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.
Nucleus Commercial Finance Supports SMEs with Faster Decision Making on Applications
- 5 years 3 months ago
- Lending, Investment, Compliance
Nucleus Commercial Finance today announces it has digitised the end-to-end user journey for all finance applications, including loans through the Coronavirus Business Interruption Loan Scheme (CBILS). Following significant investment in technology and a pilot to test it’s capabilities, businesses and brokers now benefit from almost instant decisions on applications up to £250k, ensuring SMEs can secure the funding they need quickly and easily.
Baker Hill Employees Recognized for Leadership, Innovation in Recent Awards Programs
- 5 years 3 months ago
- Lending, Data, Risk Management
Baker Hill, the leading financial technology provider for loan origination, risk management, and analytics, recognizes two employees that were featured in recent industry awards. John Watts, Senior Vice President of Operations, was named a Top Honoree in the Indianapolis Business Journal’s CTO of the Year program. Mike Horrocks, Vice President of Product Management, was named a member of the Tech 25 2020 class, presented by TechPoint.
New Lenders Accredited to British Business Bank Coronavirus Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved BLG Development Finance, Conister, RM Funds and Western Union Business Solutions for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). These new CBILS lenders will be able to provide finance to smaller businesses with turnover of up to £45m that are suffering disruption to their cashflow due to lost or deferred revenues during the Covid-19 outbreak.
Wolters Kluwer’s PPP Forgiveness Module Commences Application Processing
- 5 years 3 months ago
- Lending, Compliance, Data
With the Small Business Administration’s (SBA) Loan Forgiveness Portal now live, Wolters Kluwer Compliance Solutions has started to submit completed borrower loan forgiveness application data directly to the SBA via its
Wolters Kluwer Lien Solutions Urges U.S Lenders to Consider Key Risk Strategies to Support Growth
- 5 years 3 months ago
- Lending, Risk Management
In the wake of an expected wave of defaults by U.S business borrowers, the nation’s lenders are best advised to apply risk management practices to set the stage for long-term growth when issuing new loans and participating in federal lending programs.
EQ Credit Services Delivers Digital Loan Management Platform for MYJAR
- 5 years 3 months ago
- Lending
EQ Credit Services (EQCS), the UK’s leading consumer credit technology and outsourced services provider, today announces it has delivered a flexible loan management solution for direct online lender, MYJAR.
Coronavirus Loan Schemes Benefiting Businesses in All Corners of UK, Reveals New Analysis From British Business Bank
New data published today reveals the regional distribution of loans under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). The data, published by the British Business Bank, shows that the proportion of overall loans in each of the nine English regions and three Devolved Nations matches closely their respective share of the UK business population.
PayNearby announces partnership with Sub-K Impact Solutions; enables access to loan repayment options through its retail network
India’s largest agent banking platform, PayNearby is happy to formally announce its partnership with Sub-K Impact Solutions Ltd (Sub-K), a leading player facilitating loans, savings and payments to underbanked households and micro-enterprises. The partnership will work towards enhancing shared goals of the two organizations, who are committed to enabling financial inclusiveness and economic wellbeing of the country’s masses.
New lenders accredited to British Business Bank Coronavirus Large Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved Allied Irish Bank (GB)/AIB (NI) [1], Investec Bank plc and Mercedes-Benz Financial Services UK Limited for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS).
Mphasis Digital Risk leverages Mendix low-code platform to enable fast, effective digitalization for the financial services industry
- 5 years 4 months ago
- Lending, Platform Technology, Banking, Security, Risk Management
Mendix, a Siemens business and the global leader in enterprise low-code, today announced that Mphasis Digital Risk, a financial services technology provider for the competitive U.S. mortgage loan fulfilment market, has successfully launched an expanded portfolio of software development projects for both internal and external Mphasis clients.
iwoca calls for partnerships with big banks to ease backlog of CBILS applications
iwoca will be reaching out to the CEOs of the UK’s largest banks urging them to work with the FinTech lender to ensure small businesses are accessing finance as quickly as possible through the Coronavirus Business Interruption Loan Scheme (CBILS). The call for greater collaboration comes as iwoca announces a new fundraising round of £100 million which will be used to scale its CBILS offering and fund new customers through the scheme for the... more
ESIS numbers surpass pre-pandemic levels for the first time
- 5 years 4 months ago
- Lending, Risk Management
Mortgage technology expert Mortgage Brain has seen the volume of ESIS generated through its sourcing systems surpass pre-pandemic levels for the first time since Covid-19 struck in the UK. ESIS volumes increased 1.7% last week and are now 1.5% higher than the nine-week average to 16th March. Volumes have been trending up since the housing market opened up on 13th May, and have been within 7% of pre-pandemic levels for the last four consecutive... more
Venio launches nano credit lending app to boost financial inclusion in emerging markets
Venio, the mobile application providing "nano-credit" facilities to consumers in emerging markets accessed via a smartphone, has begun offering easy-to-access credit facilities to unbanked consumers in its maiden emerging market, the Philippines.
38% of investors expect the recovery of P2P lending market by the end of 2020
- 5 years 4 months ago
- Lending
According to a survey conducted by the P2P lending platform Robo.cash, more than a third of P2P investors expect the industry to recover by the end of this year. Investors see regular payments and a decrease in the number of loan defaults as two main signs of the market's recovery.
