Financial institutions

FinCEN urges vigilance of financial institutions in anticipation of Russian sanctions evasion attempt | Troutman pepper

Following significant sanctions and other restrictions imposed by the United States and its global allies following the Russian Federation’s invasion of Ukraine, the Financial Crimes Enforcement Network (FinCEN) has issued an alert (FinCEN Alert) on March 7, advising financial institutions how to identify and report potential attempts to evade sanctions. The FinCEN Alert provides a […]

Financial institutions

FinCEN urges vigilance from financial institutions ahead of Russian sanctions evasion attempt

Following significant sanctions and other restrictions imposed by the United States and its global allies following the Russian Federation’s invasion of Ukraine, the Financial Crimes Enforcement Network (FinCEN) has issued an alert (FinCEN Alert) on March 7, advising financial institutions how to identify and report potential attempts to evade sanctions. The FinCEN Alert provides a […]

Financial institutions

FG closes illegal online financial institutions and freezes company accounts

On Friday March 11, the federal government raided and shut down the operations of some illegal online banks. The Federal Competition Consumer Protection Commission (FCCPC), in conjunction with the Independent Corrupt Practices and Other Related Offenses Commission (ICPC), the National Information Technology Development Agency and the Nigerian Police, raided offices of financial institutions operating on […]

Financial institutions

FinCEN warns financial institutions against evading Russian sanctions | Item

The Financial Crimes Enforcement Network (FinCEN) released guidance on Monday outlining the types of red flags banks should proactively look for. Although the agency has yet to find widespread circumvention of sanctions, it warned financial institutions to remain vigilant. Besides Russia, the country of Belarus and some of its political leaders have been hit with […]

Bank loans

China aims to increase big bank lending to small businesses by more than 40% in 2022

BEIJING/SHANGHAI, March 5 (Reuters) – China is aiming to increase small business lending by major commercial banks by more than 40% this year, Premier Li Keqiang said at the annual parliament meeting on Saturday. The government will urge financial institutions to further cut lending rates, reduce fees and promote medium- and long-term lending to the […]

Bank loans

UAE EXCLUSIVE Mashreqbank suspends Russian bank lending due to credit issues – sources

A view of the downtown skyline is seen from the Museum of the Future in Dubai, United Arab Emirates, February 23, 2022. REUTERS/Christopher Pike/File Photo Join now for FREE unlimited access to Reuters.com Register DUBAI, March 2 (Reuters) – Dubai’s Mashreqbank (MASB.DU) has stopped lending to Russian banks and is reviewing its current exposure to […]

Financial institutions

Visa and Mastercard block Russian financial institutions after sanctions

This image shows a person’s hands holding cash and Visa and Mastercard. On February 24, the United States announced that it was imposing sanctions on major Russian banks, including Sberbank and VTB, in response to the special military operation in Ukraine. Sanctioned banks will not be able to reissue Visa and Mastercard cards after the […]

Financial institutions

Ukraine crisis: Mastercard blocks several financial institutions for sanctions against Russia – News

Russians rushed to ATMs and waited in long lines on Sunday, fearing bank cards might stop working. Reuters By Reuters Published: Tue, March 1, 2022, 9:22 AM Last update: Tue, March 1, 2022, 9:28 AM Mastercard Inc said late Monday it blocked several financial institutions from its payment network following sanctions imposed on Russia following […]

Financial institutions

How Financial Institutions Can Overcome Onboarding Barriers to Deliver a Connected Experience

Some banks and insurers are investing billions of dollars to become digital disruptors, and the stakes couldn’t be higher. The 2022 Connectivity Benchmark Report shows that they could lose an average of $7.6 million each due to failed initiatives, which is significantly higher than the average for all industries. This is partly because customer expectations […]

Bank loans

Bank lending to the private sector reaches N35.7 billion

Bank loans to the private sector increase by 16.67% By Jeph Ajobaju, Editor-in-Chief Banks extended N35.73 trillion in loans to the private sector in 2021, an increase of N5.1 trillion or 16.67% year-on-year (YoY), according to the latest data from the Central Bank of Nigeria (CBN). Credit to the private sector increased by N5.6 trillion […]

