Galileo Expands Buy Now, Pay Later Offering to Help Lenders Reach SMBs
- 1 year 1 month ago
- Lending
Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc., announced today that its Ga
Versana Surpasses Major Milestone With More Than 1,500 Syndicated Loan Facilities Now Available on its Transformative Digital Data Platform
- 1 year 1 month ago
- Lending
Versana today announced that it has surpassed a key milestone of more than 1,500 syndicated loan facilities and approximately $900 billion in global loan commitments on its transformative, real-time digital data platform in less than a year since its product launch.
FullCircl and nCino Partnership Provides Data-Driven Experiences to SME Lenders
- 1 year 1 month ago
- Lending
FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps financial institutions (FIs) do better business faster, has announced a partnership with nCino, a pioneer in cloud banking. The partnership brings together FullCircl’s advanced
Fuse Launches Income Verification Tool to Support Lenders to Improve Decision Making for Borrowers with Non-Traditional Income Patterns
- 1 year 1 month ago
- Lending
AI powered transaction analytics firm, Fuse, has enhanced its offering with the introduction of a new Income Verification Tool, which uses transaction data to provide lenders with detailed insight and probabilistic estimates into the income streams of prospective borrowers, while also painting a fuller picture of their financial position in real time.
Lending Standards Board Joins UK Regulators’ Network to Foster Collaboration and Consumer Protection
- 1 year 1 month ago
- Lending
The Lending Standards Board (LSB), the primary self-regulatory body for the banking and lending industry, is pleased to announce its membership of the UK Regulators’ Network (UKRN). This partnership will further enhance collaboration among regulators from various sectors, promoting better outcomes for consumers, SMEs, and the economy.
Gen X and Millennials Now Outspend Gen Z on Buy Now, Pay Later Services
- 1 year 1 month ago
- Lending
Millennials and Gen X said they spent more than Gen Z when it comes to using buy now, pay later for online shopping over the past 12 months according to the latest Q3 2023 Consumer Pulse survey from a global information and insights company TransUnion. Compared to 54% of Millennials and 39% of Gen X who reported spending spent above £500, only 35% of Gen Z said they spent above this amount.
Embracing the World of Checkout Finance Beyond BNPL
- 1 year 1 month ago
- Lending
In this dynamic financial landscape, businesses can unlock tailored credit solutions by exploring the wide-ranging checkout finance ecosystem.
SMEs Repay Over £5 Billion in First Six Months of 2023 to Erode Pandemic Debt Pile
- 1 year 1 month ago
- Lending
Analysis of the Bank of England’s data1 on SME lending shows that through the first half of 2023 SME’s saw net lending decrease by £5.3 billion. The research by Ebury, the global financial technology firm helping to simplify international trade for SMEs, highlights the urgency with which businesses are now making debt repayments in the aftermath of the various COVID-19 loan schemes and the rising cost of servicing that debt.
Almost Half of UK Home-buyers Slam Mortgage Lenders for Using “Outdated” Affordability Assessments
- 1 year 2 months ago
- Lending
New research from GoCardless, the bank payment company, reveals that mortgage lenders have a long way to go to keep their customers happy. 41% of British consumers believe lenders are relying on “outdated” methods to assess mortgage affordability, rising to 48% of those who have purchased a property within the last 12 months. First-time buyers and the self-employed are most disillusioned
New Fintech Report: Non-bank Lenders are Demonstrating Resilience in the Face of a Tumultuous Economy.
- 1 year 2 months ago
- Lending
A new report from business data API provider
Froda and Visa Join Forces with Checkout.com to Enable Visa Direct for Embedded Business Loans Payouts
- 1 year 2 months ago
- Lending
Froda, one of Sweden’s fastest-growing fintechs, has announced a groundbreaking partnership with Visa and Checkout.com that revolutionizes the use of Visa Direct. The solution introduces innovative push-payment functionality for business lending, enabling seamless payouts and repayments for businesses across Europe.
B2B BNPL Provider Hokodo Partners with Fuse to Improve Credit Decisioning and Unlock Finance Options for Small Businesses
- 1 year 2 months ago
- Lending
Europe’s leading provider of digital trade credit solutions, Hokodo, has partnered with AI-powered transaction analytics firm, Fuse, to enhance its credit offering to businesses in the UK. The partnership empowers businesses to access more personalised credit options by combining Fuse’s credit risk and Income Verification tools with Hokodo’s B2B lending capabilities.
Rapid Enterprise Announces New SMB Lending Capabilities and System Enhancements for Digital LOS, Decisioneer, at FinovateFall 2023
- 1 year 2 months ago
- Lending
Rapid Enterprise, a division of Rapid Finance and an industry leader in delivering automated and scalable Lending-as-a-Service (LaaS) solutions to support the growth and success of small businesses, announced today from FinovateFall 2023 a host
Lenders Can Help Brits Improve Financial Resilience with Data Amidst COL Crisis
- 1 year 2 months ago
- Lending
As the cost-of-living crisis pushes record numbers of people to the financial edge, with many relying on loans, overdrafts or credit, Moneyhub Decisioning warns that many Brits may be at risk of falling into a spiral of missed payments and loan defaults. Of those who have experienced difficulties, a tenth (10%) said they believe the product they were on was not the most suitable for their circumstances.
LHV Bank Introduces an Upgraded SME Lending System
- 1 year 2 months ago
- Lending
LHV Bank, the UK’s newest licenced bank, has rolled out a new loan system for its SME Lending division, transitioning to the cloud-based banking system of its SaaS partner, Tuum. This move consolidates the bank’s architecture, enhances resource allocation, and establishes a robust futureproof framework, free of legacy system challenges.
