QV Systems and Time Finance Expand Partnership to Provide Finance to High Growth Businesses
- 2 years 10 months ago
- Lending
QV Systems, the SaaS asset finance software provider, has extended its partnership with Time Finance to unify and modernise credit origination to support high-growth businesses. Through the partnership, QV Systems has provided the front and middle-office software to run key operations for Time Finance, helping them to deliver lending and finance solutions to customers.
ClearScore Launches Automated Debt Repayment Technology
- 2 years 10 months ago
- Lending
ClearScore, one of the UK’s leading financial services marketplaces, today announced the launch of ‘Clearer’, a product that automatically repays people’s existing debt when taking out a debt consolidation loan. The first-of-its-kind technology behind Clearer ensures that funds for debt consolidation go directly to paying off debt, thereby ensuring better outcomes for borrowers. Automated debt repayment also reduces risk for the lender,... more
Prodigy Finance Establishes another $350 Million Facility for International Masters Students with Citi, Schroders Capital, and SCIO Capital
- 2 years 10 months ago
- Lending
Prodigy Finance, a social impact-driven FinTech and a leading international student loan lender, is proud to announce a $350 million facility with Citi, Schroders Capital and SCIO Capital. This is the first transaction that Prodigy has closed under their new multi-issuance special purpose vehicle structure.
16 Million Brits Still Don’t Know You Can Get into Debt Using BNPL Services
- 2 years 10 months ago
- Lending
16 million people in the UK are still unaware you can get into debt using ‘Buy Now Pay Later’ (BNPL) services*, according to research from responsible lender, Creditspring. A third of people (31%) still don’t think that BNPL purchases can lead to debt, however, this jumps to over half (51%) for those aged 18-24 who are 29% more likely to use BNPL than then UK average.
Core10 Joins the Jack Henry™ Vendor Integration Program (VIP)
- 2 years 10 months ago
- Lending
Core10, Inc. (Core10), a U.S.-based financial technology company that provides lending, account opening, and BaaS products, as well as software development services, today announced that it is expanding its participation in the Jack Henry™ Vendor Integration Program (VIP).
Decentro Makes its First Acquisition with Neowise to Strengthen Itself in the Lending Infrastructure Space
- 2 years 10 months ago
- Lending
Decentro, a leading fintech infrastructure company, has announced its expansion in the lending infrastructure space through its first-ever acquisition of Neowise. The acquisition, executed in a combination of cash and stock, includes acquiring all assets, mainly its advanced collection suite, and integrating the acquired company as a wholly owned subsidiary of Decentro's India arm. This strategic move strengthens Decentro's position in India's... more
Modulus Launches Technology to Enable Borrowing and Lending in Digital Asset Exchanges
- 2 years 10 months ago
- Lending
Today, Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, announced the launch of its crypto lending and borrowing technologies, which will be available to all clients of the company’s white label exchange solution by the end of the quarter. With this technology, exchanges will be able to offer traders an easy way to earn interest on... more
A Third of Lenders Report Increasing Numbers of Defaulted Loans Over the Last 12 Months
- 2 years 10 months ago
- Lending
A third (32%) of lenders have seen an increase in borrower defaults over the last 12 months, according to new research from AI-powered transaction analytics firm, Fuse.
Extraco Banks Partners with Teslar Software to Modernize Commercial Lending
- 2 years 10 months ago
- Lending
Extraco Banks and Teslar Software today announced their partnership to streamline the bank’s commercial lending process and more effectively balance their portfolio.
Baker Hill Announces its Latest Solution, Baker Hill NextGen® Accelerate
- 2 years 11 months ago
- Lending
Baker Hill, a leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, has launched its newest offering, Baker Hill NextGen® Accelerate, a preconfigured version of their award-winning Baker Hill NextGen® commercial loan origination system (LOS), which features robust and scalable digital capabilities designed for rapi
Capalona Unveils New Business Loan Comparison Platform
- 2 years 11 months ago
- Lending
Capalona.co.uk is excited to announce its new and improved business loan comparison service, which now includes example costs of lender products, rates, monthly loan cost, and total repayable. There’s also now a ‘more details’ expandable panel to give borrowers more product information.
Egypt Post Signs a Partnership Agreement with Qardy to Give SMEs Access to Financing
- 2 years 11 months ago
- Lending
Dr. Sherif Farouk, Egypt Post Chairman, witnessed the agreement between Egypt Post and Qardy, which enables Qardy to provide its services to Small and Medium-Sized Enterprises (SMEs) in Egypt through Egypt Post's network over 4,300 post offices across the Egypt. This partnership agreement was signed by Mr. Khaled Emam, Egypt Post Vice Chairman for Financial Inclusion, and Mr. Abdel Aziz Abdel Nabi, Qardy’s founder, in presence of all executive... more
Interest in Lending Products in SEA Has Risen by 15% Since 2020
- 2 years 11 months ago
- Lending
These are the findings of analysts from Robocash Group who have studied search requests for lending products.
Dock Launches Responsible Credit Solutions to Empower Financial Inclusion
- 2 years 11 months ago
- Lending
Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses to offer an array of flexible, customizable credit and loan products to their customers in a way that encourages responsible financial decision-making.
Almost Two-thirds of UK Consumers Have Used Buy Now, Pay Later Services, Finds Kearney
- 2 years 11 months ago
- Lending
Leading global consultancy Kearney has today announced the latest findings of its European Banking Radar, which includes a survey on the use of BNPL, conducted annually in 12+ European countries since 2020.