Bank loans

2022 budget speech: EFF wants ANC to reject World Bank loans, protests ensue

Enoch Godongwana, Minister of Finance, delivered the annual budget address in Cape Town The EFF demonstrated outside the venue of the speech to show their opposition to the World Bank loan that Godongwana recently secured for South Africa. The EFF said Godongwana should focus on direct investment from foreign investors instead of relying on big […]

Bank loans

IMF and World Bank loans will trap South Africa in debt cycle: EFF – SABC News

The Economic Freedom Fighters (EFF) are calling on the government to avoid seeking loans from international financial institutions such as the International Monetary Fund (IMF) and the World Bank. EFF supporters have gathered outside the Cape Town campus of the Cape Peninsula University of Technology, from where they are marching towards Parliament to demonstrate against […]

Bank loans

Bank lending to private sector increases by 5.1 trillion naira to reach 36.7 trillion naira – CBN report

Posted February 17, 2022 Between January and December 2021, Nigerian banking sector credit to the private sector increased by N5.1 billion or 16.67%, according to data obtained from the Central Bank of Nigeria. This was in the money and credit statistics released by the regulator. The report showed credit to the private sector stood at […]

Bank loans

Tax-exempt loans to governments and non-profit organizations; Bank loans and direct purchases of municipal securities | Orrick, Herrington & Sutcliffe LLP

Commercial banks and other financial institutions (“lender” or “lenders”) have historically provided financing to government entities and non-profit organizations on a tax-exempt basis through loans and direct purchases of securities municipal. The purchase of municipal securities by a lender is generally referred to as a direct purchase or direct placement. Because bank loans to government […]

Bank loans

Tax-exempt loans to governments and non-profit organizations; Bank loans and direct purchases of municipal securities

Amanda Stephens Public Finance, Banking & Finance Partner Houston Amanda Stephens focuses her practice on public finance, where she advises on bonds, advises on disclosure, advises underwriters, advises issuers and advises banks on a wide range of taxable and tax-exempt transactions, including education, non-profit corporations and health care. Amanda has advised over $2 billion in […]

Financial institutions

AI is powering the future of financial institutions

Artificial intelligence is poised to change the future of almost every industry. It augments decision-making processes, facilitates error-free back-end processes, enables fraud identification, offers an effective marketing tool, increases turnaround times, and improves customer services. Historically, banking, finance, and insurance companies have been leaders in adopting technological advancements, and AI is no exception. Financial institutions […]

Financial institutions

The Digital Transformation of Financial Institutions – Tearsheet

The wake of the pandemic has brought many challenges, such as a rapidly increasing reliance on digital solutions up front, and closed branches, unprepared call centers and overwhelmed lenders dealing with PPP loans in the back. More importantly, it presented financial institutions with a timely opportunity: a call for innovation. According to a late 2020 […]

Bank loans

Struggling NBFIs make Tk 1000cr bank loans sour

Twenty-five banks are suffering from a collective loan default of Tk 974.4 crore after several non-banking financial institutions (NBFIs) failed to repay the funds despite falling due, in another sign of weakness in the financial sector. The fragility of the NBFI sector came to the fore three or four years ago after it emerged that […]

Financial institutions

Man on trial accused of stealing 27 million euros from financial institutions

A man has been tried for stealing 27 million euros from several financial institutions. Michael Lynn (53) faces 21 charges relating to the alleged theft of money from seven banks between 2005 and 2007, a Dublin Circuit Criminal Court jury heard on Monday. The financial institutions involved are Ulster Bank, Bank of Ireland Mortgages Bank […]

Financial institutions

Why Financial Institutions Need Next-Era Technology to Meet…

As financial services continue to meet the needs of highly digitized consumers, operational resilience is a top priority for regulators around the world. The Covid-19 pandemic has reinforced regulators’ aim to ensure that banks are able to continue to provide products and services to their customers in the event of disruption. Assessing vital business functions, […]

