marketplace using Paylink’s innovative ReFi technology. This collaboration marks a significant milestone in improving financial inclusion and unlocking access to credit for more customers.
Klarna Now an Official Apple Reseller with the Launch of New Storefront, Offering the Latest Apple Products and a New Flexible Monthly Payment Option
- 8 months 3 weeks ago
- Lending
Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers can purchase Apple products using its flexible payment options. Now an official Apple reseller, Klarna also launches a brand new, bespoke payment option for Apple products: Upgrade Financing. This new payment option makes Apple’s innovative product lineups available for as little... more
Responsible Lender Creditspring Hits One Million Loans as It Provides Affordable Lifeline to Vulnerable Households
- 8 months 3 weeks ago
- Lending
Responsible lender, Creditspring, has provided over one million affordable loans to borrowers seeking short-term financial support.
