Articles with tag like: borrower

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Heritage Bank, Experian to improve loans process for borrowers

News | Payments General | 14 Jan 2021

Australia-based Heritage Bank and Experian have plans to launch a new loans origination platform that will reduce processing time for the average home loan application by up to 80%.

Heritage Bank, Experian , loan, borrower, Australia, loan application, eligible loans, bank

Jack Henry enhances PPP lending solution to support local businesses

News | E-invoicing, SCF & E-procurement | 11 Jan 2021

US-based PSP Jack Henry has expanded its Paycheck Protection Programme (PPP) loan solution with a borrower-facing digital interface to capture the application and supporting documents. 

Jack Henry, US, PPP, lending, paycheck protection programme, local business, SMB, PSP, loan, borrower, pandemic, fraud, bank, credit union

Greece-based bank loans subject to COVID-19 repayment relief hit USD 37 bln in 2020

News | Payments General | 06 Jan 2021

Greece-based banks have deferred repayments on USD 36.85 billion worth of loans in 2020 to help borrowers cope with the financial fallout of the COVID-19 pandemic, according to Yahoo Finance.

Greece, bank, loans, COVID-19, repayment, borrower, pandemic, European Banking Authority

UK-based P2P lender ArchOver launches open banking

News | Online & Mobile Banking | 06 Jul 2020

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

USD 556 mln lost by Punjab National Bank to fraudulent buying

News | Digital Identity, Security & Online Fraud | 09 Jul 2019

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