Tagged: lending

Maker Foundation, which Supports Development of MakerDAO, a Decentralized Lending System, to Transfer Governance Power to Community in Coming Years

The Maker Foundation, which focuses on the development of MakerDAO, an Ethereum-based, decentralized lending protocol, will be transferring its governance power to the community during the next couple of years. The Foundation confirmed that it will be publishing a draft of the new MakerDAO community-led… Read More

NYMBUS to Help US-based Financial Institutions with Effectively Responding to Economic Instability Following Coronavirus Outbreak

NYMBUS is planning to help US-based financial institutions with effectively responding to the economic instability resulting from the Coronavirus (COVID-19) outbreak. NYMBUS is a core banking modernization firm. It helps financial service providers with their digital transformation strategies. The company is offering a new program… Read More

UK-based Capitalise.com Is Offering Coronavirus Business Interruption Loan Scheme Applications to Allow Firms to Obtain Government-backed Loans

UK-headquartered Capitalise.com is offering Coronavirus Business Interruption Loan Scheme (CBILS) applications, which will allow small business owners to obtain government-backed loans (if approved). Capitalise.com noted that it aims to assist businesses by giving them access to funding which  they may require to “confidently navigate this… Read More

HSBC Partners with Chinese Logistics Firm Cainiao to Offer Faster Trade Finance Loans via Alibaba’s Tmall Platform

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has teamed up with Cainiao, a China-based logistics company, in order to provide faster trade finance loans to merchants via Alibaba’s Tmall platform in Hong Kong. HSBC will… Read More

Eden Amirav: CEO at Become, an Online Funding Platform for SMEs, Explains How Fintech has Improved Lending Ecosystems

Eden Amirav, CEO at Become (formerly Lending Express), a leading online platform that helps small and medium-sized businesses (SMBs) find and optimize funding solutions, recently shared his views and insights with Crowdfund Insider. Become uses its proprietary technology to assist and nurture businesses throughout the… Read More

DeFi: Leading Ethereum-based Decentralized Finance Credit Facility, MakerDAO, is Planning to Conduct MKR Governance Token Auction

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MakerDAO, a leading Ethereum (ETH)-powered decentralized finance (DeFi) credit facility, is reportedly planning to conduct a MKR governance token auction within two days from now. This marks the first time that this type of event will take place in Maker’s history. The MKR auction, called… Read More

Equiniti Riskfactor, a Risk Management and Fraud Prevention Tech Developer, Partners Codat to Allow SMEs to Securely Share Data with Lenders

Equiniti Group’s risk management division, Equiniti Riskfactor, has teamed up with Codat, a company that provides accounting integration APIs, in order to allow small and medium-sized (SME) customers to automatically and securely share financial data with their lenders. Equiniti Riskfactor will be integrating with Codat’s… Read More

Singapore Fintech Firm BTO’s Life-Planning Solution UP Partners iCompareLoan to Offer Competitive Mortgage Planning Services

Up, a life-planning solution developed by BTO, a Singapore-based Fintech firm, recently teamed up with iCompareLoan, a mortgage-comparison portal, in order to provide home-owners and new buyers improved and more competitive mortgage planning services.  Clients using the Up platform will now be able to access… Read More

BitGo Announces Launch of Digital Asset Lending Services

Blockchain software firm BitGo announced on Thursday it is now offering institutional digital asset lending services. According to BitGo, the lending service was built by a Wall Street team that “understands institutional investing and clients’ needs.” The launch also follows a several-month private beta. Mike… Read More

Myanmar’s Online Lending App Mother Finance Partners NearMe Digital Services to Offer Credit to NearMe’s Partner Network

Mother Finance Co Ltd, the developer of the first digital lending app in Myanmar, and NearMe Digital Services, a local online services platform for retailers, have teamed up to offer credit to NearMe’s agent and partner network. Mother Finance is incorporated in the Republic of… Read More

Leading DeFi Platform MakerDAO Partners Digital Payment Processor Simplex to Develop Fiat On-Ramp for Maker’s Dai Stablecoin

MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

Kabbage’s Latest Data Reveals Small Businesses’ Revenue Growth Is Stronger Than Perceived

Global financial service platform Kabbage announced on Tuesday its latest data, which polled more than 600 U.S. small business owners, revealed the majority of small businesses believe their revenue growth underperforms their peers. Specifically, 60% of respondents ranked their revenue growth below the 50th percentile… Read More

Brazilian Fintech IOUU, which Offers a P2P Lending Marketplace, Secures $1.3 Million in Funding

Brazilian Fintech firm IOUU, which offers a peer to peer (P2P) marketplace solution, has managed to secure funding from several venture capital firms. IOUU has acquired R$6 million (appr.$1.3 million) in funding from DOMO, which led the firm’s latest investment round. Indicator Capital and Devas… Read More

Figure Technologies Introduces New “Blockchain” Character Who Explains Benefits of DLT in Order to Help Firm Compete with Financial Giants

Lending firm Figure Technologies is betting on an animated character, called “Blockchain,” which the firm is hoping will allow it to become more competitive against large financial institutions which currently control most of the businesses that the startup is planning to transform. As explained via… Read More

DeFi: Decentralized Finance Platform Compound’s Developers Reveal Results of Stress Tests Under Extreme Market Conditions

The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

UK-based OakNorth Bank Confirms that SME-focused Real Estate Lender, OIMIO, to Launch in the Netherlands

UK-based OakNorth, a digital bank for small and medium-sized companies (SMEs) that offers business and property loans, has confirmed that OIMIO, a commercial real estate SME-focused lender, has established operations in the Netherlands. The lending firm will be launching a supplier’s credit analysis and monitoring… Read More

HAB Bank Teams Up with Jack Henry to Enhance Commercial Lending Process by Offering All-Digital Loan Origination

Jack Henry & Associates, Inc. has confirmed that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to develop its Commercial Lending Center Suite. The suite will improve the institution’s commercial lending business, enhance operational efficiencies and help offer a better experience… Read More

Applied Data Finance Appoints Capital One & JP Morgan Chase Vet Jimmy Cannon As First President

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most… Read More

P2P Invoice Financing Platform MarketFinance Rebrands, Plans to Compete with Large Lenders OakNorth, Esme Loans

MarketFinance is one of the world’s largest peer-to-peer (P2P) invoice finance platforms. Established in 2011 and based in London and Manchester, MarketFinance has reportedly issued more than £1.1 billion (appr. $1.4 billion) in funding to thousands of UK-based businesses. MarketFinance assists business owners in dealing… Read More

Biz2Credit Reports SME Loan Approval Hits Record in December

The approval percentage for small business loans has hit a new “post-recession record high,” according to the Biz2Credit Small Business Lending Index. The company said approvals inched up by one tenth of a percent to reach 28.2%. Biz2Credit monitors small business lending from banks with… Read More

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