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Zopa Secures UK Banking License

PYMNTS

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based million) to become a challenger bank.

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Zopa P2P Lender To Land 12th-Hour Investment To Become Bank

PYMNTS

A source told the Financial Times that Zopa will receive the funds from an entity linked to IAG Capital Partners, a U.S.-based Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. based fund, and its U.K. investment vehicle Silverstripe.

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Consumer Credit Update for 2Q 2023

South State Correspondent

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. Consumer Credit – Mortgage & HELOC Originations are down to the lowest level since 2005. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars.

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Fiserv CEO Jeff Yabuki to Speak at Bank Innovation 2017

Bank Innovation

Yabuki joined Fiserv in 2005. Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.

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Evolving Habits In Businesses, Banks, And Bills

PYMNTS

is strong, with the majority citing new technologies, an improving economy and favorable lending conditions as factoring into why they believe today is a great time to be in their position. Researchers pointed to the perception of higher risk among these borrowers as one factor playing into the gap of small business lending.

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Auto Loans On Fire: Sizzle Or Big Fizzle In The Making?

PYMNTS

The latest salvo comes from Square, where transactions were up 34 percent year over year among its retail merchant client base — you know, the ones in the field and on the ground, with the card readers. Houses are selling, credit cards are swiping and cars are being driving off the lots. mPOS Growth A Giant Wave.

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The 85 Fintech Graduates of Y Combinator (YC): 2005 to 2016

Fintech Labs Insights

Emburse : Corporate prepaid cards that enforce spending rules. MeterFeeder : Enables all parking meters to accept credit cards. PayStack : Online card processer in Nigeria. Drip Capital : Small business financing. Final : A credit card built for the 21st century. LendUp : Reinventing the payday lending industry.

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