Posts in category

Lending business


Companies Telkom plans to take on Safaricom in the field of mobile loans Monday, June 27, 2022 Mugo Kibati, CEO of Telkom Kenya. PICTURES | SILA KIPLAGAT | NMG Telkom Kenya plans to launch a mobile loan service, joining the lucrative and growing market for fast digital credit that does not require collateral. The loan …

Image: Business Today Paytm’s parent company, One97 Communications, reported rapid growth in its lending business on Wednesday, with loan disbursements in the April-May period jumping 471% from the corresponding period a year ago. Paytm shares gained on the company’s strong operational update. The disbursement in value amounted to Rs 3,576 crore in the first two …

Capital markets HF obtains 475 million shillings from a mortgage refinancing company for a loan Thursday, June 16, 2022 KMRC Director General Johnstone Oltetia. PICTURES | DIANA NGILA | NMG The Kenya Mortgage Refinance Company (KMRC) lent 474.9 million shillings to mortgage financier HF for onward lending to homebuyers, according to information in the latter’s …

OM6506001 June 10, 2022 Subject: Investment in a peer-to-peer lending business by a partner TO: Director and Manager The Stock Exchange of Thailand News Network Corporation Publicly traded company (the “Company“) wishes to disclose information about investment in the peer-to-peer lending business by an associate as follows: …

NBFC giant, HDFC, on Thursday announced the collaboration with global information technology services and consultancy firm, Accenture, to digitally transform its lending business. The combination will revamp HDFC’s customer experience and business processes to deliver greater operational agility and efficiency and drive business growth. “Continued market disruption in the mortgage industry requires a focused commitment …

The country’s largest housing finance company, HDFC Ltd, on Thursday announced the collaboration with global information technology services company Accenture to digitally transform its lending business. This collaboration, which leverages cloud-native applications, machine learning, automation and advanced analytics, would help revamp HDFC’s customer experience and business processes to deliver greater operational agility and efficiency. and …

Economy Sasra publishes strict rules for university staff loans Thursday 02 June 2022 Peter Njuguna, managing director of the Sacco Societies Regulatory Authority (Sasra). FILE PHOTO | NMG The regulator of cooperative savings and loan societies (saccos) has urged public university-sponsored societies to lend to members only with salary accounts to tame the rise in …

BY EMEKA EJERE Nigerian bank executives may have finally learned the lessons of caution and transparency from their bitter past experiences with the challenge of non-performing loans, NPLs, especially in times of economic hardship like the one prevailing in the economy. current. Since the beginning of the liberalization of the banking sector in the early …

The overseas loan portfolio of six Indian banks grew by 7-33% in FY22, mainly due to a recovery in foreign exchange, which boosted demand for foreign exchange funding. In any case, external commercial borrowing – loans taken out by Indian organizations abroad – has been appeased. This is because they tapped into domestic sources due …

sergeitokmakov/Pixabay Close Brothers Group plc (LON:CBG), the British group specializing in banking, asset management and market making, has provided an update on its performance in the three months to the end of April. CEO Adrian Sainsbury said the group performed well, with continued good momentum in its lending business. The banking division increased the loan …

ATLANTE, May 18, 2022–(BUSINESS WIRE)–Stonehill, a commercial real estate direct lender, has announced the expansion of its management team with four senior executive hires. Joining the organization are Daniel Siegel, Greg Koenig, Nisu Mehta and Taylor Pike. The addition of these leaders represents a strategic step in Stonehill’s vision to expand its commercial lending business …

Mid America Mortgage announced on Monday that it has agreed to sell its main retail division to Legend Lending. Financial terms of the deal were not disclosed. Mid America will selectively retain a portion of retail for certain products and portfolio retention, and will remain active in automation, secondary marketing executions for specialty products, correspondent …

One 97 Communications said on Sunday that Paytm is starting the current FY23 fiscal year on a high. The platform’s lending activity recorded an annualized execution rate of ₹20,000 crore in disbursements as the rollout of the device crossed the 3 million mark. In its April 2022 performance updates, One 97 showed that the number …

Digital payments and financial services company Paytm said on Sunday its lending business saw a 449% increase in the number of loans disbursed in April and the business now had an annualized run rate of Rs 20,000 crore . In a stock filing, Paytm shared its business activity update for April, as …

Companies Kingdom taps into CBK funds of 20 billion shillings for loans Friday, May 13, 2022 Kingdom Bank. FILE PHOTO | NMG By CONSTANT MUNDAMore from this author Summary Kingdom Bank is using some of the 20.9 billion shillings it received from the CBK to make loans, a strategy that aims to improve cash returns …

