Wednesday, August 17, 2022
The Micro, Small & Medium Enterprise (MSME) sector in India now turns to Peer-to-Peer lending to get access to credit they need to keep the business running. According to Entrepreneur India, banks, for the most part, require too many documentation...
A number of international investors are eyeing Saudi’s most profitable state-owned oil company, Aramco, with its recent announcement of opening up the bond market for retail investors. This news is apart from last month’s $12 billion bonds sold in the...
As the economy slows down, the Reserve Bank of India cuts off lending interest rate by 0.35 per cent, charging only 5.40 per cent. The bank has recorded decelerating consumer spending and corporate investments, affecting the country’s GDP growth. According...
State Bank of India Chairman Rajnish Kumar recently stated that the country’s non-bank financial institutions are finally recovering after years of struggling. CNBC reported that these “shadow lenders” in the sector are still facing some issues but are in...
The declining demand for peer-to-peer (P2P) lending in China has prompted firms to find business elsewhere. LearnBonds report that Chinese P2P companies are eyeing Vietnam, which alarmed local lending companies. P2P lending is a practice that enables borrowers to directly...
British banker Metro Bank announced Monday, March 9, that it has entered into a partnership with Lending-as-a-Service (LaaS) provider Ezbob to deliver next-generation digital lending platform for small business customers. In a release, Metro Bank said that the new offering...
Digital lending in India continues to expand and grow with more FinTech companies taking advantage of unsecured loans for funding. The Omidyar-BCG report states that the sector is close to $100 Bn a year by 2023. Approximately 77 per cent...
Newgen Software, Inc is Bank of the Bahamas’ (BOB) choice for automating retail lending and account opening, said PR Newswire. This move seeks to streamline the banking process through the software company’s automation platform. BOB decided to transition into automated...
Digital lending company Blend recently released a new offering for car buyers, PR Newswire reported. Blend’s newly launched auto lending product is consistent with the company’s goal to provide simple and transparent lending services to borrowers, while also streamlining...
Singapore-based lending platform Vauld raised $2 million to expand into a full cryptocurrency bank and issue debit and credit cards. This funding round was led by Pantera Capital, Coinbase Ventures, LuneX Ventures, and other hotshot investors like Robert Leshner. By...

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