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BONIFII SELECTS MASTERCARD AS PREFERRED OPEN BANKING PROVIDER


Bonifii today announced that it has selected Mastercard, through its wholly-owned subsidiary Finicity, as the preferred open banking provider for its Member Pass credit unions to access consumer-permission bank data, to inform underwriting for different loan types across mortgage, auto, personal and small business. MemberPass, powered by Bonifii, is a digital ID that uses distributed

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MORTGAGE LENDING COMPLIANCE OVERVIEW


16TH NOV 2022 | 3:00 PM EST

16TH NOV 2022 | 3:00 PM EST Many mortgage lenders charge a fee for their services. Retail lenders provide mortgages directly to consumers. Direct lenders originate their own loans, either with their own funds or borrowing them elsewhere. Portfolio lenders fund borrowers’ loans with their own money. Wholesale lenders (banks or other financial institutions) don’t

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HOW EMBEDDED FINANCE IS DRIVING FINANCIAL INCLUSION


Adaobi moved to Lagos, Nigeria’s commercial capital in 2018 from Enugu hoping to secure a high paying job in 2018, but when none was forth-coming, she decided to embark on the entrepreneurship journey. To realize this, she approached her bank for a business loan. After weeks of filling all sorts of forms, Adaobi was eventually

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ALVIERE LAUNCHES AUTOMOTIVE EMBEDDED FINANCE PLATFORM


Alviere, a leading global embedded finance technology platform enabling any brand to offer a complete array of financial products and services to customers, fans, and employees, recently announced that AutoPay Plus, an automated loan payment service, offers a unique value proposition to its dealership partners across the country. AutoPay Plus offers car buyers and other consumers flexible payment

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HOW FINTECH IS BRIDGING THE TRADE FINANCE GAP AMONG MSMES


Securing funding has long been problematic for micro, small and medium enterprise (MSME) businesses. Bank loans often require solid credit history, a long track record, or proof of ample cash revenue to gain approval. This is simply not possible for many small businesses and is especially cumbersome for small companies located in developing countries such

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COMMERCIAL METALS COMPANY ANNOUNCES PROPOSED $150M TAX-EXEMPT BOND FINANCING


Commercial Metals Company (NYSE: CMC) (“CMC”) announced today a proposed tax-exempt bond financing in the amount of $150.0 million. In connection with the proposed financing, the Industrial Development Authority of the County of Maricopa (the “MCIDA”) authorized the issuance and sale of Exempt Facilities Revenues Bonds (Commercial Metals Company Project), Series 2022 (the “Bonds”). If the financing

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BNPL FINTECH JIFITI LAUNCHES FIRST-OF-ITS-KIND SPLIT PAYMENT SOLUTION


Jifiti, a leading fintech company, announced today the launch of the first-of-its-kind white-labeled Split Payment solution, which will round out their existing platform of BNPL offerings. The company already facilitates point-of-sale financing for leading banks and merchants globally through its white-labeled platform, enabling them to easily deploy and scale any consumer loan program at any