Funding Circle plans to cut 125 jobs in Berlin and Amsterdam
P2P firm reacts to poor year in external markets by cutting back.
LendTech
FCA plans market changes to simplify mortgage switching
UK watchdog concerned that non-switching consumers are left out of pocket.
Metro Bank partners with ezbob to launch SME lending platform
The bank claims businesses will receive loans in minutes.
Greensill buys Aussie payday advance app Earnd
The acquisition marks Greensill’s move into payday finance.
Tandem lands funding, tipped to buy “green” lender
The bank is set to announce “the acquisition of an established ‘green’ lending business”.
Leap Finance raises $5.5m to help finance Indian students abroad
Start-up wants to change the way students are given credit.
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
Can fintech eliminate credit discrimination?
Even the strictest laws can’t eliminate the inherent impression the credit manager forms.
Ikano Bank builds on Nets partnership to power new lending platform
Ikano plans to launch products on the new service later this year.
Mambu to power Australian credit firm Nimble
Nimble is switching up on its tech to power digital bank aims.
Nationwide picks AutoRek for reconciliation and data management
AutoRek to help Nationwide “face into the future.”
India’s lending start-up SMEcorner bags $30m Series B
The round was led by a $10.5 million investment from Germany’s Paragon Partners.
Opportunities for the long term
Bridging lenders have clearly grown in confidence about the outlook for the UK economy.
South African fintech Jumo raises $55m to fuel geographic expansion
Jumo plans to break into both Cote d’Ivoire and India in 2020.
Small business lender iwoca raises €100m for German loan growth
The company says it is the largest fintech small business lender in Germany.
Goldman Sachs-backed salary lender Neyber in talks with administrators
Neyber secured £100 million from Goldman Sachs in 2017.
Video: Top fintech stories this week – 21 February 2020
FinTech Futures’ weekly news round-up.
Ally Financial to buy CardWorks for $2.65bn, shares fall 10%
The deal grows Ally’s user base to 11 million across 50 US states.
Nigerian fintech start-up Aella raises $10m
This debt financing round is Aella’s second raise.
OakNorth CIO: UK success means European banks take us seriously
OakNorth says it has £2.3 billion in the pipeline for 2020.
Digital bank Stori raises $10m in Series A2 funding
Mexican challenger bank has also launched its credit card.
Funda Finance Partners in lendtech revamp with nCino
US-based nCino has gained further presence in Australia via a new deal with Funda Finance Partners, an SME lender. New South Wales-based Funda will implement the vendor’s flagship cloud-based solution, nCino Bank Operating System, “to streamline its lending processes and enhance its customer experience”, nCino says. “Funda chose nCino after searching for a technology solution […]
Supplement: FinovateEurope 2020
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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.
OakNorth to deploy lending platform for Dutch lender Oimio
Newly-launched firm aims to help SMEs with loans of €1-10 million.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
Gig economy fintech SteadyPay raises £2.9m to tackle income volatility
Roughly a seventh of the 32.54 million employed in the UK are gig economy workers.
HAB Bank implements Jack Henry’s commercial lending platform
New York-based community bank wants to boost its commercial ops.
Goldman cuts personal lending after launching Apple card
Its partnership with Apple has taken some of the momentum away from Marcus.
Australian fintech Wisr raises $33.5m for P2P lending marketplace
New and existing “high quality” institutional investors took part.
How UK start-up The Money Platform is transforming credit for millennials
EXCLUSIVE: The lendtech is rolling out its open banking offering.
NewDay acquires Deko to grow tech revenues
The acquisition comes months after the appointment of new CEO John Hourican.
China drafts rules to tackle risky half a trillion financial leasing sector
Only 2,985 of the 10,900 leasing firms in China are active businesses.
Think Business Loans set to launch new matching service iFunds V2
The credit broker says it will improve productivity for lenders by up to 75%.
SME challenger bank B-North raises £2m funding
The bank’s first regional “Lending Pod” will open in Manchester in Q2 2020.
Credit card challenger Koto to launch in UK come 2020
“We are offering credit with a fixed fee from day one,” says Koto’s CEO.
Til a mortgage do us part
Is three months of bank statements really enough to determine whether someone can afford a mortgage?
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