Mortgage Brain Announces New Criteria Live on Criteria Hub
- 4 years 2 months ago
- Lending
Brokers using Criteria Hub can now search across a host of new criteria on the market-leading criteria-based sourcing system from mortgage technology expert Mortgage Brain. Over recent weeks a wide range of new criteria have been uploaded onto Criteria Hub, based on both the firm’s own research and feedback from advisers. The new criteria have all now gone live, after lenders completed the process of supplying the relevant information, opening... more
Paragon Bank to Adopt TruNarrative RegTech Platform to Power Bounce-Back Loans Initiative
Paragon Bank has procured business onboarding and automated due diligence technology services from RegTech firm, TruNarrative. The decision follows Paragon Bank’s recent approval from the British Business Bank, enabling Paragon to deliver bounce back loans to SMEs coping with the Covid-19 economic situation.
Demand of P2P Investors for Long-Term Loans Doubles Since June
- 4 years 2 months ago
- Lending, Investment
The European P2P lending platform Robo.cash has found that the demand of investors for long-term loans offered by its Singaporean loan originator is rising. In August, the platform’s users funded €1.5 mln of these loans, which is twice as much as in June. This might mark a new trend among P2P investors.
Mortgage Lender Specialist Aldermore to Adopt the DPR Distribution Hub
DPR, the provider of savings and lending origination and servicing solutions, has announced Aldermore as the latest partner to adopt the DPR Distribution Hub. The hub securely transfers product and customer data through APIs to enable third-party intermediary distribution providers such as product sourcing and CRM systems, to integrate seamlessly into Aldermore’s mortgage application process.
TrackStar Launches AI Software to Make Lending More Accurate
- 4 years 2 months ago
- Lending
TrackStar.ai, a company led by credit industry veterans that specializes in predictive credit technology, today announced the launch of a new proprietary, predictive API designed to help lending institutions determine consumer lending potential. By utilizing this first-of-its-kind API, lenders are able to make better decisions about qualifying current and prior loan applicants. The result is lower acquisition costs and churn, all while reducing... more
Ebury and MarketFinance Partner to Accelerate CBILS Access Ahead of September Deadline
As the Government’s CBILS initiative draws to a close this month, two British fintechs Ebury and MarketFinance, have joined forces to ensure SMEs across the UK are able to quickly access the emergency lending. MarketFinance will offer both its CBILS loans and revolving credit facilities to Ebury’s UK SME base to support them with their business finance needs.
Bluestone Urges Brokers to Support “non-Standard” Consumers and Respond to FCA’s Call for Input on Open Finance
- 4 years 2 months ago
- Lending
Bluestone Mortgages today warns that the needs of “non-standard” customers could end up being excluded from the development of open finance if advisers do not respond to the FCA’s Call for Input by next month.
YABX Forays into Mexican Market
- 4 years 2 months ago
- Lending, People Moves
Yabx, a fintech venture in digital lending, today announced its foray into Mexico as part of its expansion strategy in the Latin America region. The company also announced the appointment of Javier Chavez-Ruiz as Business Sales Associate for the region.
EQ Launches Mortgage Services
EQ Credit Services, part of the international technology-led services and payments specialist EQ (Equiniti Group plc), is pleased to announce the launch of Mortgage Services.
Swedish Export Credit Corporation Partners with FIS to Digitalize Its Commercial Lending Platform
The Swedish Export Credit Corporation (SEK), which finances Swedish exporters, their subsidiaries, and foreign customers, has chosen financial technology leader FIS® (NYSE: FIS) to digitize and modernize its commercial lending platform to enhance service to its clients and streamline costs.
Omnio Partners With CUFA to Create Fairer and More Flexible Lending
- 4 years 3 months ago
- Lending
Omnio, the Banking as a Service platform Fintech, has announced that its Credit Union business KESHO has partnered with Credit Union Financial Analytics (CUFA), the leading analytics company for managers and trustees of credit unions (CUs). This partnership is a strategic move by Omnio and demonstrates its commitment to the Credit Union sector in the UK and the Republic of Ireland. It provides a substantial upgrade to the analytical tools... more
Jaywing Completes IFRS 9 Model Framework For Starling Bank’s CBILS Portfolio
- 4 years 3 months ago
- Lending, Credit Risk
Jaywing has completed its work with Starling Bank to deliver an IFRS 9 modelling framework for the calculation of IFRS 9 Expected Credit Losses on the Coronavirus Business Interruption Loan portfolio. Following appointment in June, Jaywing has built a data-driven model with flexibility, pragmatism and expert judgement to facilitate the provision of government-backed loans to support small businesses affected by coronavirus (Covid-19) with... more
New Lenders Accredited to British Business Bank Coronavirus Business Interruption Loan Schemes
Today the British Business Bank has announced that it has approved Conister for accreditation to the Bounce Back Loan Scheme (BBLS), and Bank of Ireland (UK) for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Conister will join the other 26 BBLS lenders who have been accredited since the scheme opened.
Equifinance Goes Live on Phoebus Servicing Product
- 4 years 3 months ago
- Lending
Following the signing of a five-year contract, Equifinance has successfully migrated its existing secured loan portfolio onto the Phoebus account servicing product. Migration took place over the weekend of the 8th August and the implementation project was delivered on time and on budget.
Xero to Acquire Invoice Lending Platform Waddle
Xero today announces the acquisition of Waddle, a cloud based lending platform that helps small businesses access capital through invoice financing. The acquisition aligns with Xero’s strategy to grow the small business platform and to address critical small business financial needs. Waddle’s best in class cloud lending platform, combined with small businesses’ invoice data, will enable the delivery of tailored invoice financing solutions.
