Moody’s Acquires Numerated Growth Technologies, Expanding Lending Technology Solutions
- 4 months 1 week ago
- Lending
Moody’s Corporation announced today that it has acquired Numerated Growth Technologies (Numerated), a loan origination platform for financial institutions. The transaction further expands Moody’s Lending Suite capabilities across the credit lifecycle, providing banking customers with a powerful end-to-end loan origination and monitoring solution.
Two-Thirds of Brits Use Retail Credit to Pay for Christmas
- 4 months 1 week ago
- Lending
Two-thirds of Brits have used or plan to use retail credit during the Christmas season. Moneyhub’s Christmas Retail Credit Report reveals that retail credit users spend an average of £1,012.55 over the holidays, with £759.71—nearly three-quarters—financed through retail credit. It also highlights how Open Banking can help lenders and retailers better serve customers and manage lending risks.
eKeeper Launches as finova Broker
- 4 months 1 week ago
- Lending
finova Broker, formerly known as eKeeper Group, today launches as a dedicated arm of the finova brand, bringing a fresh, focused approach to supporting the needs of the intermediary sector. The launch of finova Broker as a distinct entity within the finova group is a natural evolution in the company’s commitment to mortgage brokers. As a result, there will be strengthened investment in tailored CRM solutions designed to meet brokers' unique... more
TreviPay Embeds Dynamic Trade Credit Application Into B2B Buyer Onboarding Process
- 4 months 1 week ago
- Lending
TreviPay, the most-trusted B2B payments and invoicing network, has expanded
Afterpay’s BNPL Now Available On Google Pay, Offering Shoppers Even More Choice And Flexibility
- 4 months 1 week ago
- Lending
Afterpay, a leading Buy Now, Pay Later (BNPL), announced today its flexible payment functionality will be available for consumers checking out online through Google Pay at select merchants.
ClearScore Launches Credit Health, A Revolutionary Approach To Accessing Good Credit
- 4 months 1 week ago
- Lending
ClearScore, the leading financial marketplace in the UK, South Africa, Australia, New Zealand and Canada, today announces the launch of ‘Credit Health’, an innovative new platform which redefines how users and lenders can leverage credit and affordability data.
Consumer Research Finds 15% Of UK Consumers To “Buy Christmas Now, Pay Later” This Holiday Season
- 4 months 1 week ago
- Lending
State of Credit research from Marqeta, the global modern card issuing platform, reveals that 15% of UK consumers surveyed will use Buy Now, Pay Later (BNPL) this Christmas, aligning with a growing trend towards online shopping where digital and flexible payment options are more readily accessible.
CFPB Pilot Study Finds Differential Treatment in Small Business Lending Markets
- 4 months 2 weeks ago
- Lending
Today, the Consumer Financial Protection Bureau (CFPB) released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans. The research found that Black entrepreneurs received less encouragement to apply for a loan and were more frequently steered toward alternative loan products compared to white shoppers with similar or weaker business credit profiles. While focused on specific testing... more
Equifax UK Launches First-of-Its-Kind Affordability Solution for Lenders
- 4 months 2 weeks ago
- Lending
Credit reference agency Equifax UK has launched a first-of-its-kind solution for lenders, combining bureau insights with real-time transaction data accessed via Open Banking and statistical estimates to boost affordability assessments and customer outcomes.
Marqeta Announces Marqeta Flex, an Industry-Leading, Buy Now, Pay Later Solution That Can Be Embedded Into Payment Apps
- 5 months 4 days ago
- Lending
Marqeta , the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today unveiled its
RSM UK Urges 'Buy Now Pay Later' Providers To Protect Vulnerable Customers
- 5 months 1 week ago
- Lending
As the government plans to regulate buy now pay later firms by 2026, more than one in ten millennials (13%) and Gen Z (11%) consumers plan to put Christmas on credit using buy now pay later apps, RSM UK’s latest Consumer Outlook reveals.
Finastra Reveals Loan IQ Simplified Servicing Solution for Bilateral and SME Loans
- 5 months 1 week ago
- Lending
Finastra today announced its Loan IQ Simplified Servicing solution at Sibos 2024. The solution takes the rich functionality available in Finastra’s Loan IQ and combines it with a streamlined user interface that’s optimized for servicing high volume bilateral and SME loan portfolios.
General Motors and Barclays Sign Long-Term Credit Card Partnership Agreement
- 5 months 2 weeks ago
- Lending
General Motors Co. and Barclays US Consumer Bank today announced they have entered into a long-term partnership agreement for Barclays to be the exclusive issuer of the GM Rewards Mastercard and the GM Business Mastercard in the United States starting next summer.
Zopa Bank Partners with John Lewis Money to Offer Personal Loans Directly to Its 23 Million Customers
- 5 months 2 weeks ago
- Lending
Zopa Bank has partnered with John Lewis Money, the financial services arm of John Lewis Partnership, to offer personal loans to its 23 million customers. The partnership will see Zopa embed in John Lewis Money its award-winning, digital-first personal loan product, giving the retailer’s customers more finance options that are great value, simple, and transparent.
SoFi Expands Loan Platform Business With $2 Billion Agreement With Fortress Investment Group
- 5 months 2 weeks ago
- Lending
SoFi Technologies, Inc., a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The agreement will expand SoFi’s capabilities in its loan platform business, where the company refers pre-qualified borrowers to... more
