Global Holiday Season Spending Expected to Grow by 16% in 2024, BNPL Surges While Synthetic Identity Fraud Emerges as Top Threat
- 1 month 1 week ago
- Lending
Global holiday spending is expected to rise 16% in value from October through December 2024 compared to the same period last year, according to analysis by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology.
ROSHI Report: Digital Lending Market to Hit $795 Billion by 2029
- 1 month 2 weeks ago
- Lending
The report reveals significant growth projections across various sectors of digital lending. AI-powered lending models are expected to enhance credit risk assessment, potentially improving performance by 10-15% compared to traditional models. The global peer-to-peer lending market is projected to surpass US$705.81 billion by 2030, growing at a CAGR of 26.7% from 2022 to 2030.
Experian Partners with Oakbrook to Launch Innovative Debt Consolidation Loans
- 1 month 2 weeks ago
- Lending
Experian Consumer Services is excited to announce a partnership with Oakbrook, a leading non-bank consumer lender, to offer debt consolidation loans on the Experian Marketplace using Paylink’s innovative ReFi technology. This collaboration marks a significant milestone in improving financial inclusion and unlocking access to credit for more customers.
Klarna Now an Official Apple Reseller with the Launch of New Storefront, Offering the Latest Apple Products and a New Flexible Monthly Payment Option
- 1 month 2 weeks ago
- Lending
Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers can purchase Apple products using its flexible payment options. Now an official Apple reseller, Klarna also launches a brand new, bespoke payment option for Apple products: Upgrade Financing. This new payment option makes Apple’s innovative product lineups available for as little... more
Responsible Lender Creditspring Hits One Million Loans as It Provides Affordable Lifeline to Vulnerable Households
- 1 month 3 weeks ago
- Lending
Responsible lender, Creditspring, has provided over one million affordable loans to borrowers seeking short-term financial support.
Scotiabank Expands Partnership with Nova Credit to Enhance Digital Credit Access for Newcomers Across Canada
- 1 month 3 weeks ago
- Lending
Scotiabank is helping recent immigrants to Canada settle into their new lives faster with the expansion of its partnership with Nova Credit, the leading cross-border credit bureau operating in Canada.
Multitude Bank and Salt Edge Join Forces to Optimize Loan Repayment
- 1 month 3 weeks ago
- Lending
Multitude Bank p.l.c., a core subsidiary of the Nordic-born listed FinTech, Multitude Group, offers digital lending and online banking services to consumers and SMEs across Europe. The Bank has now partnered with Salt Edge, a leading open banking platform, with a goal to enable instant loan repayments.
Klarna and Xero Bring ‘Buy Now, Pay Later’ to Small Businesses
- 1 month 3 weeks ago
- Lending
Klarna, the AI-powered global payments network and shopping assistant, is working with global small business platform Xero, to help small businesses accept payments from consumers wanting a ‘buy now, pay later’ option. For Xero’s customers*, offering Klarna’s alternatives to traditional credit means they can get paid up front while their customers don’t have to worry about high interest rates and hidden fees.
Rapid Finance and Gestalt Tech Announce Strategic Integration to Enhance SMB Lending Capabilities
- 1 month 3 weeks ago
- Lending
Rapid Finance, a leading small business financing platform specializing in providing customized financing solutions, announced its new partnership with Texas-based Gestalt Tech, a provider of a cutting-edge data warehouse solution designed for financial institutions. Through this partnership, lenders using Gestalt can seamlessly integrate with Rapid’s small business lending automation solution, Decisioneer.
KOHO and Propel Announce Exclusive Partnership to Expand Lending Access in Canada
- 1 month 4 weeks ago
- Lending
KOHO announces today their new partnership with Propel Holdings Inc. (“Propel”) (TSX: PRL). Through its Canadian brand Fora Credit, Propel will act as KOHO’s exclusive embedded lending partner. The partnership will allow qualified KOHO users to access a line of credit through Propel’s AI-powered lending platform within the KOHO app.
P2P Sustains Solid Real Returns in 2024 – Can It Keep Up?
- 2 months 1 week ago
- Lending
The analysts of the Robocash platform summarized the results of the first half of 2024, calculating the real return on assets for the reporting period. The findings showed that all major global markets are entering a sustainable growth trajectory compared to last year's performance.
Experian and Oakbrook Partner to Give Consumers More Competitive Loans
- 2 months 1 week ago
- Lending
Experian has today announced that Oakbrook, a non-bank provider of consumer lending solutions, will now be using Experian Boost data in its decisioning process for personal loan applications. This partnership will increase access to credit for customers who traditionally may not have been eligible - driving financial inclusion and offering more competitive loan options.
Experian and Paylink Solutions Partner to Launch Debt Consolidation Solution
- 2 months 2 weeks ago
- Lending
Experian has today announced its new partnership with Paylink, a leading provider of affordability software and payments, to address affordability restrictions with debt consolidation loans. This partnership will leverage Paylink's pioneering ReFi™ product and expand access to credit for a wider range of consumers through the Experian Marketplace.
Coreless Banking Pioneer XYB Bolsters Lending Team to Accelerate Growth
- 2 months 2 weeks ago
- Lending, People Moves
XYB, the leading coreless banking platform, has strategically strengthened its lending proposition by welcoming a highly skilled team from Bankish, renowned for its innovative lending solutions. Hiring this team will significantly enhance XYB’s lending capabilities and accelerate the advancement of its next-generation lending engines.
Leeds Credit Union Revolutionises Loan Decision Making
- 2 months 3 weeks ago
- Lending
Leeds Credit Union (LCU), in a groundbreaking partnership with software companies LendingMetrics and Singlify, is set to transform the credit union sector with the introduction of a new loan decisioning platform.
