How Satellite Imagery Analytics is Transforming Agricultural Lending
- 3 years 1 week ago
- Lending
Improving access to credit can be crucial in stimulating agricultural productivity and economic growth. Image: Envato Elements EOS Data Analytics explains how remote sensing and artificial intelligence help banks and insurance companies optimize and improve their farm crediting strategies.
Newgen Partners with Mambu to Streamline End-to-end Lending Processes
- 3 years 1 week ago
- Lending
Newgen Software, a global provider of low code digital transformation platform, is pleased to announce its partnership with cloud banking platform, Mambu. The partnership enables financial institutions to leverage Newgen's lending solutions, built on NewgenONE digital transformation platform along with Mambu's core banking systems, ensuring flexibility and adaptability.
Citi Brings New Lending Opportunities to Sweden with Launch of Citi Securities Lending Access™
- 3 years 1 week ago
- Lending
Today, Citi Securities Services announced Nordnet AB (Nordnet), the leading pan-Nordic digital platform for savings and investments, as the first Swedish client to start lending through its innovative Citi Securities Lending Access platform. The solution will enable Nordnet to expand its already successful securities lending programme to new markets and new client segments.
Jack Henry Recognized for Lending Innovation in FinTech Breakthrough Awards Program
- 3 years 2 weeks ago
- Lending
Jack Henry™, today announced that its LoanVantage solution has been selected as the winner of the "Best Loan Origination Platform" award in the 7th annual FinTech Breakthrough Awards program.
Ohio-Based Bank to Digitize Lending and Support Growth with Teslar Software
- 3 years 2 weeks ago
- Lending
Merchants National Bank and Teslar Software today announced their partnership to streamline the bank’s lending processes, replacing manual tasks with robust automated workflows and supporting strategic growth efforts.
Rapid Finance Announces Availability of Unified Digital Business Lending Platform, Decisioneer
- 3 years 2 weeks 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 rebrand of its recently acquired digital end-to-end lending platform, Thrive, to Decisioneer.
ConTe.it Prestiti Partners with Tink to Improve its Lending Process with Instant Income Verification
- 3 years 2 weeks ago
- Lending
ConTe.it Prestiti, a new venture in the credit sector of Admiral Group Italy, has partnered with Tink, Europe’s leading open banking platform, to offer customers in ConTe.it Prestiti’s network an improved and instant lending application process. ConTe.it Prestiti, a lending fintech platform, has embedded Tink’s Income Check product into its current offering, in order to make more accurate affordability assessments.
B2B Credit Decisioning Tool Fuse Offers Lenders Clearer Insights and 97% Accuracy in Affordability Tests
- 3 years 2 weeks ago
- Lending
Business credit decisioning tool Fuse by Pave offers lenders 97% accuracy in affordability tests, clearer insights into consumer affordability, reduced rate of defaulted loans, and improvements to borrower outcomes.
CRIF and iwoca Unite to Bring Open Banking-powered Instant Lending to UK Small Businesses
- 3 years 3 weeks ago
- Lending
More UK small and medium-sized businesses (SMEs) will be able to get instant decisions on lending applications, helping to ease the pressure of the cost of living crisis and boost economic recovery. The innovation has been made possible through a new partnership between top fintech business lender, iwoca, and CRIF, Europe’s leading credit information provider.
FCA Urges UK Banks to Consider Cutting Mortgage Payments - Tink Comment
- 3 years 3 weeks ago
- Lending
The FCA’s call for flexibility on mortgage repayments to support struggling homeowners highlights the financial stress many people in the UK are currently experiencing. Tink’s research shows that nearly one in four (24%) Brits have already missed, or expect to miss, a mortgage or rent payment due to the rising cost of living. But there are ways that banks can harness financial technology to help support people in challenging economic times.
Business Lender Sonovate Surpasses £3.5B in Funding to Support Customers During ‘Cost of Running a Business’ Crisis
- 3 years 1 month ago
- Lending
Fintech lender Sonovate has surpassed £3.5bn in total funding and £1 billion in annual funding for the first time as rising costs force businesses to seek finance to manage cashflow and drive growth.
Finastra’s ESG Service Will Support Banks in Delivering a Sustainable Lending Experience to Corporate Clients
- 3 years 1 month ago
- Lending
Finastra today announced the availability of its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. Open and scalable, ESG Service facilitates the integration of sustainability performance target criteria into ESG pricing for both Finastra Loan IQ and other back-office systems in the market.
Challenger and Specialist Bank Lending Reached Record High of £35.5B in 2022, Finds Latest British Business Bank Research
- 3 years 1 month ago
- Lending
Published today, the British Business Bank’s Small Business Finance Markets 2022/23 report shows £35.5bn of bank lending came from challenger and specialist banks in 2022. This exceeded lending by the major banks during the period, giving challenger and specialist banks a 55% share of the market Gross bank lending increased by 12.8% in 2022, however, net lending fell by £8.5bn in large part reflecting repayment of Covid loans.
Freedom Finance Renews Partnership with the Centre for Social Justice Until 2025
- 3 years 1 month ago
- Lending
Freedom Finance, one of the UK’s leading digital lending marketplaces, is renewing its partnership with independent, award-winning think tank the Centre for Social Justice (CSJ) until 2025.
Penn Community Bank Deploys the Lenders Cooperative Loan Origination System to Streamline Loan Processing and Enhance Customer Experience
- 3 years 1 month ago
- Lending
Penn Community Bank, the largest mutual bank in eastern Pennsylvania,
