Tag Archives: financial services

How a stray sighting on a subway train inspired two Princeton grads to start a women’s fintech business

study at IIT Roorkee and pursuing her bachelor’s and master’s degrees in technology at a time when women weren’t allowed to dream of a life beyond domestic life At Poshak Agrawal mother the greatest inspiration he could have asked for in his life. His mother’s daring educational feat opened his …

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Zest AI Releases New Race Prediction Model to Reduce Systemic Bias in Lending

LOS ANGELES, March 1, 2022 /PRNewswire/ — Zest AI, a leader in AI-powered lending software, today announced the launch of Zest Race Predictor (ZRP). This open source machine learning algorithm estimates an individual’s race/ethnicity using only their full name and home address as inputs. The ZRP can be used to …

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Embedded Finance Fuels a $25 Billion Bank-as-a-Service (BaaS) Opportunity

A billboard for the Apple Credit Card. Photographer: David Paul Morris/Bloomberg © 2022 Bloomberg Finance L.P. FINTECH SNARK TANK COMMENTS Ask five people in the banking industry what “banking as a service” (BaaS) is, and you’ll probably get five different answers, which isn’t as bad as if they all said …

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Alternative data jobs in finance are going crazy

Not too long ago, a fund that found an original data source could use it to generate alpha for a period of time. Not anymore. The new complaint from data science professionals in the hedge fund industry is that the alpha-generating lifespan of data sources is shrinking. – Funds that …

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P2P lending can help diversify investments

Bhavin Patel is co-founder and CEO of LenDenClub. The economic downturn of 2007-2008 served as a reminder of the long-standing monopoly of traditional lenders. Since the catastrophic collapse of Lehman Brothers in 2008, plausible alternatives to conventional credit intermediaries have emerged, and one such digital lending method is Peer-to-Peer (P2P) …

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The Evolution of P2P Lending in India: Regulation Before and After

The world has witnessed the emergence of several technologies over the years that have successfully challenged accepted norms. At the turn of the century, a fusion of finance and technology led to the fintech revolution. It has changed the way we manage our finances and do banking, challenging the traditional …

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bonds: credit spreads for lower-rated cos up; higher rates could affect retail stock flows: Nomura

NEW DELHI – Favorable liquidity conditions in the banking system amid the Covid-19 pandemic benefited highly rated corporate borrowers, but credit spreads between benchmark yields and lower rated borrowers continued to increase throughout 2021, Nomura wrote. “As the budget deficit widened during the pandemic in 2021, most large companies benefited …

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Why small business loan approval rates are climbing at a snail’s pace

Although the approval percentages of banks and non-bank lenders (institutional lenders, alternative lenders and others) have risen steadily over the past 12 months, the rebound in small business lending is far from robust. Bank vault. (Photo by Dick Whittington Studio/Corbis via Getty Images) Corbis via Getty Images According to the …

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The 10 Best Reverse Mortgage Daily Stories of 2021

2021 has now passed, and with it another atypical year for the reverse mortgage industry, the United States, and the rest of the world. While 2020 was understandably dominated by the onset of the COVID-19 coronavirus pandemic and the company’s adjustment to it, there were also notable national events that …

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shrewd: Hawkish Fed, worsening pandemic sends D-St bulls underground; Sensex down 621 pts

NEW DELHI: The benchmarks halted their winning four-day run on Thursday after hawkish tones from the US Federal Reserve deflated the enthusiasm of stock market bulls. Higher yields did not help morale either. Index heavyweights were among the biggest casualties of the day. Investors expect the Reserve Bank of India …

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Lucid: Bank of America “Preferred Lending Partner”

Bank of America will serve as “Preferred Lending Partner” for Lucid Motors, the automaker announced on Monday. Lucid did not go into details of the structure of the relationship with Bank of America, simply claiming that buyers could apply for loans through the bank itself or work with Lucid’s sales …

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Athene and Apollo acquire majority stake in $ 1 billion listed lending platform Aqua

Financial services firm Athene has acquired a controlling stake in a fund-backed consumer lending platform managed by leading investment firm Blackstone. Aqua Finance’s subsequent assessment sees it hit the billion dollar mark. Apollo estimates an annual execution rate of $ 80 billion of asset origination on its platforms, which cover …

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Experts ask for more loans for SMEs | The Guardian Nigeria News

To boost economic activities in the country and improve the living standards of citizens, financial experts urged the federal government to introduce policies that would allow small businesses to have increased access to loans. The experts, who run a digital bank, Branch, said the government needs to demystify the idea …

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Liberty Union Mortgage Team Helps Homebuyers Bid Up

NORTH ARLINGTON, NJ, Nov. 20, 2021 (GLOBE NEWSWIRE) – The United States is temporarily emerging from the worst of the coronavirus pandemic, and the real estate market has not been this hot in decades. That’s why a mortgage lender urges buyers to act quickly and get offers accepted to beat …

