Allica Doubles Maximum Loan Size to £10M and Provides Further Support to Care Home Market
- 3 years 5 months ago
- Lending
Allica Bank, the fintech challenger bank dedicated to supporting established SMEs, has doubled its maximum commercial mortgage loan size from £5 million to £10 million as it looks to ramp up support for business owners in a challenging market. In what is the largest percentage increase in the bank’s history, the new £10 million limit will cover both single loans and the combined value of multiple loans to the same customer.
Digital Lending Platform Market Revenue to Cross $59B by 2032
- 3 years 5 months ago
- Lending
As per a recent industry report put forward by Global Market Insights, Inc. Digital Lending Platform Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 59 billion by 2032 with a projected CAGR of 20.5% over 2023-2032.
Cloud-native Issuer Processor Enfuce and Orka Ventures Launch Market-first Consumer Lending Offering
- 3 years 5 months ago
- Lending
Pioneering issuer processing powerhouse, Enfuce, today announces a new partnership with Orka Ventures, the Nordic-Czech fintech holding company, to launch Orka Card, a new consumer lending card and mobile app that challenges the traditional understanding of ‘Buy Now Pay
Biz2Credit Small Business Lending Index™ Reports Little to No Growth in Business Loan Approval Percentages in 2022
- 3 years 5 months ago
- Lending
Small business loan approval percentages at
LenDenClub Appoints Nirmal K. Rewaria as Chief Business Officer – Investments
- 3 years 5 months ago
- Lending
LenDenClub, India's largest Peer-to-Peer Lending platform, with its vision to drive financial inclusion, is building a formidable leadership team as it prepares for its next growth phase. To this effect, the RBI registered NBFC-P2P has made a key leadership appointment and hired Nirmal K. Rewaria as its Chief Business Officer - Investments.
LHV UK Starts Issuing SME Loans After Gaining Annex I Registration From the FCA
- 3 years 6 months ago
- Lending
LHV UK (or the 'Company') announces it will today start issuing Small Medium Enterprise ('SME’) loans as the Financial Conduct Authority (the 'FCA') approved the Company's Annex I financial institution registration, a prerequisite to issuing loans in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
Azentio Software Wins the Best Digital Lending & Collections Implementation Award at IBSi Global FinTech Innovation Awards 2022
- 3 years 6 months ago
- Lending
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Best Digital Lending and Collections Implementation Award for the Most Impactful Project’ at the 4th edition of the IBS Intelligence (IBSi) Global FinTech Innovation Awards 2022.
UK LendTech Leader DivideBuy Reports Encouraging Sales at Black Friday 2022
- 3 years 6 months ago
- Lending
DivideBuy, the leading UK Point of Sale (POS) finance pioneer, has today revealed continued sales success for Black Friday 2022 following a strong 2021, with an increase in gross sales and a 12.8% increase in gross merchant value from previous years.
Freedom Finance Launches Improved Auto Finance Service Strengthening Embedded Lending and Consumer Marketplace
- 3 years 6 months ago
- Lending
Freedom Finance, the award winning embedded lending and digital lending marketplace, is delighted to announce that it has launched an improved auto finance service to provide greater choice for customers. Customers will enter a bespoke vehicle finance journey that allows Freedom Finance to better identify their needs and provide customers with more accurate auto finance options that suit their personal circumstances.
Biz2Credit Small Business Lending Index™ Reports Loan Approval Percentages Dropped at Banks and Credit Unions in November
- 3 years 6 months ago
- Lending
Small business loan approval percentages at
finova Payment and Mortgage Services Adds StrideUp to Lender Panel
- 3 years 6 months ago
- Lending
finova Payment and Mortgage Services today announces its partnership with home finance provider, StrideUp, extending the range of lending products available to finova’s directly authorised (DA) broker club.
Rapid Finance Announces Availability of API Service to Support State-Level Business Lending Disclosure Requirements
- 3 years 6 months ago
- Lending
Rapid Finance, a market leader in helping small businesses find sustainable and customized financing solutions through a fast and simple application process, announced the availability of its new standalone Software as a Service (SaaS) Regtech module, SMB Disclosure Service, to enable business lenders and financing companies to quickly and easily produce compliant disclosure statements at a state-by-state level.
Disclosure Direct for Salesforce Helps Lenders Comply with New Commercial Lending Regulations
- 3 years 6 months ago
- Lending
Northteq, Inc., a leading provider of Salesforce loan origination solutions, announced that its new commercial lending disclosure application, Disclosure Direct for Salesforce, is now available for commercial and equipment finance lenders.
Indirect Lending Expected to be a Top Trend for Community Banks to Watch in 2023
- 3 years 6 months ago
- Lending
Teslar Software, provider of lending process automation tools for community financial institutions, today shared commentary on what most significantly impacted the lending landscape in 2022 as well as the primary trends for community institutions to watch for in 2023. More community banks will embrace indirect lending to diversify portfolios and keep business local.
Jocata Announces Pan-India Launch of AI/ML based Score ‘SME DNA’ to Power Banks and NBFCs to Scale Priority Sector Lending
- 3 years 6 months ago
- Lending
On the occasion of International Day of Banks, celebrated globally by the banking fraternity on December 4, B2B lending and compliance fintech Jocata announced pan-India rollout of SME DNA score, a proprietary AI/ML based risk and business intelligence score – after having successfully beta tested the model on the GSTN filings of over 20,000 MSMEs with two of the top Indian private lenders and one of the largest development banks in the country.