The Bureau of Immigration (BI) has announced that it has arrested an Indian national for allegedly unlawfully participating in an illegal ‘5-6’ money lending business in Cavite. The suspect has been identified as Bahg Singh, 48, who was arrested by officers from BI Intelligence Division Regional Intelligence Operations Units 4A and 4B at Barangay Inchican …

HONG KONG SAR – Media OutReach – May 6, 2022 – Babel Finance announced on April 18 the appointment of Yang Song as Director of Treasury. Babel Finance Financial Services recently created this role as the company expands the reach of its services to more diverse client groups. Babel Finance, which has the largest crypto …

Economy State provides additional 300 million shillings for loans to small factories Wednesday 04 May 2022 The new Kenyan banknotes. AFP PHOTO By CONSTANT MUNDAMore from this author Summary The ministry aims to advance 2 billion shillings to small factories, mainly in the manufacturing sector, through Kenya’s industrial estates. State-guaranteed loans are expected to create …

Capital markets Bank profits jump 18% in two months on higher lending Wednesday 04 May 2022 The Central Bank of Kenya, Nairobi. FILE PHOTO | NMG By ELIZABETH KIVUVAMore from this author Summary Kenyan banks’ pre-tax profit jumped 18.8% in the first two months of the year on higher lending and reduced provisioning for bad …

L&T Finance is exploring “inorganic structures” to exit the real estate project lending business or at least reduce its exposure in the segment by partnering with other financiers, a senior company official said on Monday. The company is also looking to partner with dedicated funds to create a platform that will commit funds to infrastructure …

MANILA, Philippines — The Philippine Bank of Communications (PBCOM) posted “record” profits last year as its core lending business begins to recover amid easing pandemic restrictions. In a stock exchange statement on Monday, PBCOM, which recently received a universal banking license, said consolidated net profit rose 34.6 percent year-on-year to 1.57 billion pesos in 2021. …

New Treasury Unit to Strengthen Company’s Crypto Lending Business and Innovate Client Services HONG KONG, April 24, 2022 /PRNewswire/ — Babel Finance announced that he has appointed Song Yang as head of treasury, a newly created position as the company continues to expand the scope of its services to more diverse customer groups. With from …

Finastra recently announced the expansion of its team with the addition of Isabel Fernandez, the former commercial head of GE, as executive vice president of the lending business unit. In his new role, Fernandez will accelerate the growth of Finastra’s lending business. Enjoy the biggest financial event in London. Most recently, Fernandez worked at ING, …

Crypto financial services provider Babel Finance has appointed Yang Song as head of treasury, a newly created role as the company expands the reach of its services to more diverse client groups. Song joins Babel Finance from Commerzbank, where he spent 12 years, most recently as vice president of treasury. Song’s tenure at Commerzbank positions …

Market News Family Bank gets 1.5 billion shillings insurance for SME loans Tuesday, April 12, 2022 Family Bank head office in Muindi Mbingu Street in Nairobi. FILE PHOTO | NMG By Edna MwendaMore from this author Summary Family Bank has renewed its agreement with the African Guarantee Fund (AGF) to insure against default losses on …

In its lending business, with most of the DHFL branches now reactivated, we expect disbursements from HL to pick up speed. However, in the pharmaceuticals sector, we expect the difficulties to persist in CDMO, which will lead to sales realization below potential. We expect complex injectables to see a recovery in sales and consumer healthcare …

1 year Billed annually at 4699 ₹ 392 / month 2 years Billed annually at 6999 ₹ 292 / month 3 years Billed annually at 9399 ₹ 261 / month 1 year Billed annually at 6999 ₹ 583 / month 2 years Billed annually at 8799 ₹ 367 / month 3 years Billed annually at …

Bombay : The 124-year-old Godrej Group is set to enter the non-bank lending business with its Godrej Finance Ltd unit, a person familiar with the matter said. The $4.1 billion conglomerate is expected to make an official announcement in this regard on Monday, the person said on condition of anonymity. Godrej Finance had held a …

DUBLIN–(BUSINESS WIRE)–The report “Asia Pacific Embedded Lending Business and Investment Opportunities – Q1 2022 Update” has been added to from ResearchAndMarkets.com offer. According to the Fourth Quarter 2021 Embedded Finance Survey, the embedded lending industry in the region is expected to grow by 39.2% on an annual basis to reach US$27,284.1 million in 2022. The …

DUBLIN–(BUSINESS WIRE)–The “Asia Pacific Embedded Lending Business and Investment Opportunities – Q1 2022 Update” report has been added to from ResearchAndMarkets.com offer. According to the Fourth Quarter 2021 Embedded Finance Survey, the embedded lending industry in the region is expected to grow by 39.2% on an annual basis to reach US$27,284.1 million in 2022. The …

