Community Choice Credit Union To Deploy Scienaptic’s AI-Powered Credit Decisioning Platform
- 3 years 1 month ago
- Artificial Intelligence, Lending
Deployment aims to significantly improve loan approval rate and automated decisions\ Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Community Choice Credit Union has chosen its AI-based underwriting platform to provide enhanced and faster credit decisions for its members.
EIF Backs Lending Marketplace Estateguru in Launching a New Credit Fund
- 3 years 1 month ago
- Lending
The European Investment Fund (EIF) has committed to making a cornerstone investment in the Estateguru Senior Secured Credit Fund The new fund has a target size of up to €170 million and is aiming to invest in senior secured SME property-backed loans originated primarily in the Baltics, Finland and Germany
Forest Area Federal Credit Union Selects Scienaptic’s Platform For AI-Based Credit Underwriting
- 3 years 1 month ago
- Artificial Intelligence, Lending
Scienaptic's platform to enable deeper automation of lending and more approvals Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Forest Area Federal Credit Union has selected its platform for faster credit decisioning.
UK SMEs set to Benefit as Growth Lending Partners with Currencycloud
- 3 years 1 month ago
- Lending, Alternative Finance
The B2B alternative finance provider Growth Lending has partnered with Currencycloud, the experts simplifying business in a multi-currency world. Clients will enjoy rapid access to funds, greater flexibility and access to leading FX solutions.
Revenues, Profits of Companies Owned by Women Decreased During 2021: Biz2Credit Women-Owned Business Study
- 3 years 1 month ago
- Lending, Credit Cards
Analysis of 100,000 Firms Finds Pandemic Revenues and Profits Fell Last Year NEW YORK, March 08, 2022 (GLOBE NEWSWIRE) -- The annual Biz2Credit Women-Owned Business Study found that profits for female business-owners dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, the primary reason profits fell in 2021.
Lending Industry Must Be Alert to Poor Consumer Outcomes as Millions Still Not Shopping Around for Credit
- 3 years 1 month ago
- Lending
Fifteen million UK borrowers have a ‘poor understanding’ of how to compare loan costs • 40% who took out personal loans did not compare the rate available with other providers, and 23% did not know the “rough” APR on the loan they had taken out • Freedom Finance matches people to loans they are eligible for at the best possible rates
The ‘Pink Tax’ Found to Be a Barrier for Women Investing in Long-term Savings
2 in 5 men and women believe it costs more to be a woman because of the ‘pink tax’ The majority of survey respondents believe it costs more to be a woman because women are under more pressure to consume than their male counterparts (46% female and 41% male) 14% of female respondents believe that life being more expensive as a woman is a key barrier women experience when saving for retirement, compared to 9% of male respondents
Yooz Named Top Performer in the Winter 2022 Accounts Payable Software Customer Success Report
Yooz has been named a Top Performer in the Accounts Payable Software category for the Winter 2022 Customer Success Report published by FeaturedCustomers. FeaturedCustomers is the leading customer success content marketing platform for B2B business software & services helping potential B2B buyers make informed purchasing decisions through vendor validated customer success content such as customer testimonials, success stories, case studies,... more
TotallyMoney Launches new Cashplus Credit Card to Close the £6Bn SME Lending Gap for UK’s 3.2 Million Sole-traders
- 3 years 1 month ago
- Lending, Credit Cards
TotallyMoney, the credit app which helps everyone move their finances forward, has partnered with Cashplus, the leading SME-focused digital challenger to launch its new, market-leading cashback credit card.
finova Bolsters Its Servicing Proposition With Migration to Microsoft Azure
Leading fintech provider finova fully migrates its servicing solution to the cloud using cloud computing service, Microsoft Azure The enhanced product has built-in security controls, advanced self-serve features and leverages finova’s API gateway for rapid third-party integration The proposition is integrated to finova’s market-leading Apprivo2 core banking platform
DataLend: $634 million in Securities Lending Revenue in February 2022
- 3 years 1 month ago
- Lending
Corporate Debt Lending Revenue Doubles Year Over Year The global securities finance industry generated $634 million in revenue for lenders in February 2022, according to DataLend, the market data division of fintech EquiLend. The figure represents a less than 1% increase year over year from the $631 million generated in February 2021.
Bethpage Federal Credit Union To Go Live With Scienaptic’s AI-Powered Credit Decisioning Platform
- 3 years 2 months ago
- Artificial Intelligence, Lending
Initial tests show potential for 70-90% increase in automated decision-making and double-digit increases in credit approvals for card and auto portfolios
TreviPay Announces Acquisition of BATON Financial Services, Inc.
- 3 years 2 months ago
- Lending, Trading Systems, Banking
Acquisition aims to better serve small B2B businesses struggling to manage cash flow, provide trade credit to buyers
Virgin Money Introduces Paylink Solutions’ Affordability Platform Across Its Lending Products
- 3 years 2 months ago
- Lending, Platform Technology
Virgin Money has enhanced the way customers who have fallen into arrears provide their income and expenditure (I&E) information as part of a new digital affordability platform, delivered by Paylink Solutions. The customised software brings Virgin Money’s operations together as part of a consistent affordability system for agents and customers to self-serve.
Fabrick and Valocity Commence New Sales Partnership Agreement to Bring Australasia’s Foremost Property Valuation Solution to Europe
- 3 years 2 months ago
- Lending
Valocity’s world class property valuation solution that has powered over $1 trillion worth of lending decisions, will now be available to European banks, allowing them to streamline mortgage approval for seamless customer experiences Fabrick has become Valocity’s first partner in Europe and plans to make Valocity APIs available within the Fabrick Open Finance ecosystem
