Bounce Back Loan Scheme Top-Ups Open for Eligible Businesses
From today, participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer smaller businesses across the UK a ‘top-up’ to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them. The Bounce Back Loan top-up will be available from several large lenders from today, with other lenders anticipated to make the top-up available in due course.
OMNIO KESHO Partners With Credit Kudos to Expand Credit Union Services Portfolio
- 4 years 3 weeks ago
- Lending
Omnio, the Banking as a Service platform FinTech, has announced that its credit union business KESHO has agreed a partnership with Credit Kudos, an FCA-authorised challenger credit reference agency and Open Banking Account Information Service Provider (AISP). Through Credit Kudos’ direct connections to the UK’s largest banks - via Open Banking - the company helps lenders, brokers, and financial institutions make better and faster credit... more
iwoca Makes Its “Buy Now, Pay Later” Product Free for SMEs During Lockdown
iwoca, one of Europe’s largest small business lenders, announces that its invoice payments product – iwocaPay – will be free throughout the UK’s second national lockdown to support small businesses impacted by coronavirus.1
British Business Investments Announces New £30 Million Commitment to Back UK SMEs through Funding Circle’s UK SME Direct Lending Fund
British Business Investments, a commercial subsidiary of the British Business Bank, today announces a £30 million commitment to support UK small businesses through Funding Circle’s UK SME Direct Lending Fund.
UK Consumers Struggled to Reach Lenders About Payment Problems in Pandemic
New FICO research [1] reveals that 1 in 10 UK borrowers found it hard to get assistance during the first phase of the pandemic; financial service providers need to be better equipped to offer support as extension of payment holidays come into force this week Highlights Motor finance customers faced the greatest challenge making contact with their lender at the start of the pandemic at 33 percent
N Brown’s Deployment of Affordability Insights from Aire Surpass 40,000 New Customer Credit Applications
- 4 years 3 weeks ago
- Lending
Aire, the credit insight service, today announced that its affordability assessment has helped N Brown Group PLC improve credit decisioning for more than 40,000 new customer credit applications. The first partnership of its kind in the digital retail sector, Aire now supports credit applications across all of N Brown’s brands, including Jacamo, JD Williams, Ambrose Wilson and Simply Be - as well as their newest brand, Home Essentials.
GenZ Most Reliant on Credit as UK Population Continues to Struggle Financially
- 4 years 3 weeks ago
- Covid-19, Lending, Personal Finance
People in the UK continue to feel the strain on their finances due to COVID-19 with those aged 18 to 24 most affected - according to credit reference agency Credit Kudos’ second Borrowing Index, which drills down into the nation’s current borrowing behaviour. The survey of 2,000 people across the UK found that almost two in five (37%) of the youngest adults have seen their finances impacted (compared to 26% across the UK), while 43% had to... more
Smartr365 Partners with Digidentity for Digital ID Verification
- 4 years 3 weeks ago
- Digital Identity, Lending
Smartr365, the end-to-end mortgage platform, has today announced a new exclusive partnership with Digidentity, the mortgage market’s premium digital ID provider.
Koodoo and Credit Kudos to Deliver Digital Mortgage Applications Through Open Banking
- 4 years 3 weeks ago
- Lending, Open Banking
Digital mortgage platform Koodoo selects challenger credit reference agency Credit Kudos as Open Banking provider to deliver a better end-to-end digital mortgage journey. Koodoo works with over 40% of the UK mortgage lending market and powers the mortgage categories for 45% of the UK price comparison market to intelligently connect homeowners with their next mortgage. It will use Credit Kudos’ platform to incorporate Open Banking technology to... more
Loans Issued via AI Underwriting to Reach $315 Billion by 2025, as Banks Leverage AI to Assess Risk
A new study from Juniper Research has found that the value of unsecured loans issued via AI underwriting platforms will reach $315 billion in 2025, up from just $24 billion in 2020.
OPR-Bedrijfskrediet and Vilja Launch Line of Credit Offering in the Netherlands
- 4 years 4 weeks ago
- Lending
As of October 29, OPR-Bedrijfskrediet is live with Vilja Line of Credit for SME customers in the Netherlands. OPR-Bedrijfskrediet helps entrepreneurs to adjust the company’s finances and highly variable cash flows by providing business loans in a fast and transparent manner. Vilja Line of Credit solution simplifies the way a company can drive new revenue streams and has the quickest time-to-market when it comes to both create and launch new... more
iController Nominated for Deloitte’s Technology Fast 50
- 4 years 1 month ago
- Lending, Risk Management
iController is nominated for Deloitte's Technology Fast 50. With a growth rate of 141.98%, the bootstrapped company continues its efforts as an innovative partner. Today, Deloitte announced the nominees for its Technology Fast 50, the top 50 fastest growing technology companies in Belgium. A striking newcomer is iController, which has seen a turnover growth of no less than 141.98% over the past four years (2016-2019).
Zopa Launches New Credit Card to Help Customers Control Their Money
- 4 years 1 month ago
- Lending
Zopa has launched its first ever credit card, challenging industry standards with a product specifically designed to help customers stay in control of their money and their debt. Recent research from the digital bank revealed that 17% of Brits surveyed don’t believe they have tools to manage their credit cards efficiently. While one in five is unaware of their limit on their credit card and a quarter (25%) admitted to going over their limit –... more
IHS Markit and Tru Technologies Join Forces to Facilitate Systematic Securities Lending in Korea
- 4 years 1 month ago
- Lending
Tru Technologies (Tru), a B2B fintech company focusing on providing securities lending automation services, has partnered with global business information provider IHS Markit to improve the manual securities lending process and reduce the potential for naked short selling in Korea. As part of this effort, Tru announced today that it launched a commercial version of TruWeb equipped with securities lending data from IHS Markit, making it the first... more
Banking Circle Lending and Cardstream Payment Gateway Named Most Innovative FinTech Solution
A panel of industry experts has selected Banking Circle’s SME lending initiative, delivered by Cardstream, as winner of the 2020 Tech Ascension FinTech Award for Most Innovative FinTech Solution.
