Tag: LendTech

Banking Tech, Mobile Banking

How are Swift and Morgan Stanley Using OpenAI’s GPT-4 to Change the Future of Finance?

March 17, 2023

Via: The Fintech Times

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 […]

Banking Tech, LendTech

Lendtech Lenvi Launches as Equiniti Three Become One

March 8, 2023

Via: The Fintech Times

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 […]

Banking Tech, LendTech

Baiduri Bank taps to modernise credit risk management

February 13, 2023

Via: FinTech Futures 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 […]

Banking Tech, LendTech

US crypto lender Genesis files for Chapter 11 bankruptcy protection

January 23, 2023

Via: FinTech Futures

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 […]

Banking Tech, LendTech

Oracle Flexcube core banking system gains new takers

January 20, 2023

Via: FinTech Futures

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 […]

Banking Tech, Digital Lending and Credit

PayPal CEO gives gloomy forecast

December 8, 2022

Via: Payments Dive

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 […]

Banking Tech, LendTech

Aave temporarily freezes lending markets to fend off further attacks

November 28, 2022

Via: Cointelegraph

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), […]

Banking Tech, LendTech

SME financing platform Rapid Finance acquires lendtech firm Thrive

October 4, 2022

Via: FinTech Futures

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 […]

Invest tech, Markets

US Treasury yields are soaring, but what does it mean for markets and crypto?

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 […]

Banking Tech, LendTech

FairMoney taps banking tech vendor Oradian to power next growth phase

September 22, 2022

Via: FinTech Futures

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 […]

Banking Tech, LendTech

Pakistan’s Neem raises $2.5M to serve underbanked communities with its embedded finance platform

September 13, 2022

Via: TechCrunch

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 […]

Banking Tech, LendTech

Europe fintech funding round-up: Ark Kapital, Credix and Nokkel

September 9, 2022

Via: FinTech Futures

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 […]

Banking Tech, LendTech

Non-Bank Lender Bridgit Joins Forces With Australia’s Loan Market

September 8, 2022

Via: The Fintech Times

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 […]