Fintech CEO: Federal Home Loan Bank Has No Business in Crypto
- 1 year 10 months ago
- Lending
Silvergate Bank, known for offering banking services to the emerging cryptocurrency industry, has taken advantage of a quasi-federal lending program, the Federal Home Loan Bank of San Francisco, in order to stay afloat during a run on the bank. In Q4 of 2022, the bank saw customer withdrawals of $8.1 billion, accounting for 70% of the bank’s deposits. The Federal Home Loan Bank system was created during the Great Depression in order to make... more
Temenos Launches Next-Generation AI-Driven Corporate Lending to Help Banks Tap Global Corporate Credit Growth
- 1 year 10 months ago
- Lending
Temenos today launched the next generation of its AI-driven, Corporate Lending solution to enable banks to consolidate global commercial loan portfolios and unify servicing all on the Temenos banking platform.
TradeIndia’s Digital Lending Platform Disbursed Over INR 500 Million Loan to SMEs within 6 Months of its Launch, Expects 5X Growth in 2023
- 1 year 10 months ago
- Lending
TI Lending, India’s first digital lending solution for SMEs, announced the disbursement of loans totalling more than INR 500 million to SMEs and MSMEs in the country within six months of its launch. TI Lending is an exclusive digital loan solution initiative by TradeIndia.com, India’s largest B2B marketplace. TradeIndia.com has collaborated with leading lending platforms like ICICI Bank, Mintifi, Indifi, Flexiloans, IIFL, EFL and Moneywide to... more
mPokket Turns 7, Empowering and Extending Credit to the Underserved Youth of India
- 1 year 10 months ago
- Lending
Launched in 2016, India’s youngest and fastest-growing lending platform, completes its 7 years of operation. Since its inception, within a very short period of time, the lending platform has disbursed loans amounting to INR 7000 crore to date. The company disbursed INR 3500 crore in 2022 and plans to double its originations in 2023. The business has maintained a steep growth trajectory while remaining entirely committed to its purpose of... more
Allica Doubles Maximum Loan Size to £10M and Provides Further Support to Care Home Market
- 1 year 10 months ago
- Lending
Allica Bank, the fintech challenger bank dedicated to supporting established SMEs, has doubled its maximum commercial mortgage loan size from £5 million to £10 million as it looks to ramp up support for business owners in a challenging market. In what is the largest percentage increase in the bank’s history, the new £10 million limit will cover both single loans and the combined value of multiple loans to the same customer.
Digital Lending Platform Market Revenue to Cross $59B by 2032
- 1 year 10 months ago
- Lending
As per a recent industry report put forward by Global Market Insights, Inc. Digital Lending Platform Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 59 billion by 2032 with a projected CAGR of 20.5% over 2023-2032.
Cloud-native Issuer Processor Enfuce and Orka Ventures Launch Market-first Consumer Lending Offering
- 1 year 10 months ago
- Lending
Pioneering issuer processing powerhouse, Enfuce, today announces a new partnership with Orka Ventures, the Nordic-Czech fintech holding company, to launch Orka Card, a new consumer lending card and mobile app that challenges the traditional understanding of ‘Buy Now Pay
Biz2Credit Small Business Lending Index™ Reports Little to No Growth in Business Loan Approval Percentages in 2022
- 1 year 10 months ago
- Lending
Small business loan approval percentages at
LenDenClub Appoints Nirmal K. Rewaria as Chief Business Officer – Investments
- 1 year 10 months ago
- Lending
LenDenClub, India's largest Peer-to-Peer Lending platform, with its vision to drive financial inclusion, is building a formidable leadership team as it prepares for its next growth phase. To this effect, the RBI registered NBFC-P2P has made a key leadership appointment and hired Nirmal K. Rewaria as its Chief Business Officer - Investments.
LHV UK Starts Issuing SME Loans After Gaining Annex I Registration From the FCA
- 1 year 11 months ago
- Lending
LHV UK (or the 'Company') announces it will today start issuing Small Medium Enterprise ('SME’) loans as the Financial Conduct Authority (the 'FCA') approved the Company's Annex I financial institution registration, a prerequisite to issuing loans in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
Azentio Software Wins the Best Digital Lending & Collections Implementation Award at IBSi Global FinTech Innovation Awards 2022
- 1 year 11 months ago
- Lending
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Best Digital Lending and Collections Implementation Award for the Most Impactful Project’ at the 4th edition of the IBS Intelligence (IBSi) Global FinTech Innovation Awards 2022.
UK LendTech Leader DivideBuy Reports Encouraging Sales at Black Friday 2022
- 1 year 11 months ago
- Lending
DivideBuy, the leading UK Point of Sale (POS) finance pioneer, has today revealed continued sales success for Black Friday 2022 following a strong 2021, with an increase in gross sales and a 12.8% increase in gross merchant value from previous years.
Freedom Finance Launches Improved Auto Finance Service Strengthening Embedded Lending and Consumer Marketplace
- 1 year 11 months ago
- Lending
Freedom Finance, the award winning embedded lending and digital lending marketplace, is delighted to announce that it has launched an improved auto finance service to provide greater choice for customers. Customers will enter a bespoke vehicle finance journey that allows Freedom Finance to better identify their needs and provide customers with more accurate auto finance options that suit their personal circumstances.
Biz2Credit Small Business Lending Index™ Reports Loan Approval Percentages Dropped at Banks and Credit Unions in November
- 1 year 11 months ago
- Lending
Small business loan approval percentages at
finova Payment and Mortgage Services Adds StrideUp to Lender Panel
- 1 year 11 months ago
- Lending
finova Payment and Mortgage Services today announces its partnership with home finance provider, StrideUp, extending the range of lending products available to finova’s directly authorised (DA) broker club.
