Articles with tag: borrower

Found 6 results in 259 milliseconds.

JP Morgan pledges USD 30 bln for reducing racial wealth gap

08 Oct 2020 | Payments General

JP Morgan has declared it would commit USD 30 billion to address racial inequality over the next 5 years, according to Reuters.

JP Morgan, racial wealth gap, racial inequality, Reuters, mortgage, Black borrowers, Latino borrowers, housing project, small business loans, banks, philanthropy, minority suppliers, Bank of America, Citigroup, Community Development Financial Institutions, CDFIs, loans

UK-based P2P lender ArchOver launches open banking

06 Jul 2020 | Online & Mobile Banking

Peer-to-peer business lending platform ArchOver has partnered with analytics firm AccountScore to provide open banking data for use in its credit and monitoring teams.

ArchOver, open banking, P2P business lending platform, UK, AccountScore, credit and monitoring, analytics, bank transaction data, bank account, borrower, lender, in-depth profiling, predictive behaviour, SMEs

US banking regulators urge banks to help borrowers struggling due to coronavirus

26 Mar 2020 | Payments General

US banking regulators have announced they would not penalize banks that help borrowers struggling to repay loans due to the coronavirus outbreak, and vowed to provide “appropriate regulatory assistance” to affected institutions.

US, banking, regulators, banks, borrowers, coronavirus, loans

OakNorth Bank and secure payments solution Shieldpay announce partnership

23 Sep 2019 | Payments General

UK-based OakNorth Bank has announced a strategic partnership with payments solution, Shieldpay, to launch escrow accounts for borrowers.

OakNorth Bank, Shieldpay, partnership, payments solution, bank, UK, escrow accounts, borrowers, ClearBank, pending payments process, Europe

USD 556 mln lost by Punjab National Bank to fraudulent buying

09 Jul 2019 | Digital Identity, Security & Online Fraud

The Wall Street Journal has revealed that Punjab National Bank had been defrauded USD 556 million from a borrower, Bhushan Power & Steel.

Punjab National Bank, fraud, scam, borrower, banks, the Reserve Bank of India, loan, bankruptcy, accounts, scandal, supply chain, liquidity, credit, fraudulent activity

ZOPA to use open banking to improve P2P lending

11 Mar 2019 | Payments General

UK-based lender ZOPA has announced it is considering ways of using open banking to let its P2P investors access their wider portfolio in one place.

ZOPA, product upgrade, open banking, UK, Europe, P2P lending, borrower income verification, alternative lending