Articles with tag: lending

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Moneytech takes part in Australia's SME Guarantee Scheme

27 Oct 2020 | Payments General

Moneytech has gotten the approval to take part to Australia’s SME Guarantee Scheme, enabling the group to now provide support to SMEs affected by the COVID-19 pandemic.

Moneytech, SME Guarantee Scheme, payments, business loans, lending, finance, SME, COVID-19, Australia

FCA highlights continued support for consumers struggling with payments

23 Oct 2020 | Payments General

The Financial Conduct Authority has urged consumers struggling to make repayments due to the impact of coronavirus (Covid-19) to speak to their lenders about options available to them. 

Financial Conduct Authority, lending, loans, repayments, COVID-19, financial resilience, debt, payments, bills

VoPay leverages Visa Direct

21 Oct 2020 | Payments General

VoPay, a provider of payment technology, has announced that it is working with Visa to integrate Visa Direct, Visa’s real-time push payments platform, to power their new solution called VoPay Instant.

VoPay, Visa Direct, payments, disbursements, B2B ecommerce, lending, digital identity, online payment, digitalisation, VoPay Instant

Study reveals the lack of adoption of open banking into commercial lending

19 Oct 2020 | Online & Mobile Banking

An international study of over 1,000 senior professionals in the banking, lending, PFM, investment, and retail sectors has revealed the lack of adoption of open banking into commercial lending. 

Open Banking, commercial lending, study, security, banks

UK banks to rise the cost of credit card borrowing, Bank of England says

16 Oct 2020 | Cards

Bank of England has revealed rising rates in approach to Christmas and lenders’ plans to restrict loan products soon.

bank of England, cards, credit, mortgage, lending, industry survey, credit card borrowing, credit cards, cards, UK, United Kingdom

Uncapped, Salt Edge boost eligibility checks for funding

14 Oct 2020 | Payments General

Poland-based finance provider Uncapped has partnered with Canada-based Open Banking solutions provider Salt Edge to boost eligibility checks for funding.

Uncapped, Salt Edge, open banking, funding, lending

OakNorth Bank approves GBP 1.1 bln in new loans

13 Oct 2020 | Payments General

UK-based OakNorth Bank has approved GBP 1.1 billion in new loans to support UK businesses through COVID-19, including over GBP 400 million through the CBILS and the CLBILS. 

OakNorth Bank, loans, UK, United Kingdom, businesses, covid-19, CBILS, CLBILS, lending, economy, Ultimate Finance, The Jade Hotel, Red Oak Taverns, Dewing Properties, Bluegem Capital Partners

44 percent of US-based citizens to apply for store credit cards during the holidays, report

13 Oct 2020 | Cards

LendingTree has released a report showcasing that more Americans say they're likely to apply for a store credit card this holiday season (2020) than did in either of the previous two years.

US, United States, store credit card, holidays, LendingTree, cards, pandemic

Molo raises GBP 266 mln in series A funding round

09 Oct 2020 | Online & Mobile Banking

UK-based digital mortgage lender Molo has raised GBP 266 mln in debt and equity funding, completing its series A equity funding round.

Molo, funding, fintech, investment, equity round, venture capital, digital lending

Cashaa to launch crypto-friendly online bank in India

09 Oct 2020 | Cryptocurrencies

UK-based online banking platform Cashaa has announced plans to launch a crypto-friendly online bank in India.

Cashaa, UK, India, cryptocurrency, crypto, online bank, B2B, banking, fintech, lending

SME lending platform Validus approved as a PFI by Enterprise Singapore

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

Southeast Asia's SME lending platform Validus Capital (Validus) is Singapore's first to be approved as a Participating Financial Institution (PFI) under Enterprise Singapore's Enterprise Financing Scheme. 

SME lending, Validus, working capital, disbursements.

Aryza, Freedom Finance develop customer engagement solution

07 Oct 2020 | Payments General

Aryza, a UK-based software solutions supplier into the lending, insolvency, credit, and debt recovery sectors has partnered with Freedom Finance, a lending platform, to develop ‘myfreedom’ a customer engagement solution.

Aryza, Freedom Finance, myfreedom, lending, insolvency, credit, credit application process, UK, financial health

Distribution Finance Capital receives UK bank licence from the Prudential Regulation Authority

06 Oct 2020 | Payments General

Distribution Finance Capital (DF Capital) has received a full UK banking licence from the Prudential Regulation Authority (PRA).

Distribution Finance Capital, banking, lending, UK, license, working capital, Prudential Regulation Authority

The Global Open Banking Report 2020 – Beyond Open Banking, Into the Open Finance and Open Data Economy

01 Oct 2020 | Online & Mobile Banking

The Global Open Banking Report 2020 follows the journey from Open Banking to Open Finance and Open Data Economy and provides key insights about the benefits of Open Finance for different areas of financial service

Open Banking, Open Finance, Open Data, data, digitalisation, payments, merchants, corporates, SMEs, fintech, innovation, banks, financial inclusion, security, agile, fraud prevention, standardisation, third party providers, API, cash management, personal finance management, use cases, account aggregation, request to pay, compliance, regulation, onboarding, partnership, developers, treasury, account-to-account payments, coronavirus, covid-19, pandemic, actionable insights, consumers, mapping, data sharing, finance, banking, know your customer, KYC, credit scoring, TPP checking, repository, API security, authentication, strong customer authentication, lending, affordability, savings, insurance, Data Strategy, banking-as-a-service, core banking, risk management, payment initiation, consent, customer experience, open payments

Visa considering partnering with crypto businesses

28 Sep 2020 | Cryptocurrencies

Visa, a large payments processor, has announced it is considering partnership proposals from an increasing number of crypto companies.

Visa, fintechs, cryptocurrency, Visa fast track program, blockchain, crypto lending, partnerships

Ally Lending partners Sezzle to expand 'buy now, pay later' options

23 Sep 2020 | Ecommerce

Ally Lending, the personal lending arm of Ally Bank, has announced it's adding to its retail market lending offerings via an agreement with Sezzle, an installment payments platform.

Ally lending, pay later, instalments, alternative financig

Maybank plans RM 4-5 bln SME digital financing

22 Sep 2020 | Online & Mobile Banking

Malaysia-based bank Maybank has plans to disburse about RM 4-5 billion (~USD 1 billion) loans through its newly launched digital financing solution for the SME segment named Maybank SME Digital Financing.

Maybank, SME, digital financing, loans, digital financing solution, SME segment, SMEs, Maybank SME Digital Financing, fund disbursement, digital platform, STP, straight through processing, disbursement, machine learning, digital lending

British Business Bank grows SME support to GBP 8 bln

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

The British Business Bank (BBB) has grown its stock of support to small- and medium-sized enterprises (SMEs) to GBP 8 billion, with most coming through alternative lenders.

British Business Bank, SMEs, lending

Nova Credit taps Salt Edge

16 Sep 2020 | Online & Mobile Banking

Nova Credit, the premier cross-border credit reporting agency, has teamed up with Salt Edge, a provider of Open Banking solutions, to get instant access to the banking data of newcomers from the UK and EU. 

Nova Credit, Salt Edge, Open Banking, API, lending, credit scoring

European Bank for Reconstruction and Development to guarantee lending to SMEs by Raiffeisen Bank Albania

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

The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, has partnered with Raiffeisen Bank Albania on a risk-sharing facility of EUR 50 million (USD 59.2 million).

European Bank for Reconstruction and Development, lending, SMEs, Raiffeisen Bank Albania