OakNorth Pre-Tax Profits Surge to £215M ($272M) as It Surpasses £12.5Bn ($15.7Bn) in Lending and Continues US Expansion
- 4 months 1 week ago
- Lending
OakNorth - the leading digital bank for entrepreneurs, by entrepreneurs - today publishes its latest Annual Report, revealing pre-tax profits of £214.8m ($271.6m) in 2024 (FY23 £187.3m / $236.8m). OakNorth provided over £2.1bn ($2.6bn) of gross new lending in 2024, continuing its track-record of supporting ambitious and innovative businesses across the UK and the US.
Zip Announces Partnership With GameStop
- 4 months 1 week ago
- Lending
GameStop Corp. and Zip Co., the digital financial services company offering innovative, people-centered products, today announced a partnership in which Zip will be GameStop’s primary pay-in-installments service for online and in-store customers in the U.S.
Fast-Growing Fintech Firenze and Monument Bank Forge £160M Strategic Partnership to Expand Lombard Lending Access
- 4 months 2 weeks ago
- Lending
Firenze, the fast-growing fintech offering Lombard lending to wealth managers, has formed a strategic partnership with Monument Bank, the UK’s first challenger bank dedicated to the mass-affluent segment. Monument has committed a £160m funding line to Firenze, empowering the fintech to scale its Lombard loan offering for wealth management firms while reinforcing Monument’s position as a leading provider of tailored financial solutions to its... more
Affirm and Shopify Expand Multi-Year Partnership to Global Markets
- 4 months 3 weeks ago
- Lending
Affirm, the payment network that empowers consumers and helps merchants drive growth, and Shopify, a provider of essential internet infrastructure for commerce, today announced an expanded global agreement. The renewed multi-year partnership cements Affirm’s position as the exclusive pay-over-time provider for Shop Pay Installments in the U.S. It also extends this exclusivity into Shopify’s home market of Canada and enables the partnership to... more
Offa Now Accepting First-Time Buyers for Buy-to-Let Finance
- 4 months 3 weeks ago
- Lending
First time buyers are now being offered Sharia-compliant buy-to-let (BTL) finance by Offa, the UK’s leading Islamic property finance fintech, and the minimum age required has now dropped to 18-years-old – in a series of customer criteria changes aimed at widening access to Sharia-compliant finance for the general public.
FIS Partners With Affirm to Bring Integrated Pay-Over-Time Capabilities Directly to Debit Issuing Banking Clients and Their Cardholders
- 4 months 4 weeks ago
- Lending
FIS® , a global leader in financial technology, today announced a new strategic partnership with Affirm, (NASDAQ: AFRM), the payment network that can empower consumers and help merchants drive growth, making Affirm its integrated pay-over-time provider for debit issuers.
ATTUNE Partners With Finastra to Accelerate Digital Lending
- 5 months 23 hours ago
- Lending
ATTUNE today announced a partnership with Finastra, built on their successful collaboration in transforming digital lending for financial institutions. The companies have seamlessly integrated Finastra’s LaserPro loan document management and MortgagebotLOS loan origination solutions with ATTUNE’s full-stack engagement banking platform.
Way.com's Recapture Program Is Revolutionizing Auto Loan Savings for Credit Union Members
- 5 months 1 day ago
- Lending
In addition to Way.com's traditional refinance program, the Recapture Program is revolutionizing how credit union members save on their auto loans by making the process completely effortless. Unlike other refinance programs that require customers to gather their own loan details, Way does all the work by interfacing with real time credit data that details existing loan terms. With this information, Way collaborates directly with American First... more
Canopy Servicing and Moov Partner to Transform Loan Repayments for Lenders
- 5 months 1 day ago
- Lending
Canopy Servicing, the leading commercial loan servicing platform, and Moov Financial, a leading provider of modern payment processing infrastructure, have joined forces to launch Canopy Repay, an integrated solution streamlining loan repayment operations for banks, non-bank lenders, and credit unions. Combining Moov’s real-time payment capabilities with Canopy’s automated servicing technology, the partnership aims to deliver greater efficiency,... more
The Nordic Fintech Bringing Buy Now, Pay Later to B2B Payments
- 5 months 1 day ago
- Lending
Since launching in 2021, Oslo-headquartered Two has grown 243% quarterly based on the simple premise that, in the 21st century, there is no reason for B2B payments to be as complex and analogue as they are currently. Two offers SMEs an innovative payment solution, reducing the significant time lag in the order-to-cash process, ensuring fraud is drastically reduced through an AI-powered risk processor: seeking to make it as simple for businesses... more
Third of Contractors Already Reliant on Credit as 1.1 Million Miss Self Assessment Tax Return Deadline
- 5 months 2 days ago
- Lending
A third (34%) of contract workers, such as gig workers on online platforms and independent contractors, are reliant on credit to pay household bills, almost three times the UK average (13%), finds new research from responsible lender, Creditspring.
Mambu Partners With Good Money By GSB, Launching Its New Digital Lending Platform For Underserved Thai Citizens
- 5 months 3 days ago
- Lending
Today, Mambu announces the success of its partnership with Money DD, a subsidiary of the Government Savings Bank (GSB) of Thailand. The partnership has supported the launch of the “Good Money” application, offering new opportunities for underserved Thai citizens.
Froda and Lunar Expand Embedded SME Lending Partnership to Sweden
- 5 months 3 days ago
- Lending
Froda, a leading Nordic fintech, and Lunar, the digital challenger bank, are thrilled to announce the expansion of their partnership into Sweden. This builds upon their successful launch in Denmark in 2023, where Froda’s embedded SME lending solution was introduced to Lunar’s customers. Now, Swedish customers will gain access and benefit from the same innovative lending solution.
1 in 8 Brits Turned to BNPL for the First Time Last Year Despite Delay in Regulations Until 2026
- 5 months 1 week ago
- Lending
The popularity of buy now, pay later (BNPL) in the UK shows no signs of slowing down, as 1 in 8 Brits (13%) used BNPL services for the first time in 2024 - an estimated 6.8 million people - according to new research from personal finance site Finder.
Algebrik AI And Plaid Join Forces To Simplify Loan Approvals With Smarter, Faster Data Connectivity
- 5 months 1 week ago
- Lending
Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world's 1st cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced its partnership with Plaid, the data network powering the digital financial ecosystem.