Finland’s Fellow Finance is following in Zopa’s footsteps, shutting down its P2P lending business to focus exclusively on a new banking operation. The loan-based peer-to-peer crowdfunding and lending platform is merging with Evli Bank to create Fellow Bank. Set to open as a new digitally-enabled lender in April, Fellow Finance will offer customers the option …

How financial companies got into the payday loan business Within the Obama administration, the Bureau of Consumer Economic Security has worked to contain abusive payday financing, certainly one of the other strategies, forcing lenders to ensure that some borrowers find how to get their money back. The new Trump administration, …

According to TransUnion Cibil reports, nearly 22 million Indian consumers apply for credit every month. However, the majority of them have been denied credit due to bad credit history or lack thereof. To address the issue, Mumbai-based digital lender CASHe has introduced a first-of-its-kind social behavior-based credit scoring system called Social Loan Quotient. [SLQ]. “CASHe …

SN Subrahmanyan, CEO and Managing Director of Larsen & Toubro (L&T), has been appointed Director and Chairman of the Board of L&T Finance Holdings (LTFH), an NBFC and a subsidiary of L&T. This appointment is in line with L&T’s overall commitment to strengthen its presence in the services field. LTFH will refocus on wholesale lending …

DUBLIN, February 24, 2022–(BUSINESS WIRE)–The “Europe Embedded Lending Business and Investment Opportunities – Q1 2022 Update” report has been added to from ResearchAndMarkets.com offer. The European embedded lending industry is expected to grow by 38.9% on a yearly basis to reach US$8,104.5 million in 2022. The embedded lending industry is expected to grow steadily over …

DUBLIN–(BUSINESS WIRE)–The report “Europe Embedded Lending Business and Investment Opportunities – Q1 2022 Update” has been added to from ResearchAndMarkets.com offer. The European embedded lending industry is expected to grow by 38.9% on a yearly basis to reach US$8,104.5 million in 2022. The embedded lending industry is expected to grow steadily over the forecast period, …

Fintech Upstart, known for its partnerships with banks on consumer installment loans, plans to significantly increase its presence in the auto loan market this year. The San Mateo, Calif.-based company plans to make $1.5 billion in auto loans in 2022, its CEO said Tuesday, after putting the “final essential pieces” in place to begin scaling …

Lending activity reaches 1.9 million loan disbursements in the month, a year-on-year growth of 331%; aggregating to a total value of INR 921 Cr (334% YoY growth) The leadership of offline payments is further strengthened; the number of devices deployed stands at 2.3 million Highest-ever growth in average monthly transactional users (MTU) to 68.9 million, …

Cash Converters has strengthened its revenue profile by moving from small to medium size loans. Cash Converters (ASX:CCV), Australia’s largest subprime lender and second-hand property retailer, has explained the inherent lag in the revenue the firm recognizes on the loans it underwrites, to help investors appreciate the difference between its half-year results. The company generates …

Virgin Money hailed strong performance in the first quarter of its financial year and believes the UK economy is recovering from the pandemic. The rebranded Clydesdale Bank, with offices in Glasgow, issued a trading update in which it said there was “some scope for optimism about the pace of recovery”. The bank said its deposit …

Virgin Money said it had a strong performance in the first quarter of its financial year and said it believed the UK economy was recovering from the pandemic. The bank – which has its main offices in Newcastle, Leeds and Glasgow – issued a business update in which it said there was “some scope for …

DES MOINES, Iowa–(BUSINESS WIRE)–Major global investors®, through its direct lending business, Principal Alternative Credit, closed 2021 with a more than eight-fold increase in committed capital, advancing its plans to expand its private debt capabilities. Marking the completion of its first full year in the direct lending market, Principal Alternative Credit closed nearly 40 deals, including …

DES MOINES, Iowa, January 19, 2022–(BUSINESS WIRE)–Top Global Investors®, through its direct lending business, Principal Alternative Credit, closed 2021 with a more than eight-fold increase in committed capital, advancing its plans to expand its private debt capabilities. Marking the completion of its first full year in the direct lending market, Principal Alternative Credit closed nearly …

X Sign up for free to get the latest news straight to your inbox Register Tower Street Finance, based in Harrogate, specialists in estate loans, has successfully closed its latest funding round. The round raised £18.2m in debt and equity, to fund growth through 2022. The total raised now stands at £36.2m. In 2021, Tower …

Paytm saw a 401% peak in its lending business and 37% year-over-year growth in its gross value of merchandise (GMV) in the third quarter of fiscal 2022, reported One97 Communications, the parent organization of Paytm in a regulatory filing Monday. The gross value of merchandise, which is the value of the total payments made by …

