Applications for FCA’s sixth regulatory sandbox drop more than 30%
Last year, the sandbox recieved a record 99 applications.
Last year, the sandbox recieved a record 99 applications.
Some £12 million of its Series A counts for equity, whilst the rest is debt.
Affirm will power instalment payments for ‘Shop Pay’.
The app is part of Virgin Money’s wider digital transformation strategy.
Last year, Orient Bank reported a net loss equivalent to $284,374.
Of the groups studied, Black women received worse treatment in 59% of cases.
Most business-facing fintech tools have adopted usability conventions from consumer-facing apps.
Seven social investors took part.
Projects that would normally take months need to be delivered in days.
The new P2P lender offers unsecured loans of up to £100,000.
iLien for Main Street can aid banks offering support under the Main Street Lending Program.
The start-up still needs to close $5 million.
UK bank has processed £4.5bn in loans so far in 2020.
The fintech said the BBLS “doesn’t meet the requirements” of prospective investors.
The fintech landed €2.2 million in seed funding last month.
SoftBank now holds more than a 15% stake.
Intriva has bought 100% of Lending Work’s equity for an undisclosed price.
The process took six minutes end-to-end, claims bank.
It will no longer be operating its wholly-owned UK unit, ECIL, under the “Sunny” brand.
The partnership is through the bank’s subsidiary Prestitalia.
There are now 99 CBILS accredited lenders.
DigniFi also landed a hefty sum of private equity for its auto financing platform.
China has relied on these local lenders amid the coronavirus crisis.
The company announced its plans to become a bank nearly four years ago.
The bank joins a roster of more than 200 lenders.
The start-up is looking to raise £5.5 million.
The San Francisco-based challenger has landed a $40 million Series D.
Kaspi made more than half a billion last year in profits.
Omni operates across Chile and Colombia.
She joins LenderClose with more than 25 years in information technology leadership experience.
Until this announcement, its P2P lending investment service has been exclusive.
The soon-to-be bank will offer property development loans.
The acquirer wants to boost revenues by 25%.
In the UK, up to 8.8 million people are over-indebted.
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
The Norwegian state housing bank replaces legacy tech with Temenos.
The start-up offers an integrated SaaS product for lenders.
The ‘Premium Plan’ is €39 a month.
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.