Articles with tag: loans

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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

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

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

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

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

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

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,

Banks report an increased use of COVID-19 moratoria and public guarantees

News | Payments General | 23 Nov 2020

The European Banking Authority (EBA) has published a first assessment of the use of COVID-19 moratoria and public guarantees across the EU banking sector.

COVID-19, loans, banks, EBA, moratoria, public guarantees, loan repayments, public guarantee schemes, fiscal measures

India-based Chola launches co-lending business with technology from Nucleus Software

News | Payments General | 10 Nov 2020

Cholamandalam Investment and Finance Company (Chola), the financial services arm of the Murugappa Group, has gone live with Nucleus Software’s co-lending solution.

Chola, lending, technology, Nucleus Software, partnership, FinnOne, India, vehicle finance, home loans, loan against property, SME loans

Loans issued via AI underwriting to reach USD 315 bln by 2025

News | Payments General | 03 Nov 2020

A new study from Juniper Research has found that the value of unsecured loans issued via AI underwriting platforms will reach USD 315 billion in 2025, up from just USD 24 billion in 2020. 

Juniper Research, study, AI, loans, lending, banks, repayments

Two debt restructuring schemes launched to help distressed SMEs

News | E-invoicing, SCF & E-procurement | 02 Nov 2020

SMEs in financial distress because of the Covid-19 pandemic will be able to access the Sole Proprietors and Partnerships (SPP) Scheme and Extended Support Scheme - Customised (ESS-C) to restructure credit facilities and debts owed to multiple lenders.

SMEs, finance, COVID-19, banks, loans, SMEs, lending, repayments

IndusInd Bank goes live on RBI's Account Aggregator Framework

News | Online & Mobile Banking | 30 Oct 2020

IndusInd Bank has gone live as a Financial Information Provider (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI), making it the first bank in the country to do so.

IndusInd Bank, RBI, Account Aggregator Framework, Open Banking, finance management, loans, consent, SMEs

Deutsche Kreditbank, FinTecSystems launch automated online consumer loans platform

News | Online & Mobile Banking | 29 Oct 2020

Deutsche Kreditbank (DKB) has announced it is now offering an automated online consumer loans platform in Germany, with the help of partner FinTecSystems (FTS).

Deutsche Kreditbank, online loans, DKB, FinTecSystems, FTS, digital bank, PSD2

Moneytech takes part in Australia's SME Guarantee Scheme

News | Payments General | 27 Oct 2020

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

News | Cryptocurrencies | 27 Oct 2020

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

News | Payments General | 23 Oct 2020

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

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

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

News | Online & Mobile Banking | 20 Oct 2020

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