YABX Forays into Mexican Market
- 4 years 10 months ago
- Lending, People Moves
Yabx, a fintech venture in digital lending, today announced its foray into Mexico as part of its expansion strategy in the Latin America region. The company also announced the appointment of Javier Chavez-Ruiz as Business Sales Associate for the region.
EQ Launches Mortgage Services
EQ Credit Services, part of the international technology-led services and payments specialist EQ (Equiniti Group plc), is pleased to announce the launch of Mortgage Services.
Swedish Export Credit Corporation Partners with FIS to Digitalize Its Commercial Lending Platform
The Swedish Export Credit Corporation (SEK), which finances Swedish exporters, their subsidiaries, and foreign customers, has chosen financial technology leader FIS® (NYSE: FIS) to digitize and modernize its commercial lending platform to enhance service to its clients and streamline costs.
Omnio Partners With CUFA to Create Fairer and More Flexible Lending
- 4 years 10 months ago
- Lending
Omnio, the Banking as a Service platform Fintech, has announced that its Credit Union business KESHO has partnered with Credit Union Financial Analytics (CUFA), the leading analytics company for managers and trustees of credit unions (CUs). This partnership is a strategic move by Omnio and demonstrates its commitment to the Credit Union sector in the UK and the Republic of Ireland. It provides a substantial upgrade to the analytical tools... more
Jaywing Completes IFRS 9 Model Framework For Starling Bank’s CBILS Portfolio
- 4 years 10 months ago
- Lending, Credit Risk
Jaywing has completed its work with Starling Bank to deliver an IFRS 9 modelling framework for the calculation of IFRS 9 Expected Credit Losses on the Coronavirus Business Interruption Loan portfolio. Following appointment in June, Jaywing has built a data-driven model with flexibility, pragmatism and expert judgement to facilitate the provision of government-backed loans to support small businesses affected by coronavirus (Covid-19) with... more
New Lenders Accredited to British Business Bank Coronavirus Business Interruption Loan Schemes
Today the British Business Bank has announced that it has approved Conister for accreditation to the Bounce Back Loan Scheme (BBLS), and Bank of Ireland (UK) for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Conister will join the other 26 BBLS lenders who have been accredited since the scheme opened.
Equifinance Goes Live on Phoebus Servicing Product
- 4 years 10 months ago
- Lending
Following the signing of a five-year contract, Equifinance has successfully migrated its existing secured loan portfolio onto the Phoebus account servicing product. Migration took place over the weekend of the 8th August and the implementation project was delivered on time and on budget.
Xero to Acquire Invoice Lending Platform Waddle
Xero today announces the acquisition of Waddle, a cloud based lending platform that helps small businesses access capital through invoice financing. The acquisition aligns with Xero’s strategy to grow the small business platform and to address critical small business financial needs. Waddle’s best in class cloud lending platform, combined with small businesses’ invoice data, will enable the delivery of tailored invoice financing solutions.
Nucleus Commercial Finance Supports SMEs with Faster Decision Making on Applications
- 4 years 10 months ago
- Lending, Investment, Compliance
Nucleus Commercial Finance today announces it has digitised the end-to-end user journey for all finance applications, including loans through the Coronavirus Business Interruption Loan Scheme (CBILS). Following significant investment in technology and a pilot to test it’s capabilities, businesses and brokers now benefit from almost instant decisions on applications up to £250k, ensuring SMEs can secure the funding they need quickly and easily.
Baker Hill Employees Recognized for Leadership, Innovation in Recent Awards Programs
- 4 years 10 months ago
- Lending, Data, Risk Management
Baker Hill, the leading financial technology provider for loan origination, risk management, and analytics, recognizes two employees that were featured in recent industry awards. John Watts, Senior Vice President of Operations, was named a Top Honoree in the Indianapolis Business Journal’s CTO of the Year program. Mike Horrocks, Vice President of Product Management, was named a member of the Tech 25 2020 class, presented by TechPoint.
New Lenders Accredited to British Business Bank Coronavirus Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved BLG Development Finance, Conister, RM Funds and Western Union Business Solutions for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). These new CBILS lenders will be able to provide finance to smaller businesses with turnover of up to £45m that are suffering disruption to their cashflow due to lost or deferred revenues during the Covid-19 outbreak.
Wolters Kluwer’s PPP Forgiveness Module Commences Application Processing
- 4 years 10 months ago
- Lending, Compliance, Data
With the Small Business Administration’s (SBA) Loan Forgiveness Portal now live, Wolters Kluwer Compliance Solutions has started to submit completed borrower loan forgiveness application data directly to the SBA via its
Wolters Kluwer Lien Solutions Urges U.S Lenders to Consider Key Risk Strategies to Support Growth
- 4 years 10 months ago
- Lending, Risk Management
In the wake of an expected wave of defaults by U.S business borrowers, the nation’s lenders are best advised to apply risk management practices to set the stage for long-term growth when issuing new loans and participating in federal lending programs.
EQ Credit Services Delivers Digital Loan Management Platform for MYJAR
- 4 years 10 months ago
- Lending
EQ Credit Services (EQCS), the UK’s leading consumer credit technology and outsourced services provider, today announces it has delivered a flexible loan management solution for direct online lender, MYJAR.
Coronavirus Loan Schemes Benefiting Businesses in All Corners of UK, Reveals New Analysis From British Business Bank
New data published today reveals the regional distribution of loans under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). The data, published by the British Business Bank, shows that the proportion of overall loans in each of the nine English regions and three Devolved Nations matches closely their respective share of the UK business population.
