LendingUP! Turning Loans Around

⬆#LendingUP⬆ was the event for the #Banking and #FinTech transforming #ConsumerLending & #SMELending

[LendingUP! Turning Loans Around @LendingUP]

Europe’s banks have a golden chance to boost #lending to #SMEs by creating products personalised to customers’ needs, for this potentially high-growth market in a post-pandemic recovery. Find more in the whitepaper by @fintech_os
#LendingUP! #SMELending
https://t.co/OSBdHj0OVJ

[LendingUP! Turning Loans Around @LendingUP]

. @alokmittal001 will share @indifitech approach to make #lending processes smart by minimising risk, reducing paperwork and associated costs, while providing a simple and hassle free experience setting #MSMEs on the path to growth: next week at #LendingUP!

#SMELending

[LendingUP! Turning Loans Around @LendingUP]

New #SmartData models will enable @CoopSverige #MedMera #Bank to work with advanced profit scoring as integral part of the #credit assessment. It includes risk of churn, of bankruptcy, win pricing and much more.
#Scoring #LendingSolutions w @TietoEVRY
https://t.co/y570vN3t5K

[LendingUP! Turning Loans Around @LendingUP]

British @Zopa, world's first #P2PLending founded in 2005, is now valued at $1bn after a $300m funding round led by @SoftBank_Group. This makes it the latest European #FinTech to achieve #unicorn status.
#lending #ConsumerLoans #AI #PersonalLoans
https://t.co/LeRhzBly67

[LendingUP! Turning Loans Around @LendingUP]

. @AGAMInternatio2 intends to revolutionise traditional #lending systems in #EmergingMarkets. A proprietary scoring tech helps individuals unlock the power of #AlternativeData to create their own #CreditScore in minutes.
#Instant #DigitalLending
https://t.co/LLpD3fVlvg

[LendingUP! Turning Loans Around @LendingUP]

. @iwoca joined the 70 other lenders accredited to #UK's newest support package for #SMEs, the #RecoveryLoanScheme. iwoca also plans to introduce a tailored #MentalHealth support package for SME owners.
https://t.co/oy7E1jPAU3

[LendingUP! Turning Loans Around @LendingUP]

#FinTech #SunFinance expanded its foothold in 7 new countries. After the launch of instalment loans in Kazakhstan, and soon across all locations, next is #BuyNowPayLater.

#OnlineLending #OnlineLoans #ConsumerLending #MobileLending
https://t.co/9RD0LqYopc

[LendingUP! Turning Loans Around @LendingUP]

Besides the investment, @MarketFinance became one of the first #FinTechs to be accredited under the #CBILS, which lent £250 million to companies across the #UK.
https://t.co/lAAfWaIEOE

[LendingUP! Turning Loans Around @LendingUP]

Right @a0azzam?

[LendingUP! Turning Loans Around @LendingUP]

#UAE's lender #Lnddo unveiled a fully #DigitalLending service dedicated to engineering #credit solutions for SMEs, that are 94% of all firms, and employ 86% of the private sector's workforce.
#DigitalLoans #SMELending #SMEFinancing #SMELoans
https://t.co/y71f8Wu0PR

[LendingUP! Turning Loans Around @LendingUP]

Lisa Jacobs will succeed Samir Desai as CEO of @FundingCircleUK from 2022.
Jacobs joined the #lending platform in 2012 as Chief Strategy Officer. Earlier, she was a #FinancialServices consultant at BCG.
#P2PLending #SMELending #Loans #automation
https://t.co/JRGi5ueqR3

[LendingUP! Turning Loans Around @LendingUP]

. @iwoca launched a #CashAdvance product on @FundingXchange for online sellers. #OpenBanking will allow fully automated revenue-based repayments to #eCommerce businesses with a bank account on the marketplace.
#SMEs #Loans #Lending #APIs @herrling_katrin
https://t.co/q0mi0RHVt5

[LendingUP! Turning Loans Around @LendingUP]

The #pandemic accelerated it further but, still, too many lenders struggle to achieve the expected objective from the tech investment in #DigitalLending. Why? @GiladAmir writes on the dos and don'ts of building a digital lending system.
https://t.co/5wXKMb4lx8

[LendingUP! Turning Loans Around @LendingUP]

The goal is to make #BusinessLoans more accessible to small entrepreneurs, reducing the #CreditGap in India’s #MSME. @Facebook won’t be involved in eligibility or recovery of the #loans: @indifitech will evaluate the business and bear the risk.
#Lending
https://t.co/wHRuGqg8Kb

[LendingUP! Turning Loans Around @LendingUP]

In the #US, @Citi launched Bridge, a " #digital meeting place " to connect #SMEs with regional, local and community #banks online for #loans up to $10m: a pledge to financial inclusion, innovation and #DigitalFirst solutions.
#DigitalLending #Lending
https://t.co/Hr8l8x34wb

[LendingUP! Turning Loans Around @LendingUP]

#AlexBank created an efficient cost structure, offering better #ConsumerCredit options such as competitive #loans with no upfront, ongoing or hidden #fees, while addressing the digital preferences of #millennial and #genZ consumers.
With @Temenos #SaaS
https://t.co/U2AXMY3gy4

[LendingUP! Turning Loans Around @LendingUP]

. @RAKBANKlive leveraged Infosys @Finacle platform, easing the terms of #loans and helping borrowers adopt digital technologies in their businesses.
More about digitisation journeys & the importance of a wider #FinTech #Ecosystem
w @gulf_news
#SMELending
https://t.co/njVvkjZLEk

[LendingUP! Turning Loans Around @LendingUP]

. @CredoLab estimates that African #lenders cannot obtain #CreditBureau scores for 70% of applicants and simply reject them, and that social demographic data can bring you only so far.
#Lending #CreditScore
https://t.co/cqPHGKKvdq

[LendingUP! Turning Loans Around @LendingUP]

. @fincludeAI provides #CreditScoring and affordability profiles using #MachineLearning, addressing the lack of a common credit scoring system across #EU. With its solution on the @IBM Cloud, Finclude will scale more rapidly.
#CreditDecisions #Lending
https://t.co/hznUofCoaw

[LendingUP! Turning Loans Around @LendingUP]

A deal will see #CrediLinq .ai use @ValidisGlobal #API to access accounting data, speeding up the #UW process, enable faster access to funding for #SMEs, reporting and transparency to investors and monitoring of #loans.
#APAC #CreditScoring #lending
https://t.co/oj62YVUv8p