Surge in Personal Loan Requests as Consumers Consolidate Their Debts
- 3 years 1 month ago
- Lending
UK consumer lender Fluro has today launched the first edition of its quarterly “Consumer Lending Newsflash”, examining current trends across UK consumer lending by analysing data from its market-leading technology stack.
Froda, Lunar and Visa Unveil Innovative SME Lending Solution
- 3 years 1 month ago
- Lending
Access to financing has long been a major hurdle for businesses eyeing growth. Against this backdrop, Visa, Froda and Lunar are announcing a global partnership and launching a new, innovative technology aimed at resolving these issues – for good. The product, which for the first time utilizes push-payment functionality for financing, aims to reduce transaction times to mere seconds. Ordinarily, this process would have taken months.
P2P Lending Aims at Business
- 3 years 1 month ago
- Lending
In 2022, the business sector expanded by 76% compared to the previous year. European P2P consumer lending reduced the pace of growth. Last year, the most popular P2P segment of consumer lending had reduced volumes. According to P2PMarketData, the decline was -25%.
iwoca SME Expert Index: High Street Banks Cut Lending to SMEs as Demand for Finance Grows
- 3 years 1 month ago
- Lending
Demand for finance from the UK’s 5.5m small and medium-sized businesses1 is on the rise at the same time as banks are reducing their lending appetite, according to iwoca’s latest SME Expert Index.
Lending Platform mPokket to Expand its Workforce by March 2023
- 3 years 1 month ago
- Lending
Digital lending platform mPokket plans to expand its team strength by March 2023 across all verticals, as part of its mission to empower India’s youth and maintain its growth trajectory. The total number of employees at the Kolkata-based company stands at 2700 including employees at it’s Bangalore office.
Lentra Forays into Southeast Asia; Aims to Reach $100M in ARR by 2024
- 3 years 1 month ago
- Lending
Lentra, a leading digital lending cloud platform has announced its entry into South East Asian economies of Indonesia, the Philippines, and Vietnam to cater to their growing digital lending needs. With this expansion, Lentra aims to reach $100M in annual recurring revenue (ARR) by March 2024. The move follows the company’s latest fundraise of USD 60 million in a Series B round led by Bessemer Venture Partners, Susquehanna International Group (... more
FACE's Statement on Illegal Lending Apps Ban
- 3 years 1 month ago
- Lending
Fintech Association for Consumer Empowerment (FACE) is an industry body of fintech lenders working towards building a consumer-first ecosystem for digital lending that is responsible and responsive to consumers’ needs. FACE wholeheartedly supports the Central Government's actions and the policy intent to ban predatory lending apps with dubious antecedents.
SNB Capital Begins Saudi Securities Lending Journey with Broadridge
- 3 years 1 month ago
- Lending
To address recent regulatory changes, SNB Capital has chosen global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), to help build its local securities lending and borrowing business. As the largest broker and asset manager by market share in 2022 and a leading custodian in Saudi Arabia, SNB Capital will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution to grow the coverage of its Securities... more
Tarabut Gateway Partners With KSA Micro-Lending Pioneer Tamam
- 3 years 1 month ago
- Lending
Tarabut Gateway, MENA’s leading regulated open banking platform, announces a new partnership with Tamam at LEAP Riyadh 2023. Tamam is a Shariah-compliant micro-lending service provider based in Saudi Arabia and a subsidiary of Zain, a leading telecommunications company in the MENA region.
ING and vc trade Join Forces to Digitise Lending Business
- 3 years 1 month ago
- Lending
ING announced today that it has spun out Loan Optics to vc trade GmbH, the leading digital platform in the market for private placement and promissory note loans. Loan Optics technology enables all stakeholders in the syndicated loan market (banks, borrowers, lawyers, advisers and agents) to cooperate on one central platform to originate, structure, document and negotiate digitally native loans – creating digital loan data in the process.
Freedom Finance Adds 22 Products to its Digital Lending Marketplace
- 3 years 1 month ago
- Lending
Freedom Finance, one of the UK’s leading digital lending marketplaces, is delighted to announce the continued development of its platform with more products and providers joining the panel. Well-known brands like Santander, ASDA Money and Admiral (please see a full list below this press release) have joined or extended their offering on the marketplace and added more personal loans, mortgages, credit cards, auto finance and other lending... more
Loans Available at Conotoxia for a Larger Amount and for 12 Months
- 3 years 2 months ago
- Lending
Conotoxia, a global fintech from Poland, introduces a novelty in terms of its multi-currency lending services. Customers can now apply for up to 5,000 PLN or the equivalent amount in euros, dollars, pounds or francs and repay the liability in 12 instalments.
Freedom Finance Deepens Partnership with Lender Koyo
- 3 years 2 months ago
- Lending
Freedom Finance, one of the UK’s leading digital marketplaces, is delighted to announce that it has extended its relationship with Koyo – a key partner already providing loans through Freedom Finance’s panel. From today, customers declined for loans from Koyo will automatically be able to connect to Freedom Finance’s proprietary matching marketplace.
OrangeGrid’s Mortgage Servicing Solution Now Live at Flagstar Bank
- 3 years 2 months ago
- Lending
OrangeGrid, a provider of mortgage servicing software, announces Flagstar Bank, a national leader in mortgage lending and servicing, has implemented mortgage servicing software provided by OrangeGrid to manage its loss mitigation processes and enhance internal efficiencies.
Reward’s London and South East Office Hits £15M Loan Book Milestone
- 3 years 2 months ago
- Lending
Reward Finance Group has reached a key business milestone by growing its regional loan book to £15m in London and the South East, with the SME lender also opening its London operational centre late last year and quadrupling the size of its team. Reward has supported over 40 firms across the region by providing the working capital to drive increased revenue, innovate, create new jobs or navigate through a difficult trading period.