Search mutual fund quotes, news, net asset values HDFC Bank INE040A01034, HDFCBANK, 500180 TataTeleservice INE517B01013, TTML, 532371 Mother-son Sumi INE775A01035, MOTHERSUMI, 517334 CDS INE467B01029, SDC, 532540 Suzlon Energy INE040H01021, SUZLON, 532667 Search mutual fund quotes, news, net asset values HDFC Bank INE040A01034, HDFCBANK, 500180 TataTeleservice INE517B01013, TTML, 532371 Mother-son Sumi INE775A01035, MOTHERSUMI, 517334 CDS INE467B01029, …

Experts in multi-family real estate, Carmel Partners applies a vertically integrated platform to create value in cities from coast to coast, with a historic focus on development and redevelopment projects in major metropolitan areas. By employing internal teams, Carmel Partners has a unique ability to control and oversee every stage of development, from identifying target …

To align with the Indian government’s reform agenda and improve the flow of credit to the unserved and underserved sector of the economy, the Punjab National Bank has entered into a fourth co-loan agreement with Lendigkart Finance Limited. This deal will focus on digital underwriting and cash flow-based lending. The ultimate beneficiaries will be MSME …

Adib Noor Bank Islam Brunei Darussalam (BIBD) announced yesterday the launch of the new BIBD SME360º series, redesigned to better serve the business community through a broader vision and mission as well as a series of initiatives including a web platform microsite and a community engagement campaign aimed at helping micro, small and medium-sized enterprises …

Chroniclers Hidden Market for Equity Pledges for Asset Backed Lending Wednesday 08 December 2021 By RUFUS MWANYASIMore from this author Summary Banks will issue loans at a significant discount to the prevailing share price in order to mitigate the risk of loss in the event of borrower default and / or a decline in the …

HONG KONG, November 30, 2021 / PRNewswire / – Huobi Technology Holdings Limited (“Huobi Tech” or the “Company”, stock code: 1611.HK) today announced the launch of Huobi Lending, a cryptocurrency lending service, in response to financing needs of institutional investors and high net worth individuals. The services will be provided under Huobi Brokerage, a digital …

Warning: This is a sponsored press release. Readers should conduct their own research before taking any action related to the content mentioned in this article. Learn more > HONG KONG, November 30, 2021 – Huobi Technology Holdings Limited (“Huobi Tech” or the “Company”, stock code: 1611.HK) today announced the launch of Huobi Lending, a cryptocurrency …

To share Tweeter To share To share E-mail The cryptocurrency landscape is constantly changing, and since the start of the last boom in 2020, which took the price of Bitcoin to over $ 50,000, it has caught the eyes of millions of people, businesses and from governments around the world. world. The effect of all …

Jabalpur (Madhya Pradesh): A 20-year-old boy has been arrested for allegedly raping a woman by threatening her in Jabalpur, police said on Monday. Police also arrested her father for allegedly running an illegal money-lending business and seized a rifle, firearm, revolver, 46 live cartridges and four knives. Besides Rs 9.90 lakh, 3.340 kg of money, …

– Jaja Finance offers digital credit products focused on simplicity, functionality, service and security – Consortium, comprising entities affiliated with the existing shareholder KKR and the new shareholder TDR, to become the majority shareholders of Jaja – Investment to drive the public launch of the Jaja credit card and other initiatives Digital lender Jaja Finance …

Octopus Real Estate has extended its commercial lending activities to the Republic of Ireland. The specialist real estate lender and investor said it has launched the product which will be available for all types of commercial real estate transactions, including acquisitions, refinancings and the release of equity. Octopus Real Estate said the expansion into the …

HDFC Ltd reported 13.23% growth in total revenues for the September 21 quarter on a consolidated basis to Rs38,591cr. Revenue increased 24.522% on a sequential basis from revenue of Rs30.991cr in the June 21 quarter. In terms of contribution to turnover, growth was driven by income from life insurance and non-life insurance activities, while loan …

Digital payment solutions player Infibeam Avenues Limited (IAL) expects the next big growth spurt to come from its lending business. The company’s express settlement activity – short-term working capital funding – is expected to exceed $ 1 billion by year-end, far more than previous forecast of $ 200 million, it said. a senior official. The …

The regulations have crippled many peer-to-peer lenders in China. Hopefully, the health and emergency services industry better serves the new company and its shareholders. With the health of stocks at stake, the company formerly known as China Rapid Finance Ltd completed an “asset injection” in late July with Yao Bao Two Ltd., the parent company …

