Bank-NBFC Co-lending to Drive Fintech Trends and Lending Patterns in 2022: Finway FSC
Reserve Bank of India's (RBI) 's decision to allow banks and NBFCs (including HFCs) to co-lend has created ripples within the Indian fintech sector. The move allows banks and NBFCs to leverage their respective strengths and offer better lending options to the masses. Termed the 'Co-Lending Model' (CLM), this has emerged as one of the biggest trends to watch for observes Mr.
Men Are Nearly Twice as Likely as Women to Feel Optimistic About Finances Despite Being More Reliant on Credit
- 3 years 9 months ago
- Lending
A quarter of men in the UK have never felt more optimistic about their finances compared to just 15% of women However, men are more likely to need to borrow money within the next six months Men are almost twice as likely to be rejected by mainstream lenders, putting them at increased risk of falling into a debt spiral
Knowledge Bank adds Proportunity Criteria
Proportunity, the shared equity loan provider, has partnered with Knowledge Bank to make its products available on the industry leading criteria search platform for brokers. The Knowledge Bank criteria database is the largest in the UK, and contains over 135,000 individual criteria from over 270 lenders.
2021 HMDA Data on Mortgage Lending Now Available
- 3 years 10 months ago
- Lending
The Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2021 are now available on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,316 HMDA filers. The published data contain loan-level information filed by financial institutions, modified to protect consumer privacy.
Veteran banker Atal Agarwal joins LenDenClub as Head - Initiative & New Strategies
- 3 years 10 months ago
- Lending
Company preps up with key strategies and leadership hiring ahead of new growth phase
Lucky – Egypt’s Leading App for Credit Products, Offers & Cashback Rewards – Announces $25 Million Fund Raise
- 3 years 10 months ago
- APIs, Fundraising News, Lending, Platform Technology
Funding round led by ‘Nclude by Global Ventures’ – the new Fintech fund launched to accelerate Egypt’s Financial Innovation Lucky, Egypt’s leading app for credit products, offers and cashback rewards, announces its completion of a $25 million fund raise.
Versana, Founded by Top Global Banks, Launches to Transform the $5T Syndicated Loan Market
Versana today announced its plans to launch a leading-edge, industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers to bring transparency, efficiency and velocity to this $5 trillion market.
X-Margin and Atlendis Form Credit Evaluation Partnership to Facilitate Uncollateralized Crypto Loans
- 3 years 10 months ago
- Lending, Alternative Finance
X-Margin’s credit evaluation will reduce the inherent risk of DeFi lending by providing greater visibility to lenders using the Atlendis protocol
Robo.cash Launches lLoans from Sri Lanka
- 3 years 10 months ago
- Lending
The European investment platform Robo.cash introduces new commercial loans, which will be provided by the company of Robocash Group in Sri Lanka. Now platform users will be able to invest in loans for a period of 3 years at 12.5% with monthly interest payments.
TheClaimsGuide.com Sees Faster Payouts For Lending Stream Compensation
- 3 years 10 months ago
- Lending
Payday loan companies have made millions of pounds worth of unaffordable loans over many years. The Claims Management Company TheClaimsGuide.com is seeing faster responses for complaints against payday lender Lending Stream.
Community Choice Credit Union To Deploy Scienaptic’s AI-Powered Credit Decisioning Platform
- 3 years 10 months ago
- Artificial Intelligence, Lending
Deployment aims to significantly improve loan approval rate and automated decisions\ Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Community Choice Credit Union has chosen its AI-based underwriting platform to provide enhanced and faster credit decisions for its members.
EIF Backs Lending Marketplace Estateguru in Launching a New Credit Fund
- 3 years 10 months ago
- Lending
The European Investment Fund (EIF) has committed to making a cornerstone investment in the Estateguru Senior Secured Credit Fund The new fund has a target size of up to €170 million and is aiming to invest in senior secured SME property-backed loans originated primarily in the Baltics, Finland and Germany
Forest Area Federal Credit Union Selects Scienaptic’s Platform For AI-Based Credit Underwriting
- 3 years 10 months ago
- Artificial Intelligence, Lending
Scienaptic's platform to enable deeper automation of lending and more approvals Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Forest Area Federal Credit Union has selected its platform for faster credit decisioning.
UK SMEs set to Benefit as Growth Lending Partners with Currencycloud
- 3 years 10 months ago
- Lending, Alternative Finance
The B2B alternative finance provider Growth Lending has partnered with Currencycloud, the experts simplifying business in a multi-currency world. Clients will enjoy rapid access to funds, greater flexibility and access to leading FX solutions.
Revenues, Profits of Companies Owned by Women Decreased During 2021: Biz2Credit Women-Owned Business Study
- 3 years 10 months ago
- Lending, Credit Cards
Analysis of 100,000 Firms Finds Pandemic Revenues and Profits Fell Last Year NEW YORK, March 08, 2022 (GLOBE NEWSWIRE) -- The annual Biz2Credit Women-Owned Business Study found that profits for female business-owners dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, the primary reason profits fell in 2021.
