Alternative lender Ultimate Finance is exiting the unsecured lending market in response to “market conditions,” according to the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Late payments have caught the attention of regulators around the world, and of FinTechs exploring ways to accelerate cash flow for B2B companies struggling to make a profit when invoices are left unpaid. But even as FinTechs introduce solutions — from early payment discount programs...
B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In efforts to boost FinTech and collaborative efforts across Open Banking and application programming interfaces (APIs), the Hong Kong Monetary Authority is loosening rules governing lending activities aided by tech (and Big Data). Elsewhere, new serverless infrastructure in Australia, Cashwerkz seeks to streamline enterprise and...
The Asian Development Bank’s striking statistic — a $1.5 trillion gap in global trade finance — continues to be used as a driver of FinTech innovation as technology startups look for ways to address friction in global trade financing. That could mean digitizing documents, integrating...
The U.K. government’s bank referral scheme, designed to connect small businesses that were rejected for a traditional bank loan to alternative lenders, has faced its latest round of criticism as new figures reveal low adoption of the program. Get the Full Story Complete the form...
Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
U.K. challenger bank B-North has tapped two FinTechs to power its small business lending and banking operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
U.K. challenger bank Starling Bank is gearing up to launch a web portal this month, as well as to introduce new loan offerings from third-party providers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
