1.7 Million Brits Forced to Borrow from High-cost Lenders to Pay Off Existing Loans Prompting Fears of UK Debt Crisis
- 3 years 5 months ago
- Lending
1.7 million people across the UK are borrowing from high-cost lenders in order to pay off existing debts*, according to research from a responsible lender, Creditspring. A quarter of people (24%) who borrowed from high-cost lenders sought credit so they could repay other debts – prompting fears that millions of people in the UK are at high risk of falling into a debt spiral as interest and debt repayments pile up.
Navian Tech Has Completed Funding for Two Ongoing Development Projects in Sweden
- 3 years 5 months ago
- Investment
Two ongoing development projects in Sweden, Ella&Park in Täby and the mountain housing project in Idre, have obtained full financing through Navian Tech Navian Tech is developing a digital platform that will enable small to medium-sized property developers and property investors to find property projects, develop, finance, and sell those projects, all in the same tool.
Centroid Technology Now a Part of B2Broker's Turnkey Brokerage Solutions
- 3 years 5 months ago
- Trading Systems
Centroid technology has been added to the turnkey broker packages of B2Broker, a leading provider of liquidity and technology. The company continues to strive to provide its clients with the most cutting-edge management tools and to structure its liquidity offering utilizing the best technology available.
Corporate Lending App, VeriLoan, Now Available on Finastra’s FusionFabric.cloud
- 3 years 5 months ago
- Lending
Finastra today announced the availability of VeriPark’s VeriLoan cloud-based solution on its FusionFabric.cloud open development platform. Pre-integration with Finastra’s Fusion Loan IQ lending software provides out‑of‑the-box integration between loan origination and servicing functions – joining up the corporate lending process for customers, from the moment they apply for funding, right through to servicing the loan.
Fintech Zimpler Announces Expansion to Latin America and Opens an Office in São Paulo
- 3 years 5 months ago
- Transaction Banking
Zimpler, a leading fintech company born in Sweden, announced today that it will expand its operations to Latin America. The company has established its LatAm headquarters in São Paulo, catering to the growing local and regional markets. Zimpler plans to introduce its instant payments solution in the country later this year and is already planning its next market expansion.
Freedom Finance appoints Paul Bevis as Head of Growth
- 3 years 5 months ago
- People Moves
Freedom Finance, one of the UK’s leading digital lending marketplaces and embedded finance providers, has appointed Paul Bevis as Head of Growth. Paul joins from Royal London where he spent five years, latterly as Head of D2C Partnerships.
Santander Goes Live with Planixs’ Realiti® Suite to Deliver Real-Time Cash and Liquidity Management
- 3 years 5 months ago
- Management
Planixs, the leading provider of real-time cash, collateral and liquidity management solutions, has announced today that G-SIB (Global Systemically Important Bank), Santander, has successfully gone live with its Realiti Software Suite to transform the bank’s liquidity management processes, including cash management, liquidity forecasting and risk mitigation.
Ripple Expands On-Demand Liquidity to Nearly 40 Payout Markets, Adds Machine Learning Capabilities
- 3 years 5 months ago
- Cryptocurrencies
Today, Ripple, the leader in enterprise blockchain and crypto solutions, announced On-Demand Liquidity (ODL) customer momentum globally in new regions Africa, Argentina, Belgium, and Israel, as well as current fiat-based RippleNet customers upgrading to ODL in Australia, Brazil, Singapore, the UAE, the UK and the US.
UAE’s Invest Bank Selects Temenos Banking Cloud to Accelerate Digital Transformation with NdcTech
- 3 years 5 months ago
- Open Banking
Invest Bank, a premier commercial bank in UAE, has selected Temenos (SIX: TEMN) to take its digital and core banking to the cloud, in partnership with NdcTech.
Instant Payments Market to Reach US$126.4B by 2032 with the Growing Volume of Merchandise over E-commerce Websites: FMI Report
- 3 years 5 months ago
- Payments
According to Future Market Insights, the instant payments market is forecasted to be valued at US$126.4 Bn in 2032, increasing from US$ 18.3 Bn in 2021. It is predicted to record a robust CAGR of 18.1% over the forecasted period of 2022 to 2032.
Cristiano Ronaldo Launches First NFT Collection with Binance
- 3 years 5 months ago
- Blockchain
Cristiano Ronaldo’s first NFT collection will be available Friday, November 18 as part of an exclusive, multi-year partnership with Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider. The launch is supported by a global marketing campaign featuring Ronaldo, aiming to give his fans an introduction to Web3 through the world of NFTs.
Gitcoin and OKX to Partner on Support for Developer Community and Public Good
- 3 years 5 months ago
- Blockchain
OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading web3 ecosystem, has entered into a strategic partnership with Gitcoin to support the developer community and the use of novel funding mechanisms for the public good in the crypto space.
Atom bank Renews Contract with Phoebus Software
- 3 years 5 months ago
- Digital banking
Atom bank and Phoebus Software Limited (PSL) have signed a new three-year contract. The digital bank, which revolutionised the mortgage market by pioneering the use of mobile applications to support its lending processes, has been a Phoebus user since Atom’s launch in 2016.
IDScan.net Announces Collaboration with Jack Henry to Remove Barriers in Mobile Onboarding
- 3 years 5 months ago
- Digital Identity
IDScan.net today announced a collaboration with Jack Henry™, a leading financial technology provider, to provide identity validation for digital account creation via the Jack Henry OpenAnywhereTM platform.
AGAM Set to Accelerate Lending Revolution for Individuals and Businesses as it Completes Investment Round
- 3 years 5 months ago
- Fundraising News
AGAM, the UK-headquartered next-generation fintech, which is revolutionising lending for individuals and businesses, has announced the completion of its latest funding round today.
