Tagged: lending

Einat Steklov, Co-Founder at Kashable, Provides Insights on Lending Options and How the Firm Is Making A Major Difference in Employees’ Lives

    Many hardworking employees are finding themselves trapped in the cycle of high-interest loans, forcing them to deplete their savings or retirement funds and compromise their long-term financial security. When customers were asked by Kashable, a provider of “socially responsible” credit and financial wellness… Read More

Sygnum Reportedly Issues $50M Bitcoin (BTC) backed Syndicated Loan to Ledn

Sygnum, a global digital asset banking group with ~$4.5 billion in client assets, has issued the industry-first syndicated loan backed by Bitcoin (BTC) to premier crypto lender Ledn, which will be used to fund the growth of Ledn’s retail lending operations. Syndicated among Sygnum’s institutional… Read More

Digital Assets: Provenance Blockchain Labs, Figure Markets, NAV Lend to Enhance Real-World Asset Fund Issuance and Investing

In response to increasing market demand for tokenized real-world assets from fund issuers and investors, Provenance Blockchain Labs (ProvLabs), a blockchain development company building a modern financial services operating system with the dApps and expertise TradFi needs to digitize trillions of dollars of assets on… Read More

Mastercard Enhances Open Banking for Lending Program, Delivered with Argyle

Mastercard (NYSE: MA) is enhancing its Open Banking for Lending program, delivered with Argyle, to streamline the lending process and give consumers more agency over their financial lives. With new features, Mastercard has the ability to “provide income and employment coverage to the estimated 95… Read More

Automotive Lending Transformed by AI But Dealers Reportedly Have Concerns About Artificial Intelligence Leading to Job Loss, Lack of Human Interaction

Automotive lending has been quickly transformed by artificial intelligence (AI) with the promise of faster, more accurate and more cost-effective credit decisions and approval processes. Auto dealers are not exactly ready to embrace the new technology. According to the J.D. Power 2024 U.S. Dealer Financing… Read More

UK’s ThinCats Reportedly Secures £75 Million Mezzanine Funding from CPP Investments

ThinCats, which aims to help the mid-sized business thrive, has secured £75 million mezzanine funding from CPP Investments. The facility is the latest line of funding “secured by ThinCats and reflects the credit quality of the UK mid-sized businesses ThinCats targets its lending.” CPP Investments’… Read More

Ares Management Corp Reports Q2 2024 US Direct Lending Origination Activity

Ares Management Corporation (NYSE:ARES) announced that funds managed by its Credit Group closed “approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct lending commitments across 295 transactions in the 12 months… Read More

Macro-Outlook Is Supportive for Digital Assets with a Growing Economy and Increasing Likelihood of Interest Rate Cuts Later in 2024 – Report

Bitstamp is presenting the latest insights from their June 2024 Lending Performance Report for Bitstamp Earn Lending. Whether you’re new to crypto lending or a seasoned expert, this update from Bitstamp reportedly offers valuable information “on the current lending landscape.” In collaboration with Tesseract, Bitstamp… Read More

CFPB Proposes Interpretive Rule to Ensure Workers Know Costs, Fees of Paycheck Advance Products

The Consumer Financial Protection Bureau (CFPB) proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. The guidance will ensure that lenders “understand their legal obligations to disclose the… Read More

UK’s Metro Bank Announces Limited Company Buy-to-Let Product as Part of Focus on Becoming Specialist Lender

Metro Bank has recently announced that it launched its first Limited Company Buy-to-Let product as part of its continued focus on becoming a leading specialist lender. Owning a property through a Limited Company structure “can be more tax efficient than owning the same property on… Read More

UK’s OakNorth Completes Nearly £730M of Lending to British Businesses in H1 2024

OakNorth, the digital bank for entrepreneurs, has lent several hundred million pound to British businesses in the first half of this year, as it continues its track record of supporting the most ambitious and innovative businesses across the UK. OakNorth’s focus has been on “supporting… Read More

UK’s Assetz Capital Introduces Large Cash Advance Boosting Developer Cashflow

Assetz Capital, a funder in the SME development lending market, announce a significant enhancement to its development lending solutions, “offering stronger initial day one advances to developers on schemes up to 70% LTGDV.” This strategic offer is designed to equip housebuilders “with robust financial support… Read More

Canada’s Financial Regulator Delays New Bank Lending Risk Rules

Canada’s financial regulator announced on Friday that it will delay the implementation of new rules requiring banks to change how they calculate lending risks, a move intended to give the country’s banks more time to adapt, Bloomberg has reported. The Office of the Superintendent of… Read More

Tighter Lending Restraints Impacting New Vehicle Originations Across Automobile Sector – Report

A TransUnion (NYSE: TRU) study released today found that consumer affordability challenges and tighter lending restraints are impacting new vehicle originations across the auto industry. The study, Originating Auto Loans With Confidence, “explored trends in auto originations, consumer savings, debt burdens and credit scores in… Read More

UK Fintech Modulr’s Embedded Payments Give Multifi Access to Real-Time Payment Rails Including Faster Payments, SEPA Instant in Europe

multifi are a lending service for SMEs, empowering innovative businesses to reach the next level of growth and cover emergencies. However, to offer the solution that SMEs were crying out for, they “needed to offer loans that were fast and easily accessible.” For that, they… Read More

Estateguru Reports Decline in Repayments, Recoveries, and Funded Amounts Along with Positive Developments

Estateguru, which is currently facing significant operational challenges, has shared their latest loan portfolio overview for May 2024. In May, although Estateguru says it experienced “a temporary dip in repayments, recoveries, and funded amounts, there were several positive developments.” Estateguru reveals that they “secured a… Read More

Numerated Secures Investment from Citi to Improve Offering of Financial Analysis for Commercial Lending

Numerated has announced a strategic investment from Citi (NYSE:C). Citi will also engage Numerated to “provide its financial spreading solution for the bank’s enterprise lending operations.” Numerated is a modular commercial lending platform “delivering efficient experiences to any or all parts of the credit process.”… Read More

Fintech PhonePe Expands Loan Distribution Offerings with Secured Lending Products

PhonePe expanded its loan distribution offerings with the launch of secured lending products on its platform. Partnering with a network of trusted banks, non-banking financial companies (NBFCs) and fintechs, PhonePe armed “with its distribution strength of 535+ Million registered users, aims to create a powerful and… Read More

Applications for Loans Over £100K Increase by Half as SME Optimism Returns, According to Research from Fintech iwoca

‍Three in ten SME finance professionals (28%) report that the most requested loan amount at the start of 2024 was over £100,000, 56% higher than the same period last year, according to iwoca’s Q1 2024 SME Expert Index. The new research, conducted with SME finance… Read More

TRIVER and Experian to Boost Lending to SMEs

Businesses looking for short-term capital can access funding in rapid time thanks to a new partnership between Experian and alternative lender, TRIVER. TRIVER aims to enhance the SME lending process “by underwriting the risk of small business borrowing quickly and easily, providing advances on business… Read More

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