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China’s bank regulator has tightened requirements on the internet loan business of commercial banks.
loans, Commercial Bank, regulator, China, BNPL, Ant Group
RotaCloud, partnership, Orka Pay, wages, payroll, SMEs, loans, Credits
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, bank, loans, COVID-19, repayment, borrower, pandemic, European Banking Authority
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, banks, COVID-19, lending, Reuters, European Union, ECB, European Central Bank, European Commission, NPL, pandemic, loans
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, relief measures, pandemic, banks, Reuters, EU, COVID-19, economy, loans, European Banking Authority
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
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
Juniper Research, study, AI, loans, lending, banks, repayments
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, RBI, Account Aggregator Framework, Open Banking, finance management, loans, consent, SMEs
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
Financial Conduct Authority, lending, loans, repayments, COVID-19, financial resilience, debt, payments , bills
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 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, 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, 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, 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