Legion Capital Named on Silicon Review’s Best 50 Companies To Watch 2022
- 3 years 2 months ago
- Lending
Legion Capital Corporation, a FinTech-enabled, specialized business lender, was named on Silicon Review’s Best 50 Companies to Watch 2022. Legion Capital provides financing for the acquisition, early-stage development and growth capital needs for small and medium-sized business owners, real estate developers and entrepreneurs, addressing a market segment that has gone largely unserved by banks and conventional lenders.
Traditional Lending Models are Broken in Current Economic Climate, Says Tink
- 3 years 2 months ago
- Lending
Europe’s leading open banking platform Tink is urging lenders to prioritise upgrading creditworthiness assessment models to ensure more accurate lending decisions.
Finova Capital Enhances Digital Lending Experience with Northteq
- 3 years 2 months ago
- Lending
Northteq, Inc. a leading provider of Salesforce origination solutions announced today that Finova Capital, LLC, an industry leader in equipment financing and small business lending, has integrated Northteq’s Aurora Loan Origination System (LOS) and Aurora Partner Portal with its Merchant CashTap platform to create an enhanced small business lending experience.
Pennsylvania Community Bank Partners with Fintech to Digitize All Aspects of Commercial Lending
- 3 years 2 months ago
- Lending
Quaint Oak Bank and Teslar Software today announced their partnership to enhance the bank’s commercial lending strategy. The $750 million-asset community bank will leverage Teslar’s full suite of automated workflow and portfolio management tools to improve the lending process for both lenders and borrowers.
British Business Bank Supporting More than 96,000 Businesses with £12.2B of Finance Through its Core Programmes, with an Above Target Adjusted Return of 18.2%
- 3 years 2 months ago
- Lending
Catherine Lewis La Torre, CEO, British Business Bank, said: “The British Business Bank has successfully delivered against the strategic priorities we set at the beginning of the year. “We have increased our impact and market reach to smaller businesses across the UK’s regions and Nations and designed innovative programmes while at the same time generating an attractive return on capital employed.
Esusu and Fannie Mae Team up to Create Equitable Financial Opportunities Through Rent Reporting
- 3 years 2 months ago
- Lending
Esusu Financial Inc. today announced a new collaboration with Fannie Mae to help renters build credit by incorporating on-time rent payments into renter's credit scores as part of its strategy to advance equity in the housing market.
Reward Provides £5.2M of Funding to SMEs in the First Year of Launching in the Midlands
- 3 years 2 months ago
- Lending
Reward Finance Group has helped boost the region’s economy by providing £5.2m of funding to SMEs in the first year of launching in the Midlands, to enable them to unlock growth potential, create new jobs or navigate through a difficult trading period.
Cost of Consumer Credit Ratchets Up Again in August
- 3 years 3 months ago
- Lending
The latest Bank of England figures1 reveals that quoted household interest rates on consumer credit products continued to rise in August amid an economic environment of rising interest rates, mortgage rates and inflation.
Inovatec Partners with Provenir to Deliver Advanced Decisioning Solutions to Lenders
- 3 years 3 months ago
- Lending
Inovatec Systems, a major provider of industry-leading, cloud-based software solutions for lenders, announced it has entered into a partnership with Provenir, a global leader in AI-powered risk decisioning software.
Lendistry to Deploy $200 Million in Seed Grants to New York Small Businesses
- 3 years 3 months ago
- Lending
Lendistry, the only nationwide fintech CDFI and the largest minority-led deployer of capital in COVID relief funding, announces today that it will power Empire State Development's NY State Seed Funding Grant Program. This $200 million program will provide grants of $5,000-$25,000 to viable small and micro businesses, for-profit independent arts and cultural organizations, and independent arts contractors that were established on Sept. 1, 2018,... more
Curinos Recognized in Prominent 2022 IDC FinTech Top 100 Rankings List by IDC Financial Insights
- 3 years 3 months ago
- Lending
Curinos, a global data intelligence business serving global financial institutions across lending, deposits and digital banking solutions, today announced that it has placed 74th on the 2022 IDC FinTech Top 100 Rankings list for the second consecutive year.
CFPB Study Details the Rapid Growth of “Buy Now, Pay Later” Lending
- 3 years 3 months ago
- Lending
Today, the Consumer Financial Protection Bureau (CFPB) published a report offering key insights on the Buy Now, Pay Later industry. The report, Buy Now, Pay Later: Market trends and consumer impacts, finds that the industry grew rapidly during the pandemic, but borrowers may receive uneven disclosures and protections. The five firms surveyed in the report originated 180 million loans totalling over $24 billion in 2021, a near tenfold increase... more
Saudi Credit Bureau (SIMAH) Enables Millions More Consumers to Access Bank Loans After Introducing FICO Score
- 3 years 3 months ago
- Lending
The Saudi Credit Bureau (SIMAH), a leader in credit bureau information management in the Middle East and North Africa (MENA), has administered the successful rollout and adoption of the FICO® Score by lenders in the country, enabling millions more Saudi customers to receive loans from banks. This growth in financial inclusion was made possible by SIMAH’s advocacy efforts with financial institutions and a parallel education campaign with... more
Teslar Software Launches Indirect Lending Solution
- 3 years 3 months ago
- Lending
Teslar Software today announced the launch of its indirect lending solution, which empowers community financial institutions to offer indirect lending services to local businesses and consumers in a way that’s quick, efficient and digitally optimized. Joe Ehrhardt, CEO and founder of Teslar Software, demoed the solution Monday at FinovateFall in New York.
Banks Won’t Lend to Us, Say More than a Quarter of UK’s Businesses
- 3 years 3 months ago
- Lending
New research exposes the difficulties businesses face accessing finance from mainstream lenders and how alternative solutions can plug the gap. More than a quarter (26%) of business leaders surveyed have had difficulties accessing finance from main banks, over a third (38%) say that banks don’t understand their business needs and two in five (41%) think banks’ lending policies haven’t kept pace with modern business needs.