Global Brokerage Center Cushman and Wakefield (C&W) acquired a 40% stake in the main multifamily financier Gray stoneagency lending and service activities, putting them in competition with other consulting firms that have recently acquired direct agency lending capabilities. C&W acquired the 40 percent stake in the Greystone branch, Federal Housing Administration (FHA) and management services …

After a race of more than seven years at UBS, Justin driscoll was called upon to take up a new challenge within the framework of Trez Capital’s initiative to strengthen its bridge loan platform from coast to coast. Driscoll recently began his new role as Managing Director of Trez’s real estate bridge financing program and …

Today’s world is very different from that of a few years ago. Aside from the pandemic, the rapid changes taking place globally are incredible. For many, the onset of the global pandemic led to disaster, corporate bankruptcy, and the difficulty of finding a way forward. Yet for other businesses and entrepreneurs, weathering this storm is …

Ant Group ‘Buy Now, Pay Later’ consumer loan business, Huabei, is now part of the People’s Bank of China (PBOC) credit system, following the unbundling of the Alipay super app and the Chinese authorities ‘takeover of clients’ finances. data accumulated by large fintech companies. The information Huabei forwards to PBOC includes all account registration dates, …

Companies Sidian Bank obtains 990 million shillings for SME loans Wednesday 22 September 2021 Chege Thumbi, Managing Director of Sidian Bank (left) and Carol Mulwa, Investment Director of Oikocredit, East and Southern Africa, at the signing of a 990 million shillings line of credit for future loans to SMEs on September 22, 2021 in Nairobi. …

Mcapital, Mswipe’s lending business, has announced the appointment of Tanya Chadha as Chief Operating Officer (COO), according to a statement released today. With over 16 years of financial services and credit experience, she will oversee building a loan portfolio of Rs. 100 crore by March 2022. Her appointment comes as Mswipe prepares for a license …

Tanya Chadha, Director of Operations, Mcapital. Mcapital to meet the credit needs of MSMEs; aims to build an INR 100 Crore loan portfolio by March 2022 Mumbai, September 21, 2021: Mcapital, Mswipe’s lending business, today announced the appointment of Tanya Chadha as Chief Operating Officer (COO). With over 16 years of financial services and credit …

By Dhirendra Tripathi Investing.com – Coinbase (NASDAQ: COIN) shares recovered some losses but traded down 6% on Monday after the platform succumbed to pressure from regulators and scrapped plans to start a business of crypto lending. The company announced its decision in a blog post on Friday. In a communication to the crypto platform, the …

© Reuters By Dhirendra Tripathi Investing.com – Coinbase (NASDAQ 🙂 stock recouped some losses but traded down 6% on Monday after the platform succumbed to pressure from regulators and scrapped plans to start a lending business of crypto. The company announced its decision in a blog post on Friday. In a communication to the crypto …

3 Ways Technology Is Helping The Loan Business To Scale Quickly By Joy Dumasia September 23, 2021 AI credit rating Credit ratings Digital loans The rise of FinTech has resulted in a new and improved lending system with reduced processing time and minimal or no paperwork. The digitization of lending activity predates the COVID-19 pandemic; …

Surat-based digital lending platform Nowofloan.com is revolutionizing the lending industry. The startup has partnered with several banks and non-bank financial corporations (NBFCs) to launch a membership card that can allow members to get digital loan approval in just 30 minutes. Since its launch on July 24, 2019, Nowofloan.com has grown into the most trusted multi-bank …

Surah (Gujarat) [India], September 16 (ANI / PNN): Nowofloan.com, the Surat-based digital lending platform, is revolutionizing the lending industry. The startup has partnered with several banks and non-bank financial corporations (NBFCs) to launch a membership card that can allow members to get digital loan approval in just 30 minutes. Since its launch on July 24, …

Reliance Capital Chairman Anil Ambani said on Tuesday that after the completion of the Reliance Home Finance and Commercial Finance resolution, Reliance Capital’s debt will decrease by 20,000 crore. It will be a great relief for Reliance Capital. Earlier this year, the lenders selected Authum Investment and Infrastructure Limited (Authum) as the successful bidder to …

MUMBAI: The successful completion of the Reliance Commercial Finance (RCF) and Reliance Home Finance (RHF) resolution process will help Reliance Capital reduce its consolidated debt by 50% or Rs 20,000 crore, Chairman Anil Ambani said on Tuesday. Earlier this year, the lenders selected Authum Investment and Infrastructure Limited (Authum) as the successful bidder to acquire …

The success of the Reliance Commercial Finance (RCF) and Reliance Home Finance (RHF) resolution process will help Reliance Capital reduce its consolidated debt by 50% or Rs 20,000 crore, Chairman Anil Ambani said on Tuesday. Earlier this year, the lenders selected Authum Investment and Infrastructure Limited (Authum) as the successful bidder to acquire RCF and …

