Twenty7Tec Releases Mortgage Market Report – November 2021
Twenty7Tec, the market-leading mortgage tech provider, has released its monthly findings from the UK mortgage market for November. Key findings for November 2021 include: · 43.2%* Remortgages as a proportion of the mortgage market in November 2021 purchases (excluding product transfers) = 56.8%).
RVU Announces Closing Acquisition of Mojo Mortgages
- 3 years 5 months ago
- Lending
RVU, owner of Uswitch, Confused.com and Money.co.uk, has completed the previously announced agreement to buy Manchester-based Mojo mortgages.
Funding Circle Launches New Embedded Finance Solution
- 3 years 5 months ago
- Lending, Fund Management
The new capability enables partners to seamlessly offer Funding Circle loans of up to £500,000 to small businesses within their own website Powered by Funding Circle’s machine learning and Instant Decision technology, their customers can apply within minutes, receive a decision in seconds and have money in their account within 24 hours
Dakota Credit Union Association Collaborates with Leading AI-based Credit Decisioning Platform Provider Scienaptic AI
- 3 years 5 months ago
- Artificial Intelligence, Lending, Credit Cards
Scienaptic announced today a collaboration with the Dakota Credit Union Association (DakCU) enabling the company to offer its AI-based credit underwriting technology to credit unions throughout North and South Dakota.
Access to affordable borrowing options vital as UK reliant on credit in run up to Christmas
- 3 years 5 months ago
- Lending
Debt levels among variable workers* have increased by ten percentage points throughout the pandemic, with the number of variable workers with debts of between £5,000 and £10,000 more than doubling from 2020 (10% to 23%). Of the 25-34 year olds that expect to increase borrowing in the next six months, 31% need additional funds to buy Christmas gifts for friends and family.
How a Bridging Loan Can Save Your Home
- 3 years 5 months ago
- Lending
The agony of being on the brink of completing a home purchase, only to find that the chain has broken, is distressingly common. Latest figures show that up to 39 per cent of UK property sales fall through, as a result of buyers making a lower offer or pulling out of a purchase altogether, or from a chain breaking down.
Fraud Fighters SEON Predict a Dark Day for Personal Loan Providers This Black Friday
- 3 years 5 months ago
- Lending, Personal Finance
Online fraud fighters, SEON, is predicting that this year’s Black Friday will be a dark day for personal loan providers. According to the company’s internal data, this week’s shopping bonanza is likely to generate a 150% increase in attempted loan fraud, as cash strapped consumers try to illegally gather funds to secure bargain deals.
DivideBuy Ranks on Deloitte’s UK Tech Fast 50 for an Impressive Third Consecutive Year
- 3 years 6 months ago
- Lending, Investment
News follows an unprecedented year of success for the leading lendtech, having recently announced an impressive £300m in investment
OSTTRA’s TriOptima Launches Credit Optimisation Service Allowing Banks to Reduce Cleared Risk
- 3 years 6 months ago
- Lending, Infrastructure
OSTTRA’s TriOptima, a leading infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, today announced a new triBalance credit optimisation rebalancing initiative that reduces risk in multiple central counterparties (CCPs), including LCH CDSClear and ICE Clear concurrently.
CFPB Seeks Input on Detecting Discrimination in Mortgage Lending
- 3 years 6 months ago
- Lending
Insights gathered will support a fairer mortgage market Today, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) to seek input on rules implementing the Home Mortgage Disclosure Act (HMDA). The CFPB plans to review recent changes to the rules and evaluate their effectiveness. This evaluation will strengthen the CFPB’s ability to maintain a fair, competitive, and non-discriminatory mortgage market.
finova to Partner With Leading Specialist Lender, Quantum Mortgages
- 3 years 6 months ago
- Lending
finova, the leading mortgage and savings tech provider, today announces its partnership with Quantum Mortgages – an intermediary-only specialist lender supporting landlords across the UK. finova and Quantum expect to launch formally by Q1, 2022.
Robocash Group Surpasses Initial Disbursement Goal, Issuing 547 M in 9 Months of 2021
- 3 years 6 months ago
- Lending
According to the results of Q3 2021, international fintech holding Robocash Group has issued 547.3 M USD worth of loans. Notably, every fifth loan was issued to the new customers.
The Growth in SME Loans and illimity's Profits Continues in the Third Quarter of 2021
- 3 years 6 months ago
- Lending
Operating Profit of 77.5 Million Euro for 9M21 (+176% Over 9M20) Net Profit of 46.2 Million Euro for 9M21 (+90% Over 9M20) Net Profit of 18.8 Million Euro in the Third Quarter of 2021 (+26% Compared to 2Q21 and +98% Compared to 3Q20)
Lockdown Sees Fintechs Take Significant Market Share From Banks in Lending, With Open Finance Set to Level the Playing Field Further.
- 3 years 6 months ago
- Lending, Credit Cards, Banking
Data from ClearScore shows challengers and fintechs stealing share of lending market during Covid-19 pandemic ClearScore data suggests there are 9.3m credit customers ready to use open finance for their lending needs, 3.2m of whom are currently poorly served by the market Early adopters of open finance data-sharing are lower risk says ClearScore
Twenty7Tec to Roll out APPLY Integration with Leeds
- 3 years 6 months ago
- APIs, Lending, IT Innovations
Twenty7Tec today announces that it has completed an APPLY integration with Leeds Building Society, enabling users of CloudTwenty7 to seamlessly submit applications to Leeds Building Society without the need for re-keying.
