In a press release dated on May 20, 2019, Ellie Mae announced that its company is expecting to release a new Encompass Digital Lending Platform. According to the company, version 19.2 of their platform will target lenders and the...
China Banking Regulatory Commission said peer-to-peer (P2P) lending investors saddled more than 800 billion yuan in debt following the failed lending platforms.
What was once 6,000 businesses strong, the P2P lending sector reduced to only a few dozens after new...
Peer-to-peer (P2P) lending companies in South Korea are experiencing a record-breaking high delinquency rate, reports Xinhua. This comes after property development loans turned out to be unsuccessful.
Data from the sector shows that the delinquencies in 45 South Korean P2P...
United Kingdom British finance minister Rishi Sunak is slated to extend the Government Treasury’s business lending schemes in light of the continuing fight against the virus pandemic. According to Reuters, the four loan schemes will be extended until the...
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...
Despite the lower loan market in Indonesia, private lender Citibank recorded a profit jump of 97% or Rp 1.64 trillion in the first six months of 2019.
Citibank ’s quality loan and higher interest income have made this breakthrough possible,...
In a recently published annual report by LendEDU, the firm revealed that the current student loan debt in the whole country amounted to $1.52 trillion, with countless individuals living in debt as they graduate from school. Following this, numerous...
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....
Fintech startup Flutterwave has partnered up with China’s e-commerce giant Alipay. The partnership will reportedly yield easier and more efficient payment and lending transactions between China and Africa.
Flutterwave is a Nigerian-founded and Lagos-based financial technology startup company. According to...
Vermont State Treasurer Beth Pearce, along with the General Assembly, Vermont League of Cities and Towns, and the Vermont Bankers Association, introduced Tuesday the Municipal Emergency Statewide Education Property Tax Borrowing Program. Under the said service, municipalities can now...