Ant Group, the world’s largest electronic payments platform, reorganized its business to comply with instructions from the Chinese central bank in April to separate its payment service Alipay from other services offering consumer loans. The Hangzhou-based company, a subsidiary of that newspaper’s owner, Alibaba Group Holding, could create a separate mobile app for the lending …

Jack Trowbridge Leicestershire-based Spirit Healthcare, a provider of drug optimization services for the NHS, has secured a multi-million pound revolving credit facility from Growth Lending, to support innovative R&D projects and expansion on new markets. Spirit Healthcare is working to replace expensive products with cost-effective yet high-quality solutions, with the goal of reducing NHS prescribing …

For small business owners, borrowing money without the hassle of going through a bank is ideal. Banks have extensive eligibility requirements, and even if you’re approved, it can take a long time to get the money. Business owners and entrepreneurs who don’t have good credit may find it especially difficult to get approved, even if …

Indiabulls Housing Finance (IBHFL) has booked business worth Rs 500 crore through the co-loan model during the five months of the current fiscal year and plans to increase it to Rs 300 crore in September. At the start of FY 22, the mortgage lender changed the business model to gradually focus on the co-lending space …

Business Leader looked at asset-based loans (ABL) and how companies can benefit from this financing leverage. Asset-backed loan is a type of business loan that uses the borrower’s assets as collateral to secure the loan. To acquire an asset loan, a business can use tangible capital assets (assets that have physical value) such as machinery …

Goldman Sachs launched GS Select four years ago to reach the wealthiest borrowers. His book doubled in 2020 and is expected to reach $ 10 billion by the end of the year. GS Select’s Whit Magruder told Insider why the rich will continue to take loans they don’t need. Wall Street’s lending business is booming …

Companies Equity Bank Now Closer to Risk-Based Lending Wednesday, August 18, 2021 James Mwangi, Equity Group MD, Mary Nteere, Head of Financial and Regulatory Reporting and Sam Gitwekere, Group Director of Credit Risk, at the half-year results announcement on August 17, 2021. PHOTO | DIANA NGILA | NMG By PATRICK ALUSHULAMore from this author Summary …

After two trading statements relating to the six months to June 2021, Nedbank has released its full interim results. Net interest income increased by 7% and impairment decreased by 59%, so the net impact on its income from credit activities is obviously very positive. The bank’s core lending business increased revenue (net of write-downs) by …

Metro Bank announced a 256% increase in the volume of its consumer credit business between the first half of 2020 and the first half of 2021, thanks to the bank’s acquisition of the peer-to-peer lending platform RateSetter l ‘last year. According to Metro Bank’s latest financial update, £ 704million was provided through consumer loans in …

NEW YORK, July 27, 2021 / PRNewswire / – Pembrook Capital Management LLC (“Pembrook”), a leading national lender focused on investments in affordable rental housing, has appointed two senior advisers to expand the company’s efforts to address racial and economic inequality through its affordable housing lending activity. Stuart boesky, CEO of Pembrook, made the announcement. …

Paytm’s lending business (merchant loans) as well as Paytm Postpaid, the company’s buy-it-now and pay-out product, has got off to a good start. The company’s DRHP reveals that it disbursed 1.4 million loans to T4FY21, nearly 100 times the number of loans (13,000) disbursed to T3FY21. In T3FY20, the company disbursed 13,000 loans, T4FY20 granted …

Fintech unicorn Razorpay has acquired TERA Finlabs, a consumer credit and risk assessment start-up. Launched in 2018, TERA Finlabs is an Indian subsidiary of a UK-based digital lender, GAIN Credit. The acquisition comes against the backdrop of Razorpay’s foray into the SME lending space (small and medium-sized enterprises) in 2019. The fintech company launched Razorpay …

Timothy T. O’Dell CFBank, the wholly owned banking subsidiary of CF Bankshares Inc., ceases its direct-to-consumer mortgage (DTC) business and instead focuses on retail loan origination. The company said it has suspended issuance of new rate freeze commitments through its DTC mortgage business from June 30 and will work to close its loan portfolio and …

LONDON (Reuters) – The Natwest Group announced on Monday that it had agreed to sell most of its Irish commercial lending business to its regional counterpart Allied Irish Banks, as part of the planned exit of the UK lender from Ireland. The deal will see AIB repossess approximately € 4.2 billion ($ 5.01 billion) in …

Independent commercial lender White Oak has announced that it has successfully provided £ 396.6million under the Coronavirus Business Interruption Loan (CBILS) program to support UK SMEs during the pandemic. Demand for CBILS was strong until the 31stst Application deadline in March, White Oak paying £ 80million into CBILS in April and May. Record demand for …

