Wednesday, February 19, 2020
Goldman Sachs is currently in advanced talks with e-commerce giant Amazon to offer small and medium-sized business loans to merchants over Amazon’s lending platform, Financial Times reported. According to the report, the 151-year-old bank is currently working on software that...
Last Tuesday, January 28, 2020, the Department of Finance (DOF) of the Philippines announced the South Korean government’s support which is a $50 million loan geared towards the infrastructure projects of the country. The documents exchange and signing were...
The regulatory body for lending in Nigeria has posed “apparent contradictions on monetary policy,” Bloomberg reported. Analysts said that the unpredictability of the rules could have a negative impact on Nigerian lending companies. This conflicting situation came after the county’s...
Consumer lending platform MoneyTap has raised another big shot funding of Rs 500 crore, led by Sequoia India, Aquiline Technology Growth, and RTP Global. The company is backed by both local and international investors from South Korea and Japan. Existing...
Roc360, a financial services platform that caters residential real estate investors, announced Monday, Jan 27, the launch of its latest platform called Haus Lending. In a press release, the New York-based company described its new product offering as “a machine...
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 Philippine Securities and Exchange Commission (SEC) ordered the shutdown of three illegal online lenders last January 21, 2020. The SEC’s order came after discovering that the three online lending platforms operated without proper licenses. The three platforms are Peso...
Adani Capital, the lending arm of the Gujarat-based conglomerate Adani Group, has announced it has acquired Essel Finance’s MSME loan business. The transaction, which grants Adani Capital a loan book of around ₹145 crore, was the second asset of...
Digital lending platform Sezzle recently agreed to pay a fine of $28,200 and refund a total of $282,000 in exchange for a license to operate in California, said PYMNTS. This comes after the company decided to be monitored by...
Since the decline of the web users accessing the Opera browser to surf the internet, freeware web browser Opera has shifted to short-term lending with interest up to 876 percent. The Android Police has found out that the terms of...

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