Articles with tag like: loans

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China's bank regulator tightens requirements on banks' internet loan businesses

News | Payments General | 22 Feb 2021

China’s bank regulator has tightened requirements on the internet loan business of commercial banks.

loans, Commercial Bank, regulator, China, BNPL, Ant Group

RotaCloud, Orka Pay team up to allow workers access their wages easily

News | Online Payments | 17 Feb 2021

Staff management software provider RotaCloud has joined forces with Orka Pay to allow its 100,000 user base the ability to access their pay as soon as they have earned it.

RotaCloud, partnership, Orka Pay, wages, payroll, SMEs, loans, Credits

Blockpass, EasyFi partner for digital assets lending platform

News | Digital Identity, Security & Online Fraud | 28 Jan 2021

Hong Kong-based Blockpass, which offers on-chain KYC(TM), has announced a partnership with EasyFi.network - a Layer 2 DeFi lending protocol for digital assets.

Blockpass, EasyFi, partnership, digital assets, KYC, DeFi, lending, loans, credit, AML, SaaS

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

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

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

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

OakNorth Bank approves GBP 1.1 bln in new loans

News | Payments General | 13 Oct 2020

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

News | Payments General | 08 Oct 2020

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

News | Mobile Payments | 06 Oct 2020

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