CFPB Seeks Input on Detecting Discrimination in Mortgage Lending
- 3 years 1 week ago
- Lending
Insights gathered will support a fairer mortgage market Today, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) to seek input on rules implementing the Home Mortgage Disclosure Act (HMDA). The CFPB plans to review recent changes to the rules and evaluate their effectiveness. This evaluation will strengthen the CFPB’s ability to maintain a fair, competitive, and non-discriminatory mortgage market.
finova to Partner With Leading Specialist Lender, Quantum Mortgages
- 3 years 1 week ago
- Lending
finova, the leading mortgage and savings tech provider, today announces its partnership with Quantum Mortgages – an intermediary-only specialist lender supporting landlords across the UK. finova and Quantum expect to launch formally by Q1, 2022.
Robocash Group Surpasses Initial Disbursement Goal, Issuing 547 M in 9 Months of 2021
- 3 years 1 week ago
- Lending
According to the results of Q3 2021, international fintech holding Robocash Group has issued 547.3 M USD worth of loans. Notably, every fifth loan was issued to the new customers.
The Growth in SME Loans and illimity's Profits Continues in the Third Quarter of 2021
- 3 years 2 weeks ago
- Lending
Operating Profit of 77.5 Million Euro for 9M21 (+176% Over 9M20) Net Profit of 46.2 Million Euro for 9M21 (+90% Over 9M20) Net Profit of 18.8 Million Euro in the Third Quarter of 2021 (+26% Compared to 2Q21 and +98% Compared to 3Q20)
Lockdown Sees Fintechs Take Significant Market Share From Banks in Lending, With Open Finance Set to Level the Playing Field Further.
- 3 years 2 weeks ago
- Lending, Credit Cards, Banking
Data from ClearScore shows challengers and fintechs stealing share of lending market during Covid-19 pandemic ClearScore data suggests there are 9.3m credit customers ready to use open finance for their lending needs, 3.2m of whom are currently poorly served by the market Early adopters of open finance data-sharing are lower risk says ClearScore
Twenty7Tec to Roll out APPLY Integration with Leeds
- 3 years 2 weeks ago
- APIs, Lending, IT Innovations
Twenty7Tec today announces that it has completed an APPLY integration with Leeds Building Society, enabling users of CloudTwenty7 to seamlessly submit applications to Leeds Building Society without the need for re-keying.
X-Margin and Clearpool Partner to Bring Transparent Lending to Institutions Trading Digital Assets
- 3 years 2 weeks ago
- Lending, Cryptocurrencies, Data
Partnership to unlock uncollateralized credit for institutional crypto trading, using Clearpool’s innovative protocol mechanics Tokenized credit to open up secondary market and new products such as credit derivatives
Biz2Credit Small Business Lending Index™ for October Finds Loan Approval Rates Rose at Banks and at Non-Bank Lenders for Sixth Straight Month
Small business loan approval percentages at big banks ($10 billion+ in assets) increased from 14% in September 2021 to 14.1% in October.
eKeeper and Burrow Rebrand to finova Broker Platform
Rebrand follows years of significant investment in the platform Recent innovation has resulted in an 80% growth in the platform’s user base Fintech provider finova, formally DPR Group, today announces the rebrand of eKeeper and Burrow to finova Broker Platform - offering brokers a range of digital solutions to enhance their efficiency as well as their customer experience.
Twenty7Tec Releases Mortgage Market Report – October 2021
- 3 years 3 weeks ago
- Lending
Twenty7Tec, the market-leading mortgage tech provider, has released its monthly findings from the UK mortgage market for October. Key findings for October 2021 include:
Minterest To Be Deployed On Moonbeam, In Line With Its Vision of Creating a Fairer, More Inclusive DeFi System
- 3 years 3 weeks ago
- Lending
The news follows Minterest’s recent $6.5m raise to create a new, fairer DeFi structure that puts users first Minterest, a value-capturing lending and borrowing protocol designed to make DeFi fairer for users, has announced that it will be deployed on Moonbeam, an Ethereum-compatible smart contract parachain on Polkadot.
CFPB Finds Credit Report Disputes Far More Common in Majority Black and Hispanic Neighborhoods
- 3 years 3 weeks ago
- Lending, Data Protection
Report Provides Additional Insight into Previously Observed Trends
Online Mortgage Broker Finds New Home In the Heart of Manchester
- 3 years 3 weeks ago
- Lending
Mojo Mortgages has announced it will be relocating its head office to Manchester city center as the business enters its next phase of growth. The online mortgage broker, based in Macclesfield prior to the pandemic, has been operating as a remote-first business over the past 18 months with new members of staff joining the team from across the UK. The new office will provide a hub for staff to collaborate and provide a space for those who wish to... more
Levo Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform to Enhance Loan Approvals and Member Experience
- 3 years 3 weeks ago
- Artificial Intelligence, Lending, Credit Cards
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Levo Credit Union has chosen its AI-powered platform, enabling the credit union to make faster loan approvals, reaching more members, increasing loan approval rates and enhancing member experience.
Atom Bank Launches Fixed Rate Secured Loans for Businesses
Atom, the UK’s first app-based bank, which has provided funding for over £1bn in lending to UK SMEs, has now launched fixed rate secured loans for businesses. Available from 27 October, the products complement Atom’s existing variable rate secured business loans and its partnership with Funding Circle to support unsecured lending to SMEs.
