PPRO Partners with Afterpay to Offer a Buy Now, Pay Later Payment Solution to US Consumers
- 2 years 1 month ago
- Lending
PPRO, the leading local payments platform, has today announced its partnership with Buy Now, Pay Later (BNPL) provider Afterpay. This will enable US, Europe, China and Hong Kong-based e-commerce merchants and payment service providers (PSPs) to sell directly to US consumers using Afterpay.
Jaja One of the first UK Fintechs to Launch a Gen AI Chat Assistant Using Anthropic’s Claude 3 Model Family on Amazon Bedrock
- 2 years 1 month ago
- Artificial Intelligence, Lending
Jaja Finance (“Jaja”) has today become one of the first UK fintechs to launch a Generative Artificial Intelligence (Gen AI) chat assistant using Anthropic’s state-of-the-art Claude 3 model family, accelerating the fintech’s journey to becoming the UK’s leading digital lender.
TRIVER and Experian Join Forces to Boost Lending to Small and Medium Sized Businesses
- 2 years 1 month ago
- Lending
Businesses looking for short-term capital can access funding in rapid time thanks to a new partnership between Experian and alternative lender, TRIVER. TRIVER aims to revolutionise the SME lending process by underwriting the risk of small business borrowing quickly and easily, providing advances on business invoices at any time.
High-street Lenders Neglecting Women-led Enterprises, New Study Finds
- 2 years 1 month ago
- Lending
Research from independent SME funder Bibby Financial Services (BFS) finds that women business leaders are facing gender inequality in commercial lending, which is hampering the growth ambitions of many SMEs.
M&T Bank Expands Use of nCino with Adoption of Continuous Credit Monitoring Solution
- 2 years 1 month ago
- Lending
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that M&T Bank Corporation (“M&T”) an existing and long-standing nCino customer, is expanding its use of the nCino platform and integrating nCino’s Continuous Credit Monitoring Solution into its operations.
Over 3M People in UK Admit to Borrowing from an Illegal Lender in the Last Year
- 2 years 1 month ago
- Lending
Over 3m people across the UK admit they have been forced to borrow from illegal lenders in the last 12 months, reveals research from responsible lender Creditspring. A third (31%) of people in the UK say they currently feel stuck and that there is nothing they can do to improve their financial situation** – this has led to almost one in twelve (6%) UK adults to borrow from an illegal lender in the past 12 months.
Gen Z Consumers Are Using Credit More, and Differently, than Their Millennial Counterparts at the Beginning of their Credit Journeys
- 2 years 1 month ago
- Lending
Gen Z consumers are tapping into credit at higher levels than their Millennial counterparts did in the early stages of adulthood (ages 22-24). TransUnion released these findings today at the company’s 2024 Financial Services Summit, attended by nearly 300 global financial services executives.
GoTyme Bank’s Shareholders Acquire SAVii, the Largest Fintech Salary Lender in the Philippines
- 2 years 1 month ago
- Lending
GoTyme Bank, one of the fastest-growing banks in the country, is set to propel the expansion of its payroll-enabled financial products through the recent acquisition of SAVii by GoTyme’s major shareholders.
Network International Rolls Out Mastercard Installments Across the UAE
- 2 years 2 months ago
- Lending
Mastercard and Network International, the leading enabler of digital commerce across the Middle East and Africa have collaborated to roll out Mastercard Installments in the UAE. The program, which is now available across merchants in the UAE, gives consumers the flexibility to split their purchases into installments across Mastercard’s merchant network – online and in-store.
Topps Tiles Selects GoCardless to Launch Its Strategic Trade Pay offering, Deepening Its Footprint in the Trade Market
- 2 years 2 months ago
- Lending
Topps Tiles, the UK’s number one tile specialist, has tapped bank payments company GoCardless to power the payments behind Trade Pay, its newly launched trade credit scheme which gives traders the ability to regularly pay on credit in Topps Tiles stores.
Plend and Monevo Partner to Provide More Inclusive Lending Options
- 2 years 2 months ago
- Lending
Plend, a UK-based consumer lender, has partnered with Monevo, an innovative credit eligibility and distribution platform, empowering over 150 credit providers and banks to host, manage and distribute pre-qualified credit offers. The partnership aims to provide more inclusive lending options by offering pre-qualified personal loans to customers across the UK, utilising Plend's proprietary technology.
How Making One BNPL Purchase Per Week Could Require 300+ Separate Payments Each Year
- 2 years 2 months ago
- Lending
With more than 14 million people in the UK using buy now pay later (BNPL), TotallyMoney investigates the different payment structures, and asks if complexity and a lack of consistency and regulation are leading to millions of people struggling to manage payments: The average customer makes 4 BNPL transactions per month — resulting in 12 separate payments for the typical ‘pay in three’ plan
Nuvo Enhances Credit Application Software with Equifax Commercial Credit Information
- 2 years 2 months ago
- Lending
Nuvo, the fastest trade credit management platform for B2B sellers, has announced a strategic relationship with Equifax®, a leading global data, analytics and technology company.
Together Selects nCino to Revolutionise its Lending Business
- 2 years 2 months ago
- Lending
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Together, one of the UK’s leading property lenders, has selected nCino’s Cloud Banking Platform to revolutionise and future-proof its business.
Allica Bank Achieves First Full Year Profit – Just Three Years Since Opening Doors to Lending
- 2 years 2 months ago
- Lending
Allica Bank today released its Annual Report for the year ending 31 December 2023, underlining a period of continued growth, strong financial metrics and watershed achievements. Since opening for lending in 2020, Allica is the UK’s only full-service digital bank built solely for established SME businesses (typically with 5-250 staff, that make up over a third of the UK economy).
