Category : Lending

American Financial Exchange Acquired by 7RIDGE
Finance Lending News

American Financial Exchange Acquired by 7RIDGE

PR Newswire
by PR Newswire0
Transaction builds on AFX structure to expand and enhance AMERIBOR adoption The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced that 100% of the company was acquired by 7RIDGE, a specialized growth equity firm invested in transformative technologies for financial......
Rapid Finance Announces Partnership with Rutter to Bring Enhanced Financial Profile
Lending News

Rapid Finance Announces Partnership with Rutter to Bring Enhanced Financial Profile

Business Wire
by Business Wire0
Rapid Enterprise, a division of Rapid Finance delivering Lending-as-a-Service (LaaS) solutions to enterprise clients, announced the successful integration of its digital end-to-end lending platform, Decisioneer, with Rutter’s universal API to enhance LaaS capabilities for business lenders nationwide. “We can’t wait to continue working with the team to push the boundaries with what’s possible in......
Wolters Kluwer Launches OmniVault for Real Estate Finance
Digital Lending News

Wolters Kluwer Compliance Solutions Offers Insights on Evault Capabilities

Business Wire
by Business Wire0
eAsset management is critical to tracking digital loans and providing a digital chain of custody and evidence Tim Yalich, Head of Automotive Strategy, Wolters Kluwer Compliance Solutions, has shared his insights on the adoption of digital capabilities in auto lending. There has been considerable uptake in recent years, particularly on the......
KeyBank Poll Finds 1 in 3 Surveyed Homebuyers Unaware of Affordable Home Lending Offerings
Lending News

KeyBank Poll Finds 1 in 3 Surveyed Homebuyers Unaware of Affordable Home Lending Offerings

PR Newswire
by PR Newswire0
This Fair Housing Month, KeyBank is further committing to making the path to homeownership easier and more equitable KeyBank debuted its Fair Housing Month poll, which surveyed 1,000 homeowners in households earning less than $75,000 annually regarding their homebuying and lending experiences. The poll found that nearly one-third (31%) of respondents did not......
Small Business Bank Loan Approvals Dropped Dramatically in March Biz2Credit Study
Banking Lending News

Small Business Bank Loan Approvals Dropped Dramatically in March: Biz2Credit Study

GlobeNewswire
by GlobeNewswire0
Biz2Credit Small Business Lending Index finds funding requests at banks declined after Silicon Valley Bank’s collapse; borrowers had more success with non-bank lenders. Small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March, according to the latest Biz2Credit Small Business Lending Index™ released today. This marks is the......
CreditFair partners with Credgenics to digitally empower loan collections
Fintech Lending News

Creditfair Partners With Credgenics To Digitally Empower Loan Collections

PR Newswire
by PR Newswire0
CreditFair, a leading consumer lending fintech, has collaborated with Credgenics, a pioneering SaaS-based debt collection and resolution platform, to digitize the loan collections journey for CreditFair’s teams in charge of education, healthcare, home improvement, and electric vehicle loans. Leveraging Credgenics’ agile, end-to-end, digitized, and data-driven solutions, CreditFair has simplified loan resolution processes......
Prism Launches Startup Equity-Focused Lending Platform with $26 Million Capital Raise
Lending News

Prism Launches Startup Equity-Focused Lending Platform with $26 Million Capital Raise

PR Newswire
by PR Newswire0
Prism, a first-of-its-kind lending platform tailored to startup tech companies and employees, announced the launch of its origination services following combined Seed and Series A fundraises of $26 million led by Pantera Capital and Human Capital. Prism works directly with pre-IPO companies to allow employees of those startups to borrow against......
Mississippi-Based Bank Chooses Teslar Software to Streamline Lending Process
Lending News

Mississippi-Based Bank Chooses Teslar Software to Streamline Lending Process

Fintech News Desk
by Fintech News Desk0
Magnolia State Bank partners with fintech to increase operational efficiencies and empower lenders Magnolia State Bank and Teslar Software announced their partnership to help manage exceptions volume and enhance the lending process. The $420 million-asset community bank will leverage Teslar’s sophisticated exceptions tracking tools to save time and boost efficiencies. “In a world full......
CampusDoor Announces Innovations in Private Student Lending
Lending Mortgage News

CampusDoor Announces Innovations in Private Student Lending

GlobeNewswire
by GlobeNewswire0
New Solutions Empower Banks, Credit Unions, Schools and Employers to Compete and Grow in a Changing Market CampusDoor, one of the nation’s largest private student loan origination platforms, announced that it has been accelerating new solutions into the marketplace to help clients compete in an inflationary market. “We are thrilled to......
Point Hope’s New Distressed Credit Fund To Acquire Asian Consumer Non-Performing Loans
Fintech Lending News

Point Hope’s New Distressed Credit Fund To Acquire Asian Consumer Non-Performing Loans

Business Wire
by Business Wire0
Point Hope Pte Ltd, a Singapore-based fund manager, has partnered with Longan Group Pte Ltd, the leading investor and debt servicer in Southeast Asia, to launch a funding platform that will acquire, service and restructure consumer NPL portfolios in emerging markets across Asia. The Singapore-domiciled fund, called Annexe Fund VCC......
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