06 September 2019
Written By FinTech Alliance in Mortages
Tesco Bank will move over 23,000 mortgages over to Halifax, a subsidiary of Lloyd’s, by the end of the month.
The bank’s UK residential mortgage portfolio is worth £3.8bn.
Tesco stopped lending on new mortgages in May and announced plans to sell portfolio.
The decision to sell to Halifax ends a competition to secure the portfolio which also involved Santander and RBS.
The funding will support Tyme's expansion into Southeast Asia, including Vietnam and Indonesia, as it aims to become a top retail bank in South Africa within three years....
The acquisition is expected to enhance FIS's portfolio, following its recent purchase of San Francisco-based Banking-as-a-Service fintech Bond.
AHAM Capital is replacing legacy, on-premises systems with Temenos Multifonds Global Accounting on SaaS to drive scalable automation and future growth in the Malaysian ma...
The funding will drive the growth of its consumer lending platform, CashNow, and improve its Ultra app ecosystem
The Co-operative Bank has made a £464m deal to buy ...
Digital mortgage broking business Habito has just closed a £5mn ...
Starling Bank has purchased a mortgage portfolio worth £1bn from Kensington ...
Key backers include Aviva and Nationwide In Brief:Tembo enables first-time buyers ...
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