Synchrony and Ally Financial Reach Agreement on Sale of Ally's Point-of-Sale Financing Business
- 10 months 4 days ago
- Lending
Synchrony and Ally Financial Inc., today announced that they have entered into a definitive agreement for Synchrony to acquire Ally's point-of-sale financing business including $2.2 billion of loan receivables.* The portfolio includes relationships with nearly 2,500 merchant locations and supports more than 450,000 active borrowers in home improvement services and healthcare.
Third Phase of British Business Bank’s Recovery Loan Scheme Offers £1B of Lending to UK Smaller Businesses
- 10 months 4 days ago
- Lending
The British Business Bank announces today that the third iteration of its Recovery Loan Scheme (RLS) has supported £1bn of finance offers to smaller businesses since its launch in August 2022.
Citi and LuminArx Capital Announce the Launch of Strategic Private Lending Vehicle, Cinergy
- 10 months 1 week ago
- Lending
Citi and LuminArx Capital today announced the launch of Cinergy, a strategic financing vehicle in the rapidly growing private lending market. Launched by LuminArx Capital, Cinergy will offer a broad range of private credit solutions to companies, including Citi’s global client base. It will invest across multiple asset classes, including asset-backed credit (commercial, consumer and residential) and corporate debt across the capital structure.
Nova Credit and Creditinfo Bridge Cross-Border Credit Access for Ukrainians
- 10 months 1 week ago
- Lending
Nova Credit, the leading cross-border and alternative credit analytics company, has announced a strategic collaboration with Creditinfo, a global service provider for credit information and risk management solutions, to help Ukrainians gain access to the financial services needed to effectively rebuild their lives abroad.
dpixel Launches the First Venture Capital Initiative in Italy for Startups Through Blockchain
dpixel, the Sella Group's Venture Incubator, has carried out, for the first time in Italy, in partnership with Seed Venture and Lendit, an investment operation in startups through blockchain technology and smart contracts.
CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees
- 10 months 1 week ago
- Lending
The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in excessive overdraft fees charged by the natio
Tonik Enters SME Lending
- 10 months 1 week ago
- Lending
Tonik Digital Bank (Tonik), the Philippines’ first digital-only neobank, leveled up its Big Loan catering to a wider range of financial needs for small businesses in the Philippines.
Tower Community Bank Taps FintechOS to Offer Lending Solutions at the Point-of-Sale
- 10 months 1 week ago
- Lending
Today, Tower Community Bank, a stalwart in the Tennessee banking sector for over 50 years, has reimagined its service offerings in the local market through a partnership with FintechOS. By embracing digital innovation, Tower has launched Momentum by Tower, a unique point-of-sale lending platform that empowers local businesses to provide bespoke financing options directly to their customers.
ZORRZ and IDnow Unite to Forge Inclusive Financial Access for All UK Consumers
- 10 months 1 week ago
- Lending
ZORRZ, a London-based fintech start-up focused on empowering financial inclusivity and security, has announced its partnership with IDnow, a leading European identity verification platform provider, to revolutionize customer onboarding for their innovative credit solution, the BlueAccess Card.
Mangopay Partners with Storfund to Offer Marketplaces an Embedded Cash Flow Solution for Their Sellers
- 10 months 1 week ago
- Lending
Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms, announces that it has partnered with fintech innovator Storfund to offer marketplace sellers the opportunity to eliminate the standard 10 - 30 day wait for payment for their sales, by getting paid on the day that they sell.
Owners Bank Expands Partnership with Biz2X to Include Partner Origination Portal
- 10 months 1 week ago
- Lending
Biz2X LLC today announced the launch of a new partner portal to expand its relationship with Owners Bank, a Middletown, Connecticut-based division of Liberty Bank that provides financial solutions uniquely designed
CFPB Addresses Inaccurate Background Check Reports and Sloppy Credit File Sharing Practices
- 10 months 2 weeks ago
- Lending
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies to address inaccurate background check reports, as w
Maine Savings Selects Upstart for Personal Lending
- 10 months 2 weeks ago
- Lending
Maine Savings, one of Maine’s largest credit unions with over 35,000 members, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans across the communities it serves.
Paymob and Tamara Partner to Power GCC SMEs
- 10 months 2 weeks ago
- Lending
Paymob, the leading financial services enabler in the Middle East, North Africa, and Pakistan (MENA-P) has announced its partnership with Tamara, the leading shopping and payments platform in the GCC region.
Origence Partners with Tesla to Provide Attractive Monthly Payments and Affordable Credit Union Financing to Electric Vehicle Buyers Across the U.S.
Origence, the leading credit union lending technology company in the U.S., and Tesla, the largest EV manufacturer in the world, announced a partnership to offer credit union financing to EV buyers through the Tesla website. This partnership will provide Tesla buyers seeking affordable monthly payments with more options through credit union financing.
