Tuesday, January 19, 2021

India’s FinTech startups target subprime customers

There’s stress on Indian public sector banks due to mounting bad debt, and that has resulted in cautious lending. Read more: www.techinasia.com

OCBC guides FinTech companies in WM and loan services

OCBC will help pilot three FinTech solutions in the coming months for its wealth management and home loans services. Read more: www.straitstimes.com

FICO offers banks faster SME loan decisioning

FICO rolls out a new solution to help banks and credit unions automate the SME loan approval process. Read more: www.pymnts.com

Indonesia issues regulation on FinTech lending

The Financial Services Authority (OJK) has finally issued a regulation on financial technology firms that run peer-to-peer (P2P) lending businesses. Read more: www.thejakartapost.com

New FinTech removes intermediaries and loan costs

Zidisha lets web users lend directly to individual borrowers in developing countries without any intermediary. Read more: www.ibtimes.co.uk

Why most P2P lenders have not yet offered IFISAs

After many months of the new Innovative Finance ISA being approved there are only several leading P2P lenders participating in the savings program. Read more: www.crowdfundinsider.com

SoFi launches employees benefits programme SoFi at Work

Social Finance (SoFi) is expanding its offering to include employee benefits and financial wellness programme SoFi at Work to reduce the impact of student debt. Read more: www.fintechroundup.com

Riga-based lender Creamfinance lands €21m

Riga, Latvia-based consumer lending startup Creamfinance has raised €21m in new funding. The Series B round comes from Capitec Bank. Read more: www.fintechroundup.com

FundThrough pockets $18.6m for invoice financing

Canadian SME financing startup FundThrough has raised $18.6m (C$24.6) in a Series B round of funding led by Scale Up Ventures. Read more: www.fintechroundup.com

Float grabs $3m for millennial credit lending

Credit line lender Float has raised $3m in what it’s calling an angel round from investors include Camp One Ventures, Funders Club and 500 Startups. Read more: www.fintechroundup.com