Tag: LendTech

March 17, 2023

Tuesday 14 March saw OpenAI begin the release of the newest iteration of its artificial intelligence (AI) model – GPT-4. The new model is “multinodal”, accepting images as prompts to generate content alongside text input which its predecessor, GPT-3, was […]

March 8, 2023

Lenvi is a new consumer and commercial lending platform, supporting loan and risk management software, mortgage and loan servicing, standby and know-your-customer (KYC) servicing. As part of the London-based financial services company Equiniti, the newly-founded company combines its EQ Credit […]

February 13, 2023

Finbots.ai says its AI credit modelling solution creditX will enable Baiduri Bank to “develop and deploy high quality credit scorecards at a fraction of the time and cost”. “This will result in reduced credit risk, improved efficiency and greater agility […]

January 23, 2023

In a statement, the firm says: “Genesis Global Holdco, LLC (GGH) and two of its lending business subsidiaries, Genesis Global Capital, LLC (GGC) and Genesis Asia Pacific Pte. Ltd. (GAP), filed voluntary petitions under Chapter 11 of the US Bankruptcy […]

January 20, 2023

The banking tech vendor says it signed licence fees of $27.5 million during the quarter with customers in 19 countries. In India – the home of Flexcube – Aavas Financiers, which specialises in housing loans for the underserved segment across […]

December 8, 2022

PayPal CEO Dan Schulman doesn’t expect the economic environment for e-commerce, a major driver of business for the digital payments company, to improve anytime soon. Reflecting on the see-saw nature of holiday e-commerce in recent years, he noted at an […]

November 28, 2022

The lending markets were frozen right after its governance members passed a vote that aims to temporarily freeze assets considered to be volatile and have low liquidity. The assets included in the list are Yearn Finance (YFI), Curve Finance (CRV), […]

October 4, 2022

Designed for banks, non-bank lenders and credit unions, Thrive’s end-to-end digital lending tech boosts operational efficiencies in the origination and underwriting processes for both SMEs and consumers. The acquisition of the platform by Rapid Finance “represents a significant addition” to […]

September 29, 2022

Across all tradeable markets and currencies, U.S. Treasurys — government bonds — have significant influence. In finance, any risk measurement is relative, meaning, if one insures a house, the maximum liability is set in some form of money. Similarly, if […]

September 22, 2022

The credit-led digital financial institution will implement Oradian’s tech to power its next stage of product development and scale its existing solutions. FairMoney CEO Laurin Hainy says: “Our ultimate goal remains bridging the financial inclusion gap in emerging economies. “We […]

September 13, 2022

Pakistan’s embedded finance platform Neem has raised $2.5 million in a seed funding round as it works to support underbanked communities in the country. The Karachi-based startup targets communities across sectors including agriculture, MSMEs, e-commerce, logistics, healthcare and others. It […]

September 9, 2022

Swedish fintech start-up Ark Kapital has secured an additional €15 million in funding, just six months after it closed its €165 million seed round. The round was led by investor Annika Falkengren with participation from all previous seed and angel […]

September 8, 2022

Bridgit, which launched in mid-2021, has processed more than $1billion in loan applications and financed over $250million in Australian residential property. Mortgage broker Nick Jacobs and capital markets guru Aaron Bassin founded Bridgit after identifying that customers were missing out […]