Biz2Credit Small Business Lending Index™ for October Finds Loan Approval Rates Rose at Banks and at Non-Bank Lenders for Sixth Straight Month
Small business loan approval percentages at big banks ($10 billion+ in assets) increased from 14% in September 2021 to 14.1% in October.
eKeeper and Burrow Rebrand to finova Broker Platform
Rebrand follows years of significant investment in the platform Recent innovation has resulted in an 80% growth in the platform’s user base Fintech provider finova, formally DPR Group, today announces the rebrand of eKeeper and Burrow to finova Broker Platform - offering brokers a range of digital solutions to enhance their efficiency as well as their customer experience.
Twenty7Tec Releases Mortgage Market Report – October 2021
- 3 years 8 months ago
- Lending
Twenty7Tec, the market-leading mortgage tech provider, has released its monthly findings from the UK mortgage market for October. Key findings for October 2021 include:
Minterest To Be Deployed On Moonbeam, In Line With Its Vision of Creating a Fairer, More Inclusive DeFi System
- 3 years 8 months ago
- Lending
The news follows Minterest’s recent $6.5m raise to create a new, fairer DeFi structure that puts users first Minterest, a value-capturing lending and borrowing protocol designed to make DeFi fairer for users, has announced that it will be deployed on Moonbeam, an Ethereum-compatible smart contract parachain on Polkadot.
CFPB Finds Credit Report Disputes Far More Common in Majority Black and Hispanic Neighborhoods
- 3 years 8 months ago
- Lending, Data Protection
Report Provides Additional Insight into Previously Observed Trends
Online Mortgage Broker Finds New Home In the Heart of Manchester
- 3 years 8 months ago
- Lending
Mojo Mortgages has announced it will be relocating its head office to Manchester city center as the business enters its next phase of growth. The online mortgage broker, based in Macclesfield prior to the pandemic, has been operating as a remote-first business over the past 18 months with new members of staff joining the team from across the UK. The new office will provide a hub for staff to collaborate and provide a space for those who wish to... more
Levo Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform to Enhance Loan Approvals and Member Experience
- 3 years 8 months ago
- Artificial Intelligence, Lending, Credit Cards
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Levo Credit Union has chosen its AI-powered platform, enabling the credit union to make faster loan approvals, reaching more members, increasing loan approval rates and enhancing member experience.
Atom Bank Launches Fixed Rate Secured Loans for Businesses
Atom, the UK’s first app-based bank, which has provided funding for over £1bn in lending to UK SMEs, has now launched fixed rate secured loans for businesses. Available from 27 October, the products complement Atom’s existing variable rate secured business loans and its partnership with Funding Circle to support unsecured lending to SMEs.
New Mortgage Lender Generation Home Has Teamed Up With Twenty7Tec to Enable More First-time Buyers to Realise Their Dream of Homeownership.
- 3 years 8 months ago
- Lending
Generation Home provides better ways to buy with support from family. Family or friends can provide deposit support by way of an equity loan, and income support by going on the mortgage (up to 6 incomes).
Mastercard Introduces Accessible Card for Blind and Partially Sighted People
2.2 billion people around the world have visual impairments Unique notches on the Touch Card’s short side allow the person to distinguish it between a credit, debit or prepaid card
Hyland Named a Leader in the 2021 Gartner® Magic Quadrant™ for Content Services Platforms
- 3 years 8 months ago
- Lending
Report evaluates content services vendors’ Completeness of Vision and Ability to Execute Hyland has been named a Leader in the 2021 Gartner® Magic Quadrant™ for Content Services Platforms*, marking the 12th consecutive year Gartner has recognised Hyland as a Leader within the evolved content services report.
Recovery Loan Scheme Offers Over £1Bn to Smaller Businesses
£1.06bn offered through almost 6,200 facilities to smaller businesses across the UK Over 5,100 facilities have already drawn down, providing £823m of funding The British Business Bank announces today that the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered over £1bn to smaller UK businesses as they steer a path towards a sustainable recovery.
Cynergy Bank Lends a Total of £317m in Coronavirus Business Interruption Loan Scheme (Cbils) Loans
Cynergy Bank lends a total of £317M in Coronavirus Business Interruption Loan Scheme (CBILS) loans Cynergy Bank has successfully loaned over £317m to SMEs through the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS). Across 157 loans, 82 were for existing customers (£127.430m) and 75 to new clients (£189.661m) which supported businesses across the UK including many in the property, hospitality and healthcare sectors.
Robocash Secondary Market Transactions Increased 11 Times in a Year
- 3 years 8 months ago
- Lending, P2P Lending
More than 50% of European P2P platforms provide an opportunity to sell or buy loans in the secondary market. Of those that publish market statistics, 66% confirm these transactions exceeding the level of 2020. The number of investors choosing a secondary market option ranges up to 74% of all investors on the platform.
Gujarat Witnesses 86% Rise in P2P Investments: LenDenClub Data
- 3 years 8 months ago
- Fundraising News, Lending, P2P Lending
Investment in Peer-to-Peer (P2P) Lending has witnessed a rise of 86% in Gujarat as per consumer analysis of LenDenClub, India’s largest P2P lending enterprise as compared with the previous year. LenDenClub analysed its data, drawing insights into the investment patterns and behaviours of investors in the state of Gujarat. The analysis was conducted on its active overall investor base of over 06 lakh for nine months starting from January 2021 to... more
