iwoca leverages open banking for new partnership with Barclays & HSBC

Barclays and HSBC have both connected with small business lender iwoca, making full use of the opportunities presented by open banking.

OakNorth unveils proprietary COVID-19 credit framework to support commercial lenders

The coronavirus has skewed the old way of rating loans, which is why UK challenger bank OakNorth has developed its COVID Vulnerability Rating (CVR) framework to rate the risk of loans.

Westpac pumps $16.5m into three-month old mortgage startup

Australian bank Westpac is continuing to plough money into the region’s FinTech companies and investing $16.5m in online mortgage startup uno.

31 FinTech rounds from the past seven days you cannot afford to miss

From cybersecurity startups to challenger banks, let's take a deep dive into the FinTech companies raising money over the past week.

Mintos nets €5m in its Series A to support creation of IBAN accounts and...

P2P lending marketplace Mintos has pulled in €5m for its Series A round, which will help provide its customers with personal IBAN accounts and debit cards.

Online lending platform Avail Finance bags $17.2m round

Online lending platform Avail Finance has closed an $17.2m investment led by Matrix Partners India.

P2P lending app Orca moves past crowdfunding goal

P2P lending app Orca has sailed past its £500,000 target for its crowdfunding campaign.

Lendingkart Finance said to bag $24.9m in debt, equity financing

India-based Lendingkart Finance has reportedly secured a $24.9m from a mix of debt and equity.

After a tough year for lending Prosper signs $5bn deal

After a tough year for the online lending market and a change of CEOs, peer-to-peer marketplace Prosper has secured a deal with a consortium of investors for up to $5bn worth of loans.

Business lender ProgCap said to raise $5m in funding

ProgCap, which supplies micro and small enterprises in India customised financing, has reportedly raised $5m in funding.

News Stories

Global cards and payments market to grow to $909.1bn in 2023

The global cards and payments market to grow from $721.9bn in 2019 to reach $909.1bn in 2023, according to new research.

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

Join the exclusive webinar with McKinsey and Akur8 to find out more 

How to capture value from pricing analytics in P&C insurance post COVID-19?

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