How Making One BNPL Purchase Per Week Could Require 300+ Separate Payments Each Year
- 7 months 1 week ago
- Lending
With more than 14 million people in the UK using buy now pay later (BNPL), TotallyMoney investigates the different payment structures, and asks if complexity and a lack of consistency and regulation are leading to millions of people struggling to manage payments: The average customer makes 4 BNPL transactions per month — resulting in 12 separate payments for the typical ‘pay in three’ plan
Nuvo Enhances Credit Application Software with Equifax Commercial Credit Information
- 7 months 1 week ago
- Lending
Nuvo, the fastest trade credit management platform for B2B sellers, has announced a strategic relationship with Equifax®, a leading global data, analytics and technology company.
Together Selects nCino to Revolutionise its Lending Business
- 7 months 2 weeks ago
- Lending
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Together, one of the UK’s leading property lenders, has selected nCino’s Cloud Banking Platform to revolutionise and future-proof its business.
Allica Bank Achieves First Full Year Profit – Just Three Years Since Opening Doors to Lending
- 7 months 2 weeks ago
- Lending
Allica Bank today released its Annual Report for the year ending 31 December 2023, underlining a period of continued growth, strong financial metrics and watershed achievements. Since opening for lending in 2020, Allica is the UK’s only full-service digital bank built solely for established SME businesses (typically with 5-250 staff, that make up over a third of the UK economy).
Aryza and Dotdigital Forge Strategic Alliance to Revolutionise Customer Experience in Credit and Debt Management
- 7 months 2 weeks ago
- Lending
Aryza Group, a leading provider of financial software solutions, announces its strategic partnership with Dotdigital, an all-in-one customer experience and data platform. This partnership enhances customer experience when they access credit and debt solutions.
Finastra Launches Online Marketplace for Easy Access to Retail Lending Solutions
- 7 months 2 weeks ago
- Lending
Finastra, a global provider of financial software applications and marketplaces, today announced the launch of the Solution Store, an innovative online platform that offers customers the convenience of browsing and purchasing Finastra retail lending solutions. The innovative online platform streamlines the procurement process, making solutions available to purchase around the clock.
EquiLend Launches Orbisa Securities Lending Data on Bloomberg Terminal
- 7 months 3 weeks ago
- Lending
EquiLend, the global technology, data and analytics company for the securities finance industry, today announced that it has launched Orbisa securities lending data on the Bloomberg App Portal.
Satago Partners with mmob to Simplify and Speed Up its Embedded Finance Proposition
- 7 months 3 weeks ago
- Lending
Today, Satago, a leading fintech that provides Working Capital solutions, and mmob, the universal API adaptor, announced the launch of a new partnership. This collaboration enables lenders and corporates to embed Satago’s flexible Invoice Finance and Cash Flow solutions, using mmob’s hyper-efficient integration capabilities.
finova Launches New Customer Retention Portal as Millions of Homeowners Approach the End of Fixed-term Deals
- 7 months 3 weeks ago
- Lending
finova, the UK’s largest cloud-based mortgage and savings software provider, has today announced the launch of its new retention portal, the latest addition to the company’s suite of servicing products for lenders.
Danish BNPL-Leader Viabill Enters Consolidation Mode on All-time Best Results
- 7 months 3 weeks ago
- Lending
Reporting record results for the fiscal year 2022/2023, Viabill has perfected a “unique recipe” and thus value proposition for other European BNPLs seeking a platform for profitability in a post-ZIRP era, says the group CEO, vowing to enter consolidation mode and scout for possible acquisitions as the Danish BNPL-leader nears its 15th operational year.
FICO Partners with Atto to Build Predictive Models with Real-Time Transactional Data
- 7 months 3 weeks ago
- Lending, Open Banking
Atto, a leading provider of credit risk solutions using transactional data, is thrilled to announce a strategic partnership with FICO, a global analytics software leader, for the UK market. This partnership will enable UK lenders to easily integrate Open Banking data into the credit scoring process.
TotallyMoney Launches TotallySure for Loans — Putting Customers in Control With Pre-Approval, and Three Guarantees
- 7 months 4 weeks ago
- Lending
TotallyMoney has announced the rollout of the TotallySure for loans, helping customers avoid application rejection with pre-approval, while guaranteeing interest rates, loan amounts, and loan term:
Baby Boomers to Lead Buy Now, Pay Later Growth as Two in Five Plan to Use Services in the Coming Year
- 8 months 2 days ago
- Lending
TransUnion, a global information and insights company, has released results from its Q1 Consumer Pulse survey revealing sustained demand for Buy Now, Pay Later services (BNPL). BNPL services allow consumers to split purchases into manageable instalments, often interest-free. Nearly a quarter of adults (23%) said they have used the service in the past year, mirroring pre-festive season observations.
UnaFinancial Launches Instalment Loans in the Philippines
- 8 months 3 days ago
- Lending
UnaCash, an in-app and in-store financial solutions provider, was launched in 2021 in the Philippines as part of UnaFinancial, a Singapore-headquartered fintech group. UnaCash was started as a buy now, pay later service, while in July 2023 it was upgraded to offer point-of-sale (POS) loans to customers. Now, the service also provides installment loans amounting from ₱3,000 to ₱50,000 with a repayment period of 2 to 12 months. They are being... more
