Credit Suisse provides $200m line of credit to BlueVine
Boosting BlueVine’s combined debt and equity funding to $518 million.
LendTech
SME lender Kabbage to acquire fellow lendtech Orchard
Small business lender Kabbage is rumoured to be acquiring lending platform Orchard Platform Markets.
Citizens Bank in trade finance tech revamp with Finastra and Infosys
On the way out is CSI’s Banktrade trade finance system.
Unison sees 1,000% year-on-year growth in originations
Also launched in ten additional states across the US.
Wells Fargo whacked with $1bn fine for lending violations
For US auto-loan administration and mortgage practices.
Fintech funding round-up: 18 April 2018
Stars MFS Africa, Tala, Funding Societies and HelloGold.
Fintech funding round-up: 17 April 2018
Features Santander InnoVentures, Creditas, Konsileo and ArchOver.
Equiniti Riskfactor gains foothold in Canada
Equiniti Riskfactor has gained its first client in Canada – Baron Finance.
Data analytics firm Ephesoft moves into mortgage tech
Document capture and data analytics firm Ephesoft unveils Ephesoft Transact for Mortgage.
Goldman Sachs acquires personal finance app Clarity Money
Brings over one million customers to its online lending platform Marcus.
Regions Bank invests in lendtech firm Lender Price
The California-based mortgage tech firm gets equity funding from Regions Bank.
Fintech funding round-up: 11 April 2018
Features Ant Financial, Ripple, Blockchain Capital and Liberis.
Quovo launches new solutions for loan originators and servicers
Helping lenders improve key processes in the lending value chain.
Ex-Lending Club boss gets an Upgrade
Renaud Laplanche seeks redemption from Lending Club debacle.
BeSmartee integrates with FormFree’s AccountChek asset verification service
Will give lenders clearer picture of borrower’s likelihood to pay back loan.
Kabbage and Ingo Money to power faster loan payouts to SMEs
Online alternative lender Kabbage has teamed up with push payments innovator Ingo Money.
SME lender Lendio unveils Lender Turndown initiative
Lendio’s network of lending partners can offer a loan alternative to SMEs that do not fit their risk profile.
Fiserv signs Carter Bank & Trust for tech overhaul
On the way out is the Coresoft core banking system from Vsoft.
Fintech funding round-up: 6 April 2018
Stars PeerStreet, UK Finance and CardUp.
Mortgage platform Lender Price teams with Ellie Mae
The pricing engine is right.
Symbiont brings the blockchain to mortgagetech
Teams with technology investment firm Ranieri Solutions for exploration plans.
Banking Technology April 2018 issue out now
You sought symmetry. And fintech came to you.
CNH Industrial Capital chooses FIS asset finance solution
For managing its commercial contract and lease portfolio.
Finicity in full integration with BeSmartee
Making the digital loan origination process easier for lenders and borrowers alike.
TD Bank in commercial lendtech revamp with nCino
Chalk up another big win for cloud-based lendtech vendor nCino.
Peoples Trust Company trusts Finastra for lendtech revamp
Peoples Trust Company deploys Finastra’s Fusion LaserPro, Fusion DecisionPro and Fusion CreditQuest tech.
LendingTree unleashes free credit monitoring
Online loan marketplace is expanding its horizons.
Jamaican FI in social media analytics project with Neener Analytics
Neener Analytics is showing a Jamaican payday lender how its social media analytics can help boost KPIs.
Ellie Mae to power loan data and documents delivery for Pacific Union
Ellie Mae has teamed up with government lender Pacific Union Financial.
BB&T scraps SAP core banking tech project
SAP’s first core banking technology project in the US is no more, it is believed.
BlueVine and Veem: SME financing meets cross-border payments
New partnership to enable small business owners to save on international payments.
Kapow! Kofax to power Spotcap’s credit assessment algorithm
SME financing provider Spotcap has implemented Kofax’s Kapow robotic process automation (RPA) software.
R3 powers Credit Suisse and ING live securities lending transaction debut
First live transaction using HQLAx’s securities lending app on R3’s Corda blockchain platform.
ID Finance brings behavioural biometrics to fraud fight
Barcelona-based firm incorporating biometrics into its AI-based fraud scoring engine.
US Bank and AutoGravity team to “revolutionise” digital car buying
Giving those looking for auto financing a straightforward process and a loan decision within minutes.
Fintech funding round-up: 21 February 2018
Stars Anyfin, CivilisedBank, Greenlight Financial Technology, Even Financial and Wealthsimple.
Fintech funding round-up: 20 February 2018
Features SETL, AND Global, LendMN and Augmentum Fintech.
Lendtech Roostify lands $25m to disrupt mortgage industry
Roostify’s Series B funding round comes from new and existing investors.
Amazon teams with Bank of America for lendtech leap
Looking to expand its lendtech programme for small businesses that sell on Amazon’s websites.
Fintech start-ups acquired by banks – CB Insights
2017 saw more acquisitions by top US banks than any other year.
