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Category: Digital Lending and Credit


Banking Tech, Digital Lending and Credit

‘Transformative’ or ‘Tough’: What Sort of Year Will BNPL Have in 2024?

February 15, 2024

Via: The Fintech Times

With this in mind, it can be difficult to predict what kind of year BNPL is likely to have in 2024. To find out more, we reached out to some industry experts. BNPL trajectory ‘still points upward’ Barbara Vega, payments […]


Banking Tech, Digital Lending and Credit

SME lender FundPark doubles credit facility with Goldman Sachs to $500m

January 23, 2024

Via: FinTech Futures

The expansion builds on an earlier $250 million ABS facility secured by the fintech in April 2022 through a deal that was led by Goldman Sachs as senior facility provider, and which also saw Integrated Alternative Credit Fund and Cypress […]


Banking Tech, Digital Lending and Credit

Discover lands servicer for student loan portfolio

January 18, 2024

Via: Payments Dive

Discover said in November it was exploring a sale of its student loan portfolio and transferring servicing of that portfolio to a third-party servicer. The company, facing multiple compliance-related issues recently, has run into regulatory scrutiny over its student loan […]


Banking Tech, Digital Lending and Credit

Credit union FirstOntario readies for Canada’s open banking push with Flinks and Everlink

January 10, 2024

Via: FinTech Futures

The partnership is expected to afford the credit union’s members greater control over their financial data, which FirstOntario will be able to leverage to offer a more personalised array of financial services. Lloyd Smith, CEO of FirstOntario, describes this ability […]


Banking Tech, Digital Lending and Credit

The opportunity for banks to bring BNPL to small, medium-sized enterprises

December 6, 2023

Via: Fintech News

According to the U.S. Small Business Association, small businesses make up 99.9% of the nation’s business landscape. With such a large pool, one would expect that seamless access to financial services would be fairly easy to come by. But that […]


Banking Tech, Digital Lending and Credit

Beyond a BNPL: Klarna Expands Growth Tools For UK, US and Swedish Businesses

November 13, 2023

Via: The Fintech Times

Specifically, Klarna is expanding its self-service advertising platform, ‘Ads Manager’, in the UK and Sweden. This will enable better engagement between retailers and high-intent shoppers. Then across the pond, Klarna has made ‘Creator Shops’ live in the US, in turn […]


Banking Tech, Digital Lending and Credit

Investree to launch Qatar lendtech hub following $231m Series D

October 9, 2023

Via: FinTech Futures

The round also saw participation from existing Japan-based investor SBI Holdings, and succeeds the platform’s $23.5 million Series C of March 2020, which was led by MUFG Innovation Partners and Bank Rakyat Indonesia Ventures. As part of the round, Investree […]


Banking Tech, Digital Lending and Credit

FinTech Futures Jobs: The top tech jobs on the rise for the future

September 8, 2023

Via: FinTech Futures

In its recent Big Ask survey, “a good job” was the top future priority among 69% of nine to 17 year olds. 37% of this age group said that not getting a good job was a worry, with girls and […]


Banking Tech, Digital Lending and Credit

Koverly Adds BNPL Feature to Roster of Payment Services for US Businesses

August 22, 2023

Via: The Fintech Times

The BNPL feature adds another way Koverly is helping businesses pay each other. This is in addition to reduced foreign exchange rates (up to 50 per cent less) and no wire transfer fees (enabling firms to save up to $40 […]


Banking Tech, Digital Lending and Credit

Upgrade acquires travel-focused BNPL startup Uplift for a song

July 27, 2023

Via: TechCrunch

Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift […]


Banking Tech, Digital Lending and Credit

Britcoin privacy preserved as Bank of England taps Nuggets for identity layer

July 6, 2023

Via: FinTech Futures

The London-based firm says it is working with the BofE to “design a privacy-preserving identity layer” for a possible digital pound. The agreement would see the design and deployment of a secure system that “prevents tracking and correlation of transactions […]


Banking Tech, Digital Lending and Credit

Thunes and D360 Bank Partner for Instant Cross-Border Payment

May 25, 2023

Via: The Fintech Times

The collaboration comes as Saudi Arabia‘s digital payments ecosystem undergoes a rapid transformation in line with the country’s Vision 2030 initiative, which aims to increase cashless transactions to 70 per cent by 2025. Through the partnership, D360 Bank customers can […]


Banking Tech, Digital Lending and Credit

FinTech Futures: Top five stories of the week – 5 May 2023

May 5, 2023

Via: FinTech Futures

Apple’s newly launched high-yield savings account has reportedly attracted around $1 billion in deposits within its first week. The Apple Card savings account, launched in April in partnership with Goldman Sachs, offers US consumers a high-yield annual return of 4.15% […]


Banking Tech, Digital Lending and Credit

US Banking Crisis Looms as ‘Credit Tightening’ Mentions Reach Record Highs on Company Calls

May 5, 2023

Via: Bitcoin.com

The U.S. economy is struggling with a trifecta of challenges: soaring inflation, steep interest rates, and a banking industry in disarray. Since Silvergate Bank’s announcement on March 8, 2023, that it would cease operations and liquidate its assets, the country […]


Banking Tech, Digital Lending and Credit

Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director

May 2, 2023

Via: Cointelegraph

A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding retail CBDCs in […]


Banking Tech, Digital Lending and Credit

Mangopay acquires fellow European paytech WhenThen

March 23, 2023

Via: FinTech Futures

Romain Mazeries, CEO of Mangopay, describes WhenThen as “a strategic asset” for the firm’s growth plans. Mangopay, which is a platform-specific payment infrastructure provider, says WhenThen’s payment acceptance technology and “global connectivity”, will help Mangopay “rapidly scale its entire payment […]


Banking Tech, Digital Lending and Credit

Pay.com partners Cross River to drive US expansion

March 23, 2023

Via: FinTech Futures

Cross River provides technology infrastructure such as scalable embedded payments, cards and lending solutions to “millions” of consumers and businesses. The company’s embedded solutions and customisable APIs will be utilised to power Pay.com’s international expansion, giving businesses and merchants access […]


Banking Tech, Digital Lending and Credit

Cyber criminals are targeting digital bill payment: 4 ways to fight back

March 8, 2023

Via: Fintech News

More consumers than ever are embracing digital methods to pay bills. In our research we found that 54% pay using the biller’s website, 33% use the biller’s mobile app, and 8% pay remotely using cash at a retail location. What’s […]


Banking Tech, Digital Lending and Credit

Buy now, worry about it later: the future of BNPL

February 22, 2023

Via: FinTech Futures

BNPL offers a lifeline for some and flexibility for others, and there is an argument that it broadens financial inclusion. Research conducted by Divido in February 2023 suggests that almost three fifths of British consumers (58%) believe point-of-sale (POS) financing […]


Banking Tech, Digital Lending and Credit

What’s Next For BNPL? Industry Reacts to Openpay Receivership

February 9, 2023

Via: The Fintech Times

Openpay announced a new quarterly record in Q2 of FY2023, growing its revenue to A$10.1million. This was in addition to the total transaction volume (TTV) growing by almost 50 per cent to A$126million, in comparison to the previous 12 months. […]