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.
Rapid Finance Announces Availability of API Service to Support State-Level Business Lending Disclosure Requirements
- 1 year 11 months ago
- Lending
Rapid Finance, a market leader in helping small businesses find sustainable and customized financing solutions through a fast and simple application process, announced the availability of its new standalone Software as a Service (SaaS) Regtech module, SMB Disclosure Service, to enable business lenders and financing companies to quickly and easily produce compliant disclosure statements at a state-by-state level.
Disclosure Direct for Salesforce Helps Lenders Comply with New Commercial Lending Regulations
- 1 year 11 months ago
- Lending
Northteq, Inc., a leading provider of Salesforce loan origination solutions, announced that its new commercial lending disclosure application, Disclosure Direct for Salesforce, is now available for commercial and equipment finance lenders.
Indirect Lending Expected to be a Top Trend for Community Banks to Watch in 2023
- 1 year 11 months ago
- Lending
Teslar Software, provider of lending process automation tools for community financial institutions, today shared commentary on what most significantly impacted the lending landscape in 2022 as well as the primary trends for community institutions to watch for in 2023. More community banks will embrace indirect lending to diversify portfolios and keep business local.
Jocata Announces Pan-India Launch of AI/ML based Score ‘SME DNA’ to Power Banks and NBFCs to Scale Priority Sector Lending
- 1 year 11 months ago
- Lending
On the occasion of International Day of Banks, celebrated globally by the banking fraternity on December 4, B2B lending and compliance fintech Jocata announced pan-India rollout of SME DNA score, a proprietary AI/ML based risk and business intelligence score – after having successfully beta tested the model on the GSTN filings of over 20,000 MSMEs with two of the top Indian private lenders and one of the largest development banks in the country.
Ashman to Launch SME Loan Origination Offering on Mambu
- 1 year 12 months ago
- Lending
Ashman, the ambitious new entrant bank serving small and medium enterprises (SMEs) in the commercial real estate sector, has successfully gone live on Mambu. Ashman is currently leveraging Mambu’s cloud banking platform to manage its loan offering to build speedy, personalised service for conscientious property businesses and entrepreneurs in the UK.
Responsible Lender Creditspring Expands Senior Leadership Team with Major Operations Hires as Cost of Living Crisis Drives 2.6M to Seek Affordable Credit in Just One Month
- 1 year 12 months ago
- Lending
Creditspring, the responsible lender, has expanded its senior leadership team with a new Vice President of Operations, Head of Credit Operations and Head of Data as the UK becomes increasingly reliant on credit due to the cost of living crisis.
Black Friday Debt Warning with Almost 8M Brits Wrongly Thinking You Can’t Get into Debt Using BNPL Services
- 2 years 2 days ago
- Lending
Nearly 8m Brits wrongly believe you can’t get into debt using ‘Buy Now Pay Later’ (BNPL) services*, prompting fears that shoppers are at increased risk of financial difficulty this Black Friday and in the run-up to Christmas.
Yubi and axio Tie-up to Deepen Co-lending in India and Enhance Financial Inclusion for Underserved Sectors
- 2 years 3 days ago
- Lending
Yubi (formerly CredAvenue), the world’s first possibility platform that powers the discovery, execution and fulfilment of credit, and axio (formerly Capital Float), India's leading digital consumer finance company offering pay later, credit and personal finance management announced a strategic partnership, through which axio will leverage Yubi’s co-lending platform to continue expanding its retail credit business.
Lending Revolution Predicted as Industry Adopts Secure Yet Frictionless Experience
- 2 years 1 week ago
- Lending
Embedded lending – the integration of lending into non-financial ecosystems – presents a major growth opportunity for lenders. As consumers embrace the uber-convenience of accessing the funding they need when and where they need it, 45% of loans could be taken out in a non-financial context within just five years.
1.7 Million Brits Forced to Borrow from High-cost Lenders to Pay Off Existing Loans Prompting Fears of UK Debt Crisis
- 2 years 1 week ago
- Lending
1.7 million people across the UK are borrowing from high-cost lenders in order to pay off existing debts*, according to research from a responsible lender, Creditspring. A quarter of people (24%) who borrowed from high-cost lenders sought credit so they could repay other debts – prompting fears that millions of people in the UK are at high risk of falling into a debt spiral as interest and debt repayments pile up.
Corporate Lending App, VeriLoan, Now Available on Finastra’s FusionFabric.cloud
- 2 years 1 week ago
- Lending
Finastra today announced the availability of VeriPark’s VeriLoan cloud-based solution on its FusionFabric.cloud open development platform. Pre-integration with Finastra’s Fusion Loan IQ lending software provides out‑of‑the-box integration between loan origination and servicing functions – joining up the corporate lending process for customers, from the moment they apply for funding, right through to servicing the loan.
Over a Quarter of Consumers Want a More Affordable Approach to Debt Repayment from Banks and Credit Lenders
- 2 years 1 week ago
- Lending
Sopra Steria, the purpose-led digital transformation expert, today released findings from its report: How creditors can deliver an unrivalled customer experience (CX) to consumers in vulnerable situations, highlighting that consumers are demanding increased flexibility when it comes to loan repayments amidst the UK’s turbulent economic landscape.
UK LendTech Leader DivideBuy Partners with Acquired.com to Revolutionise Checkout Process
- 2 years 1 week ago
- Lending
DivideBuy, the leading UK Point of Sale (POS) finance pioneer, has today announced a partnership with Acquired.com, a UK payments specialist and payment initiation service provider, through which DivideBuy’s merchants will be able to leverage smart automated tools designed to eliminate the rate of failed transactions, boost approval rates and offer vastly smoother payment experiences for customers.
