FinTech Futures: Top five stories of the week – 2 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Funding Options
Tide to acquire SME finance marketplace Funding Options
The deal will see Tide’s 475,000 SME customers gain access to more credit options.
Malcolm Leach joins SME financing marketplace Funding Options as CTO
The appointment comes after the firm experienced its strongest quarter since the start of the Covid-19 pandemic.
Santander’s Asto offers loans to SMEs on Funding Options
The bank joins a roster of more than 200 lenders.
UK offers 100% government backed loans, but alternative lenders still fenced out
Funding Options says HM Treasury should “embrace the full ecosystem of lenders” in the SME sector.
Funding Options plugs into open banking with 20 lenders
The firm wants to cut down loan decisioning times amid coronavirus urgency.
Iwoca launches real-time business loan decisions
The industry-first is an integration with Funding Xchange and Funding Options.
Next decade is set to be transformative for small business finance
The tools on offer and the demographic of small business owners will change dramatically in ten years’ time.
Five winners in latest RBS-derived funding round
The fourth entry in the Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package.
Yolt signs partners and prepares for wider roll-out
Yolt is also partnering with Payvision and Funding Options, both of which also have ties to ING.
The reality of Brexit for small businesses
Small businesses are applying a practical no-nonsense approach to protect themselves and their business.
Funding Options launches in Netherlands with ING
A partnership six months in the making.
Open Banking: how the rhetoric is becoming a reality
We need to change the first five pages of a Google search from cynicism and hyperbole to positive stories.
ING invests £5m in UK lendtech Funding Options
Dutch bank also takes minority stake in the SME lending marketplace.
ING pushes for open banking with SME financing platform and Yolt expansion
ING is leveraging open banking and making their SME and retail offer more attractive than ever across Europe
TSB joins lendtech race with Business Marketplace
Plans to become UK’s first high street lender to link to rival’s digital deals.
