Lending Industry Must Be Alert to Poor Consumer Outcomes as Millions Still Not Shopping Around for Credit
- 3 years 10 months ago
- Lending
Fifteen million UK borrowers have a ‘poor understanding’ of how to compare loan costs • 40% who took out personal loans did not compare the rate available with other providers, and 23% did not know the “rough” APR on the loan they had taken out • Freedom Finance matches people to loans they are eligible for at the best possible rates
The ‘Pink Tax’ Found to Be a Barrier for Women Investing in Long-term Savings
2 in 5 men and women believe it costs more to be a woman because of the ‘pink tax’ The majority of survey respondents believe it costs more to be a woman because women are under more pressure to consume than their male counterparts (46% female and 41% male) 14% of female respondents believe that life being more expensive as a woman is a key barrier women experience when saving for retirement, compared to 9% of male respondents
Yooz Named Top Performer in the Winter 2022 Accounts Payable Software Customer Success Report
Yooz has been named a Top Performer in the Accounts Payable Software category for the Winter 2022 Customer Success Report published by FeaturedCustomers. FeaturedCustomers is the leading customer success content marketing platform for B2B business software & services helping potential B2B buyers make informed purchasing decisions through vendor validated customer success content such as customer testimonials, success stories, case studies,... more
TotallyMoney Launches new Cashplus Credit Card to Close the £6Bn SME Lending Gap for UK’s 3.2 Million Sole-traders
- 3 years 10 months ago
- Lending, Credit Cards
TotallyMoney, the credit app which helps everyone move their finances forward, has partnered with Cashplus, the leading SME-focused digital challenger to launch its new, market-leading cashback credit card.
finova Bolsters Its Servicing Proposition With Migration to Microsoft Azure
Leading fintech provider finova fully migrates its servicing solution to the cloud using cloud computing service, Microsoft Azure The enhanced product has built-in security controls, advanced self-serve features and leverages finova’s API gateway for rapid third-party integration The proposition is integrated to finova’s market-leading Apprivo2 core banking platform
DataLend: $634 million in Securities Lending Revenue in February 2022
- 3 years 10 months ago
- Lending
Corporate Debt Lending Revenue Doubles Year Over Year The global securities finance industry generated $634 million in revenue for lenders in February 2022, according to DataLend, the market data division of fintech EquiLend. The figure represents a less than 1% increase year over year from the $631 million generated in February 2021.
Bethpage Federal Credit Union To Go Live With Scienaptic’s AI-Powered Credit Decisioning Platform
- 3 years 10 months ago
- Artificial Intelligence, Lending
Initial tests show potential for 70-90% increase in automated decision-making and double-digit increases in credit approvals for card and auto portfolios
TreviPay Announces Acquisition of BATON Financial Services, Inc.
- 3 years 10 months ago
- Lending, Trading Systems, Banking
Acquisition aims to better serve small B2B businesses struggling to manage cash flow, provide trade credit to buyers
Virgin Money Introduces Paylink Solutions’ Affordability Platform Across Its Lending Products
- 3 years 10 months ago
- Lending, Platform Technology
Virgin Money has enhanced the way customers who have fallen into arrears provide their income and expenditure (I&E) information as part of a new digital affordability platform, delivered by Paylink Solutions. The customised software brings Virgin Money’s operations together as part of a consistent affordability system for agents and customers to self-serve.
Fabrick and Valocity Commence New Sales Partnership Agreement to Bring Australasia’s Foremost Property Valuation Solution to Europe
- 3 years 10 months ago
- Lending
Valocity’s world class property valuation solution that has powered over $1 trillion worth of lending decisions, will now be available to European banks, allowing them to streamline mortgage approval for seamless customer experiences Fabrick has become Valocity’s first partner in Europe and plans to make Valocity APIs available within the Fabrick Open Finance ecosystem
Tradeplus24 Launches into UK with Close of £30M Debt Facility from PFG
- 3 years 10 months ago
- Lending
Global SME lending fintech Tradeplus24 is launching into the UK with the close of a £30 million debt facility provided by San Francisco-headquartered global credit fund, Partners for Growth (PFG), with advice offered by debt advisory, Neu Capital.
Robocash Group Earns 327.9 M Usd in Revenue in 2021, More Than Double Since 2020
- 3 years 10 months ago
- Lending
The international fintech holding Robocash Group has shared its financial and operational results for the FY2021. Surpassing the initial plans for the previous year on multiple accounts, including loan disbursements and revenue, the Group plans new product launches and unit economics optimisation in 2022.
Nordigen Is Kintai’s Choice of Provider for Open Banking Transaction Data
- 3 years 10 months ago
- Lending, Open Banking
Instant SME lending platform,
Blend Network Secures Backing From Top Business and Finance Figures In Latest £10m Funding Round
- 3 years 10 months ago
- Lending, Investment
Investors recognize the exciting potential for Blend’s product to digitize the property lending market Provides “Origination-as-a-Service” to family offices seeking to invest in development finance loans Brings much-needed modernization and increased efficiency to the property lending process Funding will facilitate further growth, with Blend’s lending doubling every year since 2019
Bectran Inc Awarded TRUSTe Privacy Certification Seal, Demonstrating Commitment to International Data Protection
Credit, Collections & Accounts Receivable Software leader Bectran, Inc today announced that it has been awarded the TRUSTe Privacy Certification Seal for the 6th year running.
