Bank loans

RBI exempts borrowers with less than Rs 5 crore in bank loans from scope of circular on current accounts

The Reserve Bank of India (RBI) on Friday announced a series of amendments to its current account circular dated August 6, 2020, exempting from its scope borrowers whose exposure to the banking system is less than Rs 5 crore. The regulator has also exempted accounts opened under specific instructions from the central government and state […]

Financial institutions

6 financial institutions under investigation for money laundering – FID

At least six institutions operating in the island’s financial sector have been flagged by the Financial Investigations Division (FID) as not following the law and their operations “may be used to facilitate money laundering”. According to FID Senior Director Keith Darien, “…We think a few of these (financial) institutions will be prosecuted, or will have […]

Bank loans

Bank Loans in Nigeria: Collateral Types and Loan Documentation – Securitization and Structured Finance

Bank loans are a very valuable tool for business growth and sustainability in Nigeria; especially since we’re not exactly a credit-driven society. It is important to understand that getting a bank loan in Nigeria does not necessarily mean that a person or business is in financial difficulty. In fact, a loan can be a powerful […]

Financial institutions

Financial institutions oppose Biden’s plan to spy on customers’ bank accounts – The Mercury

In an effort to increase taxpayer compliance, the Biden administration has proposed that financial institutions be required to report additional information about account holders in an enhanced annual IRS Form 1099-INT. Starting in 2023, banks, credit unions, and other entities would be required to report annually to the IRS the gross inflows and outflows of […]

Financial institutions

Updated FTC rule requires financial institutions and dealers to tighten data security

The Federal Trade Commission, citing an increase in data breaches and cyberattacks, on Wednesday released a series of long-debated updates to its rule requiring financial institutions to establish safeguards to protect customer financial information. In short, the FTC’s amended 145-page “safeguard rule” states that nonbank financial institutions — including car dealerships — establish and maintain […]

Financial institutions

FTC updates security requirements for financial institutions

The Federal Trade Commission on Wednesday announced safeguard rule updates that strengthen the security of consumer financial information following an increase in data breaches. The updates outline specific criteria that financial institutions must meet, including limiting access to consumer data and using encryption to secure that data. “Financial institutions and other entities that collect sensitive […]

Debt finance

Sustainable Debt Financing in Canada: Loans Linked to Sustainability | Bennett Jones LLP

Sustainability Loans are loan products designed to reward a borrower with improved pricing for meeting pre-defined sustainability performance goals related to environmental, social and / or governance-related sustainability considerations. Now the preferred global asset class, sustainability-related loan issuance is estimated to have reached US $ 350 billion in global lending markets in the first half […]

Financial institutions

Jack Henry & Associates Announces Executive Retirement

Published: October 26, 2021 at 7:00 a.m. CDT|Update: November 3, 2021 at 8:00 a.m. CDT MONET, Mo., November 3, 2021 /PRNewswire/ — Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily to the financial services industry. The company today announced that the Chief Financial Officer […]

Financial institutions

Technologies you didn’t know financial institutions were using

There is a common misconception in some circles that banks and other large financial institutions are not innovating at the speed of their smaller, leaner fintech counterparts. Behind the scenes, however, companies like UBS are making major advances in customer and employee experience using cutting-edge technologies, while maintaining the highest levels of security and compliance. […]

Debt finance

Mobility company to create jobs with NPIF financing – FW Capital Debt Finance | Yorkshire Deals News

Pictured: FW Capital’s Andy Castle (left) with SelfSure’s Paul Johnson and RedSky’s Andy Davidson A mobility company in South Yorkshire is set to grow and create jobs after securing investment from NPIF – FW Capital Debt Finance, which is managed by FW Capital and is part of the Northern Powerhouse Investment Fund (NPIF). SelfSure, owned […]

Debt finance

ABC considers customer ATO refunds to pay off credit card debt – Finance – Software

The ABC has added a feature to its app to alert customers when they receive a refund from the Australian Taxation Office and encourage them to use it to pay off their credit card debt. Prompts are provided by the bank’s AI-powered Customer Experience Engine (CEE), which is also used to prompt customers to use […]

Financial institutions

Treasury Department Report on 21st Century Financial Institutions

WASHINGTON (October 22, 2021) – Following a review of federal banking practices, the Financial Stability Oversight Council (FSOC) yesterday released its recommendations on how regulators can ensure the financial system is properly prepared for the impending onslaught of climate change impacts. The report, which was mandated by a May 2021 White House executive order, was […]

Financial institutions

Why the climate summit is important for financial institutions, regulators and risk managers

The United Nations Conference of the Parties on Climate Change (COP26) in Glasgow is fast approaching. Beginning in late October, the mega conference will host representatives from nearly 200 countries for two weeks, with a focus on reviewing the Paris Agreement and each country’s carbon reduction commitments. The Paris Agreement: where it all began In […]