Financial institutions

Subaio Chooses Public Banking Company Aiia to Automate Creditworthiness for Financial Institutions

Today, Subaio has chosen European open banking leader Aiia, a Mastercard company, to enable a smarter way to assess creditworthiness with Subaio’s new white label offering. With access to open banking, the solution will help financial institutions, banks, leasing companies and others automatically assess consumer creditworthiness. The traditional credit scoring industry has been associated with […]

Financial institutions

How to File a Complaint Against a Bank, Financial Institutions and Your Rights as a Bank Customer in Nigeria

January 28, 2022 Where is this photo from? @cenbank/CBN Twitter The Central Bank of Nigeria does not issue guidelines on how Nigerians can file complaints against financial institutions that the supreme bank regulates. For the inside statement dem drop for dia Twitter handle, CBN says kontri pipo did file any complaints against commercial banks, microfinance […]

Financial institutions

TAG Financial Institutions Group Announces Promotion of Katherine Derrenberger, Hiring of Rachel Wender and Appointment of Raymond Neff | State

NEW YORK, January 27, 2022 /PRNewswire/ — In a series of measures to support its growth initiatives, TAG Financial Institutions Group, LLC has promoted Catherine Derrenberger to the director, hired Rachel Wender as Managing Director and appointed Ray Neff to its advisory board of its newly created subsidiary, TAG Capital Solutions Group, LLC. Catherine Derrenberger […]

Financial institutions

Financial institutions Horizons 2022 | Hogan Lovells

At our recent global conference that we hosted in partnership with Global Digital Finance, our keynote speaker suggested that the top three drivers for regulators and decision makers in financial institutions for the next few years would be ESG; restoring and building resilience to the COVID-19 pandemic; and digitization. I wholeheartedly agree and these themes […]

Bank loans

Legal pot growers still can’t get bank loans

COLUMBUS, Ohio (WCMH) — A study of legal marijuana growers shows banks are still hesitant to take their deposits or lend them money. A team of researchers from Ohio State University and the University of California, Davis, looked at how banks and marijuana growers still don’t interact. “It’s clear that we need policies that make […]

Financial institutions

Authorities Consider Banning Anti-Fossil Energy Financial Institutions | News, Sports, Jobs

Steven Allen Adams SWORN — State Treasurer Riley Moore is sworn in ahead of his testimony Tuesday before the Senate Energy, Industry and Mines Committee. CHARLESTON — On the heels of the state’s top banker taking action against an investment group deriving funding from fossil fuel industries, a legislative committee has […]

Financial institutions

The shares of financial institutions inc. are approaching the 52-week high

Shares of Financial Institutions Inc. (FISI) closed today 0.6% below their 52-week high of $33.78, giving the company a market capitalization of $531 million. The stock is currently up 5.6% year-to-date, 41.2% over the past 12 months and 21.2% over the past five years. This week, the Dow Jones Industrial Average fell 0.9% and the […]

Financial institutions

The Changing Role of Banks and Financial Institutions Influences the Role of Women in the Credit Landscape

A study undertaken by TransUnion CIBIL found that the number of Indian women who regularly monitor their CIBIL score increased by an impressive 62 percent. Additionally, the study also showed that women enjoyed an average CIBIL score of 734, which is higher than the average male CIBIL score of 726 in the country. At the […]

Financial institutions

Banks and financial institutions struggle to cope with rising incidents of fraud: Deloitte survey

In the wake of COVID-19 and new digital operations, banking and financial institutions are struggling to cope with an increasing number of fraud incidents and the trend is expected to continue, according to a Deloitte India survey on Monday. The main reasons identified for the increase in fraud incidents over the next two years include […]

