Ashman to Launch SME Loan Origination Offering on Mambu
- 3 years 6 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
- 3 years 6 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
- 3 years 7 months 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
- 3 years 7 months 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
- 3 years 7 months 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
- 3 years 7 months 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
- 3 years 7 months 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
- 3 years 7 months 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
- 3 years 7 months 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.
Northteq Launches Aurora Customer Portal
- 3 years 7 months ago
- Lending
Northteq, Inc., a leading provider of Salesforce origination solutions, announced today the launch of the Aurora Customer Portal. The portal is a customer servicing platform with an intuitive interface and easy navigation that helps equipment finance lenders improve customer satisfaction and ease employee workloads.
Arzooo Partners with HDFC Bank to Offer Purchase Cards to Retailers with Up To Rs1 Cr Credit
- 3 years 7 months ago
- Lending
Arzooo (India’s fastest-growing Retail Tech Platform) partners with HDFC Bank (India’s largest Private sector Bank) to launch Purchase cards that have been exclusively designed for offline retailers. The aim is to roll out over one lakh such credit cards over the next 12 months.
Tonik Furthers its Credit Inclusion Leadership in the Philippines by Unveiling New Revolutionary All-digital Loans
- 3 years 7 months ago
- Lending
Tonik, the Philippines’ first neobank, continues to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan. Building on the success of its all-digital savings portfolio and the successful launch of its first lending product, Quick Loan, the new products are set to position Tonik as among the pioneering digital lenders in the country with loans catering to every need.
SME Lending Startup ftcash Gets NBFC Licence from RBI; Aims to Disburse INR 100 Crore in FY23
- 3 years 7 months ago
- Lending
SME lending startup, ftcash has received a licence from the Reserve Bank of India to set up a non-banking financial company. With this, the company aims to disburse loans worth INR 100 crore in FY23.
DTOne’s Lending Arm, Ezra, Announces Erwan Gelebart as CEO
- 3 years 7 months ago
- Lending
Ezra, the fintech company that partners with financial service providers to offer credit solutions to financially underserved consumers and SMEs, has appointed Erwan Gelebart as its new CEO to drive its agenda for growth. Built upon 12 years of success, Ezra was born from TransferTo Group along with leading Fintech companies including DTOne and Thunes. Gelebart now leads a 100-strong team which operates across three offices in Dubai, Nairobi and... more
Yabx Enters Nigeria to Democratise Credit Across the Country
- 3 years 7 months ago
- Lending
Yabx, a FinTech venture headquartered in the Netherlands, today announced its foray into Nigerian markets with a mission to democratize credit across the country with its digital lending offerings.
