New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has accredited the Bank of India under the Coronavirus Business Interruption Loan Scheme (CBILS), and Silicon Valley Bank under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Bank of India will be able to provide financial support to smaller businesses across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19... more
Wolters Kluwer Lien Solutions launches Main Street Lending Program technology solution
- 4 years 11 months ago
- Lending
Wolters Kluwer Lien Solutions has today launched iLien for Main Street – an innovative technology solution to help U.S. lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program (Program). The Program is part of the U.S.
DPR first to launch API hub for the later life lending market
DPR, the provider of savings and lending origination and servicing solutions, has today announced the launch of the DPR Distribution Hub with more2life, a first for the later life lending market. The hub enables third-party intermediary distribution providers such as product sourcing and CRM systems, to integrate seamlessly into the lifetime mortgage lender’s application process by securely transferring product and customer data through APIs.
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), three new lenders for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and two new lenders for accreditation to the Bounce Back Loan Scheme (BBLS).
Aire launches Pulse to help lenders spot sudden financial change created by COVID-19
- 4 years 11 months ago
- Lending
Aire, the UK’s fourth FCA-regulated credit reference agency (CRA), has launched a powerful new insight product to help lenders make sense of the post COVID-19 borrowing landscape. Pulse from Aire helps protect credit providers and consumers from bad debt, and supports fair and FCA-compliant account handling, by enabling lenders to collect up-to-date information from customers about their changing financial circumstances.
KfW coronavirus aid programme: Kapilendo and Varengold Bank create first digital access to instant loans
In cooperation with Hamburg-based Varengold Bank, Berlin fintech Kapilendo is now offering small and medium-sized enterprises the first fully digital application process for instant loans (GER: Schnellkredite) offered by KfW, a German state-owned development bank based in Frankfurt. German companies with more than ten employees can apply via www.kapilen.do/kfw-schnellkredit. The loans will be 100% guaranteed by the German Federal Government.
Asto and Funding Options team up to offer flexible loans to small businesses
- 4 years 11 months ago
- Lending
Asto Business Capital loans are now available on the Funding Options platform as part of a long-term partnership with the business finance marketplace. The Santander-backed app joins Funding Options’ roster of more than 200 lender partners, offering loans of as little as £150 or as much as £150,000, to help small businesses plug urgent cash flow holes.
Future Fund publishes diversity data of companies receiving Convertible Loan Agreements
The British Business Bank publishes Future Fund data that gives a detailed picture of the 252 companies that have been approved for £236.2m worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 623 applications in total in the first month of operation. Government has said it will keep the size of the scheme under review and consider increasing it if needed. This data shows where companies are based across... more
Zopa launches new digital bank, offering consumers a compelling alternative when they need it most
Zopa has today been awarded its full bank licence, launching at a time when consumers need financial services providers to work on their behalf more than ever.
Italians and Bulgarians most actively invest in P2P lending during the pandemic
According to the statistics of the European P2P lending platform Robo.cash, the highest number of new investors who joined the platform from February to May came from Italy. At the same time, the highest increase in the volume of investments added to the platform in this period was by Bulgarian investors.
Wolters Kluwer Compliance Solutions launches TSoftPlus™ PPP Forgiveness Module
- 4 years 11 months ago
- Lending, Compliance
Wolters Kluwer is continuing to respond to the U.S. CARES Act’s Paycheck Protection Program (PPP) by developing much needed financial technology to help local lenders.
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has approved one new lender for accreditation to the Bounce Back Loan Scheme (BBLS), and six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). Investec will join the other 20 BBLS lenders who have been accredited since the scheme opened last month.
Blue Prism automates US gov. PPP Process helping small businesses stay afloat
Blue Prism has teamed-up with Lateetud and ABBYY to support the US government’s latest COVID-19 relief efforts for small businesses, by helping to automate loan applications during the two rounds of funding, $349 billion and $310 billion respectively, allocated by Congress as part of its
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS), five new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) and four new lenders under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Paragon Bank will join the other 19 BBLS lenders who have been accredited since the scheme opened last month.
Fintechs Must Take Part in COVID-19 Recovery, says Bruc Bond
Leading business banking firm Bruc Bond believes small businesses must be helped by fintechs to lessen shock of worldwide pandemic The COVID-19 pandemic has severely crippled the global economy. While social distancing measures have been vital to securing people's lives and enabling effective governmental responses to the pandemic, SMEs around the world have been hit hard by these necessary measures.