Financial institutions

Central Bank Guidelines to UAE Financial Institutions

The Central Bank of the United Arab Emirates (“CBUAE”) has issued new guidelines (the “Guidelines”) for financial institutions in the United Arab Emirates providing services to cash-intensive businesses. The specific characteristics of cash – anonymity, interchangeability and transportability – make it an attractive medium for illicit actors seeking to conceal the proceeds of crime or […]

Financial institutions

Are your finances safe? Let’s do a security check of financial institutions and DeFi platforms like Nimbus

You change your passwords every month, check your credit score regularly, and make sure you only visit reputable business and financial sites. What could go wrong with your financials and assets? All.Financial institutions spend an average of 10% of their IT budget on cybersecurity, or about $2,300 per employee per year. If you do the […]

Financial institutions

Financial institutions invited to hold special meetings on irregularities

Bangladesh Bank has requested all non-banking financial institutions, also known as FIs, to hold special meetings on reported irregularities on a regular basis, so that all board members of the respective institutions remain well-informed about the issues. The Financial Institutions Inspection Department of the central bank monitors the activities of these institutions and regularly reports […]

Financial institutions

The hypocrisy of American financial institutions vis-à-vis China

OPINION: One of the latest trends on the left is the “environmental, social and governance” or ESG movement, in which big business and financial institutions promise to be environmentally friendly, diverse, inclusive and otherwise, while remaining focused on money. In reality, ESG, especially from the investor side, looks more like window dressing and an exercise […]

Financial institutions

Eltropy adds more than 150 new financial institutions in 2021

Enables financial institutions to digitize faster in the face of Covid challenges MILPITAS, Calif., January 14, 2022 /PRNewswire/ — Eltropy, an award-winning compliant and secure digital communications platform for financial institutions, is celebrating the addition of over 150 new financial institutions in 2021. 2021 PR Recap Header Image Eltropy enables financial institutions to digitize faster […]

Financial institutions

Financial institutions are not using technology enough to fight fraud | News

WASHINGTON, January 13, 2022 /PRNewswire/ — Despite a market saturated with advanced technology tools, many financial institutions struggle to effectively deploy and integrate anti-fraud solutions into their risk mitigation frameworks. As a result, new, evolving, or unforeseen threats continue to pose risks to financial institutions of all sizes. These are the findings of an in-depth […]

Financial institutions

OFAC Settlement with Airbnb Payments Highlights Risks for Corporations, Financial Institutions Doing Business in Cuba and Other U.S. Sanctioned Jurisdictions Finance & Banking

OFAC settlement with Airbnb Payments highlights risks for companies and financial institutions doing business in US-sanctioned jurisdictions On January 3, 2022, the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement with Airbnb Payments, Inc. (Airbnb Payments), a registered money services business and wholly owned subsidiary of ‘Airbnb, Inc. (Airbnb). […]

Financial institutions

sanctions for global financial institutions halved in 2021

Friday 07 January 2022 06:00 UBS has been fined $2 billion by a Paris court, the biggest penalty imposed on a global financial institution in 2021 (Photo by Cate Gillon/Getty Images) The value of sanctions imposed on global financial institutions fell 49% in 2021 as pandemic-related restrictions thwarted investigations. Global financial institutions were hit with […]

Financial institutions

Over $5 billion in fines imposed on financial institutions worldwide

Financial institutions were fined a combined $5.4bn (€4.7bn) last year, with Irish stockbroker Davy among those fined. New figures from Irish fintech Fenergo show enforcement actions totaled $5.4 billion for failing to comply with anti-money laundering (AML) and data privacy regulations. This is almost half of the $10.6 billion taken a year earlier, although it […]

Financial institutions

BofA Appoints Managing Director in Financial Institutions of the Americas Investment Banking Unit | Investment News

(Reuters) – Bank of America Corp on Wednesday named Alice Wong as managing director of its Americas Financial Institutions Investment Banking unit, according to an internal memo seen by Reuters. Wong’s appointment is the newest addition in recent months to women in key leadership roles at major Wall Street banks. Bank of America promoted three […]

