The value of new home loans fell by 3.2% fall for the month of March, expunging February’s 2.2% rise. According to a record released by the Australian Bureau of Statistics this Monday, the value of mortgage lending for this month...
The Securities and Exchange Commission (SEC) recently moved to shut down 11 more mobile lending applications in the Philippines. The decision to close down these apps follows after numerous complaints against the companies involved. According to ABS-CBN News, 11 institutions...
British banker Metro Bank announced Monday, March 9, that it has entered into a partnership with Lending-as-a-Service (LaaS) provider Ezbob to deliver next-generation digital lending platform for small business customers. In a release, Metro Bank said that the new offering...
The Asian Development Bank (ADB) approved the $400-million loan to the Philippines last Tuesday, May 26, 2020. The loan is reportedly intended to boost the capital market development in the country. According to the Manila Bulletin, the capital market development...
News about the national interest rate of 36 per cent limit for a mortgage, car loans, payday loans and other consumer credit transactions are now being revived by Senator Dick Durbin. Durbin is reintroducing a bill called ‘Protecting Consumers From...
Viet Nam Prime Minister Nguyen Xuan Phuc recently signed a directive aiming to combat the so-called ‘black lending,’ says Viet Nam News. This move was made to fight against loan sharks who earn an excessive amount of money by...
Multi-state lender Planet Home Lending has named Muthu Srinivasan as its new chief technology officer (CTO) and Jeffrey Ratter as the new chief information officer (CIO). As reported by National Mortgage Professional, Srinivasan, the company’s new CTO, presents an impressive...
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...
Silicon Valley-based mobile lending company, Branch International, recently teamed up with Visa. Following this, the fintech startup was able to successfully raise $170 million in Series C financing. Apart from Visa, Forbes notes that the business was also able...
Digital lending in India continues to expand and grow with more FinTech companies taking advantage of unsecured loans for funding. The Omidyar-BCG report states that the sector is close to $100 Bn a year by 2023. Approximately 77 per cent...

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