DivideBuy launches soft search credit check for interest-free purchases
Leading LendTech company, DivideBuy, has launched a unique soft search credit check functionality that lets customers know whether they will be approved for interest-free credit purchases without affecting their credit score. DivideBuy is one of the only companies that can offer this functionality thanks to its unusual position as both the technology developer and money lender.
Coronavirus Large Business Interruption Loan Scheme to Open on Monday
The Chancellor of the Exchequer today announced details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Delivered by lenders accredited by the British Business Bank, the new scheme provides finance to mid-sized and larger UK businesses with turnover above £45m (the upper limit for the existing smaller-business focused CBILS).
Funding Circle Accredited Under the Coronavirus Business Interruption Loan Scheme
Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank.
Wolters Kluwer Adds New Loan Application Importer Functionality to Successful Paycheck Protection Program Solution
Wolters Kluwer Compliance Solutions has added an important new feature to its widely used Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, which is designed to help U.S. banks, credit unions and other lenders support small businesses with payroll funding during the COVID-19 crisis.
Ebury to launch Coronavirus Lending Facility to support UK and European SMEs
- 4 years 7 months ago
- Lending
Ebury, one of Europe’s largest FinTech companies, is launching an initiative to offer financing to SME’s in the UK and Europe. An initial £40m lending facility to help UK SMEs manage their working capital during the Coronavirus crisis is available now and Ebury aims to expand this program into the hundreds of millions in collaboration with Governments in the UK and Europe.
Pega Announces Small Business Lending Reference App To Help Banks Speed Processing of COVID-19 Emergency Loans
- 4 years 7 months ago
- Lending
Pegasystems Inc. (NASDAQ: PEGA), the software company empowering digital transformation at the world’s leading enterprises, today announced the launch of a Crisis Small Business Lending reference application which helps financial institutions manage the thousands of emergency loan applications pouring
Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)
Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing requirements, and ensure compliance for Payment Protection Program loans under the new CARES Act. The new application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing. Appian will... more
Lendsmart Automates & Digitizes Paycheck Protection Program SBA Loan Application Process
- 4 years 7 months ago
- Lending
Amid the COVID-19 crisis, Lendsmart, an end-to-end solution enabling banks and credit unions to completely digitize their lending and home buying operations, has repurposed its proprietary technology to help financial institutions automate and digitize the Paycheck Protection Program (PPP) SBA loan application form.
Credit Hero gets a digital boost in lending with Salt Edge solution
- 4 years 8 months ago
- Lending
Credit Hero, an online lender from Hong Kong, teamed up with Salt Edge, a leader in offering open banking solutions, to access borrowers’ bank data at digital speed and eliminate the traditional paper chase. Hong Kong is a leading global financial hub. As recently the macroeconomic environment has changed, the lending market is experiencing a so-called digital seismic shift. Escalating uncertainties kickstart the demand for credit products which... more
The impact of COVID-19 on the personal loan market
As a global fintech that operates in the UK, US, Australia and Poland, we're witnessing first-hand the effects that the global shutdown is having on personal lending around the world. The COVID-19 crisis is having a severe impact on the consumer credit market in almost all of the territories in which we operate. In the UK and the US particularly, we're seeing two key themes play out since the outbreak of the virus; a significant reduction in the... more
Lendonomy selects Neonomics to build Norway’s very first PSD2 crowdlending solution
- 4 years 8 months ago
- Blockchain, Lending, Open Banking
Lendonomy, a Norwegian fintech startup that is developing a blockchain-based “Airbnb for lending” targeting GenZ, and Neonomics, a leading provider of open banking APIs have announced a new partnership agreement. The solution enables Norwegian customers of Lendonomy to instantly and securely lend and borrow small amounts of money to and from each other with payments powered by the Neonomics open banking API. The partnership is the first... more
Assetz Capital announces short-term plan for borrowers and lenders
- 4 years 8 months ago
- Lending
The UK’s largest secured peer-to-peer business lender has announced a short-term plan to protect investors and borrowers during the COVID-19 pandemic. Assetz Capital, which has lent over £1 billion to-date, has put in place a number of measures to help its borrowers navigate this unprecedented economic crash, including the possibility of forbearance. For its 38,000 investors, it has also introduced a nominal ‘loan servicing fee’ to ensure the... more
Phoebus Software Launches Mortgage Self-Service Portal
- 4 years 8 months ago
- Lending
Phoebus Software Limited (PSL), the leading banking and lending software provider, has launched a new digital self-service portal that allows lender’s customers to self-serve on their accounts.
The volume of funded loans on Robo.cash reaches €150 mln
- 4 years 8 months ago
- Lending
A month ago, the European P2P platform Robo.cash announced that the number of its investors reached 10,000. In March, it achieved a new milestone - the volume of loans financed through the platform increased to €150 million in total.