Bank loans

Growing Risks of Bank Lending Amid Pandemic – Opinion

Harry Pattikawa (Jakarta Post) PREMIUM Rotterdam, Netherlands ● Thu 21 October 2021 Bank Indonesia (BI) and the Indonesian Financial Services Authority (OJK) have been actively working hand in hand to rescue the national economy from the health crisis caused by COVID-19. BI increased the Loan to Value Ratio (LTV) regulation from 80-90% to 100%. LTV […]

Bank loans

Bank loans to economic sectors increase by 58%

TEHRAN – Iran’s banking system has disbursed 12.41 quadrillion rials (over $295.49 billion) in facilities to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-September 22). ), registering an increase of 57.9% compared to the same period the previous year, the IRIB reported. According to data provided by […]

Bank loans

Industry share in bank lending to record 26%, data shows

The share of industrial credit in bank lending, after years of sluggish growth, fell to an all-time high of 26 percent in the first five months of FY22, from 26.6 percent in the FY21. At its peak in FY13, industrial credit accounted for almost 46 percent of loan disbursements. In comparison, personal loans, including home […]

Financial institutions

Time-varying tail dependency networks of financial institutions

Time-varying tail dependency networks of financial institutions – Journal of Risk The tail-dependent network among Chinese financial institutions and systemically important financial institutions is analyzed. Extreme dependence between financial institutions increases during financial crises. Securities firms play an important role in cross-industry transfer of tail risk. In this study, we characterize systemic risk by the […]

Debt finance

Hogan Lovells Adds to Wall Street Bench with Morgan Lewis, Debt Financing Partner

Hogan Lovells, a global firm with strong roots in Washington, DC, continued to deepen its Wall Street presence and transactional activities by bringing in debt finance specialist Matthew Schenecke as a new partner in New York. Schenecke comes from Morgan, Lewis & Bockius, where he has spent his entire career. At Hogan Lovells he will […]

Debt finance

FW Capital Debt Finance Reaches £20m Milestone in Liverpool City Area | Northwest Business News

Carole Bolland The economy of the Liverpool City area has been boosted by over £20m thanks to the impact of FW Capital and the Northern Powerhouse Investment Fund (NPIF). Of the funds, £12m was deployed directly by NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund […]

Financial institutions

Georgieva Row reveals a murky truth about global financial institutions

Allegations that the IMF chief manipulated a flagship World Bank ranking to boost China have thrown the organizations into turmoil – and revealed a murky truth about international financial institutions. Organizations like the World Bank and the IMF are member organizations with powerful grassroots shareholders, and therefore far from independent of geopolitics. The reports, forecasts […]

Financial institutions

Ransomware: US Financial Institutions Report Significant Increase in Payments to Cybercriminals

The data “indicates that ransomware poses a growing threat to the U.S. financial industry, businesses, and the public,” the report from the Treasury’s Financial Crimes Enforcement Network said.. The report comes as the Biden administration has sought several ways to cut off the revenue streams of Russian-speaking ransomware groups that have extorted millions of dollars […]

Financial institutions

Navigator Credit Union: Avoiding Scams Involving Financial Institutions | Dollars and senses

Studio10 continues to help you avoid scams. Sheamon McCants, regional branch administrator of Navigator Credit Union, joined Joe and Chelsey on Studio10 with advice. Financial institutions along the Gulf Coast are reporting an increase in identity theft scams. Caller ID spoofing occurs when a caller deliberately tampers with the information transmitted to your caller ID […]

Financial institutions

US Financial Institutions Report Significant Increase in Ransomware Payments to Cybercriminals

By Sean Lyngaas, CNN U.S. financial institutions reported nearly $600 million in suspected ransomware-related payments to cybercriminals in the first six months of 2021, more than were reported for all of 2020, the Department of Finance said Friday. Treasure in a report. The data “indicates that ransomware poses a growing threat to the U.S. financial […]

Bank loans

Marketing, marketing with bank loans

The RBI’s general guidelines for an active secondary market for bank loans aim to strengthen liquidity and risk management for banks, as well as transparency and availability of credit for borrowers. An active secondary market for corporate loans should promote an active corporate bond market and increase efficient and arm’s length financing. A loan assignment […]

Financial institutions

Square and PayPal are serious threats to community financial institutions

Square and PayPal are serious threats to community financial institutions Identify growth opportunities and inform strategies Through cleansed customer information and transaction data. learn more Build better relationships with Total Expert customer intelligence look how (sponsored content) Open Banking Explained: What, Why and How Open banking and open finance are becoming household names. But what […]

Personal loans

Best personal loans for veterans and military

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Are you looking for a personal loan […]

Financial institutions

How Financial Institutions Can Prepare for Advanced Cyber ​​Threats in 2022 and Beyond

Banks and other businesses in the financial services industry are prime targets for cyberattacks with the plethora of sensitive information contained in customer records, especially as more of the world has moved to online banking and alternative/contactless payment methods during the pandemic. Today, a new wave of integrated finance software, banking as a service (BaaS) […]

