Homebuyers Embrace Digital Lending in COVID-19 era, According to Finastra Survey Results
New research from Finastra shows that while rates remain consumers’ key driver in the mortgage lender selection process, trends relating to COVID-19 have put increased importance on digital experience and time-to-close. The pandemic is having an influence on both of these trends, as consumers demand more robust digital loan processes and surging volumes of mortgage applicants extend time-to-close.
DivideBuy Crowned the UK's Fastest Growing Technology Company by Deloitte
- 4 years 6 months ago
- Lending
Leading UK LendTech, DivideBuy, announces it has ranked first place on Deloitte’s UK Technology Fast 50 2020 list. The Newcastle-under-Lyme based company reported an average three-year growth rate of 20,733% to the year 2019/2020. The UK’s foremost technology award programme is based on revenue growth over the last four years and is announced every November.
tonik Taps CRIF for Automation of Loan Decision and Collection Processes
- 4 years 6 months ago
- Lending
tonik, the first digital-only neobank in the Philippines, announced its collaboration with solutions provider CRIF for the automation of its loan origination and collection systems. The partnership will enable tonik to increase its efficiency, and minimize its costs and risks in credit decision making and collection.
Twenty7Tec Releases Mortgage Figures After Second Week of National Lockdown 2.0
Twenty7Tec, a leading mortgage technology platform, has released figures on the state of the mortgage market after the second week of national lockdown 2.0. The findings Mortgage searches Weekly mortgage search volumes are currently at 87.33% of the year’s highest figure, down 0.5% on the week before
NatWest Announces Integration With Xero to Make Funding More Accessible to SMEs
- 4 years 6 months ago
- Lending
NatWest has announced an integration with global small business platform Xero, which will allow its users to access a NatWest lending service directly from the Xero platform - the first lending service from a high street bank to be introduced by Xero in the UK. Eligible Xero subscribers will be able to apply for NatWest’s Rapid Cash service, which provides a flexible line of credit based on outstanding invoices up to £300,000, offering greater... more
Atom bank Partners with Codat to Continue Support for SMEs during COVID-19
Atom, the UK’s first app-based bank has joined forces with Codat to simplify their business lending process. The partnership will see Codat provide their universal API, for small business financial data, which will enable Atom to directly integrate with business customer’s accounting platforms, removing the need for manual submissions. This will result in a streamlined onboarding process and enable Atom to make faster and better-informed funding... more
Robocash Group Earned 16 Mln USD in 9 Months of 2020 and Shared Changes of Its Plans
- 4 years 6 months ago
- Lending
The group has published the results for January-September 2020. Despite the challenging time, it has improved its portfolio quality and all the performance indicators, by optimizing the core business processes.
FICO Examines Potential Government Strategies for Tackling Bounce Back Loan Fraud
- 4 years 6 months ago
- Covid-19, Lending, Fraud Detection
Matthew Cox, Managing Director EMEA, Fraud, Security & Financial Crime, FICO looks at strategies the government could consider in response to reports suggesting Bounce Back Loan fraud could cost 15-26 billion pounds
iwoca to Lend Over £200 Million to SMEs Before CBILS Applications Close in January
iwoca, one of Europe’s largest small business lenders, has laid out its ambitions to lend an additional £100 million to businesses through the Coronavirus Business Interruption Loan Scheme (CBILS) before applications close on 31st January 2021. This will bring its total lending to over £200 million.
Visa Selects Aire to Provide First-Party Credit Insight Through New Fintech Partner Programme
- 4 years 6 months ago
- Lending, Data, FinTech StartUps
Aire, the
ThinCats and Salt Edge to Bring Open Banking Benefits to SME Lending
- 4 years 7 months ago
- Lending, Open Banking
ThinCats, a UK-based alternative lender to mid-sized SMEs, has partnered with Salt Edge, a leader in offering Open Banking solutions, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes.
ThinCats to Implement nCino’s Digital Banking Platform to Improve the SME Lending Experience
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that leading alternative mid-sized business lender, ThinCats, is expanding its use of the nCino Bank Operating System® across its wider SME lending
Bounce Back Loan Scheme Top-Ups Open for Eligible Businesses
From today, participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer smaller businesses across the UK a ‘top-up’ to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them. The Bounce Back Loan top-up will be available from several large lenders from today, with other lenders anticipated to make the top-up available in due course.
OMNIO KESHO Partners With Credit Kudos to Expand Credit Union Services Portfolio
- 4 years 7 months ago
- Lending
Omnio, the Banking as a Service platform FinTech, has announced that its credit union business KESHO has agreed a partnership with Credit Kudos, an FCA-authorised challenger credit reference agency and Open Banking Account Information Service Provider (AISP). Through Credit Kudos’ direct connections to the UK’s largest banks - via Open Banking - the company helps lenders, brokers, and financial institutions make better and faster credit... more
iwoca Makes Its “Buy Now, Pay Later” Product Free for SMEs During Lockdown
iwoca, one of Europe’s largest small business lenders, announces that its invoice payments product – iwocaPay – will be free throughout the UK’s second national lockdown to support small businesses impacted by coronavirus.1
