financial institutions

Global LendTech Market Overview According to Infoholic Research, the global LendTech market will grow at a rate of over 24% during the forecast period 2019-2025. LendTech's market is primarily driven by increasing internet penetration…

Dragoneer Investment Group and Tiger Global are backing Bazaar, a startup trying to digitize retail in Pakistan with e-commerce, fintech and last-mile supply chain solutions, they said today, joining a growing list of top investors…

The following discussion explains our financial condition as of December 31, 2021 and 2020 and results of operations for the years ended December 31, 2021, 2020 and 2019. The following discussion and analysis should be read in conjunction…

A few weeks ago there were reports of fraudulent use of PAN cards to obtain loans from a fintech lending app. Many people were shocked to see loans registered against their PAN and some of the loans were not!-->…

The city council voted 15-1 to pass legislation that will launch the creation of the Philadelphia Public Financial Authority on Thursday. The entity is supposed to provide loans and improve access to credit and other financial services to…

If you're looking for a loan that doesn't require collateral, a signature loan might be a good option. A signature loan can be used for almost any purpose. Plus, you can receive funds quickly – some lenders issue funds the same business…

There has never been a better time for black entrepreneurs to take their business from concept to reality. If you've always dreamed of owning a business, but didn't have the funds to fund it, now is your chance…

This is a very common situation among freelancers because their income is not the same all the time. I didn't want to ask my partner for money, so I turned to Payday-Loans-Cash-Advance.net. The potential lender was found a few…

"Overdraft fees are deeply unpopular with consumers, and consumers now have more choice," says Leigh Phillips, CEO of fintech nonprofit SaverLife and chairman of the Consumer Advisory Board of the Consumer Financial Protection Bureau.…

Pinwheel, today announced it has raised $50 million in a Series B funding round led by GGV Capital, with continued participation from Coatue, First Round Capital and Upfront Ventures, as well as new investments from strategic partners…

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Washington, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Administrator Isabella Casillas Guzman, Director of the United…

Fort Lauderdale, FL and Cherry Hill, NJ – The Dan Marino Foundation this week launched a new financial literacy program that offers free courses that are accessible to everyone, but specially designed for people with disabilities, with the…

ATLANTA and SAN FRANCISCO, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Verifone, a global leader in fintech and payment solutions provider for the world's best-known retail brands, and Affirm, the payment network which empowers consumers and helps…

Financial institutions are looking for new ways to generate income while providing more personalized customer service. Financial Technology or Fintech is a great solution that can help them do both. Fintech!-->!-->…

Ethereum was the first programmable blockchain, a platform where developers can create self-executing programs called smart contracts. Since its launch, this technology has evolved into…

Blockchain-based digital currencies are redefining not only money, but all aspects of it. Money finds new dimensions when institutions that provide credit services to borrowers come into play. In the blockchain world, these loans and…

On January 5, the open source non-depository decentralized finance (challenge) lending platform Aave launched an authorized version of the protocol intended for institutions. The platform dubbed Aave Arc will leverage Fireblocks as…

Palayan Resources Inc (OTCMKTS: PLYN) is heading north on a recent trade from its $ 0.05 base where it had held steady for some time. The action was quickly noticed by investors and the volume increased significantly, with PLYN trading at…

Financial institutions (FIs), digital banks and FinTechs are in a hurry to meet growing consumer demand for streamlined, interactive and reliable online banking services. As in-person onboarding procedures and account access give way to…

Bitcoin and Ethereum have led the race to make digital money the global currency choice for anyone with internet access for years - but if you want to invest in cryptocurrency, which one should you choose?It's about paying your money and…

Ghost banking market Shadow banking is a term used to refer to different financial institutions, which facilitates banking transactions but does not follow the legal oversight of a country.…

In Uganda's farmland, a new project aims to promote sustainable farming practices and protect biodiversity - using fintech. The program combines remote sensor technology and payment data to make credit decisions that reward the…

After development and construction of new senior housing projects halted during the pandemic, growth is back - with investors and operators navigating economic challenges to seize demographic opportunities. That's according to data…

With fintechs becoming a huge competitive threat to traditional banks, the need for digital transformation in the banking industry is at its peak. Fintechs quickly understood the affinity of consumers for digital technology and forced…

