The central bank of Japan is set to pattern its own lending program after the United States Federal Reserve’s very own “Main Street” lending approach. According to Reuters, this move by the Bank of Japan aims to funnel in...
5paisa.com, India’s only listed fintech firm, has now officially joined the peer-to-peer (P2P) lending space following the launch of its peer-to-peer lending platform. With the said product, users will be able to issue loans from INR 500-Rs 50 lakhs...
According to the latest survey by the Federal Reserve, most U.S. banks are tightening their standards on every loan category as the country prepares for an economic hit amid pandemic.
Due to the ongoing pandemic, banks are monitoring the behavior...
The Facebook-owned messaging application WhatsApp is eyeing a new loan service for India customers, as Amazon unveiled Pay Later for eligible customers in the region.
According to WhatsApp’s memorandum of association (MoA) in regulatory filing for local entity last March,...
The United States Senate recently approved of the $480 billion cash influx to sustain the government, with approximately $349 billion allocated for the Paycheck Protection Program (PPP) geared towards helping small businesses. However, most of the funding has been...
Fintech companies like PayPal and Intuit QuickBooks are offering cash assistance to small business owners who were declined by traditional banks.
The new avenue for loans guarantees faster processing and cash deposit to help businesses settle bills, pay employees,...
Amazon.com Inc. announced Wednesday, March 26, 2020, its decision to stop loan repayments from its sellers as the pandemic continues to affect businesses and sales, notes Reuters. Its Amazon Lending program would reportedly put payments on hold from Thursday,...
Open Financial Technologies, a fintech startup operating a neo-bank, has announced it will be shifting its focus on wealth management and lending despite COVID-19 pandemic
In an interview with ET Tech, Anish Achuthan, Open’s Founder and CEO, said that the...
The Senate issued its final ruling on Wednesday, March 11, 2020, on the Student Loan Forgiveness Program. The initiative proposed by Education Secretary Betsy DeVos initially intended to limit the student debt relief extended to individuals misled by for-profit...
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...