Financial institutions

Financial institutions urge public to act against new IRS proposal

stock picture The public is encouraged to contact lawmakers now MARSHFIELD, WI (OnFocus) – According to CUNA (Credit Union National Association), House Speaker Nancy Pelosi (D-Calif.) said Tuesday that expanding financial institution reporting requirements to the Internal Revenue Service (IRS ) would be included when the House considers its latest reconciliation bill. The proposal would […]

Bank loans

China Bank loans in September rise less than expected, broader credit growth slows

BEIJING: New bank lending in China accelerated in September from the previous month, but fell short of expectations as the central bank tried to support the sluggish economic recovery while keeping an eye on rising debt and bubble risks. The world’s second-largest economy has rebounded from the depths of the COVID-19 pandemic, but has shown […]

Financial institutions

China to investigate links between financial institutions, regulators and private companies, including Alibaba’s Ant

Chinese President Xi Jinping is focusing on the ties China’s state banks and other financial stalwarts have developed with big players in the private sector, expanding his efforts to curb capitalist forces in the economy. Mr Xi, who began his campaign late last year with a regulatory assault on private tech giants, is launching a […]

Personal loans

Personal loans for cash management

There has been a confluence of events to set the stage for the disintermediation of retail banking – and for the growth of lending facilitated by online platforms to continue. loan club Financial Health Officer Anuj Nayar said regulations have been updated, connectivity has improved and everyone has computing power on their desk or in […]

Personal loans

Are personal loans safe for retirees?

Image source: Getty Images Here’s what seniors need to know about taking out personal loans. It is an unfortunate fact that many older Americans find themselves strapped for cash during their senior years. Part of the problem is that many retirees don’t qualify for a pension (or at least not a hefty one) and have […]

Personal loans

Over 80% of millennials want personal loans to fund their education, IIM Kozhikode study finds – Edexlive

IIM Kozhikode | Photo: Express At least 81% of millennials (25-35) want to take out a personal loan in the near future for education, according to a nationwide survey by IIM Kozhikode’s Entrepreneurship and Innovation Cell (E-Cell) in collaboration with digital lending platform IndiaLends. The report, titled “Indian Borrowers’ Sentiment Report,” sampled 1,400 respondents from […]

Personal loans

SBI offers these benefits on auto, gold and personal loans with no processing fees – Details here

SBI loan offers: State Bank of India (SBI) is rolling out several offers for its customers due to the holiday season. The largest public sector lender in the country offers a number of benefits on car loan, gold loan and personal loan. Interested customers can log on to SBI’s official website at sbi.co.in for more […]

Financial institutions

RBI monitors financial institutions for any increase in stress

The Reserve Bank of India (RBI) is in regular contact with financial institutions to assess any buildup of stress whenever it is observed, Deputy Governor Mahesh Kumar Jain said in a post-political interaction with reporters. Jain was responding to a question on whether the RBI was comfortable with the quality of financial sector assets after […]

Financial institutions

[Webinar] ESG Risk Management and Compliance with Sustainability Requirements in Financial Institutions – October 21, 10:00 a.m. – 11:00 a.m. EDT | Mitratech Holdings, Inc.

October 21, 2021 10:00 a.m. – 11:00 a.m. EDT Engage in a valuable thought leadership discussion as speakers from the field of RegTech, sustainability and sustainable finance break down ESG sustainability requirements for financial institutions. To earn valuable information on the implementation of ESG risk management and reporting in your company. Explore the opportunities and […]

Debt finance

US company hires debt financing partner in Johannesburg

White & Case continued to grow its South African financial practice with the hiring of another partner… White & Case continued to grow its South African finance practice with another partner hire as it eyes disruption in the mining and aviation sectors. Johannesburg Debt Financing Partner Lindani Mthembu moved from Allen & Overy (A&O) to […]

Debt finance

Food Concepts Seeks Debt Financing for International Expansion

Nigerian fast food supplier Food Concepts plans to raise debt funding over the next six to 12 months for its international expansion, chief executive David Butler has told The Africa Report. The company, which currently has no debt, has entered into a “settlement agreement” with a bank [that] will handle fundraising, Butler says in Lagos. […]

Bank loans

Yes Bank loans and advances increase 3.6% YoY in Q2 FY22

Yes Bank said loans and advances (provisional) increased by 3.6% to Rs 172,945 crore as of September 30, 2021 from Rs 166,923 crore as of September 30, 2020. Private banking deposits increased by 30.1% year-on-year and 8.2% quarter-on-quarter to reach Rs 176,672 crore as of September 30, 2021. deposits (CD) totaled Rs 5,031 […]

Financial institutions

Major Quebec financial institutions sign a declaration on sustainable finance

The signatories agreed to strengthen the integration of ESG components into their internal operations, processes and practices, as well as their disclosure and transparency. The statement also committed to developing local expertise in sustainable finance and investing, including supporting locally developed sustainable finance products and services and promoting the growth of funds managed by locally […]

Personal loans

Why You Can’t Use Some Personal Loans to Pay Tuition

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We may receive a commission when you click on links to our affiliate partners’ products. A personal loan can be used to cover a variety of expenses, including an unexpected bill, vacation, or even home […]