Market news Private school financier raises 205 million shillings for new loans Friday, June 18, 2021 Ed Partners Africa has raised 205 million shillings ($ 1.9 million) to provide credit facilities to affordable and underserved private schools. PHOTO FILE | NMG Nairobi-based private school financier Ed Partners Africa has raised 205 million shillings ($ 1.9 …

As the Indian branch of Volkswagen Financial Services seeks to end its lending business in the country, it is in talks with leading banks to transfer its existing dealer and vehicle finance business. Volkswagen Finance Private Limited (VFPL) is at an advanced stage of talks with banks including Axis Bank, Kotak Mahindra Prime and ICICI …

Companies I&M Bank Kenya contracts IFC 5.4 billion shillings loan to boost lending Monday, May 24, 2021 I&M Bank branch in Nyeri. PHOTO FILE | NMG By VICTOR JUMAMore from this author Summary IFC said the loan will have a maturity of up to seven years, with a five-year grace period to comply with the …

Provident Financial Group PLC Updates Sign up for myFT Daily Digest to be the first to know about Provident Financial Group PLC news. Provident Financial has confirmed plans to shut down its 141-year-old home loan business as its annual results highlighted pressure from the coronavirus pandemic and growing customer complaints about subprime lenders. The Bradford-based …

YORKSHIRE-based Provident Financial is on the verge of shutting down its home loan business after more than 140 years, it has been learned. The Bradford-based institution has more than 380,000 clients and is Britain’s largest subprime lender. However, it has been in deficit since an attempt at modernization went wrong four years ago, leading to …

Provident Financial Group PLC Updates Sign up for myFT Daily Digest to be the first to know about Provident Financial Group PLC news. Provident Financial will be shutting down its home loan business, highlighting the pressures facing the subprime credit market, in particular the high levels of complaints from professional claim companies. Provident, Britain’s largest …

Wunder Mobility has built its business selling software for shared scooter, e-bike, and even short-term car rental startups. Now he’s banking on a new – and once-secret – lending division to generate more income, which will give micromobility operators another option to access capital without having to launch venture capitalists and other investors. . The …

Starling Bank chief executive Anne Boden said the challenger bank is now in a good position to buy another lender and has avoided the need for tech visas as there is already a lot of talent in the UK. The challenger bank, which has funding partnerships with peer-to-peer lenders Funding Circle and Zopa, announced earlier …

Mon 19 April 2021 | DIVISION SALE Business Loan Network, a peer-to-peer lending company, announced that it had fallen into administration. Formerly known as ThinCats, the company initially exited the peer-to-peer retail lending market in December 2019 to focus on growing within institutional finance. As part of this strategy, it launched a plan to liquidate …

Gray stone enlisted a 30-year commercial real estate veteran to help expand their loan origination platform. The Manhattan-based lender on Tuesday announced the hiring of Romano Tio of Ackman-Ziff as Senior Managing Director to focus on large transactions and extend lending to a wider range of asset classes. Tio, who joins Greystone’s commercial finance team …

Annaly Capital Management’s sale of its commercial real estate business should allow the real estate investment trust to focus on its portfolio of mortgage-backed securities, according to a BTIG report. Ironically, Annaly had entered commercial real estate as a diversification strategy when he bought Crexus investment in 2013. The $ 2.3 billion portfolio is comprised …

Esme Loans, NatWest’s standalone digital lending platform for SMEs is being wound up as the pandemic wreaks havoc on the UK’s small business community. Launched as a pilot by NatWest in early 2017, Esme Loans offered an alternative financing option to SME clients looking for faster, unsecured business loans for a wide range of business …

has partnered with private sector Karur Vysya Bank for co-lending activities, with the aim of gaining greater market share in all segments, the companies said on Thursday. The co-lending activity has been a great opportunity for banks and non-bank financial companies to support each other. This would significantly help Cholamandalam and Karur Vysya Bank to …

the financial services arm of the Murugappa group, jointly announced that it has successfully launched co-lending activities in partnership. The co-loan partnership with KVB opens up new business opportunities by allowing access to new customers for KVB and Chola The model not only allows the two companies to effectively size their portfolios, but also uses …

Retailer and payday lender Cash Converters has seen an increase in online demand over the past six months, with online sales rising 39% to $ 5.3 million. Overall, however, the company’s revenue fell 31 percent to $ 98.4 million, and EBITDA fell 19 percent to $ 24.6 million. “The performance of our underlying business model …

Technology Former banker carves out niche in digital credit Thursday 04 February 2021 Little Pesa Limited Managing Director Rakesh Kashyap. PHOTO | DIANA NGILA | NMG By PATRICK ALUSHULAMore from this author Summary Rakesh Kashyap is a seasoned banker who has worked in the industry for over 42 years, including 25 years in India and …

