Search Results for: Consumer Credit

SmartMetric Sees the Adoption of European Union Banking Directive to Usher in the Rapid Adoption of On-Card Biometric Authentication for Credit and Debit Cards
Banking Finance Fintech News

SmartMetric Sees the Adoption of European Union Banking Directive to Usher in the Rapid Adoption of On-Card Biometric Authentication for Credit and Debit Cards

Fintech News Desk
by Fintech News Desk0
SmartMetric, Inc.: The European Union PSD2 banking directive will force banks to adopt two (2) factor authentication for credit and debit card transactions. The EU, PSD2 directive is designed to afford greater protection for consumers using their credit and debit cards online and offline. It comes into effect as of......
Lufax Retail Credit Platform Ping An Puhui Launches AI-Powered Smart Loan Solution
Artificial Intelligence Fintech News

Lufax Retail Credit Platform Ping An Puhui Launches AI-Powered Smart Loan Solution

Fintech News Desk
by Fintech News Desk0
“Xingyun” to Streamline Loan Applications for Small and Micro Enterprises Lufax Holding Ltd, a leading technology-empowered personal financial services platform in China, announced that its retail credit facilitation platform subsidiary, Ping An Puhui (“Puhui”), has launched a smart loan solution powered by artificial intelligence (AI). Named “Xingyun”, it leverages AI......
Pelican State Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform
Fintech News

Pelican State Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform

Fintech News Desk
by Fintech News Desk0
Scienaptic, a leading AI-powered credit decision platform provider, announced Pelican State Credit Union has chosen its platform to enable the financial institution to make faster credit decisions and support the financial goals of its members. “At Pelican, we understand that our members are more than just their FICO credit score and we......
CIT Northbridge Serves as Sole Lead Arranger on $17.4 Million Credit Facility for Hynes Industries
Business Finance News

CIT Northbridge Serves as Sole Lead Arranger on $17.4 Million Credit Facility for Hynes Industries

Fintech News Desk
by Fintech News Desk0
CIT Group Inc. announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $17.4 million credit facility for Hynes Industries, a provider of custom metal solutions. Based in Youngstown, Ohio, Hynes Industries manufactures highly engineered custom metal products, including strip steel, rolled form shapes, flat wire......
Canadian Banks and Credit Card Issuers Not Separating from Pack Despite Continued Investment in Digital Capabilities, J.D. Power Finds
Banking Digital Mobile Banking News

Canadian Banks and Credit Card Issuers Not Separating from Pack Despite Continued Investment in Digital Capabilities, J.D. Power Finds

Fintech News Desk
by Fintech News Desk0
Customer Satisfaction Scores Increase as Growing Number of Users Migrate to Digital Bank and credit card customers in Canada are interacting with mobile apps and websites at a higher rate than ever before, with a record 68% of retail bank customers using mobile banking and 55% now classified as digital-only.......
Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders
Banking Business Finance News

Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index™ Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) climbed slightly from 13.4% in April to 13.5% in May 2021, according to the latest Biz2Credit Small Business Lending Index™ released today. However, small banks’ approvals jumped higher from 18.2% in April, to 18.7% in May. “Loan approvals by small banks rose 0.3% as banks start to assess the......
PenFed Credit Union Makes Card Management Easy with Digital Technology from Fiserv
Banking Digital Payments Fintech News

PenFed Credit Union Makes Card Management Easy with Digital Technology from Fiserv

Fintech News Desk
by Fintech News Desk0
Credit union will offer spending insights, safety controls and self-service capabilities through members’ smartphones, tablets and desktop computers Fiserv, Inc., a leading global provider of payments and financial services technology solutions, announced that PenFed Credit Union, the nation’s second largest federal credit union, will enhance its members’ ability to manage......
Klarna Secures Additional Funding as Consumers Demand Smarter Alternatives to Shop, Bank, & Pay
Banking Digital Payments E-commerce News

Klarna Secures Additional Funding as Consumers Demand Smarter Alternatives to Shop, Bank, & Pay

Fintech News Desk
by Fintech News Desk0
Klarna, the leading global payments provider, retail bank, and shopping service, confirms a new equity funding of USD 639 million. The round was led by SoftBank’s Vision Fund 2 ,with additional participation from existing investors Adit Ventures, Honeycomb Asset Management and WestCap Group, to support international expansion and further capture global......
OppFi Announces New Relationship with Best Money Moves to Expand Credit Access Through Employers with SalaryTap
Fintech News

OppFi Announces New Relationship with Best Money Moves to Expand Credit Access Through Employers with SalaryTap

Fintech News Desk
by Fintech News Desk0
SalaryTap, a new employer payroll-linked loan product through OppFi’s platform, aims to widen credit access while reducing cost of borrowing Relationship with Best Money Moves designed to help more employees meet their credit access needs through SalaryTap OppFi, a leading financial technology platform that powers banks to help everyday consumers......
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