Articles with tag: lender

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OpenPayd, Token to unlock Open Banking for businesses

13 Oct 2020 | Payments General

OpenPayd, an API-led Banking-as-a-Service provider, has teamed up with open banking infrastructure provider, Token.io LTD to bring Open Banking to OpenPayd’s customers.

Open Banking API, banking, payments, OpenPayd, Token, crypto, financial institutions, remittance companies, lenders, online marketplaces, banking payments

HSBC to invest USD 1 tln in green financing by 2050, Reuters

12 Oct 2020 | E-invoicing, SCF & E-procurement

UK-based bank HSBC has aimed towards net zero carbon emissions across its entire customer base by 2050 and provide between USD 750 billion and USD 1 trillion in financing transition.

HSBC, green financing, Reuters, zero carbon emissions, financing, climate change, Europe, Asia, NatWest, UK, banks, lender

Australia-based Airwallex secures a total of USD 200 mln in Series D

30 Sep 2020 | Payments General

Payments and banking group Airwallex has extended its latest funding round by another USD 40 million, taking the company to a Series D funding round of USD 200 million, according to AltFi.

Australia, Airwallex, series D, payments, banking, fintech, digital banks, alternatie lenders, banking services, payments processing, currency exchange, Skip Capital, Tencent, Salesforce Venture, Sequoia Capital China

The UK Chancelor of the Exchequer extends CBILS

28 Sep 2020 | Payments General

The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

UK, Chancelor of the Exchequer, CBILS, government loan schemes, SMEs, coronavirus, pandemic, financial aid, fintechs, alternative lenders, accredited lenders, banks, CLBILS, Bounce Back Loans, loans, Future Fund, convertible loans, repayment, Pay As You Grow

Covid era causes defaults on invoices, survey

10 Sep 2020 | E-invoicing, SCF & E-procurement

Fintech Onguard has released a survey on finance professionals, 48% of whom observing an increase in late payments since the pandemic started.

Fintech, covid, invoices, late payments, Onguard, pandemic, finance professionals, automated debtor processes, cash flow, delayed payments, overdue payments, programme, Excel, automation, Numbers, alternative lenders

Ally partners with Mastercard Vyze for retail financing

26 Aug 2020 | Online & Mobile Banking

Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial, has partnered with Vyze, Mastercard's alternative financing platform for retailers. 

Ally, Mastercard, Vyze, retail financing, Ally Lending, Ally Bank, Ally Financial, alternative financing, retailers, platform, POS retail financing, lending, instalments, loan, retail merchants, financial stability, lender

Artis adds USD 1.5 mln through new funding

26 Aug 2020 | Payments General

US-based fintech startup Artis has opened a new seeding round in support of onboarding first financial partners and growing capabilities of consumer loan platforms.

Artis Technologies, Artis, fintech, startup, US, United States, seeding round, funding, onboarding, financial partners, consumer loan platforms, lending, financing, Fintech Ventures Fund, debt, equity financing, Artis Connect, Artis Credit, banks, credit unions, lenders, financial institutions

China-based P2P lenders report USD 115 bln in losses due to scams

17 Aug 2020 | Digital Identity, Security & Online Fraud

Peer to peer (P2P) investors based in China have reported losses of over USD 115 billion in unpaid debt, due to failed lending platforms.

China, P2P lending, lenders, P2P lenders, scams, losses, unpaid debt, lending platforms, Chinese Banking Regulatory Commission, regulators, funds, investigations, scammers, fraudulent schemes

C6 Bank secures fresh capital

17 Aug 2020 | Online & Mobile Banking

Brazil-based digital lender C6 Bank has raked in USD 96 million in fresh capital to grow its loan book.

Brazil, C6 Bank, banks, digital, lender, digital bank, loans, online

American Express in talks to acquire Kabbage

14 Aug 2020 | Payments General

American Express has announced it is in discussions to acquire Kabbage, an online small-business lender that went up for sale earlier in August 2020.

