LemFi Launches AI-Powered “Send Now, Pay Later” Service, Combining Credit and Remittances for UK Immigrants
- 3 months 5 days ago
- Lending
LemFi, the leading AI-powered international payments platform dedicated to building financial products and services for immigrant communities, today announced the launch of Send Now, Pay Later (SNPL), a credit-powered remittance product that allows its 2 million+ global customers to use their LemFi credit line to send money home to their families when they need it most.
ID Finance and myTU Partner to Deliver Instant Loan Payouts with Programmable Banking Infrastructure
- 3 months 6 days ago
- Lending
ID Finance, one of Europe’s fastest-growing fintechs and the leading alternative lending platform in Spain and Mexico, has partnered with digital banking provider myTU to reinforce its payment infrastructure and ensure uninterrupted customer service. The partnership enabled ID Finance to deploy instant loan payouts within a single business day, avoiding a potentially costly disruption.
Royal Bank of Scotland Reveals Plan to Launch IP-Backed Loans to Fuel Scottish Growth and Innovation
- 3 months 1 week ago
- Lending
The Royal Bank of Scotland (RBS) has revealed plans to launch the first IP-backed loans for high growth businesses in Scotland – allowing them to access vital funding using the value of their Intellectual Property as collateral, instead of traditional physical assets. It follows a change in Scottish law earlier this year whereby the Moveable Transactions (Scotland) Act 2023 took effect, giving lenders the ability to accept effective security... more
UK Fintech Abound Lends Over £1bn as It Reshapes UK Personal Finance Market
- 3 months 1 week ago
- Lending
UK credit technology company Abound has passed £1 billion in total lending volume, less than five years after launching. The London-based fintech uses Open Banking and AI to analyse customers’ bank transactions in real time. This provides a more accurate view of affordability compared to traditional credit scores, which often rely on statistical averages and limited data.
Embedded Finance In A Single Sprint: Worldpay Launches Embedded Lending, Banking And Card Issuing For Platforms Partners
- 3 months 2 weeks ago
- Lending
Worldpay® has launched the Embedded Finance Engine, a new suite of best-in-class financial service products that its software platform partners can quickly integrate to drive higher retention and revenue growth while streamlining their tech stacks and ecosystems.
Business Loan Capital (BLC) Chooses LenderAI to Streamline Originations in Its Bridge Lending Business
- 3 months 3 weeks ago
- Lending
iBusiness Funding announced today a new partnership with Business Loan Capital (BLC), a private, non-bank, direct real estate lender. Leveraging iBusiness Funding’s LenderAI solution, BLC can now originate and process bridge loans faster and with greater transparency, enabling them to scale their lending business and originate more loans.
Finova Unveils New Specialist Buy-to-Let Platform, Enabling Lenders to Launch Products in Four Months
- 3 months 3 weeks ago
- Lending
Finova, the UK’s largest cloud-based mortgage and savings software provider, has today announced the launch of its new pre-configured specialist buy-to-let (BTL) origination solution for lenders.
Tuum and Abwab.ai Partner to Deliver End-to-End SME Lending Solutions in the Middle East
- 3 months 3 weeks ago
- Lending
Tuum, a next-generation core banking platform provider, today announced a strategic partnership with Abwab.ai, a leading AI-driven financial services enabler, to deliver a seamless, end-to-end digital lending solution for Small and Medium Enterprises (SMEs) across the Gulf Cooperation Council (GCC).
GFT’s Generative AI Credit Risk Assistant to Inform Major Lending Decisions
- 3 months 3 weeks ago
- Lending
Global digital transformation company GFT Technologies today announced its work to launch a generative AI powered credit risk assistant in the U.S. to inform and scale lending decisions for private capital firms and banks. The new tool automatically pieces together vast amounts of financial data to create credit reports, reducing timelines from hours and even days to mere minutes while ensuring compliance.
Klarna Customers in US and UK Can Now Access Klarna Installment Plans for In-Store Apple Pay Purchases
- 3 months 4 weeks ago
- Lending
Klarna, the global digital bank and flexible payments provider, is now available to eligible users using Apple Pay to pay in-stores on iPhone. Starting today, eligible Apple Pay users in the U.S. and UK will have access to Klarna’s flexible payment offerings, including pay later in installments with no interest. This news adds to last year’s partnership, which brought Klarna’s flexible payment offerings to eligible users when checking out... more
UK Employees Front Nearly £6Bn in Work-Related Costs – £1Bn More Than the UK’s Total Overdraft Debt
- 3 months 4 weeks ago
- Lending
Conferma, the global leader in virtual payment technology, today announces research finding that employees across the UK are increasingly footing the bill for business-related expenses with staff fronting almost £6 billion of work costs in the past year alone - almost £1 billion more than the UK’s total national overdraft debt.
Azentio Reimagines Speed and Personalization for Retail, SME, and Corporate Lenders With Its Next-Gen Loan Origination Offering
- 3 months 4 weeks ago
- Lending
Azentio Software, a leading technology enabler in the BFSI space, announced the launch of Azentio Loan Origination, its next-generation product that redefines how financial institutions scale credit operations across retail, SME, and corporate segments, and supports both conventional and Islamic financing.
Delfi Launches Optimal Duration Index (ODIN): A New Compass for Lending Decisions
- 4 months 2 days ago
- Lending, Infrastructure
Delfi, the AI-native risk management platform for financial institutions, has introduced the Optimal Duration Index (ODIN), a benchmark designed to bring clarity to loan origination decisions in today’s uncertain interest rate environment.
Loqbox and ClearScore Launch Embedded Support for Declined Credit Applicants
- 4 months 4 days ago
- Lending
Loqbox, the award-winning credit-building platform, has expanded its partnership with ClearScore to help more users who are declined for credit take steps to improve their financial prospects.
Gatehouse Bank Expands Buy-to-Let Product Range for UK Residents
- 4 months 4 days ago
- Lending
Gatehouse Bank has today expanded its Buy-to-Let (BTL) product offering for UK residents to include 5% and 7% product fee options available on two-year and five-year fixed term products. Following today’s updates, the Bank now offers BTL rental rates* for UK residents starting from 3.39%.
