New Zealand’s biggest bank, ANZ, admitted responsibilities over the lending breach in 2015 and agreed to pay customers $29.4 million. After a series of investigation, The Commerce Commission found out that a loan variation affected more than 100,000 customers....
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...
The biggest United States bank JPMorgan Chase & Co. announced its plans Tuesday, February 25, 2020, to stop lending or advising companies who belong to the coal-mining industry. Apart from this, the firm also committed $200 billion to fund...
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...
Hong-Kong-based Sky Seal Capital announced Saturday, Feb 22, the launch of its latest platform called Phoenix Lending designed to enable users to deposit digital assets while earning interest. In a press release, the company said it had employed AI strategy...
United States-based membership platform for content creators Patreon has launched its micro-lending venture, Patreon Capital. Under the new program, members can gain advance funding in exchange for a percentage of future earnings. Patreon serves as a platform for creators who...
Thailand’s central bank said banking loan growth could possibly land below economic growth amid the economy falters in the country. Lending growth in the past years reached 6 percent but this 2020, the growth will only exceed a little...
Cryptocurrency lending company Blockfi recently acquired a fund injected of $30 million from various investors who participated in the Series B funding round. Coin Telegraph reports that the firm will use the capital to launch products that would be...
Lending start-up Harmoney, New Zealand’s first licensed peer to peer lender, is set to pull out from the retail investor industry in favour of the wholesale market. In an announcement made Thursday, the Auckland-headquartered lender said it will now stop...
Despite Google’s ban on payday lending apps, several tech startups are still offering unsecured loans with towering interest in Kenya. The country with about 50 million population relies on loans, as a lack of access to financial products. Almost two-thirds...

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