Articles with tag: lending platform

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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

UK-based P2P lender ArchOver launches open banking

06 Jul 2020 | Online & Mobile Banking

Peer-to-peer business lending platform ArchOver has partnered with analytics firm AccountScore to provide open banking data for use in its credit and monitoring teams.

ArchOver, open banking, P2P business lending platform, UK, AccountScore, credit and monitoring, analytics, bank transaction data, bank account, borrower, lender, in-depth profiling, predictive behaviour, SMEs

SalaryDost, Onfido team up for identity verification and KYC solutions

02 Jun 2020 | Digital Identity, Security & Online Fraud

Identity verification and authentication company Onfido has announced a partnership with SalaryDost, a digital consumer lending platform in India.

SalaryDost, Onfido, digital lending, identity verification, partnership, authentication, lending platform, India, KYC, ML, ID, AI, biometrics, analysis, fraud detection, spoofing, credit scoring, customer profiling, onboarding

VTB Group to roll out Digital Credit platform

19 May 2020 | Online & Mobile Banking

Russia-based VTB Group has announced the launch of ‘Digital Credit’, a digital platform that provides lending services to corporate clients.

VTB Group, Digital Credit, digital lending platform, corporate clients, credit products, transactions, manual data transfer

Singapore-based lending platform Validus secures USD 20 mln investment

12 May 2020 | Payments General

The Singapore-based Peer-to-Peer (P2P) lending platform Validus has raised USD 20 million to help finance Small- to medium-sized businesses (SMBs).

Validus, Singapore, Southeast Asia, investment, p2p lending platform, peer to peer, SMB, small to medium business, growth capital, series b, financing gap, accredited lenders, corporate vendor financing, covid-19, working capital

MYbank to release USD 282 bln lending plans during pandemic

06 May 2020 | Online & Mobile Banking

Online lending platform MYbank, backed by Jack Ma, has planned to issue USD 282 billion worth of loans to small- and medium-sized companies in 2020.

MYbank, pandemic, online lending platform, Jack Ma, SME, China, lending surge, Ant Financial, loan algorithms, real time payments

ING invests in securities lending platform HQLAX

10 Mar 2020 | Payments General

Dutch bank ING has invested in the securities lending platform HQLAX.

lending platform, HQLAX, securities, blockchain, R3, banks, payments, collateral

Starling Bank offers consumer loans through Zopa platform

17 Feb 2020 | Online & Mobile Banking

UK-based challenger Starling Bank has announced it is funding consumer loans via Zopa's P2P lending platform.

Starling Bank, consumer loans, lender, P2P lending platform, lending, Zopa, UK, challenger bank, digital bank, online banking, Europe, lending capability,

CIT upgrades POS loan platform for small business purchases

17 Feb 2020 | Payments General

US-based business and commercial financing company CIT Group has released an upgraded point-of-sale financing platform for small businesses.

CIT Group, lending platform, product upgrade, SME lending, SME purchases, small business purchases, financing, leasing, advisory services, supply purchases, United States, North America

Maersk-backed trade financer MODIFI finances expansion in India

16 Jul 2019 | E-invoicing, SCF & E-procurement

MODIFI, a digital lending platform offering finance to exporters to SMEs, plans to invest in the Indian market to fund its expansion plan.

Maersk, Modifi, expansion, India, Asia, APAC, Germany, Europe, digital lending platform, trade finance, SMEs, NBFC,

Lendable lands GBP 200 mln Goldman Sachs funding line

16 Jul 2019 | Payments General

Lendable has secured a GBP 200 mln funding line from Goldman Sachs Private Capital as the consumer lender continues to attract institutional finance.

Lendable, Goldman Sachs, funding, funding line, lending platform, alternative lending, bank, US, UK, Europe, Goldman Sachs Private Capital, consumer lending

Trade Ledger launches cloud technology for invoice finance providers

21 Jun 2019 | E-invoicing, SCF & E-procurement

UK-based open banking business lending platform Trade Ledger has launched a Automated Invoice Finance Platform for banks and alternative finance providers.

Trade Ledger, cloud technology, invoice finance platform, product launch, open banking, e-invoicing, B2B payments, alternative finance providers, Automated Invoice Finance Platform, lending platform, business lending, B2B payments,

American Bank Systems, IMM to provide digital lending platform for community banks

13 Jun 2019 | Payments General

IMM, an eSignature provider for financial institutions, has partnered with American Bank Systems (ABS) to provide digital lending platform that leverages signing capabilities for community banks.

American Bank Systems, IMM, digital lending platform, community banks, eSignature provider, financial institutions, account opening

Secure Trading, chosen by CoinLoan to enter the crypto field

23 May 2019 | Cryptocurrencies

Peer-to-peer cryptocurrency lending start-up CoinLoan has chosen Secure Trading Group and to provide payment gateway and acquiring services.

Secure Trading,, cryptocurrencies, CoinLoan, P2P, payment gateway, acquiring services, crypto vertical, merchants, lending platform, loans, partnership, authorisation, payments

CapitalBay to launch P2P financing platform

20 May 2019 | E-invoicing, SCF & E-procurement

Multi-bank supply chain finance platform CapitalBay has received the approval from the Securities Commission Malaysia to operate a P2P financing platform.

CapitalBay, Securities Commission Malaysia, product launch, supply chain finance, SCF platform, SCF, P2P, P2P lending, P2P lending platform, financing, CapSphere Services, Crowd Sense, MicroLeap, MoneySave Capital

Singapore lending platform Validus reopens LCV Trade Finance Fund

10 Apr 2019 | E-invoicing, SCF & E-procurement

Singapore-based P2P lending platform Validus Capital has reopened the fund with independent asset management company Lighthouse Canton.

Validus Capital, Lighthouse Canton, trade finance fund, asset management, trade finance, P2P lending, P2P lending platform, Singapore, APAC, Asia

SuperMoney teams up with lending platform Best Egg

07 Jan 2019 | Payments General

US-based financial resource solution provider Supermoney has inked a strategic partnership with consumer lending platform, Best Egg.

SuperMoney, Best Egg, partnership, lending platform, consumer lending platform, lending, financing, payments, loan pre-qualification platform, US, North America

HSBC Bank to launch digital lending platform

26 Oct 2018 | E-invoicing, SCF & E-procurement

HSBC Bank has planned to launch a digital lending platform for the US’s consumers and the existing HSBC customers to apply for personal loans online.

HSBC Bank, digital platform, US, online lending platform, B2B