Atom bank Partners with Codat to Continue Support for SMEs during COVID-19
Atom, the UK’s first app-based bank has joined forces with Codat to simplify their business lending process. The partnership will see Codat provide their universal API, for small business financial data, which will enable Atom to directly integrate with business customer’s accounting platforms, removing the need for manual submissions. This will result in a streamlined onboarding process and enable Atom to make faster and better-informed funding... more
Robocash Group Earned 16 Mln USD in 9 Months of 2020 and Shared Changes of Its Plans
- 4 years 7 months ago
- Lending
The group has published the results for January-September 2020. Despite the challenging time, it has improved its portfolio quality and all the performance indicators, by optimizing the core business processes.
FICO Examines Potential Government Strategies for Tackling Bounce Back Loan Fraud
- 4 years 7 months ago
- Covid-19, Lending, Fraud Detection
Matthew Cox, Managing Director EMEA, Fraud, Security & Financial Crime, FICO looks at strategies the government could consider in response to reports suggesting Bounce Back Loan fraud could cost 15-26 billion pounds
iwoca to Lend Over £200 Million to SMEs Before CBILS Applications Close in January
iwoca, one of Europe’s largest small business lenders, has laid out its ambitions to lend an additional £100 million to businesses through the Coronavirus Business Interruption Loan Scheme (CBILS) before applications close on 31st January 2021. This will bring its total lending to over £200 million.
Visa Selects Aire to Provide First-Party Credit Insight Through New Fintech Partner Programme
- 4 years 7 months ago
- Lending, Data, FinTech StartUps
Aire, the
ThinCats and Salt Edge to Bring Open Banking Benefits to SME Lending
- 4 years 7 months ago
- Lending, Open Banking
ThinCats, a UK-based alternative lender to mid-sized SMEs, has partnered with Salt Edge, a leader in offering Open Banking solutions, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes.
ThinCats to Implement nCino’s Digital Banking Platform to Improve the SME Lending Experience
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that leading alternative mid-sized business lender, ThinCats, is expanding its use of the nCino Bank Operating System® across its wider SME lending
Bounce Back Loan Scheme Top-Ups Open for Eligible Businesses
From today, participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer smaller businesses across the UK a ‘top-up’ to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them. The Bounce Back Loan top-up will be available from several large lenders from today, with other lenders anticipated to make the top-up available in due course.
OMNIO KESHO Partners With Credit Kudos to Expand Credit Union Services Portfolio
- 4 years 7 months ago
- Lending
Omnio, the Banking as a Service platform FinTech, has announced that its credit union business KESHO has agreed a partnership with Credit Kudos, an FCA-authorised challenger credit reference agency and Open Banking Account Information Service Provider (AISP). Through Credit Kudos’ direct connections to the UK’s largest banks - via Open Banking - the company helps lenders, brokers, and financial institutions make better and faster credit... more
iwoca Makes Its “Buy Now, Pay Later” Product Free for SMEs During Lockdown
iwoca, one of Europe’s largest small business lenders, announces that its invoice payments product – iwocaPay – will be free throughout the UK’s second national lockdown to support small businesses impacted by coronavirus.1
British Business Investments Announces New £30 Million Commitment to Back UK SMEs through Funding Circle’s UK SME Direct Lending Fund
British Business Investments, a commercial subsidiary of the British Business Bank, today announces a £30 million commitment to support UK small businesses through Funding Circle’s UK SME Direct Lending Fund.
UK Consumers Struggled to Reach Lenders About Payment Problems in Pandemic
New FICO research [1] reveals that 1 in 10 UK borrowers found it hard to get assistance during the first phase of the pandemic; financial service providers need to be better equipped to offer support as extension of payment holidays come into force this week Highlights Motor finance customers faced the greatest challenge making contact with their lender at the start of the pandemic at 33 percent
N Brown’s Deployment of Affordability Insights from Aire Surpass 40,000 New Customer Credit Applications
- 4 years 7 months ago
- Lending
Aire, the credit insight service, today announced that its affordability assessment has helped N Brown Group PLC improve credit decisioning for more than 40,000 new customer credit applications. The first partnership of its kind in the digital retail sector, Aire now supports credit applications across all of N Brown’s brands, including Jacamo, JD Williams, Ambrose Wilson and Simply Be - as well as their newest brand, Home Essentials.
GenZ Most Reliant on Credit as UK Population Continues to Struggle Financially
- 4 years 7 months ago
- Covid-19, Lending, Personal Finance
People in the UK continue to feel the strain on their finances due to COVID-19 with those aged 18 to 24 most affected - according to credit reference agency Credit Kudos’ second Borrowing Index, which drills down into the nation’s current borrowing behaviour. The survey of 2,000 people across the UK found that almost two in five (37%) of the youngest adults have seen their finances impacted (compared to 26% across the UK), while 43% had to... more
Smartr365 Partners with Digidentity for Digital ID Verification
- 4 years 7 months ago
- Digital Identity, Lending
Smartr365, the end-to-end mortgage platform, has today announced a new exclusive partnership with Digidentity, the mortgage market’s premium digital ID provider.
