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ESG is the number 1, 2 and 3 priority for financial institutions. To achieve impact, you should balancing the ESG elements. The ESG mix panel can help with this.
For the Temporary Energy Emergency Fund, Fyndoo developed the verification model that determines whether a household is entitled to an energy allowance.
Podcast 'The Lending Bean' was created to talk about the opportunities in the lending domain as it is full of gaps. In the first episode created, sustainable lending is discussed by Rens van Tilburg and Sander Kooiman.
Open Banking offers great opportunities for lenders. With Fyndoo, clients can onboard faster and with a fuller picture. This creates a smooth digital flow from application to underwriting.
Buy Now Pay Later is an opportunity in the lending domain. With BNPL, banks are in a advantageous position. With Fyndoo, banks can implemented card-linked BNPL effortlessly.
On March 22 - 23, Fyndoo was physical present at Finovate Europa 2022 in London. We have been exploring the future of banking in the metaverse with an on stage demo.
My colleague - Jamie - asked me the question: “Can you lend me 10K? I’m good for it because I’ve got a bored ape which is at least 50K worth”. If the last part bewilders you, you’re not alone.
As the metaverse begins to unfold, we explore the potential of this virtual reality for interacting with clients. The opportunity for a bank to open a branch in the metaverse is, or will be, a compelling proposition. This article explores some of the experiences we had while exploring the metaverse.
2Tn invoices has been financed in Europe in 2021. It is a great opportunity to make invoice financing (factoring) effortless, even small invoices.
The corona crisis has caused banks to push the brake pedal on lending even harder, notes Jamie Burink, Head of Business Lending at Fyndoo. Of all SMEs, 22 percent needed business financing between July 2019 and the following year, according to the Financing Monitor 2020 of the dutch Central Bureau of Statistics. One in five applicants did not receive their credit (in full). Banks are tightening their requirements and entrepreneurs are increasingly relying on other lines of credit.
Every year, the Dutch Central Bureau of Statistics asks companies about their financing needs and activities. This financing monitor showed that last year 22 percent of companies needed external financing. That was about the same as the year before. A substantial number of them, some 23,800, managed to attract financing, but there were also an estimated 6,300 companies that failed to do so.
Starting end of November 2020 de Volksbank offers her business loans (Zakelijk Krediet) product via Fyndoo Advise. As an independent intermediary you can now apply for SNS Business Loans (Zakelijk Krediet) with help of Fyndoo Advise. Next to that advisors now also can apply an SNS Commercial Mortgage (Bedrijfshypotheek) via Fyndoo Advise. Entirely digital.
Facilitating growth for entrepreneurs has always been focus during the development of Fyndoo. This has made the partnership with de Volksbank a very logic one.
Fyndoo will soon be pitching a solution at the NBA that will help the accountant prevent an entrepreneur from going to the bank’s non-performing loans department. Our idea? A blockchain application that enables monitoring of financing covenants.