NettyWorth Launches AI-Powered Loan Protocol with $124M Wallet Value, Unlocking Liquidity for NFTs and RWAs
- 3 months 3 weeks ago
- Lending
NettyWorth, the first AI-powered loan protocol for NFTs and Real-World Assets (RWAs), is reshaping decentralized lending with its official launch, achieving $124M in connected wallet value.
PayCaptain Funded £10M of Free Wage Advances to Employees with Low Financial Resilience in 2024
- 3 months 3 weeks ago
- Lending
PayCaptain – a cloud-based payroll software solution – has shared updates of its 2024 performance and goals for the year ahead. Founded in March 2020, PayCaptain now services 150 customers with 30,000 employees being paid every month. 2024 saw annual recurring revenues figures hit £2M. Based on PayCaptain’s high retention rate and engaged pipeline the business is set to achieve £3M annual recurring revenue and continued EBITDA growth in 2025.
Gatehouse Bank Introduces Buy-to-Let Product Changes, Including Enhancements for UK Expats and International Residents
- 3 months 3 weeks ago
- Lending
Gatehouse Bank has announced a series of changes to its range of Buy-to-Let (BTL) Purchase Plans.
TreviPay and TICO Manufacturing Partner to Offer Net Terms Program, TICO Charge, to Dealers and Fleet Services
- 3 months 3 weeks ago
- Lending
TreviPay, the most-trusted B2B payments and invoicing network, today announced a partnership with
Plumery Launches Digital Lending Delivering Loan Application to Disbursement in Under Three Minutes
- 3 months 4 weeks ago
- Lending
Plumery, a digital banking experience platform for customer-centric banking, today announced it has launched Digital Lending, a fully end-to-end digital loan origination journey that allows bank customers to go from application to disbursement in 180 seconds.
Responsible Lender Creditspring Provides Over £200M in Affordable Loans to Borrowers During 2024
- 3 months 4 weeks ago
- Lending
Responsible lender, Creditspring, provided £207 million in affordable loans during 2024 as borrowers increasing seek short-term financial support. This was an increase of 63% compared to the £127 million lent to Creditspring members in 2023.
Eligible Synchrony Mastercard Customers Now Have Access To The Pay Later Feature Of Apple Pay
- 4 months 2 days ago
- Lending
Synchrony , a premier consumer financial services company, is enhancing the way consumers securely shop online and in-app when checking out with Apple Pay on iPhone and iPad. Eligible Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard holders can now choose to pay with the standard terms of their credit card, or use a promotional offer that includes fixed monthly payments.1
CFPB Orders Equifax To Pay $15 Million For Improper Investigations Of Credit Reporting Errors
- 4 months 2 days ago
- Lending
Today, the Consumer Financial Protection Bureau (CFPB) took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes. The CFPB found Equifax ignored consumer documents and evidence submitted with disputes, allowed previously deleted inaccuracies to be reinserted into credit reports, provided confusing and conflicting letters to consumers about the results of its... more
TransUnion Announces Agreement To Acquire Majority Ownership Of The Consumer Credit Business Of Buró De Crédito
- 4 months 2 days ago
- Lending
TransUnion has signed a definitive agreement to acquire majority ownership of Trans Union de Mexico, S.A., S.I.C., the consumer credit business of the largest credit bureau in Mexico, Buró de Crédito. TransUnion currently owns approximately 26% of Trans Union de Mexico, has held seats on its board of directors for over two decades, and serves as one of its technology providers. TransUnion has agreed to acquire an additional 68% from selling... more
CFPB Research Reveals Heavy Buy Now, Pay Later Use Among Borrowers With High Credit Balances and Multiple Pay-in-Four Loans
- 4 months 5 days ago
- Lending
Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in 2022, with most of those consumers having subprime or deep subprime credit scores. The CFPB research also revealed that more than three-fifths of BNPL borrowers held multiple simultaneous BNPL loans at some point during the year, and one-third had... more
Finastra’s Americas Lending Day Highlights Progress in Digital Transformation and Standardization
- 4 months 6 days ago
- Lending
Finastra, a global provider of financial software applications, hosted its Americas Lending Day event in New York City. The event brought together industry experts and leaders from the banking, lending, trade finance, and technology sectors to discuss the latest trends, challenges, and opportunities in the digitization and automation of financial services.
Al Ansari Financial Services Expands Consumer Choice With Innovative Abhi Partnership
- 4 months 6 days ago
- Lending
In a move set to reshape the financial landscape, Al Ansari Financial Services PJSC (DFM: ALANSARI), one of the leading integrated financial services groups in the UAE announces its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), to broaden the spectrum of financial solutions available to consumers, ensuring a seamless service experience... more
Spring Financial Launches Canada’s First AI Financial Assistance App: Bloom
- 4 months 1 week ago
- Lending
Today, Spring Financial, a Canadian financial technology company simplifying the lending process for everyday Canadians, announces the launch of
Philippines’ Digital Lending Market to Potentially Exceed US$ 1 Billion in 2025
- 4 months 1 week ago
- Lending
The digital lending market in the Philippines — consisting of duly registered non-bank digital lenders and digital banks — could exceed US$ 1 billion in the second half of 2025, with the likelihood of growth at an accelerated pace due to the high demand for online technologies from consumers.
The Impact of Credit Scores on Jumbo Mortgage Rates: What You Need to Know
- 4 months 1 week ago
- Lending
It seems like rising prices have been the topic of housing conversations for the past few years. Many families face a higher tab for everyday purchases at the grocery store and local restaurant, and for larger expenses like buying a home.
