Articles with tag like: lender

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Commerzbank suffers USD 3.3 bln Q4 loss amid restructuring and COVID-19

News | Payments General | 11 Feb 2021

Germany-based Commerzbank has declared a USD 3.3 billion loss in the fourth quarter of 2020, as the lender undergoes major restructuring and deals fallout from the pandemic, according to Reuters.

Commerzbank, loss, restructuring, COVID-19, bank, Germany, pandemic, lender, branch closure, mBank

Yolt Technology Services to provide Open Banking data to mortgage lenders

News | Online & Mobile Banking | 05 Feb 2021

Yolt Technology Services (YTS) has added mortgage lenders to the list of financial service providers it serves, giving them the ability to streamline their lending processes with open banking data, according to AltFi.

Yolt, YTS, Open Banking, mortgage, lender, financial service, lending process

HSBC rolls out private banking in Thailand, Reuters

News | Payments General | 02 Feb 2021

HSBC has set up a new private banking business in Thailand, the Asia-focused lender’s second onshore expansion in Southeast Asia, according to Reuters.

HSBC, private banking, Thailand, Asia, lender, Southeast Asia, private bank, retail wealth

Naqoda to provide core banking services to Oxbury Bank

News | Online & Mobile Banking | 01 Feb 2021

Naqoda has begun its core banking challenger work after announcing a new client, Oxbury Bank, according to AltFi

Naqoda, core banking, Oxbury Bank, banks, UK, challenger bank, online banking, lender

Nucleus Commercial Finance secures GBP 200 mln funding

News | Payments General | 19 Jan 2021

UK-based SME lender Nucleus Commercial Finance has secured a new GBP 200 million funding line from two investment management firms, according to AltFi.

Nucleus Commercial Finance, funding, fintech, alternative lending, lender, SME, UK, CBILS, loan

Liberis raises GBP 70 mln for SME financing

News | E-invoicing, SCF & E-procurement | 22 Dec 2020

Global embedded business finance platform Liberis has secured GBP 70 million in financing from British Business Investments, Paragon Bank, BCI Europe, and Silicon Valley Bank (SVB)

Liberis, financing, SME, embedded business finance, platform, UK, COVID-19, small business, cash flow, bank, lender, CBILS

Deutsche Bank looks to expanse commodity trade finance offering

News | E-invoicing, SCF & E-procurement | 03 Dec 2020

Deutsche Bank has announced plans to grow its business in commodity trade finance, at a time when Europe-based lenders retreat from the sector, according to spglobal.com.

Deutsche Bank, commodity, trade finance, value chains, Europe, lender, ABN AMRO Bank, BNP Paribas, Societe Generale, bankruptcy, pandemic

ECB believes bank profits won't recover before 2022

News | Payments General | 27 Nov 2020

ECB has released its latest stability review, predicting that Europe-based banks will not see profits return to pre-pandemic levels before 2022, according to CNBC.

ECB, European Central Bank, bank, profits, lender, ROE, pandemic, COVID-19, banking, vaccine

National Australia Bank temporarily closes its branches

News | Payments General | 18 Nov 2020

National Australia Bank said on 18 November 2020 it had temporarily closed all its branches and attached offices due to a physical security threat but did not give further details.

National Australia Bank, banks, threat, lender, banking safety

HSBC to invest USD 1 tln in green financing by 2050, Reuters

News | E-invoicing, SCF & E-procurement | 12 Oct 2020

UK-based bank HSBC has aimed towards net zero carbon emissions across its entire customer base by 2050 and provide between USD 750 billion and USD 1 trillion in financing transition.

HSBC, green financing, Reuters, zero carbon emissions, financing, climate change, Europe, Asia, NatWest, UK, banks, lender

Ally partners with Mastercard Vyze for retail financing

News | Online & Mobile Banking | 26 Aug 2020

Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial, has partnered with Vyze, Mastercard's alternative financing platform for retailers. 

Ally, MasterCard, Vyze, retail financing, Ally Lending, Ally Bank, Ally Financial, alternative financing, retailers, platform, POS retail financing, lending, instalments, loan, retail merchants, financial stability, lender

C6 Bank secures fresh capital

News | Online & Mobile Banking | 17 Aug 2020

Brazil-based digital lender C6 Bank has raked in USD 96 million in fresh capital to grow its loan book.

Brazil, C6 Bank, banks, digital, lender, digital bank, loans, online

American Express in talks to acquire Kabbage

News | Payments General | 14 Aug 2020

American Express has announced it is in discussions to acquire Kabbage, an online small-business lender that went up for sale earlier in August 2020.

American Express, Kabbage, SMBs, lender, online, loans, Celtic Bank, COVID-19, coronavirus, pandemic, US, fintech, Small Business Administration, Paycheck Protection Program, Softbank, Reverence Capital Partners, payments

Standard Chartered enabled to run more places of business in Singapore

News | E-invoicing, SCF & E-procurement | 04 Aug 2020

The Monetary Authority of Singapore (MAS) has enabled Standard Chartered Bank Singapore (SCBSL) to run more places of business (POBs) as a Significantly Rooted Foreign Bank (SRFB).

Standard Chartered, SRFB, Singapore, The Monetary Authority of Singapore, MAS, Chartered Bank Singapore, SCBSL, Significantly Rooted Foreign Bank, banks, POBs, digital, digital banks, banking, lender

Metro Bank acquires RateSetter

News | Payments General | 04 Aug 2020

Metro Bank has announced its intention to purchase peer-to-peer lender RateSetter for up to USD 15.6 million.

Metro Bank, banks, P2P, lender, RateSetter, UK, regulators, loans, Australia

iwoca secures USD 130 mln in funding round

News | Payments General | 03 Aug 2020

Alternative lender iwoca has raised USD 130 million from an undisclosed investor. 

iwoca, CBILS, loans, SMEs, lender, banks, partnership

Kabbage launches checking accounts for small businesses

News | Online & Mobile Banking | 23 Jul 2020

US-based online lender Kabbage has announced it will offer checking accounts for small businesses.

Kabbage, SMBs, US, lender, banks, Green Dot Bank, Federal Deposit Insurance Corporation, COVID-19, coronavirus, pandemic

SoFi files application to become a national bank

News | E-invoicing, SCF & E-procurement | 10 Jul 2020

SoFi, an online lender, has filed an application for a national bank charter with the Office of the Comptroller of the Currency.

SoFi, banks, online lender, lender, Office of the Comptroller of the Currency, SoFi Bank National Association, OCC, Federal Deposit Insurance, Federal Reserve, fintechs, banking

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

Metro Bank reveals objective of acquiring RateSetter

News | E-invoicing, SCF & E-procurement | 16 Jun 2020

UK-based Metro Bank has announced it is discussing the acquisition of P2P lender RateSetter.

Metro Bank, banks, RateSetter, UK, P2P, lender, loans, Zopa