lending
4 articles tagged "lending"
Revolut Secures Full UK Banking License After Three-Year Wait
Fintech giant Revolut has obtained its full UK banking license after first applying in 2021, enabling the $75 billion company to offer lending and expanded banking services. The milestone represents a crucial step in the company's mission to become a global banking powerhouse.
Splash Financial Secures Over $70 Million in Series C Funding
In a significant capital boost, Splash Financial has raised over $70 million in its Series C funding round, enhancing its lending services with a new HELOC product. The funding, crucial for future growth, enables consumers to access competitive borrowing options.
FICO and Plaid Collaborate to Introduce Cash Flow UltraFICO Score
FICO and Plaid have teamed up to launch the Cash Flow UltraFICO Score, enhancing credit assessments with real-time financial data to foster inclusive lending.
Mastercard Partners with Argyle to Streamline Lending Through Enhanced Open Banking Platform
Mastercard has enhanced its open banking platform through a partnership with Argyle to streamline lending processes, particularly for the 19% of Americans outside traditional credit systems. While 90% of consumers with limited credit history are willing to share financial data digitally for loan approval, overall open banking adoption remains low at just 11%, with security concerns affecting 56% of non-users, especially older demographics.