Articles with tag: non-bank

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Fintech Wiserfunding enters Indian market

News | Online & Mobile Banking | 05 Aug 2020

UK-based fintech Wiserfunding has entered India market by launching an AI-backed credit risk assessment tool for SMEs.

UK, Wiserfunding, India, SMEs, fintech, AI, artificial intelligence, credit risk, technology, Europe, partnership, banks, non-banking financial companies, NBFCs

UK-based alternative lenders' access to BoE's fund scheme blocked by incumbents

News | Payments General | 14 Jul 2020

HM Treasury has told non-bank lenders dishing out government-backed loans that they won’t have access to finance from the Bank of England, according to altfi.com. 

UK, alternative lenders, BoE, Bank of England, incumbents, HM Treasury, non-bank lenders, government-backed loans, British Business Bank, fintech loans, fintech

US-based Upgrade secures USD 40 mln funding with help from Santander

News | Payments General | 18 Jun 2020

Alternative lender Upgrade has raised a USD 40 mln Series D funding round from investors including Santander InnoVentures.

Upgrade, Santander, Santander InnoVentures, US, funding, extended credit, alternative lender, non-bank, loans, credit cards, Union Square Ventures, Ribbit, Vy Capital, Silicon Valley Bank, Ventura Capital, Uncorrelated Ventures, financial crisis

LexisNexis' study shows USD 180.9 bln spent on financial crime compliance

News | Digital Identity, Security & Online Fraud | 08 Apr 2020

LexisNexis Risk Solutions has released its True Cost of Financial Crime Compliance Global Report, which provides global industry-driven insights for financial services companies.

financial services, financial crime, compliance, LexisNexis, risk, KYC, AML, transaction monitoring, regulations, data privacy, sanctions, non-bank

Bangladesh introduces e-KYC guidelines to financial institutions

News | Digital Identity, Security & Online Fraud | 10 Jan 2020

The Bangladesh Financial Intelligence Unit (BFIU) has introduced e-KYC guidelines to provide individuals with a better experience when interacting with financial institutions.

Bangladesh, e-KYC, financial institutions, BFIU, money laundering, banks, non-banks, capital market, onboarding, authentication, identification, banking

Citi, Global Payments, PPRO join forces for new digital payments business

News | Online Payments | 29 Oct 2019

Citi’s Treasury and Trade Solutions has announced that it is entering into additional partnerships in a bit to support the development of Spring by CitiSM.

Citi, Global Payments, PPRO, partnership, digital payments, payment solutions, banking, merchants, bank transfers, cards, non-bank

CredoLab, iovation join forces to fight against credit fraud

News | Digital Identity, Security & Online Fraud | 10 Oct 2019

CredoLab has partnered with iovation to integrate iovation`s tech into its own, in a bit to reduce fraudulent loan and credit card applications.

alternative credit scoring, fintech, CredoLab, partnership, iovation, credit fraud, fraud prevention, onboarding, banks, non-banks, transactions, fraudulent activities, KYC, security

BoT to test biometric KYC solution

News | Digital Identity, Security & Online Fraud | 09 Oct 2019

The Bank of Thailand (BoT) has revealed that it is moving forward with a test of biometric KYC technology, which will involve ten separate organisations.

Thailand, bank, biometrics, KYC, commercial banks, non-banks, financial institutions, eKYC, identity verification, account opening

NBFCs receive permission to use Aadhaar-based bank KYC to give loans

News | Digital Identity, Security & Online Fraud | 27 Aug 2019

Non-banking financial companies have been permitted to use the Aadhaar-based bank mandated KYC to avoid repeating the process for the customers.

NBFCs, Aadhaar, banks, KYC, loans, non-banking, KYC, financial institutions, eKYC, PMLA, money laundering

Singapore to issue digital banking licenses to non-banks

News | Payments General | 03 Jul 2019

Monetary Authority of Singapore has announced it will issue five digital bank licenses to non-bank company to strengthen competition in financial services.

Monetary Authority of Singapore, banking licences, fintech, non-bank, Singapore, Malaysia, Asia, APAC, digital banking licence, e-wallet, digital wholesale bank, retail bank

India: Aadhaar biometric KYC authentication considered for fintechs

News | Digital Identity, Security & Online Fraud | 20 May 2019

Digital financial services companies in India have been given the possibility to soon be able to authenticate customers with biometrics using Aadhaar.

India, Aadhaar, biometrics KYC, authentication, fintechs, government, digital financial services, non-bank financial service, security, ML, RBI, financial regulators, regulations, UIDAI

Brismo partners, LendingClub create performance metrics for lending

News | Payments General | 22 Feb 2019

US-based marketplace lending platform LendingClub and UK-based data vendor Brismo have partnered to improve transparency for investors in loan assets.

Brismo, LendingClub, partnership, performance metrics, lending, loan assets, non-banking lending sector, alternative lending

China Lending Corporation launches SCF services

News | E-invoicing, SCF & E-procurement | 10 Dec 2018

China Lending Corporation, a non-bank direct lender for MSMEs, has launched a supply chain financing service that includes business factoring programme.

China Lending Corporation, product launch, China, Asia, non-bank lender, B2B payments, supply chain finance, business factoring, MSMEs, SMEs,

Global payments – where are we heading? Exclusive interview with McKinsey

Interviews | Interviews | 25 Oct 2018

The Paypers sat down with Philip Bruno, Partner at McKinsey & Company and co-head of their Global Payments Practice, to discuss the current state of the payments market and what the future of payments looks like

Philip Bruno, McKinsey & Company, interview, digital commerce, payments, global payments, commerce, innovation, digital, banks, non-banks, transactions, cross-border payments, transfers, remittances, Open Banking, electronic invoicing, cards, APMs

Encore Theme launches supply chain finance solution ThemeChain

News | E-invoicing, SCF & E-procurement | 28 Aug 2018

India-based SCF software solution provider Encore Theme Technologies, has announced the deployment of its flagship product ThemeChain.

Encore Theme Technologies, ThemeChain, Centrum Financial Services, supply chain finance, SCF, invoice automation, NBFCs, non-banking financial companies, India

IFC invests USD 100 mln in Indias Mahindra Finance

News | Payments General | 04 Jul 2018

International Finance Corporation has announced the investment of 640 crore (USD 100 million) in Mahindra Financial Services.

International Finance Corporation, Mahindra Finance, India, investment, loan, non-banking financial company, private sector, financing