Articles with tag: loan

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Goldman Sachs looks for deals to boost Marcus, Reuters

News | Online & Mobile Banking | 15 Jan 2021

Reuters has cited sources stating that Goldman Sachs is considering acquisitions to improve its consumer banking unit Marcus, after slowing loan and deposit growth in 2020 amid pandemic.

Goldman Sachs, Marcus, consumer banking, loan, deposit, pandemic, bank, M&A, digital banking

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

i2c, Jifiti to launch finance program for a major France-based retailer

News | Online Payments | 13 Jan 2021

i2c, a provider of digital payment and banking technology, has partnered with Jifiti, a consumer financing platform working to facilitate loan programs for banks, lenders, and merchants throughout Europe.

Jifiti, i2c, fintech, POS finance, retail, loan program, online payments

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

Italy to take on USD 17 bln of UniCredit bad loans to ease MPS sale, Reuters

News | Payments General | 08 Jan 2021

Italy has plans to take on about EUR 14 billion (USD 17 billion) of UniCredit’s impaired loans to make a takeover of state-owned Monte dei Paschi more attractive for the bank, according to Reuters

Italy, UniCredit, MPS, Monte dei Paschi bank, takeover, AMCO, debt, high-risk loans, Treasury, Mediobanca, UBS, JP Morgan, Credit Suisse, Bank of America, Orrick, ECB

EIB Group, BNP Paribas to support French companies facing the consequences of the COVID-19 crisis

News | Payments General | 08 Jan 2021

The EIB Group and BNP Paribas have signed a synthetic securitisation to support French SMEs and mid-caps hit by the consequences of an unprecedented pandemic crisis.

EIB Group, banking, loan, COVID-19, SMEs, BNP Paribas, France

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

Nucleus Commercial Finance to lend GBP 200 mln via CBILS

News | Payments General | 06 Jan 2021

UK-based alternative lender fintech Nucleus Commercial Finance has pledged to lend GBP 200 mln to SMEs through the government-backed Coronavirus Business Interruption Loan Scheme (CBILS).

Nucleus Commercial Finance, UK, CBILS, alternative lender, lending, fintech, coronavirus, government backed loan, loan scheme

US Opportunity Fund partners with credit unions to invest in SMEs

News | E-invoicing, SCF & E-procurement | 06 Jan 2021

US-based Opportunity Fund has partnered with multiple credit unions as part of its USD 1 billion commitment to investing in marginalised SMEs in the next two years.

Opportunity Fund, SMEs, US, nonprofit, CDFI, Meriwest Credit Union, Self-Help Federal Credit Union, UMe Credit Union, loans,

EU to help banks affected by COVID-19 to keep lending

News | Payments General | 17 Dec 2020

The European Union has planned to help banks jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pandemic, according to Reuters.

EU, banks, COVID-19, lending, Reuters, European Union, ECB, European Central Bank, European Commission, NPL, pandemic, loans

EIB, Podgoricka Banka agree EUR 20 mln credit line for SMEs

News | E-invoicing, SCF & E-procurement | 15 Dec 2020

The European Investment Bank (EIB) and Montenegro-based Podgoricka Banka, a unit of OTP, have agreed a EUR 20 million credit line for SMEs in the Balkan country, according to SeeNews.

EIB, Podgoricka Banka, OTP, SME, credit line, European Investment Bank, bank, loan, EU, Europe, Balkan

Admiral, Credit Kudos partner to provide open banking data for lending arm

News | Online & Mobile Banking | 15 Dec 2020

Admiral Financial Services has signed up credit referencing and open banking fintech Credit Kudos to enhance its credit decisioning process.

Admiral Financial Services, Credit Kudos, open banking, lending, data, banking, fintech, credit referencing, loan

UK government provides financial help to businesses after Brexit

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The UK government has announced that it will offer extra financial help to businesses to help them cover their costs after Brexit.

UK, government, trade finance, scf, Brexit, trade, loans, EU, UKEF, guarantee, lenders, banks

Credit Union Loan Source selects ACI Speedpay for digital bill payments

News | Payments General | 04 Dec 2020

Credit Union Loan Source (CULS) has selected ACI Speedpay from ACI Worldwide, a global provider of real-time digital payment software and solutions, to offer its customers digital bill payments.

Credit Union Loan Source, CULS, ACI Speedpay, ACI Worldwide, mobile payments, credit unions, digital bills, mobile wallets

EBA reactivates relief measures for pandemic-hit banks, Reuters

News | Payments General | 03 Dec 2020

European Union regulator EBA has revived guidance to allow banks to grant a new round of loan repayment holidays to coronavirus-hit customers, according to Reuters.

EBA, relief measures, pandemic, banks, Reuters, EU, COVID-19, economy, loans, European Banking Authority

Raisin launches partnership with Banca Sella in Italy

News | Payments General | 02 Dec 2020

Italian bank Banca Sella and pan-European deposits marketplace Raisin have teamed up to give the bank’s customers access to third-party savings products.

Banca Sella, Raisin, marketplace, banking, loans, savings, partnership, digital payments, partnership, Italy

BNP Paribas launches the Sustainable Supply Chain Finance Framework

News | E-invoicing, SCF & E-procurement | 01 Dec 2020

BNP Paribas has developed a KPI matrix to promote sustainable practices in corporate supply chains under the new scheme announced by the Monetary Authority of Singapore.

BNP Paribas, Singapore, product launch, Sustainable Supply Chain Finance Framework, SCF, Monetary Authority, Green and Sustainability Linked Loan Grant Scheme, MNCs, supply chain,

NNIP, Channel Capital Advisors launch fund focused on trade finance

News | E-invoicing, SCF & E-procurement | 27 Nov 2020

Netherlands-based NN Investment Partners (NNIP) has teamed up with Channel Capital Advisors to launch a new fund focused on the market of trade finance.

NN Investment Partners, NNIP, Channel Capital Advisors, partnership, Netherlands, trade finance, product launch NN (L) Flex Trade Finance, finance loans, ESG,

UOB expands its Green Infrastructure Financing Framework

News | E-invoicing, SCF & E-procurement | 26 Nov 2020

Singapore-based UOB has announced the expansion of its Green Infrastructure Financing Framework to provide sustainable financing to companies in the infrastructure sector.

UOB, Green Infrastructure Financing Framework, SCF, Monetary Authority of Singapore, Loan Grant Scheme, sustainable financing, trade finance, banking

Challenger banks, oases for SMEs - interview with Starling Bank

Interviews | Online & Mobile Banking | 24 Nov 2020

Anna Mitchell, Starling’s Head of Marketplace, shares the recipe behind the success of Starling and how the challenger bank is positioned to enable SMEs to thrive in challenging times with the use of APIs

Anna Mitchell, Starling, SMEs, APIs, incumbents, payments, lending, financial institutions, digital banking, alternative financial services, fintechs, challenger bank, invoice insurance, digital receipts, Coronavirus Business Interruption Loan, Bounce Back Loan Schemes, TPPs,