American Express, Kabbage, SMBs, lender, online, loans, Celtic Bank, COVID-19, coronavirus, pandemic, US, fintech, Small Business Administration, Paycheck Protection Program, SoftBank, Reverence Capital Partners, payments

UK-based lenders support 1.2 mln businesses amid pandemic

12 Aug 2020 | Payments General

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

Standard Chartered enabled to run more places of business in Singapore

04 Aug 2020 | E-invoicing, SCF & E-procurement

The Monetary Authority of Singapore (MAS) has enabled Standard Chartered Bank Singapore (SCBSL) to run more places of business (POBs) as a Significantly Rooted Foreign Bank (SRFB).

Standard Chartered, SRFB, Singapore, The Monetary Authority of Singapore, MAS, Chartered Bank Singapore, SCBSL, Significantly Rooted Foreign Bank, banks, POBs, digital, digital banks, banking, lender

Metro Bank acquires RateSetter

04 Aug 2020 | Payments General

Metro Bank has announced its intention to purchase peer-to-peer lender RateSetter for up to USD 15.6 million.

Metro Bank, banks, P2P, lender, RateSetter, UK, regulators, loans, Australia

iwoca secures USD 130 mln in funding round

03 Aug 2020 | Payments General

Alternative lender iwoca has raised USD 130 million from an undisclosed investor. 

iwoca, CBILS, loans, SMEs, lender, banks, partnership

Alchemy, LoanPaymentPro partner for real-time payment solutions

30 Jul 2020 | Payments General

SaaS fintech Alchemy has partnered with payment and funding solution LoanPaymentPro to provide lenders and finance companies multiple consumer-facing fund disbursement and payment products.

Alchemy, LoanPaymentPro, partnership, real time payment solutions, SaaS, payments, lenders, finance companies, fund disbursement, payment products, debit card validation, debit cards, ACH, remote checks, APIs, fintech, banks, cloud, white label, mobile payments, online payments, fraud prevention

Nordigen obtains payment license from Latvia's financial regulator

28 Jul 2020 | Payments General

The Financial and Capital Markets Commission (FKTK) has approved Latvia-based fintech Nordigen as a payment institution.

fintech, innovative, payments, financial regulator, Financial and Capital Markets Commission, FKTK, Latvia Nordigen, SIA Nordigen Solution, online payments, data, banks, lenders, open banking, banking

Kabbage launches checking accounts for small businesses

23 Jul 2020 | Online & Mobile Banking

US-based online lender Kabbage has announced it will offer checking accounts for small businesses.

Kabbage, SMBs, US, lender, banks, Green Dot Bank, Federal Deposit Insurance Corporation, COVID-19, coronavirus, pandemic

Zopa partners with Paylink Solutions

23 Jul 2020 | Online & Mobile Banking

Zopa has teamed up with Paylink Solutions, a software provider, to support its customers amid the COVID-19 pandemic.

Zopa, Paylink Solutions, data, partnership, software, COVID-19, coronavirus, pandemic, P2P, digital bank, digital, banks, cloud-based, Embark, payments, open banking, banking, Credit Reference Agency, lenders, loans, PayPlan, UK, API

UK-based alternative lenders' access to BoE's fund scheme blocked by incumbents

14 Jul 2020 | Payments General

HM Treasury has told non-bank lenders dishing out government-backed loans that they won’t have access to finance from the Bank of England, according to altfi.com. 

UK, alternative lenders, BoE, Bank of England, incumbents, HM Treasury, non-bank lenders, government-backed loans, British Business Bank, fintech loans, fintech

SoFi files application to become a national bank

10 Jul 2020 | E-invoicing, SCF & E-procurement

SoFi, an online lender, has filed an application for a national bank charter with the Office of the Comptroller of the Currency.

SoFi, banks, online lender, lender, Office of the Comptroller of the Currency, SoFi Bank National Association, OCC, Federal Deposit Insurance, Federal Reserve, fintechs, banking