Video: fintech news weekly round-up – 15 July 2019
More top fintech news, in video format!
LendTech
Intrum picks Qualco software to streamline debt collection
The deal follows a 15-month analysis phase.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
ICICI and IndoStar partner to finance commercial vehicles
The arrangement will target underserved small and medium fleet owners.
Australian FIs team up for Lygon blockchain pilot
The platform will seek to modernise the management of bank guarantees.
Citi and Vasakronan execute first MTN on Origin
The pair successfully raised AU$30 million using the debt origination platform.
Blend raises $130m for digital loans
The lendtech has also welcomed new execs.
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.
Next decade is set to be transformative for small business finance
The tools on offer and the demographic of small business owners will change dramatically in ten years’ time.
Phoebus Software achieves buyout backed by NorthEdge Capital
After 30+ years of private ownership, UK-based Phoebus has concluded a management buyout.
Growth Street receives £10m funding round
Funds will be used to transform the business overdraft.
Brex raises $100m to reach $2.6bn valuation
In an extension to a Series C round launched in October.
FCA reveals new rules to protect BNPL consumers
Companies will no longer be able to charge interest on money repaid within offer period.
In-store credit firm Sunbit attracts $26m funding
The company wants to target health and safety-related markets.
SoftBank confirms $200m investment in Creditas
The Brazilian lendtech provides credit with houses or vehicles as collateral.
Transforming the loan experience
Simple and flexible digital platforms could be the key to improved customer repayment rates.
Banking Technology June 2019 issue out now
Beyond human. Dreaming of a fintech tomorrow.
Biz2Credit closes $52m Series B round
Bix2X platform aims to improve access to working capital for SMEs.
eBay launches cash flow loans with Asto
The app will provide eBay small business customers with a simple cash flow loan when they need it.
Half of SMEs are getting paid after 72 days
More than one-third of start-ups and SMEs are suffering with cash flow issues, with a total of £26bn owed to them.
Capgemini powers Skandiabanken’s new mortgage platform
The new tech uses the Pega Platform, the digital process automation (DPA) platform from Pegasystems
Instalment payment option added to lastminute.com via Divido
This provides instant access to credit by connecting shoppers to multiple lenders at the moment of purchase.
Why Iron Man is the ultimate mortgage broker
“Iron Man” – super-powered, not totally automated.
Swedish refinancing start-up Anyfin eyes European expansion with €8m investment
The extended Series A round brings total investment to €13.3 million.
Credit and payments app Twisto raises €14m
As it tries to expand throughout Central and Eastern Europe.
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Banking Technology May 2019 issue out now
Fintech with flourish. It blooms and blossoms.
BlueVine and GovQuote team up to fund SMEs
SLED agencies can take advantage of GovQuote’s technology to get quotes and a complete digital record for compliance.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Iress gains MSO deal from Principality Building Society
The Society was looking for new technology for its mortgages.
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.
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.
Indian lendtech ZestMoney raises $20m
The firm is already looking to expand in Singapore.
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.
