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Find here all the latest articles, news, and research on Loan and other Loan-related topics:

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Vanquis and LOQBOX partner to allow consumers build credit scores

News | Cards | 17 Feb 2021

UK-based credit card provider Vanquis and credit builder LOQBOX have partner to offer initially unsuccessful applicants an actionable, free, and positive next step towards building a credit score.

Vanquis, LOQBOX, partnership, credit score, credit cards, bank account, loan, UK

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

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

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

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

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

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

News | Payments General | 19 Oct 2020

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

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

News | Cryptocurrencies | 09 Oct 2020

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

Provema, iDenfy partner to facilitate loan and online payment process

News | Digital Identity, Security & Online Fraud | 07 Oct 2020

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

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

Mogo offers access to its MogoProtect to help Canada combat identity fraud

News | Digital Identity, Security & Online Fraud | 20 Aug 2020

Mogo has announced that it is now providing free access to its digital ID fraud protection solution, MogoProtect, to help Canadians better understand and combat identity fraud.

Mogo, MogoProtect, identity fraud, fraud protection, Canada, fraudsters, credit card, loan

UK-based lenders support 1.2 mln businesses amid pandemic

News | Payments General | 12 Aug 2020

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

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

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

News | E-invoicing, SCF & E-procurement | 20 Jul 2020

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, Covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

IFC invests EUR 25 mln in NSIA, helps finance businesses in Côte d'Ivoire during COVID-19

News | E-invoicing, SCF & E-procurement | 13 Jul 2020

IFC, a member of the World Bank Group, has announced a EUR 25 million, one-year senior loan to NSIA Banque Côte d’Ivoire (NSIA), allowing the bank to extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the Covid-19 pandemic.

IFC, NSIA, finance, COVID-19, loan, cash flow, Côte d’Ivoire

Opera to acquire Fjord Bank

News | Online & Mobile Banking | 13 Jul 2020

Opera, an Internet browser, has announced its intention to purchase Fjord Bank subject to regulatory approval.

Opera, Fjord Bank, banks, browser, internet, fintech, Europe, loan, Lithuania, Estonia, PocoSys, digital wallet, payments , technology, cards

S&P Global Ratings expects credit losses of 1.3 trillion across banking systems

News | Payments General | 13 Jul 2020

S&P Global Ratings, a rating agency, has announced in a report that the COVID-19 pandemic and responses to it will have long-lasting effects on bank asset quality. 

S&P, banks, S&P Global Ratings, COVID-19, coronavirus, banking, Asia-Pacific, China, North America, Western Europe, US, Canada, loan, US Federal Reserve

World Bank approves USD 750 mln loan for India-based MSMEs

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

The World Bank has approved a loan of USD 750 million to help increase the flow of finance into the hands of MSMEs in India.

World Bank, loan, MSME, India, MSMEs, coronavirus, pandemic, economic shutdown, liquidity, credit requirements, supply chain disruption