UK banks prop up SMEs with £7bn amid coronavirus outbreak
The banks are also deferring customers’ payments on loans and mortgages for up to three months.
Mortgage
Nationwide picks AutoRek for reconciliation and data management
AutoRek to help Nationwide “face into the future.”
Opportunities for the long term
Bridging lenders have clearly grown in confidence about the outlook for the UK economy.
Saffron Building Society selects Burrow mortgage application tech
Saffron is the first user of the Burrow system due for launch later this year.
OakNorth CIO: UK success means European banks take us seriously
OakNorth says it has £2.3 billion in the pipeline for 2020.
State Bank of India selects BEP Systems for UK mortgage origination
SBI due to go live on Apprivo2 system in Q2 2020.
Edison Financial reboots itself to launch Canadian digital mortgage start-up
Founder Hash Aboulhosn restarts company to found new venture.
Mortgage broker Trussle raises £7.5m
Fresh funding brings total investment in Trussle to £26.5m.
Til a mortgage do us part
Is three months of bank statements really enough to determine whether someone can afford a mortgage?
JP Morgan embroiled in yet another racism scandal
The New York Times obtained two recordings highlighting racial discrimination in the bank.
Mexican lendtech start-up Konfio bags $100m investment led by SoftBank
This is the Latin American start-up’s fourth financing round.
French fintech Virgil raises €2.1m to co-own homes with first-time buyers
The start-up offers future buyers a capital contribution – not a loan.
Lendtech firm Snapdocs raises $25m in Series B funding
Snapdocs claims to power 10% of US mortgage transactions.
Banking Technology November 2019 issue out now
The identity challenge.
Help-to-buy fintech Proportunity raises £2m, offers alternative to UK government
The fintech provides first-time buyers with an equity loan of up to 15%.
DIS 2019: Lendtech OpenWrks says it can predict divorce and relationship breakdown
OpenWrks can determine when gambling will become a health issue too.
UK lendtech Zopa brings transparency to credit score calculations
Zopa says it’s the first lender to show how it determines who to lend to.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
United Trust Bank launches facial recognition ID verification
The new system takes only 90 seconds to complete.
Phoebus Software lands five-year deal with Equifinance
The lender wants a best-of-breed to grow.
SME lending: banks aren’t using enough data
And it could be hurting their bottom line.
Mortgage start-up Better.com closes $160m Series C
The fintech has seen rapid growth since its 2016 launch.
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
Banking platform for freelancers Joust raises $2.6m
The neobank allows workers to get paid faster.
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
First-time homebuyer platform Morty raises $8.5m
The funding was led by New York-based investor Prudence Holdings.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
An after after-dark round-up
FinTech Futures unravels the hot topics covered at 11:FS’ live podcast.
Finicity and LendingQB partner to accelerate mortgage process
The solution helps lenders spot underwriting factors that can make the process faster.
Roostify teams up with HSBC Bank USA
The new tech will revamp the digital mortgage experience.
Phoebus Software achieves buyout backed by NorthEdge Capital
After 30+ years of private ownership, UK-based Phoebus has concluded a management buyout.
FCA introduces new rules for P2P platforms
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
Capgemini powers Skandiabanken’s new mortgage platform
The new tech uses the Pega Platform, the digital process automation (DPA) platform from Pegasystems
Why Iron Man is the ultimate mortgage broker
“Iron Man” – super-powered, not totally automated.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Finicity Partners accelerates Pulte Mortgage’s asset verification
Reducing the time-consuming, manual, and paper-intensive process “from weeks to minutes”.
Blue Sage integrates Capsilon’s tech to lending platform
The integration will help with document recognition and data extraction technology.
Roostify crows about new Adapt mortgage tool
Adapt helps lenders who have complex workflows.
AI Foundry revamps Agile Mortgages solution
Data insights company AI Foundry has been doing a bit of spring cleaning.
Finicity and Mortgage Cadence team for mortgage tech
Finicity’s Verification of Assets (VoA) solution integrated with Mortgage Cadence’s loan origination platform.