Financial institutions

Mosaic Insurance introduces head of global financial institutions

Dilley boasts more than 16 years of experience in the global financial institutions market and brings a wealth of established broker and client relationships. Prior to joining the company, he oversaw the UK FI sphere at Berkshire Hathaway Specialty Insurance. Dilley also spent 12 years with ACE, now known as Chubb, overseeing the insurer’s FI […]

Financial institutions

Mosaic Hires BHSI’s Dilley to Lead Financial Institutions; BMS Re Appoints Guy Carpenter’s Gomez as Executive Vice President, Latin America and Caribbean

This edition of International People Moves details appointments at Mosaic Insurance and BMS Re. A summary of these new recruits follows here. BHSI Dilley to Lread Ffinancial Iinstitutions at Mosaic Insurance Specialized underwriter Tom Dilley joined Mosaic Insurance to lead the company’s global financial institutions division. Tom Dilley Based in London, Dilley was appointed SVP, […]

Financial institutions

The most popular strategy followed by financial institutions – NMP

Digitization has quickly become one of the main strategies pursued by financial institutions to improve basic processing skills, acquire deeper business knowledge and improve customer services. Digitization of loan services is especially beneficial to lenders and borrowers in the form of convenient loan applications and disbursement processes. Digital lending services also enable financial institutions to […]

Financial institutions

Notice to financial institutions: increase in the amount of the wage exemption for restriction notices and direct debits as of December 31, 2021 – Emploi et RH

United States: Notice to financial institutions: increase in the amount of the wage exemption for restriction notices and direct debits as of December 31, 2021 December 31, 2021 Cullen and Dykman To print this article, simply register or connect to Mondaq.com. Under New York’s Exempt Income Protection Act (“EIPA”), certain funds in deposit accounts are […]

Financial institutions

What makes financial institutions (FISI) ideal for “trend investments”

While “the trend is your friend” when it comes to investing or trading in the short term, when to enter the trend is a key determinant of success. And increase the chances of success by making sure that the sustainability of a trend is not easy. The trend is often reversed before exiting the trade […]

Financial institutions

Banking and financial institutions disbursed $44.9 billion in loans, an increase of 23%

The National Bank of Cambodia (NBC) said that by the end of the third quarter of 2021, banking and financial institutions had extended loans totaling 185.1 trillion riels, or about $44.9 billion, to agriculture. , construction, manufacturing, services, wholesale and retail trade and households. . This represents an increase of 23% compared to the same […]

Financial institutions

Why Financial Institutions Need to Address Digital Identity in 2022

According to UK Finance, there was an 84% increase in “identity theft scams” at the start of the pandemic as fraudsters looked for ways to capitalize on COVID-19. With our financial lives now heavily online, accelerated by the pandemic and the closure of 100 bank branches each month across the UK, financial organizations are under […]

Financial institutions

The Center fills vacancies on the boards of PSOs, insurers and financial institutions

The Center has taken a long-awaited milestone towards filling vacancies on the boards of various Public Sector Banks (PSBs), Insurers and Financial Institutions (FIs), with the appointment of 25 Unofficial Directors to part-time (non-executive directors). The Cabinet Nominations Committee has approved the appointments of these directors for a three-year term, sources said. This ends long-standing […]

Bank loans

Delhi. Man detained for taking out bank loans using false papers | Delhi News

NEW DELHI: The Economic Crimes Wing of the Delhi Police has arrested a suspected con man who along with his associates tricked banks and other financial institutions into availing loans using false papers and already mortgaged properties. The accused was identified as Maheshwar Sharma, a resident of Kotla Mubarakpur area. The cops are looking for […]

Financial institutions

Sense of a pinch: How recent appeal rulings add to the regulatory burden on financial institutions

In quieter years, banks come under scrutiny from a multitude of regulators with overlapping mandates. After the presidential elections in the United States, all industries are bracing for a shift in priorities. But few expected the seismic upheaval promised in 2021 by the Biden administration, its Justice Department and other parts of the federal government. […]

Financial institutions

PCAF and CDC collaborate to help financial institutions measure and disclose their emissions

The Partnership for Carbon Accounting Financials (PCAF) and global non-profit environmental disclosure platform CDP today announce a collaboration to strengthen the ability of financial institutions to measure and report their funded emissions using the standard. PCAF Global GHG Accounting and Reporting Standard for the Financial Industry. This partnership will allow PCAF and CDP to combine […]

Financial institutions

Will telecommunications operators one day replace banks as financial institutions?

