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