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Australia's Bank of Queensland to buy ME Bank for AUD 1.33 bln

News | Online & Mobile Banking | 22 Feb 2021

Australia-based Bank of Queensland (BoQ) has announced it will buy ME Bank, a digital lender owned by 26 industry pension funds, for AUD 1.33 billion.

Bank of Queensland, ME Bank, digital lender, equity raise, Big Four, banking, boq, Australia

GoBear selects AsiaKredit to roll out lending services

News | Online & Mobile Banking | 04 May 2020

Singapore-based financial marketplace GoBear has acquired digital consumer lender AsiaKredit.

GoBear, AsiaKredit, fintech, startup, digital lender, financial marketplace, LaaS, Pera247, lending app, COVID19, pandemic

Okra secures USD 1 mln from TLcom

News | Payments General | 28 Apr 2020

Nigeria-based fintech venture, Okra, has raised USD 1 million in funding from TLcom Capital, a UK-based VC company focused on Africa.

Okra, TLcom Capital, fintech venture, VC, Venture Capital, API developer, payment startup, financial institution, pre-seed funding, financial data, banking app, mobile payments startup, PalmPay, AXA Mansard, digital lender, Renmoney

Digital lender Molo signs up to Experian's open banking software

News | Online & Mobile Banking | 10 Feb 2020

UK-based digital buy-to-let lender Molo has announced signing up to Experian’s open banking platform.

Molo, Experian , Open Banking, digital buy-to-let, buy-to-let, digital lender, open banking platform, UK, United Kingdom, Open API, data sharing, expenditure, transactional data

Identity verification may reduce 70% cost for digital lenders

News | Digital Identity, Security & Online Fraud | 19 Nov 2018

An Autonomous NEXT whitepaper released by Mitek has suggested that AI-powered identity verification could reduce KYC and AML costs by up to 70%.

identity verification, KYC, AML, Autonomous NEXT, whitepaper, onboarding process, digital lender, Europe

Kenya plans to push regulations for fintech lending sector

News | Payments General | 28 May 2018

The Kenyan Finance Ministry has published a draft bill on financial regulation covering digital lenders, to ensure the fair treatment of retail customers.

Kenya, Kenyan Treasury, Finance Ministry, fintech, payments general, regulation, digital lender