IT lending

Banks beware, foreigners are cracking the finance code

Investments in integrated finance jump in 2021, data shows Buy now, pay later, offers take center stage Fintech market valuations overtake banks LONDON, September 17 (Reuters) – Anyone can be a banker these days, all you need is the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA …

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The situation of MSMEs

MICRO, Small and Medium Enterprises (MSMEs) are supposed to be the economic backbone of the Philippines. They make up 99.5% of the country’s business establishments, provide 63% of the jobs for the Filipino workforce, and contribute around 40% of the country’s gross domestic product (GDP). Yet they only receive a …

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Banks tighten lending to real estate businesses

The banking sector sharply reduced outstanding loans to real estate activities in the first half of 2021 and will maintain these limits in the second half. Many banks reduced outstanding loans for real estate activities in the first 6 months. (Photo cafef.vn) According to the audited semi-annual financial statements, many …

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EarlySalary Partners with HDB Financial Services for Digital Lending

MUMBAI: EarlySalary, a consumer lending platform for working professionals, announced on Wednesday that it has partnered with non-bank financier HDB Financial Services Ltd to fuel digital lending growth. The partnership aims to build momentum in the impact categories of skills upgrading, education loans and healthcare financing, he said, adding that …

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Beware of Abusive Lending Practices Lifestyles

Don’t take the bait when predatory lenders are trying to lure you in. Recognizing and avoiding these scams can save you many financial headaches in the future, including high debt, crumbling credit, and even the loss of your home. Predatory lending generally refers to lending practices that impose deceptive, unfair, …

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