Sponsored by: Skaleet December 16, 2021 • • The rise of telecom operator-led mobile money services across Africa has blurred the lines between the types of businesses that can offer financial services. While banks were previously the sole depositories for most financial transactions, a wide range of non-traditional players – including fintechs and neobanks – […]

Financial institutions

ConsenSys and Mastercard Partner to Deliver Scalability to Financial Institutions

Thursday, December 16, 2021 6:04 PM ConsenSys, the global blockchain software company, today announced the launch of ConsenSys Rollups in collaboration with Mastercard. The partnership will enable enterprise-grade blockchain scalability for leading financial institutions and help expand use cases for CBDCs, decentralized exchanges, micropayments, and private transfers/taxes. Project creativity on Ethereum is exploding in areas […]

Financial institutions

Glia and Clinc partner to transform the customer experience of financial institutions | State

NEW YORK, December 9, 2021 /PRNewswire/ — Glia, a leading provider of Digital customer service, today announced its partnership with Clinc, a leader in conversational artificial intelligence technology for banking. Integrating Clinc’s technology into Glia’s digital customer service platform will enable financial institutions to modernize customer interactions for the digital world. Clinc integrates the virtual […]

Financial institutions

cryptocurrency: Visa launches crypto advisory service for financial institutions, traders

Visa Inc, the world’s largest payment processor, on Wednesday launched a global crypto advisory service for clients such as banks and merchants as digital currency adoption gains momentum. Visa’s move comes against the backdrop of unprecedented investor demand for crypto services, and the company’s latest offering is aimed at financial institutions keen to attract or […]

Financial institutions

Visa Launches Crypto Advisory Service for Financial Institutions and Merchants | Investment News

(Reuters) – Visa Inc, the world’s largest payment processor, on Wednesday launched a global crypto advisory service for its banking customers and merchants as the adoption of digital currencies gains momentum. The move is aimed at financial institutions looking to attract or retain customers with crypto offerings, retailers looking to delve into non-fungible tokens (NFTs), […]

Financial institutions

Visa launches crypto advisory service for financial institutions and merchants

Visa Inc, the world’s largest payment processor, on Wednesday launched a global crypto advisory service for clients including banks and also merchants as the adoption of digital currencies gains momentum. Visa’s move comes amid unprecedented investor demand for crypto services and the company’s latest offering is aimed at financial institutions looking to attract or retain […]

Financial institutions

Mosaic uses a senior underwriter for financial institutions

Mosaic Insurance announced the appointment of Womba Muzeya as Vice President and Senior Underwriter for Financial Institutions. Muzeya (pictured above) will join the company’s London team and report to Global Head of Financial Institutions Division Chris Brown. In her new role, Muzeya will underwrite a wide range of hedges from financial institutions, from small fund […]

Financial institutions

Mosaic engages a primary underwriter for financial institutions

Mosaic Insurance has announced the appointment of Womba Muzeya as Vice President and Senior Underwriter for Financial Institutions. Muzeya (pictured above) will join the firm’s London team and report to the global head of the financial institutions division, Chris Brown. In his new role, Muzeya will underwrite a wide range of financial institution cover, from […]

Financial institutions

FNZ to Acquire Appway to Accelerate Digital Transformation of Financial Institutions and Open Wealth Together

– The acquisition will accelerate the deployment of customized proposals at scale across the financial services industry, enabling up to 90% faster customer onboarding. – Appway’s award-winning low-code and no-code workflow automation solution will expand FNZ’s position as the industry’s leading global wealth management platform and continue its investment in next-generation technology. – FNZ is […]

