Articles with tag: loans

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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

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

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

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

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

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

Fintech Ohpen acquires loan and mortgage software company, Davinci

10 Sep 2020 | Payments General

 

Ohpen, a fintech platform that aims to bring banking to the cloud, has acquired cross-border loan and mortgages Software as a Service (SaaS) provider Davinci.

savings, investments, loans, mortgages, current accounts, cloud-native, core banking engine, acquisition, fintech, Ohpen, mortgage software, Davinci

Bank of Ireland to support customers through Credit Guarantee Scheme

08 Sep 2020 | Payments General

Bank of Ireland has strongly welcomed the launch of the new Covid-19 Credit Guarantee Scheme, designed to support Irish businesses navigate the ongoing pandemic.

Bank of Ireland, Covid-19, Credit Guarantee Scheme, loans, SMEs, banking, Ireland, payments

Neon receives USD 300 mln in Series C funding round

07 Sep 2020 | Online & Mobile Banking

Neon Pagamentos, a Brazilian fintech, has secured a Series C investment of USD 300 million led by General Atlantic, a global growth equity company.

Neon, funding round, digital banking, payments, investment, credit cards, loans

Guilford Savings Bank expands partnership with Jack Henry for commercial lending

07 Sep 2020 | Payments General

Guilford Savings Bank has launched the Commercial Lending Center Suite to support the commercial lending process, automating previously manual tasks.

Guilford Savings Bank, Jack Henry, banking, commercial lending, Paycheck Protection Program, SMEs, loans, data, US

US-based banks face losses as personal loans decline continues

03 Sep 2020 | Payments General

Data and analytics company GlobalData has observed that US-based banks continue to face severe loses as they experience low net interest margins and falling fee income. 

US, banks, losses, personal loans, net interest margins, fee income, covid, consumer spending, credit card loans, retail banking, liquidity, low credit rates

Helping SMEs grow their business through digital banking – an interview with Tinkoff

03 Sep 2020 | Online & Mobile Banking

Fedor Bukharov, Vice President of Tinkoff and Head of Tinkoff Business, provides valuable insight in what it means to provide the right financial services to boost innovation and growth in the SMEs sector

Tinkoff, Tinkoff Business, Russia, SME, small businesses, digital banking, financial services, loans, cash management, CRM, point of sale, API, coronavirus, pandemic, CoronaIndex, corporate banking mobile app

Mogo plans to launch a mobile P2P payment solution

01 Sep 2020 | Mobile Payments

Canada-based financial technology company Mogo has announced plans to launch a mobile peer-to-peer (P2P) payment solution.

Mogo, launch, mobile payments, P2P, bank account, debit card, credit score monitoring, ID fraud protection, Bitcoin, trading, personal loans