Mumbai-based company Jai Kisan raised a total of $1.5Mn to support farmers for seed funding and machines. The Fintech company also states the possibilities of expanding its operations to more than 4 major regions in India.
Jai Kisan is only...
After expanding its loan books by an equivalent of $1 billion last year, Nigeria bank Zenith Bank announced on Wednesday, Feb. 26, its plan to slow its loan growth this 2020.
The bank was urged to push for the...
Freedom Mortgage Corporation, a full-service non-bank mortgage giant, has announced it has entered into a definitive agreement to acquire J.G. Wentworth Home Lending, a subsidiary of J.G. Wentworth Company, which specializes in home mortgage lending.
According to a report from...
Broker and investment firm Stifel Financial Corp. is expanding its services into the US innovation ecosystem by launching debt capital financial and commercial banking solutions.
Led by industry experts Brad Ellis and Nathaniel Stone, the firm will be targeting growth...
B2B banking services and solutions provider, Banking Circle, announced Thursday it has partnered with an independent payment solutions provider, Cardstream, to develop a joint white-label lending solution.
In a press release, the Denmark-headquartered company said that the new project will...
With this rapid surge of China's pawn shop industry, the country's banking and insurance regulator is currently drafting new policies that will make oversight of the sector stricter, people privy to the matter said.
The move will focus on one...
The Federal Housing Administration (FHA) just announced that it will be increasing the maximum amount which can be claimed for reserve mortgages. Effective by 2020, the FHA will be increasing the reverse mortgage or Home Equity Conversion Mortgage (HECM)...
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...
The State Bank of India (SBI) has lowered its benchmark lending, deposit, and savings rate on Wednesday, March 11, as the virus outbreak hit India’s economy.
Starting March 10, most loans offered by SBI will have a rate of...
DBS Group, a Singapore bank, announced on Friday that lending for customers who derive revenue from thermal coal will be phased out. It had pledged to have no connection to the industry by 2039.
The bank's decision was influenced by...
