Funding Circle becomes first lending marketplace to issue UK CBILS grants
The marketplace has already originated more than £6.2 billion in loans.
The marketplace has already originated more than £6.2 billion in loans.
This week, we focus one particular coronavirus news item affecting the fintech industry.
The capital raise was led by AlbionVC.
Modern Bank is a delegated lender under the CARES Act.
“This is a race to save jobs in the present and for the future,” says PayPal.
These lenders are yet to set a date by which they can start accepting CBILS applications.
There may be an even bigger opportunity for innovators to provide higher-quality financial products.
A look back at some of the biggest deals this past quarter.
Many fintechs have used this pandemic as an opportunity to show their mettle.
A brief overview of how governments and financial regulators have reacted to coronavirus.
“This funding will assist households and employers of all sizes,” says the Fed.
Analysts say cheaper loans will help the broader Chinese economy weather the current slowdown.
All things equal: Closing the gender gap in fintech.
The US bank holds $11.5 billion in assets.
Coronavirus could “wipe out a generation of start-ups”, says one fintech founder.
The firm wants to cut down loan decisioning times amid coronavirus urgency.
The pandemic has given fintechs a time to shine.
Business finance firm says the bank has abandoned finance plans “when they are most needed”.
The Oklahoma-based bank aims to stand out from the crowd.
UK regulator wants a freeze on loan and credit card debt.
The fintech wants to reach two million people in its first eight weeks of launch.
The digital bank will onboard roughly 2,000 customers.
Nymbus says it has digitised the entire Paycheck Protection Programme (PPP) loan process.
It’s offering all new customers $1,000 at closing and waiving fees for existing customers.
Legislators are currently working on a bill which addresses small business loans.
This is the first time HSBC will use third-party data to approve trade finance loans.
Psychometric credit solutions will likely become increasingly valuable for loan decisioning.
This supports the announcements made by the Chancellor last week.
The company has teamed up with three other bidders.
The partnership will offer factoring and banking services.
It’s the largest sum the central bank has issued since the financial crisis.
The platform has already bagged Monese and Xero as a partners.
The public body blocked and quarantined all the listed attempts.
Trending topics, useful insights, strong opinions, and a fintech jailhouse – all in our brand new podcast!
Finablr processed $115 billion in transactions in 2019, and more than 1,500 firms rely on it.
The price on the US dollar liquidity swap arrangements will go down by 25 basis points.
As of February 2020, year-over-year deal counts were down by 22%.
P2P firm reacts to poor year in external markets by cutting back.
The white-label service was incubated at SC Ventures.
“If our systems fail, a big part of the economy would fail,” says exec.