Thought Machine’s Vault Selected to Power Curve Credit
- 5 years 9 months ago
- Lending
Thought Machine announces it has been selected by Curve to power its new credit and loan offering, Curve Credit. Curve Credit is a new startup from banking platform Curve which allows customers to pay for purchases in instalments. The start-up is being launched with an ethos of responsible lending and borrowing.
Venio Launches Operations in Mexico
- 5 years 9 months ago
- Lending
Venio, the mobile application providing "nano-credit" facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico. Venio Aplicaciones de Mexico, the Company’s Mexican business arm, has been established to support Venio’s expansion across the high growth emerging market.
Twenty7Tec Launches CAPTURE Client Portal
Leading mortgage technology provider, Twenty7Tec, announced that it has completed the development of CAPTURE, a client portal that seamlessly integrates with the company’s CloudTwenty7 platform. The innovative portal will allow end customers who are provided access to CAPTURE by their mortgage adviser can enter data about their circumstances that will assist the adviser in both sourcing and applying for a mortgage for that client.
iwoca CEO: A Fully-Charged Fintech Sector Can Drive SME Growth After BBLS Closes
The CEO of iwoca, one of Europe’s largest business lenders, has outlined the need for the fintech industry to be strengthened so it can support the growth of small and micro-businesses after the Bounce Back Loan scheme closes at the end of the year.
Venio Expands Offering Nationwide Across the Philippines
Venio, the mobile application providing "nano-credit" facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao. Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide... more
White Oak Selects Provenir Cloud to Power Business Lending
Provenir, a global leader in risk decisioning and data analytics software, announced today that White Oak has chosen Provenir Cloud technology to support its digitization and innovation strategy, accelerating a move to a fully automated origination process across its business loans and asset finance products.
Barclays and Propel to Provide SMEs With Speedy Access to Asset Finance
- 5 years 10 months ago
- Covid-19, Lending, Asset Management, Banking
Barclays Business Banking has announced that it will be the first High Street bank to partner with Propel, a specialist asset finance provider, to offer equipment and vehicle finance via an online platform to one million of their small and medium sized (SME) customers.
Profitability and Work Within Financial Group Help P2P Platforms Overcome the Crisis
A recent study conducted by the European P2P lending platform Robo.cash has named positive profits in 2019 and work with affiliated loan originators as the 2 key factors for P2P platforms’ success during the crisis. Remarkably, interest rates, funding volumes and the platforms’ experience do not play big roles here.
Masthaven Reveals Value to Its Lending Services for Business During Pandemic
As the UK marks six months since the country went into lockdown, Masthaven Bank has today revealed the extent of its support for its intermediary partners and customers throughout the COVID-19 crisis. Since March, the specialist lender has paid £1.4m in commission to its intermediary partners, providing vital financial support to these individuals and businesses.
ClearBank and Tide Granted £25M to Help UK SMEs Recover From Pandemic
- 5 years 10 months ago
- Covid-19, Lending, Investment, Banking
ClearBank, the cloud-native clearing bank, in partnership with Tide, the UK’s leading business banking platform [1], have been awarded £25m to help UK SMEs turn recovery from the coronavirus crisis into a growth opportunity. The funding will be used to provide financial support and products to help SMEs address the challenges they will face in the post-coronavirus and post-Brexit economic environment and to seize on the opportunities that come... more
Universal Digital Lending Platform by Nets and OpenWay Recognized as “Best Consumer Payments Initiative”
Nets, one of Europe’s leading processors, and OpenWay, a top-ranked digital payments software provider, have won the “Best Consumer Payments Initiative” award from Paytech for their Universal Digital Lending Platform (UDLP).
Financing Platform Marco Raises $26M to Support SMEs in Latin America
- 5 years 10 months ago
- Lending, Investment
Marco Financial—the first tech-enabled financing platform built for small and medium-sized Latin American exporters — announced it has secured $26M in funding and credit that will enable the company to address the $1.5T global trade finance gap that disproportionately impacts small-and medium-sized (SME) businesses. Marco supports SMEs based in Latin America, where a $350 billion trade finance gap blocks many exporters from the U.S. market.
Mortgage Brain Announces New Criteria Live on Criteria Hub
- 5 years 10 months ago
- Lending
Brokers using Criteria Hub can now search across a host of new criteria on the market-leading criteria-based sourcing system from mortgage technology expert Mortgage Brain. Over recent weeks a wide range of new criteria have been uploaded onto Criteria Hub, based on both the firm’s own research and feedback from advisers. The new criteria have all now gone live, after lenders completed the process of supplying the relevant information, opening... more
Paragon Bank to Adopt TruNarrative RegTech Platform to Power Bounce-Back Loans Initiative
Paragon Bank has procured business onboarding and automated due diligence technology services from RegTech firm, TruNarrative. The decision follows Paragon Bank’s recent approval from the British Business Bank, enabling Paragon to deliver bounce back loans to SMEs coping with the Covid-19 economic situation.
Demand of P2P Investors for Long-Term Loans Doubles Since June
- 5 years 10 months ago
- Lending, Investment
The European P2P lending platform Robo.cash has found that the demand of investors for long-term loans offered by its Singaporean loan originator is rising. In August, the platform’s users funded €1.5 mln of these loans, which is twice as much as in June. This might mark a new trend among P2P investors.
