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Capitalise Teams Up with Plaid

Finovate

“Open Banking sits at the core of SME credit decisioning and brings confidence to underwriting risk assessments,” Capitalise Co-Founder Ollie Maitland said. Plaid reported that adoption of open banking by U.K.-based based SMEs has increased by 18% year-over-year.

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Autobooks Taps Fundbox to Launch Autobooks Capital

Finovate

With fast underwriting, competitive rates, and flexible repayment options, Autobooks Capital is designed to complement traditional lending programs by helping small businesses access working capital. . ” Founded in 2013, Fundbox is a digital-first provider of capital infrastructure for small businesses.

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This Week in Fintech: TFT Bi-Weekly News Roundup 29/10

The Fintech Times

Appointments UK digital MGA Ripe appoints David Rowntree as its new chief underwriting officer. allpay has achieved the ISO 27001:2022 certification, an important upgrade from the previous 2013 version. Rowntree has held senior roles at Zurich, RSA, Legal & General and Swiss Re.

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Circle Raises US$1.05 Billion in IPO Debut, Valued at Over US$8 Billion

Fintech News

Morgan, Citigroup, and Goldman Sachs acting as lead underwriters. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle is known for issuing USD Coin (USDC), a widely used stablecoin. At the final share price, the company commands a valuation of approximately US$8.06

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How Faster Underwriting, Credit Analysis Unlock Faster Loan Payments

PYMNTS

That reflects a steady increase from 2013’s measure — 50 percent — and indicates that many Americans may need loans to deal with financial disruptions like medical emergencies or vehicle repairs. . Faster payment services could help such consumers get much-needed funds, as long as lenders can access equally fast underwriting tools.

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Sub-Prime Lending’s Late-Year Bounce

PYMNTS

Matt Komos, vice president of financial services at TransUnion , said this indicates a growing risk tolerance among lenders across underwriting categories. “In Debt numbers have been on the incline for the last four years, presently sitting more than 21 percent above the low point hit in 2013. 30 was the biggest jump since 2016.

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Startup DNA: Apruve Seeking To Streamline B2B Payment Through Platform

PYMNTS

Founded in 2013, Minnesota-based Apruve is aiming to become the industry standard platform for B2B credit management. We work with third-party banks to underwrite all orders placed on terms so sellers are paid out within 24 hours and take zero credit risk,” said Noble. “We We call it ‘CMaaS’ for Credit Management-as-a-Service.”.

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