Iress gains MSO deal from Principality Building Society
The Society was looking for new technology for its mortgages.
Lending
Finitive gets $6m funding for alternative lending investments
Investors can now access non-bank lending sectors.
All tests are not created equal: choosing the right psychometric-based credit tool
Helping to navigate through the various vendors and products available in the alternative credit scoring space.
Equifax acquires PayNet to boost SME credit access
PayNet CEO says deal will support “Main Street American business”.
Avant settles FTC unfair loan servicing charges for $3.85m
The online lender faced multiple charges of “deceptive” practices.
SoFi could secure Qatar investment for $500m round
Details of the deal are yet to be finalised.
LendingClub shuts down SME lending arm
And redirects to alternative businesses.
Societe Generale issues €100m of bonds for housing financing
These security tokens offer a range of advantages, says the bank.
Challenger bank Masthaven receives £60m investment
Masthaven aims to significantly increase lending to SMEs and consumers.
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Indian lendtech ZestMoney raises $20m
The firm is already looking to expand in Singapore.
Credit Kudos works hard for a £2.2m funding round
Led by Ascension Ventures.
Mastercard acquires Vyze for point-of-sale financing
The ai Corporation has also implemented Mastercard’s Pay by Bank feature.
CHL Mortgages picks Jaywing for IFRS 9 monitoring
The provider began work on the project by providing independent model validation to CHL.
Raisin partners with Commerzbank for special fixed-term deposits
The partnership will start with German credit institutions such as Grenke Bank, NIBC Bank and Gefa Bank.
Vision Blue acquires Cardiff-based SamePage
Both firms are happy about how the GDFC deal went.
Australian challenger 86 400 partners with Vow Financial for home loans
As it seeks the regulator’s licence to deliver its own home loans.
ClearScore partners with Raisin UK to offer savings accounts
App now provides access to online savings marketplace.
New funding values personal finance app Fintonic at €160m
Follows €19m investment round led by ING Ventures.
Finicity Partners accelerates Pulte Mortgage’s asset verification
Reducing the time-consuming, manual, and paper-intensive process “from weeks to minutes”.
Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
Kabbage pulls in $700 million in debt funding
It claims to be the largest asset-backed securitization by a small business online lending platform to date.
Upstart raises $50m investment and lands new bank contracts
AI lending platform wants to expand its applications.
Video: fintech news weekly round-up – 8 April 2019
Africa Fintech association, City watchdog’s orders, and a new blockchain alliance!
LendInvest to enter home loan market with up to £200m HSBC funding
Company’s ambition is to become a whole-of-the-market mortgage provider.
Affirm thrives with $300m Series F funding
The Californian firm offers point-of-sale financing.
OnDeck acquires Evolocity
Catering for small businesses in Canada.
Bene working up to be a challenger bank in Australia
The firm currently offers digital loans.
ABN AMRO and Infosys partner for digital mortgage tech push
This includes Infosys’ acquisition of mortgage provider Stater.
StreetShares to launch credit cards for veteran-owned businesses
A new credit card for the 2.5 million veteran-owned small businesses in the US.
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
Synchrony picks Fundbox to provide B2B credit for merchants
Merchants can apply for up to $100,000 credit.
FCA seeks to address mortgage switch difficulties
To free mortgage prisoners from bad loan assessment processes.
Blue Sage integrates Capsilon’s tech to lending platform
The integration will help with document recognition and data extraction technology.
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Credijusto closes $100m credit facility with Goldman Sachs
The Mexican lendtech provides SMEs with credit.
SamePage gains first go-live at Green Deal Finance Company
The loan origination system aims to take the lending platform fully digital.
Amount to power TD Bank’s digital lending platform
The first in a series of collaborative initiatives.
Apple announces digital credit card
To launch in summer, supported by Goldman Sachs.
