Citi Brings New Lending Opportunities to Sweden with Launch of Citi Securities Lending Access™
- 2 years 4 months ago
- Lending
Today, Citi Securities Services announced Nordnet AB (Nordnet), the leading pan-Nordic digital platform for savings and investments, as the first Swedish client to start lending through its innovative Citi Securities Lending Access platform. The solution will enable Nordnet to expand its already successful securities lending programme to new markets and new client segments.
Jack Henry Recognized for Lending Innovation in FinTech Breakthrough Awards Program
- 2 years 4 months ago
- Lending
Jack Henry™, today announced that its LoanVantage solution has been selected as the winner of the "Best Loan Origination Platform" award in the 7th annual FinTech Breakthrough Awards program.
Ohio-Based Bank to Digitize Lending and Support Growth with Teslar Software
- 2 years 4 months ago
- Lending
Merchants National Bank and Teslar Software today announced their partnership to streamline the bank’s lending processes, replacing manual tasks with robust automated workflows and supporting strategic growth efforts.
Rapid Finance Announces Availability of Unified Digital Business Lending Platform, Decisioneer
- 2 years 4 months ago
- Lending
Rapid Finance, a market leader in helping small businesses find sustainable and customized financing solutions through a fast and simple application process, announced the rebrand of its recently acquired digital end-to-end lending platform, Thrive, to Decisioneer.
ConTe.it Prestiti Partners with Tink to Improve its Lending Process with Instant Income Verification
- 2 years 4 months ago
- Lending
ConTe.it Prestiti, a new venture in the credit sector of Admiral Group Italy, has partnered with Tink, Europe’s leading open banking platform, to offer customers in ConTe.it Prestiti’s network an improved and instant lending application process. ConTe.it Prestiti, a lending fintech platform, has embedded Tink’s Income Check product into its current offering, in order to make more accurate affordability assessments.
B2B Credit Decisioning Tool Fuse Offers Lenders Clearer Insights and 97% Accuracy in Affordability Tests
- 2 years 4 months ago
- Lending
Business credit decisioning tool Fuse by Pave offers lenders 97% accuracy in affordability tests, clearer insights into consumer affordability, reduced rate of defaulted loans, and improvements to borrower outcomes.
CRIF and iwoca Unite to Bring Open Banking-powered Instant Lending to UK Small Businesses
- 2 years 5 months ago
- Lending
More UK small and medium-sized businesses (SMEs) will be able to get instant decisions on lending applications, helping to ease the pressure of the cost of living crisis and boost economic recovery. The innovation has been made possible through a new partnership between top fintech business lender, iwoca, and CRIF, Europe’s leading credit information provider.
FCA Urges UK Banks to Consider Cutting Mortgage Payments - Tink Comment
- 2 years 5 months ago
- Lending
The FCA’s call for flexibility on mortgage repayments to support struggling homeowners highlights the financial stress many people in the UK are currently experiencing. Tink’s research shows that nearly one in four (24%) Brits have already missed, or expect to miss, a mortgage or rent payment due to the rising cost of living. But there are ways that banks can harness financial technology to help support people in challenging economic times.
Business Lender Sonovate Surpasses £3.5B in Funding to Support Customers During ‘Cost of Running a Business’ Crisis
- 2 years 5 months ago
- Lending
Fintech lender Sonovate has surpassed £3.5bn in total funding and £1 billion in annual funding for the first time as rising costs force businesses to seek finance to manage cashflow and drive growth.
Finastra’s ESG Service Will Support Banks in Delivering a Sustainable Lending Experience to Corporate Clients
- 2 years 5 months ago
- Lending
Finastra today announced the availability of its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. Open and scalable, ESG Service facilitates the integration of sustainability performance target criteria into ESG pricing for both Finastra Loan IQ and other back-office systems in the market.
Challenger and Specialist Bank Lending Reached Record High of £35.5B in 2022, Finds Latest British Business Bank Research
- 2 years 5 months ago
- Lending
Published today, the British Business Bank’s Small Business Finance Markets 2022/23 report shows £35.5bn of bank lending came from challenger and specialist banks in 2022. This exceeded lending by the major banks during the period, giving challenger and specialist banks a 55% share of the market Gross bank lending increased by 12.8% in 2022, however, net lending fell by £8.5bn in large part reflecting repayment of Covid loans.
Freedom Finance Renews Partnership with the Centre for Social Justice Until 2025
- 2 years 5 months ago
- Lending
Freedom Finance, one of the UK’s leading digital lending marketplaces, is renewing its partnership with independent, award-winning think tank the Centre for Social Justice (CSJ) until 2025.
Penn Community Bank Deploys the Lenders Cooperative Loan Origination System to Streamline Loan Processing and Enhance Customer Experience
- 2 years 5 months ago
- Lending
Penn Community Bank, the largest mutual bank in eastern Pennsylvania,
Surge in Personal Loan Requests as Consumers Consolidate Their Debts
- 2 years 5 months ago
- Lending
UK consumer lender Fluro has today launched the first edition of its quarterly “Consumer Lending Newsflash”, examining current trends across UK consumer lending by analysing data from its market-leading technology stack.
Froda, Lunar and Visa Unveil Innovative SME Lending Solution
- 2 years 5 months ago
- Lending
Access to financing has long been a major hurdle for businesses eyeing growth. Against this backdrop, Visa, Froda and Lunar are announcing a global partnership and launching a new, innovative technology aimed at resolving these issues – for good. The product, which for the first time utilizes push-payment functionality for financing, aims to reduce transaction times to mere seconds. Ordinarily, this process would have taken months.