Bank loans

Defaulters thrive on bank loans but don’t want to repay

Thanks to bank loans, they kept getting stronger – their businesses grew and they bought land, apartments, SUVs and so on. Yet these willful defaulters are unwilling to repay their debts. Banks have resorted to the courts to recover their money, but lengthy legal proceedings hampered and hampered their efforts, allowing defaulters to lounge around. […]

Financial institutions

Authorities warn of senders appearing to be from financial institutions

BOISE, Idaho (KIFI) – Patricia Perkins, Director of the Idaho Department of Finance, warns consumers to take a close look at incoming mail which may appear to be correspondence from their financial institution, but which are actually advertisements from third parties or even scams. The Department has observed a substantial increase in consumer complaints about […]

Financial institutions

How Financial Institutions Can Stop Account Takeover Attacks

Financial institutions (FIs) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover fraud (ATO) is one of the leading causes of fraud-related losses for banks and financial institutions. An account takeover occurs when a customer’s bank account is digitally “hacked” and exploited by an attacker. The methods and […]

Financial institutions

FINCEN seeks the assistance of financial institutions in the fight against environmental crimes – Criminal law

United States: FINCEN seeks the assistance of financial institutions in the fight against environmental crimes To print this article, all you need to do is be registered or log in to Mondaq.com. On November 18, 2021, the Financial Crimes Enforcement Network (FinCEN) issued an advisory “to draw attention to an […]

Financial institutions

Financial institutions buy riskier assets due to moral hazard, says Bank of Canada

Canadian financial institutions increasingly view the financial system as risk-free. That could be a risk in itself. The Bank of Canada (BoC) completed its biannual Financial System Survey (FSS) this week. He found that institutions buy “riskier” assets to compensate for low interest rates. Risk managers consider the risk to be low, believing that the […]

Personal loans

Which personal loan stock is a better buy?

Shares of personal loan companies SoFi (SOFI) and Upstart (UPST) have posted impressive gains in 2021. Today, I’m going to take a look to see the major business segments of the companies and analyze what is the best investment at current valuations. shutterstock.com – StockNews Fintech companies have been on an absolute tear since the […]

Financial institutions

Non-practicing entities increasingly target banks and financial institutions in patent litigation – Intellectual Property

United States: Non-practicing entities increasingly target banks and financial institutions in patent litigation November 11, 2021 Thompson Coburn LLP To print this article, all you need to do is be registered or log in to Mondaq.com. While banks and financial institutions have long been the subject of patent lawsuits, they have been increasingly targeted this […]

Financial institutions

54% of financial institutions are looking to launch instant approvals for loans

According to a new study, more than half of financial firms plan to roll out “instant loan approval” within the next two years. The findings feature in a new report commissioned by digital identity technology provider GBG, which saw research group IDC investigate. 1,502 Australian consumers and 300 financial institutions (FIs) and professional services firms […]

Bank loans

China Oct, new bank loans fall less than expected, mortgages rise

BEIJING: New bank lending to China fell sharply in October compared to the previous month, but not as bad as expected by analysts who expect the central bank to cautiously ease monetary policy amid the risks of stagflation. Data released by the People’s Bank of China on Wednesday showed that banks made new loans of […]

Financial institutions

Financial institutions managing $130,000,000,000 in assets subscribe to the scientific net-zero standard

Financial institutions representing a combined $130 billion asset management portfolio have signed an ambitious plan that envisions “reaching a state of net zero” by 2050 using a standard of “science-based targets developed by the eponymous Science Based Target (SBTi) initiative. Focus: get the information you need with the Recharge diary The global energy transition is […]

Bank loans

China October New bank loans fall less than expected, mortgages rise | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China fell sharply in October from the previous month, but not as badly as analysts expected, expecting the central bank to cautiously ease monetary policy amid the risks. of stagflation. Data released by the People’s Bank of China on Wednesday showed banks […]