Paytm, listed on the national stock exchanges last week, said the gross value of its merchandise - or payments made to traders through its platform - jumped 131% to $ 11.2 billion last month from to the previous year. The growth was aided…

The most popular NFT on the market may not be the highlight of a monkey or a sport, but your mortgage. Indeed, the mortgage lender LoanSnap recently announced that it has issued the first existing NFT mortgages, using their Bacon protocol…

Watr to Leverage Algorand Sovereign Body, Bringing Revolutionary Transparency to Raw Material Footprints Zug, Switzerland, November 8, 2021 / CNW / - The Watr Foundation, in partnership with Algorand, today announced the launch of the…

By Neil Hare Now is the time to access the capital you might need later to keep your business afloat. getty The old business adage that the time to fix the roof is when the sun is shining has never been more…

Official seal of the NCUA. (Source: NCUA) In a 2-1 vote by the NCUA board of directors, the agency approved a final rule allowing CUSOs to create any type of loan issued by a federal credit union. During Thursday's meeting, board…

introduction Decades of recurring violence and political instability in Iraq have resulted in one of the world's worst humanitarian crises. Populations living in the governorates affected by the 2014-2018 conflict with the Islamic…

According to the Qatar Fintech Hub (QFTH), Doha's mature financial services sector, coupled with national initiatives to support digitization across all sectors, is expected to boost investment in FinTech.In Qatar's fintech program, the…

LenDenClub and Vakrangee jointly launch P2P loans on its network By Léandra Monteiro…

NEW YORK, October 6, 2021 (GLOBE NEWSWIRE) - Average annual income for Latino-owned businesses ($ 258,251) in 2020-2021 was $ 82,535 lower than their revenues the previous year ($ 340,787), a drop of 24.2%, according to the annual…

Artificial intelligence (AI) has become a buzzword for almost every business when it comes to promoting their products and services. What was once the domain of a few tech companies is now…

An Asset Services company specializing in industrial asset transactions…

China stepped up its policy against digital currencies on Friday, after reiterating that it will fight vigorously on its territory against cryptocurrency transactions, classified by Beijing as an illegal means of payment. According to…

Blockchain technology facilitator New Street Technologies (New Street) has secured $ 4 million in funding in a follow-up round. The cycle saw the participation of a group of private investors led by Vittal Kadapakkam in the…

PRESS RELEASE. Pledge Finance launches a decentralized cross-chain financial ecosystem, specially designed for the financial sector following a successful private round in which it raised more than $ 3 million. Hong Kong - Pledge…

Financial institutions will have instant access to increased efficiency in SME lending, enabling access to capital for thousands of small businesses across the country. Digital infrastructure solutions will further accelerate Lendio's…

COVID-19 has highlighted the need for a pan-European digital payment solution and plans to establish the European Payments Initiative, also known as EPI, are on track. Launched by 16 Eurozone Tier 1 banks in July 2020, the lending…

BOSTON, August 31, 2021 / PRNewswire / - Burns & Levinson will host its fifth annual State of the Cannabis Industry conference, which will focus on critical issues in the multi-billion dollar cannabis industry, the September 28,…

Cryptocurrency has brought us peer-to-peer payments that continue to increase participation in the global economy for millions of people without access to traditional banking services. The rise of decentralized finance (DeFi) promises to…

Don't have a credit score? Here's How You Can Still Get a Home Loan Photo credit: BCCL New Delhi: The credit score is extremely important. A credit score, also…

Some big banks are weighing whether the benchmark rate backed by regulators as the best replacement for the scandal-ridden London interbank rate is the only option for companies, or whether they should offer other rates.Many large US…

Families have found a way to earn extra returns in a low interest rate environment by lending to private companies. Private debt - or business loans by individuals, families, and non-bank institutions - has grown significantly over the…

Payment services company Corserv has worked with Boost Payment Solutions to expand the use of commercial card offerings for financial institutions, according to an announcement on Tuesday, August 10. A supplier of credit cards, acquisition…

Subscribe to The Financial Brand FREE by email!Instinctively, being called a “progressive bank” just sounds more appealing than being known as a “traditional bank”.…

Podcast: Play in a new window | To download Due to the perpetual advancements in technology, the way people conduct their day-to-day activities is constantly changing. What once required a visit to the…

SHENZHEN, China, July 16, 2021 (GLOBE NEWSWIRE) - LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading online consumer and finance platform for consumers and next-generation users in China, today announced the…

