Articles with tag: loan

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Moneytech takes part in Australia's SME Guarantee Scheme

27 Oct 2020 | Payments General

Moneytech has gotten the approval to take part to Australia’s SME Guarantee Scheme, enabling the group to now provide support to SMEs affected by the COVID-19 pandemic.

Moneytech, SME Guarantee Scheme, payments, business loans, lending, finance, SME, COVID-19, Australia

Cashaa, United Multistate Credit Cooperative Society partner in India

27 Oct 2020 | Cryptocurrencies

UK-based Cashaa has partnered with the United Multistate Credit Cooperative Society to provide savings accounts and loans to its customers and crypto investors in India.

Cashaa, United Multistate Credit Cooperative Society, Unicas, cryptocurrency, crypto, partnership, loans, India

FCA highlights continued support for consumers struggling with payments

23 Oct 2020 | Payments General

The Financial Conduct Authority has urged consumers struggling to make repayments due to the impact of coronavirus (Covid-19) to speak to their lenders about options available to them. 

Financial Conduct Authority, lending, loans, repayments, COVID-19, financial resilience, debt, payments, bills

Bluecell Intelligence starts activity in Singapore; launches digital lending platform for SME loans

21 Oct 2020 | E-invoicing, SCF & E-procurement

Singapore-based Bluecell Intelligence (BCI) has announced that it is going to start its activity in the Singapore market, providing a new online platform for quick SME loan dealings.

Bluecell Intelligence, BCI, Singapore, startup, product launch, SME, loans

Line rolls out Line BK messenger-based banking platform in Thailand

20 Oct 2020 | Online & Mobile Banking

Line Corporation has announced the launch of the Line BK messenger-based banking platform in Thailand.

Line Corporation, Kasikorn Vision Company Limited, Thailand, banking, mobile banking, transfers, loans, payments, debit card, credit card, transactions

Thought Machine, Curve team up to provide new credit and loan offering

19 Oct 2020 | Payments General

UK-based core banking technology provider Thought Machine has announced that it has been selected by Curve to power its new credit and loan offering, Curve Credit. 

Thought Machine, Curve, Curve Credit, credit, loan, instalments, purchasing, credit scoring, transactions

OakNorth Bank approves GBP 1.1 bln in new loans

13 Oct 2020 | Payments General

UK-based OakNorth Bank has approved GBP 1.1 billion in new loans to support UK businesses through COVID-19, including over GBP 400 million through the CBILS and the CLBILS. 

OakNorth Bank, loans, UK, United Kingdom, businesses, covid-19, CBILS, CLBILS, lending, economy, Ultimate Finance, The Jade Hotel, Red Oak Taverns, Dewing Properties, Bluegem Capital Partners

Ripple launches Line of Credit to fund instant cross-border payments

09 Oct 2020 | Cryptocurrencies

Ripple has launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale using the digital asset XRP.

XRP, RippleNet, cross-border money transfers, cross border payments, Ripple, ODL, credit, loan, DLT, SMEs, Line of Credit

UK-based taxpayers face GBP 26 bln loss due to BBLS fraud and defaults

08 Oct 2020 | Digital Identity, Security & Online Fraud

The National Audit Office (NAO) has raised concerns that taxpayers might lose up to GBP 26 billion due to fraud and defaults on the Bounce Back Loan Scheme (BBLS).

UK, taxpayers, BBLS, fraud, defaults, National Audit Office, NAO, Bounce Back, Loan Scheme, Starling Bank, Tide, covid-19, small businesses, fintechs, sole trader business accounts

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

Provema, iDenfy partner to facilitate loan and online payment process

07 Oct 2020 | Digital Identity, Security & Online Fraud

Poland-based tech company Provema has partnered with iDenfy to facilitate its loan and online payment process without compromising security.

Provema, iDenfy, loan, identity verification, liveness detection, face recognition, biometrics, GDPR, AML, KYC

ACI Worldwide, GOLDPoint Systems partner to facilitate integrated bill payments

06 Oct 2020 | Payments General

US-based ACI Worldwide and GOLDPoint Systems have partnered to facilitate debit card loan payments and disbursement of loan proceeds for GOLDPoint Systems’ customers.

 

ACI Worldwide, GOLDPoint Systems, partnership, loan payments, ACI Speedpay, payments, debit card, digital payment, instalment, the US

Venio expands mobile payments services across the Philippines

06 Oct 2020 | Mobile Payments

Venio, a mobile application providing ‘nano-credit’ facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines.

Venio, mobile app, financial inclusion, Philippines, loans, nano-laons, credit, retailers

nexus by Standard Chartered Bank partners with Sociolla

02 Oct 2020 | Payments General

UK-based Standard Chartered Bank has partnered with personal care ecommerce platform Sociolla to expand its services to users in Indonesia, according to IBS Intelligence.

Standard Chartered Bank, Sociolla, UK, Indonesia, nexus, banking as a service, savings accounts, loans, credit cards, financial inclusion, payments

Huawei, Sunline launch contactless Digital Loan One Box solution

29 Sep 2020 | Online Payments

Sunline and Huawei have jointly released the Digital Loan One Box solution – a global contactless solution for financial services – at HUAWEI CONNECT 2020.

Sunline, Huawei, launch, Digital Loan One Box Solutio, contactless solution, financial services, HUAWEI CONNECT 2020, Southeast Asia, the Middle East, LATAM, Africa, financial inclusiveness, loan product campaign, customer E-KYC, risk assessment, fund disbursement, post-loan processing, biometric identity authentication, APIs

The UK Chancelor of the Exchequer extends CBILS

28 Sep 2020 | Payments General

The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

UK, Chancelor of the Exchequer, CBILS, government loan schemes, SMEs, coronavirus, pandemic, financial aid, fintechs, alternative lenders, accredited lenders, banks, CLBILS, Bounce Back Loans, loans, Future Fund, convertible loans, repayment, Pay As You Grow

Maybank plans RM 4-5 bln SME digital financing

22 Sep 2020 | Online & Mobile Banking

Malaysia-based bank Maybank has plans to disburse about RM 4-5 billion (~USD 1 billion) loans through its newly launched digital financing solution for the SME segment named Maybank SME Digital Financing.

Maybank, SME, digital financing, loans, digital financing solution, SME segment, SMEs, Maybank SME Digital Financing, fund disbursement, digital platform, STP, straight through processing, disbursement, machine learning, digital lending

EBA to gradually stop loan repayments guidelines

22 Sep 2020 | Payments General

The European Banking Authority (EBA) has made plans to phase out its Guidelines on legislative and non-legislative payment moratoria in accordance with its end of September 2020 deadline.  

EBA, Europe, legislative loan repayments, non-legislative loan repayments, guidelines, payment moratoria, European Banking Authority, covid-19, pandemic, regulatory framework, banks, loans

Banco Sabadell originates EUR 576 mln SMEs loan portfolio securitisation

11 Sep 2020 | E-invoicing, SCF & E-procurement

Banco Sabadell has originated a loan portfolio securitisation to provide EUR 576 million to support small and medium-sized enterprises (SMEs).

Banco Sabadell, SMEs loan, financing, loan securitisatio

Fvndit receives USD 30 mln debt financing for SMEs in Vietnam

11 Sep 2020 | E-invoicing, SCF & E-procurement

Fvndit, a US/Vietnam-based Fintech has received a USD 30 million investment of debt financing led by Accial Capital and Variant Investments.

Fvndit, debt financing, SMEs, Vietnam, loans, fintech, lending