Bank loans

China’s new October bank loans are expected to halve from the previous month – Reuters poll

BEIJING: New bank lending to China is expected to have plunged in October from the previous month, but yuan lending is expected to be higher than a year earlier, a Reuters poll showed, as the central bank wary of the policy easing amid stagflation concerns. . It is estimated that Chinese banks issued 800 billion […]

Financial institutions

Global registry launched to help financial institutions find fintech companies to work with

SINGAPORE — Financial institutions (FIs) will soon find it easier to find fintech companies to work with, thanks to a global fintech registry set to go live next month. The ChekFIN platform aims to help FIs identify and evaluate fintech companies for collaboration and development opportunities, the Asean Financial Innovation Network (Afin) said. “Financial institutions […]

Financial institutions

Lake Trust Credit Union and Other Financial Institutions Enter Michigan’s Cannabis Banking Market

When the cannabis industry was launched in Michigan, conflicting federal and state laws prevented most banks and credit unions from participating in the burgeoning industry. That left a lot of dealing in cash. Medical marijuana and the New Generation Meds adult cultivation facility in Lansing are among the cannabis operations that have been able to […]

Financial institutions

SRM Announces Cryptocurrency Advisory for Financial Institutions

MEMPHIS, Tenn.–(BUSINESS WIRE)–SRM (Strategic Resource Management), an independent advisory firm serving financial institutions in the United States and Europe, has announced its new cryptocurrency advisory offering. This addition to the company’s advisory services will provide cryptocurrency education, support product development and vendor selection for financial institutions integrating these technologies, and provide advice on key compliance […]

Financial institutions

By helping banks and financial institutions break free from legacy limitations, FLOXX raises $8.5 million – Tech.eu

Bucharest-based fintech FLOXX has raised $8.5 million in a seed funding round. The enterprise-grade platform helps banks and financial institutions with complex IT infrastructures create digital experiences that neo-banks have championed for years, experiences that consumers increasingly expect. The seed funding will be used to expand operations across Europe and the United States, including through […]

Bank loans

China’s October new bank loans expected to be halved from previous month – Reuters poll | Investment News

BEIJING (Reuters) – New bank lending in China is expected to have plunged in October from the previous month, but yuan lending is expected to be higher than a year earlier, according to a Reuters poll, as the central bank wary of policy easing amid stagflation concerns. Chinese banks are estimated to have issued 800 […]

Bank loans

Ant Group Begins to Differentiate Jiebei Consumer Lending Business from Bank Lending | Investment News

BEIJING (Reuters) – China’s Ant Group said on Monday it was working to “differentiate” part of its Jiebei short-term consumer lending business as it pursues a Beijing-led restructuring aimed at curbing some of its freewheeling activities. Ant, the financial arm of e-commerce giant Alibaba Group, had its $37 billion IPO derailed by regulators last year […]

Bank loans

China’s October new bank loans expected to halve from previous month

U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are pictured at a branch of a foreign bank in Beijing January 4, 2016. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register New loans in October at 800 billion yuan against 1.66 trln yuan in September Money supply growth in October at 8.3% […]

Bank loans

Ant Group begins to differentiate Jiebei consumer lending business from bank lending

BEIJING (Reuters) – China’s Ant Group said on Monday it was working to “differentiate” part of its Jiebei short-term consumer lending business as it pursues a Beijing-led restructuring aimed at curbing some of its freewheeling activities. Ant, the financial arm of e-commerce giant Alibaba Group, had its $37 billion IPO derailed by regulators last year […]

Financial institutions

FTC finalizes safeguard rules for non-bank financial institutions – Finance et Banque

United States: FTC finalizes safeguard rules for non-bank financial institutions 06 November 2021 Sheppard Mullin Richter & Hampton To print this article, all you need to do is be registered or log in to Mondaq.com. On October 27, the FTC announced a final rule changing standards for protecting customer information, […]