When it comes to financial services technology, cryptocurrency might grab the headlines, but most important to most people are the many ways fintech automates and simplifies their lives. In this article, data-driven investor Daniel…

NAIROBI, Kenya, July 14, 2021 (GLOBE NEWSWIRE) - UTU, a decentralized trust infrastructure provider that is building new models of digital trust through artificial intelligence and blockchain, today launched its Solvency API for improve…

Paducah, based in Kentucky Computer Services Inc. (CSI) announced Tuesday, July 13 the launch of its CSI Loan Marketplace, with the aim of helping financial institutions (FIs) access a national market for commercial and consumer loans. "The…

Amid growing rivalry in the Latin American payments industry, delivery company Rappi is rolling out credit cards to Brazilian users, Reuters reported. Rappi has partnered with Visa to provide the credit cards. Its credit card offerings…

AUSTIN, Texas--(BUSINESS WIRE)--Elena Ionenko, co-founder of Turnkey lender, was selected as Innovator of the Year 2020 by Finovate. The winners were announced this week during FinovateFall Digital Event. “It's a wonderful…

American voters, who make up about 4% of the world's population, had the daunting task of electing a president whose climate policies would not only affect everyone on Earth…

China Merchants Bank Co. and other state-backed lenders have emerged as big winners from new regulations that have derailed Ant Group Co.'s massive listing, as China aims to level the playing field between fintech giants and…

NEW YORK (AP) - Thousands of small minority-owned businesses were at the end of the government's coronavirus relief program as many struggled to find banks that would accept their demands or were disadvantaged by the terms of the program…

A Tuesday webinar sponsored by the American Amusement Machine Association attempted to provide advice for companies trying to navigate the Paycheck Protection Package loan application process.Many business owners were relieved last week…

ARLINGTON, Virginia. and SAN DIEGO, Aug 4, 2020 / PRNewswire / - CDC Small Business Financing, the country's leading small business lender, and Capital impact partners, a community development finance institution (CDFI) that champions…

WILMINGTON, Del. and LONDON, July 30, 2020 / PRNewswire / - Wilmington Trust, a leading provider of trust services to businesses and institutions, announces it has been appointed Security Administrator for Irish company Nordic Aviation…

Democrats are in favor of the new funding - with their own terms. At the end of the line : President Nancy Pelosi and Democratic Senate Leader Chuck Schumer from New York have presented their demands for any swift action on small business…

This is an archived article and the information in the article may be out of date. Please look at the history's timestamp to see when it was last updated. NEW YORK (AP) - Thousands of small minority-owned businesses were at…

ATLANTA - (COMMERCIAL THREAD) - FINSYNC, Inc., a leading provider of payment technology and cash flow management software, partners with small local lenders to provide their clients with much more loan processing and financing Fast…

By Thomas Furst, Partner, Adam Leitman Bailey PC In the midst of the current deep economic distress, there are, and always will be, countless communications between tenants and landlords asking for forbearance from paying!-->…

After laying dozens of criminal charges against Paycheck Protection Program loan recipients in recent months, on January 12, the U.S. Department of Justice announced its first civil settlement resolving allegations of PPP loan fraud. In…

The US bailout, the controversial $ 1.9 trillion pandemic bill, is now a reality. The new bill includes the high-profile provisions that send payments of $ 1,400 to people earning up to $ 75,000 and couples earning up to $ 150,000…

A new round of paycheck protection program money will begin to be available to some lenders and borrowers on Monday, according to senior administration officials. Community financial institutions - around 10% of eligible lenders - will be…

As of this writing, Congress is voting on the second tranche of funding for the Paycheck Protection Program (PPP) and the Economic Disaster Lending Program (EIDL). The bill, which includes other funding…

We all know we are never really safe online and our web history is likely being tracked. But for what reason can we ask ourselves? A new blog post from the International Monetary Fund (IMF) may provide some insight.RELATED: HOW ARE…

COSTA MESA, Calif .-- (COMMERCIAL THREAD) - As part of its mission to use data to keep the credit economy open to more consumers, Experian® today released its latest Alternative credit data status report. The study highlights…

Yes, you can apply for a mortgage and even take out a mortgage online Previously, mortgages were a very paper-heavy process, with piles of documents to sign and multiple in-person meetings. Some lenders still operate this way.…