Gatehouse Bank Announces Criteria Changes on Selected Buy-to-Let Purchase Plans
- 6 months 2 days ago
- Lending
Gatehouse Bank has today announced a series of criteria updates and reduced documentation requirements across selected Buy-to-Let Purchase Plans. The Bank has reduced the minimum level of experience required for landlords looking to purchase Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). Customers will now be required to provide a minimum of one years’ experience as a residential landlord, regardless of the property... more
Clay Selects GoCardless to Streamline Loan Disbursements and Repayments at Scale
- 6 months 3 days ago
- Lending
Clay, an AI-driven credit and debit-as-a-service company, has selected bank payment company GoCardless to simplify its payments.
Paymentology Launches PayCredit to Power Credit Innovation for Digital Banks and Fintechs
- 6 months 3 days ago
- Lending
Paymentology, the leading global issuer-processor, has launched PayCredit, an advanced credit ledger platform designed to help financial institutions deliver tailored, feature rich credit products at speed, overcoming the limitations of legacy and core banking systems.
MoneyHash Partners With Tabby to Enable BNPL for Merchants Across MEA
- 6 months 5 days ago
- Lending
MoneyHash, the first and leading payment orchestration platform in emerging and global markets, has partnered with Tabby, the Saudi Arabia–headquartered financial services app. This collaboration offers merchants seamless access to flexible Tabby payments across the UAE and KSA through MoneyHash’s unified API.
Parlay Finance and First Internet Bank Join Forces to Modernize SBA Lending
- 6 months 1 week ago
- Lending
Parlay Finance announced today a partnership with First Internet Bank to deploy its AI-native Loan Intelligence System (LIS). The move allows the bank's Small Business Administration (SBA) lending operations team to eliminate manual tasks and gain deeper insights for loan decisioning.
Finastra’s Americas Lending Day Highlights Digital Innovation, Market Growth, and Customer-Centric Strategies
- 6 months 1 week ago
- Lending
Finastra, a global leader in financial services software, hosted its third annual Americas Lending Day in New York on September 18, bringing together industry leaders, clients, and technology innovators to explore the future of lending.
Happy Money Expands Capabilities of Hive, Its Proprietary Lending Platform Powering Faster Credit Decisions and Partner Growth
- 6 months 2 weeks ago
- Lending
Happy Money, a leading consumer finance company dedicated to empowering individuals through responsible lending, today unveiled upgraded capabilities to its proprietary lending platform, Hive, which powers its borrower and funding partner ecosystem. Since enhancing the platform, Happy Money has driven faster credit decisions, reduced borrower friction and increased monthly loan originations more than 400% year to date.
LemFi Launches AI-Powered “Send Now, Pay Later” Service, Combining Credit and Remittances for UK Immigrants
- 6 months 2 weeks ago
- Lending
LemFi, the leading AI-powered international payments platform dedicated to building financial products and services for immigrant communities, today announced the launch of Send Now, Pay Later (SNPL), a credit-powered remittance product that allows its 2 million+ global customers to use their LemFi credit line to send money home to their families when they need it most.
ID Finance and myTU Partner to Deliver Instant Loan Payouts with Programmable Banking Infrastructure
- 6 months 2 weeks ago
- Lending
ID Finance, one of Europe’s fastest-growing fintechs and the leading alternative lending platform in Spain and Mexico, has partnered with digital banking provider myTU to reinforce its payment infrastructure and ensure uninterrupted customer service. The partnership enabled ID Finance to deploy instant loan payouts within a single business day, avoiding a potentially costly disruption.
Royal Bank of Scotland Reveals Plan to Launch IP-Backed Loans to Fuel Scottish Growth and Innovation
- 6 months 2 weeks ago
- Lending
The Royal Bank of Scotland (RBS) has revealed plans to launch the first IP-backed loans for high growth businesses in Scotland – allowing them to access vital funding using the value of their Intellectual Property as collateral, instead of traditional physical assets. It follows a change in Scottish law earlier this year whereby the Moveable Transactions (Scotland) Act 2023 took effect, giving lenders the ability to accept effective security... more
UK Fintech Abound Lends Over £1bn as It Reshapes UK Personal Finance Market
- 6 months 2 weeks ago
- Lending
UK credit technology company Abound has passed £1 billion in total lending volume, less than five years after launching. The London-based fintech uses Open Banking and AI to analyse customers’ bank transactions in real time. This provides a more accurate view of affordability compared to traditional credit scores, which often rely on statistical averages and limited data.
Embedded Finance In A Single Sprint: Worldpay Launches Embedded Lending, Banking And Card Issuing For Platforms Partners
- 6 months 3 weeks ago
- Lending
Worldpay® has launched the Embedded Finance Engine, a new suite of best-in-class financial service products that its software platform partners can quickly integrate to drive higher retention and revenue growth while streamlining their tech stacks and ecosystems.
Business Loan Capital (BLC) Chooses LenderAI to Streamline Originations in Its Bridge Lending Business
- 7 months 6 days ago
- Lending
iBusiness Funding announced today a new partnership with Business Loan Capital (BLC), a private, non-bank, direct real estate lender. Leveraging iBusiness Funding’s LenderAI solution, BLC can now originate and process bridge loans faster and with greater transparency, enabling them to scale their lending business and originate more loans.
Finova Unveils New Specialist Buy-to-Let Platform, Enabling Lenders to Launch Products in Four Months
- 7 months 1 week ago
- Lending
Finova, the UK’s largest cloud-based mortgage and savings software provider, has today announced the launch of its new pre-configured specialist buy-to-let (BTL) origination solution for lenders.
Tuum and Abwab.ai Partner to Deliver End-to-End SME Lending Solutions in the Middle East
- 7 months 1 week ago
- Lending
Tuum, a next-generation core banking platform provider, today announced a strategic partnership with Abwab.ai, a leading AI-driven financial services enabler, to deliver a seamless, end-to-end digital lending solution for Small and Medium Enterprises (SMEs) across the Gulf Cooperation Council (GCC).
