Tag: Lending
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna has signed an agreement with a subsidiary of Elliott Advisors (UK) Limited to sell “substantially all” of its short-term, interest-free product receivables...
Philadelphia’s Citadel Federal Credit Union agrees to pay $6.5m to settle allegations of redlining
Citadel Federal Credit Union will pay over $6.5 million to settle allegations of redlining in predominantly Black and Hispanic neighborhoods in and around...
Navigant Credit Union partners Baker Hill to boost commercial loan operations
Navigant Credit Union, based in Rhode Island, has partnered with Baker Hill to use its Commercial Lending solution for loan origination and underwriting.
...
FinVolution expands into Pakistan with Daira launch
FinVolution, a Chinese fintech company, has launched Daira, a new lending platform in Pakistan.
Daira offers low-interest, flexible loans with funds transferred to...
LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
LendingClub Corporation, a California-based digital lending platform, has partnered with Pagaya Technologies, a US-Israeli fintech, to acquire the intellectual property (IP) of defunct...
ESAF Small Finance Bank replaces FIS’ Profile with Oracle Flexcube as new banking core
ESAF Small Finance Bank has transitioned to Oracle Flexcube as its new core banking solution, replacing the previous system, Profile by FIS, which...