Lufax Holding Ltd. appears to have come out unscathed from its decision to exit the scandal-prone and heavy-regulatory peer lending business as it posted healthy fourth quarter earnings growth. The fintech player, backed by financial conglomerate Ping An Insurance (Group) Co. of China Ltd., focused on wealth management after choosing to leave the peer-to-peer lending …

SYDNEY, Australia, February 01, 2021 (GLOBE NEWSWIRE) – nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Metrics credit partners, one of Australia’s leading non-bank lenders, has adopted the nCino Bank Operating System® transform their business lending practices to further support sustained …

National Bank TCF is expanding its lending capabilities in the commercial equipment sector. The Detroit-based bank said in a press release on Monday that it had acquired BB&T Commercial Equipment Capital Corp. in Malvern, Pennsylvania. A TCF spokesperson declined to provide an acquisition price for the deal, citing confidentiality. The deal includes about $1 billion …

KUALA LUMPUR (December 8): AirAsia Group Bhd is seeking final approval for its BigPay lending business by the first quarter of next year (1Q21). The group said it had already received interim approval from the Department of Housing and Local Government (KPKT) in mid-November to provide loans online under a community credit license. “We hope …

MUMBAI : Alternative asset manager Brookfield and private equity player Everstone have promoted non-bank finance firm IndoStar Capital Finance plans to exit corporate lending altogether by March 2022, its vice-president said. executive chairman and chief executive officer R. Sridhar. The company has reduced its portfolio of securities over the past two years and has reduced …

Northern Arc Capital, a non-bank finance company (NBFC) that provides access to debt to underbanked individuals and businesses in India, plans to step up its direct lending business to focus on small business lending (SBL) , consumer loans, microfinance and middle market loans to emerging companies. “In the last six months, we’ve had a large …

Nucleus Software’s advanced co-loan solution will help Chola process co-loan applications much faster, assess credit risk with a robust framework, and ensure compliance with regulatory requirements. Cholamandalam Investment and Finance Company (Chola), the financial services arm of the Rs 38,000 crore Murugappa Group, has launched its new co-lending business. The company is in the process …

Cholamandalam Investment and Finance Company, the finance arm of Murugappa Group, has launched a co-lending business with technology from Nucleus Software, a lending and transaction banking solutions provider. “Co-lending is a new direction for Chola. This will soon evolve into a very successful partnership model for banks and NBFCs,” said Ravindra Kundu, ED, Chola. Chola, …

Nucleus Software, the leading provider of lending and transaction banking solutions, announced that Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of the Murugappa Group, has successfully launched Nucleus’ advanced co-lending solution Software. The co-lending model is a great opportunity for banks and NBFCs to build on each other’s strengths. The co-loan …

Nucleus Software, the leading provider of lending and transaction banking solutions, has announced that Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of Murugappa Group, has successfully implemented the advanced co-lending solution from Nucleus Software. The co-lending model is a great opportunity for banks and NBFCs to leverage each other’s strengths. The …

Writes with details, backgrounds BEIJING, November 3 (Reuters) – The Chinese central bank and regulators on Monday released draft rules to tighten oversight of online microcredit as it tries to curb rising debt levels in the coronavirus-hit economy. The People’s Bank of China (PBOC) and China Banking and Insurance Regulatory Commission (CBIRC) draft rules aim …

(Written with details, backgrounds) BEIJING, Nov. 3 (Reuters) – The Chinese central bank and regulators on Monday released draft rules to tighten oversight of online microcredit as they try to curb rising debt levels in the affected economy by the coronavirus. The People’s Bank of China (PBOC) and China Banking and Insurance Regulatory Commission (CBIRC) …

(Written with details, backgrounds) BEIJING, Nov 3 (Reuters) – China’s central bank and regulators released draft rules on Monday aimed at tightening oversight of online microcredit as it tries to rein in rising debt levels in the affected economy. by the coronavirus. Draft rules from the People’s Bank of China (PBOC) and the China Banking …

Small and medium-sized enterprises (SMEs) represent 99% of all businesses in the EU, and therefore form the backbone of the European economy. They employ around 100 million people and represent more than half of European GDP. In addition, SMEs provide innovative solutions to challenges such as climate change, resource efficiency and social cohesion and help …

Lu Lindi became an avid online shopper during China’s coronavirus lockdown earlier this year, using the Alipay app on his smartphone to pay for everything from powdered milk to Chinese medicines. But the 54-year-old didn’t realize for weeks that instead of debiting his account, Alipay was actually funding his shopping spree by issuing him a …