Two-thirds More SMEs Experiencing Difficulty in Accessing Finance from Mainstream Lenders
- 1 year 9 months ago
- Lending
Two-thirds (65%) more businesses are experiencing difficulty in accessing finance from high-street banks than they were in 2022* as mainstream lenders pull away from the SME market, according to new data from Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce.
mPokket Introduces ‘Don’t-Feel-Like-It’ Policy to Promote Employee Productivity and Well-being
- 1 year 9 months ago
- Lending
mPokket – a leading digital lending platform – today announced the introduction of its new work-from-home policy, ‘Don’t-Feel-Like-It’ (DFLI), aimed at enhancing employee morale, motivation, and mental well-being while promoting a healthy work-life balance. This innovative policy reflects mPokket’s commitment to fostering a productive and harmonious work environment that prioritizes the overall well-being of its team members.
Reevo Money Joins Freedom Finance’s Lending Panel
- 1 year 9 months ago
- Lending
Freedom Finance, one of the UK’s leading digital borrowing marketplaces and embedded finance providers, is delighted to add personal loans from Reevo Money to its market-leading lending panel. Personal loans from Reevo will be available through all of Freedom Finance’s partners and via its direct-to-consumer marketplace.
Evolution Money Secured Loans Added to Freedom Finance
- 1 year 9 months ago
- Lending
Freedom Finance, one of the UK’s leading digital borrowing marketplaces and embedded finance providers, is delighted to add secured loans from Evolution Money to its market-leading lending panel. Secured loans from Evolution Money will be available via Freedom Finance’s direct-to-consumer marketplace.
QV Systems and Time Finance Expand Partnership to Provide Finance to High Growth Businesses
- 1 year 9 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
- 1 year 9 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
- 1 year 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
- 1 year 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)
- 1 year 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
- 1 year 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
- 1 year 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
- 1 year 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
- 1 year 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
- 1 year 10 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
- 1 year 10 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.
