The UK banking sector is famously dominated by the Big Four banks: HSBC, Lloyds Banking Group, NatWest Group, and Barclays. These financial behemoths collectively control an astounding 75% of the market share in current accounts, giving them significant leverage over the market. Yet, despite their
In a bold move to enhance financial inclusion in underserved African markets, Itemate Solutions has partnered with Decision Rules to revolutionize fintechs' decision-making processes using a sophisticated business rules engine (BRE). By leveraging cutting-edge technology, the partnership aims to
The journey towards financial inclusion has taken a significant leap forward with the strategic partnership between Experian, a global leader in consumer and business credit reporting, and Oakbrook, a non-bank provider of consumer lending services. This collaboration aims to enhance credit
Leeds Credit Union (LCU) is taking a significant step forward by introducing a new loan decisioning platform in collaboration with tech partners LendingMetrics and Singlify. The new initiative is geared toward transforming the loan approval process, making it faster, more accurate, and ultimately
In an exciting development for travel enthusiasts, NatWest Group has partnered with global payments leader Visa to introduce a new travel credit card that provides significant benefits for UK consumers. This launch comes at an ideal time as travel activity experiences a resurgence post-pandemic.
A recent Deloitte report reveals a seismic shift in corporate lending, with private credit increasingly overshadowing traditional bank lending. This insight into the evolving financial landscape underscores how nonbank lending has been progressively surging since 2002, creating a widening gap over