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Glenhawk hires trio as he heads to £ 500million loan target

The bridge lender has appointed Jeremy Russ as Compliance Officer, Roxana Tsirikhova as Financial Planning and Analysis Officer and Imogen Pearce as Financial Accountant. He secured a £ 200million credit facility from US investment bank JP Morgan in March and said “the trio of appointments will significantly strengthen Glenhawk’s increasingly …

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Effi joins forces with the SME loan comparator

The mortgage brokerage platform has partnered with a business loan comparison site to allow professional clients of the site looking for housing to connect with a broker. Effi (short for efficiency) announced a partnership with business loan comparison site ebroker.com.au, which would allow ebroker to match its website visitors with …

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Core10 acquires Accrue to advance lending tools

Launch of FinTech solutions Core10 acquires a financial analysis company Accumulation technologies bring new configurable lending and banking applications to community banks and credit unions, according to a Press release Wednesday (October 6). As a combined entity, the company will deliver scalable FinTech tools that will bring user-friendly digital banking …

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The complex art of restructuring

Somchai: positive on partnerships Large companies are becoming service providers, abandoning their traditional businesses by relying on digital technology and strong partners to forge a competitive advantage in the hope of becoming major regional players. In the latest transformation case, Siam Commercial Bank (SCB) recently announced a restructuring to achieve …

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5 Ways To Handle Volatile Crypto Markets With DeFi

Opinions expressed by Contractor the contributors are theirs. Decentralized Funding (DeFi) solutions have grown in popularity in recent years, offering traders high rewards despite the volatility of the cryptocurrency market and low returns in traditional markets. DeFi applications work with functions similar to those of existing traditional financial services. However, …

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Yellen warns Congress debt limit must be increased by October 18

Treasury Secretary Janet L. Yellen on Tuesday warned lawmakers that the United States would face dire consequences if Congress fails to quickly increase or suspend the legal debt limit, saying inaction could lead to a self-inflicted economic recession and financial crisis. At a Senate Banking Committee hearing where she testified …

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BharatPe appoints Nehul Malhotra as head of consumer loans

MUMBAI: BharatPe on Thursday appointed Nehul Malhotra as the head of its consumer loans division and said he will work closely with Managing Director Suhail Sameer to develop consumer-focused lending products at BharatPe. Malhotra’s appointment is the fifth high-level appointment for BharatPe in 2021. He is a seasoned leader with …

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Zest AI Doubles Credit Union Market for AI Underwriting

LOS ANGELES, September 22, 2021 / PRNewswire / – Zest AI, a leader in AI-powered underwriting software, today announced a series of measures that underscore its commitment to the credit union industry. Zest has received registered status as a Credit Union Service Organization or CUSO; received an equity investment from …

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IT Spending in Financial Services Market Size 2021 and Forecast to 2028

Sample download request Request a discount Company Profile New Jersey, United States, – The IT Spending in Financial Services market report provides information on the market size, share, trends, growth, cost structure, competitive landscape in the global market, market drivers, challenges and 2026 opportunities, capacity, revenue, and forecast. This report …

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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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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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Rocket Mortgage enters the solar industry

Rocket companies, parent of Rocket mortgage, has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. According to the Detroit-based company, it will leverage the same technology, data and customer experience used in mortgage, real estate and personal lending …

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Klarna and other loan apps can fuck you

Whether you use Klarna all the time or have barely heard of it, it’s time to start paying attention: the buy now, pay later app has just become the largest private fintech company in Europe. Klarna completed a new fundraising, valuing it at 46 billion dollars. It’s four times what …

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Banks are waiting for a catalyst: loan growth

Illustration by Ben Mounsey-Wood Text size Loan growth has been difficult for banks to achieve, but it could be the catalyst for their next surge. Banks were one of the hottest sectors in 2021, with the SPDR S&P Bank exchange-traded fund (ticker: KBE) up 31.7% year-to-date. The gain, 20 percentage …

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Volta Finance Limited – Change of management

Volta Finance Limit (VTA / VTAS) Change of direction NOT FOR DISTRIBUTION, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN THE UNITED STATES OR THE UNITED STATES Guernsey, 17 May 2021 The Board of Directors of Volta Finance Limited is pleased to announce the appointment of Dagmar Kent Kershaw …

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How AI is Shaping the Microcredit Industry

Read the article By Sucheta Mahapatra Sucheta Mahapatra – India MD, Branch Personal Finance Application Since microfinance entered the scene decades ago, it has continued to transform the lives of economically backward people around the world. Microcredit has helped lift millions of people out of the clutches of poverty. He …

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Comprehensive Report on IT Spending in Cold Chain Logistics Market 2021 | Trends, growth demand, opportunities and forecast till 2027

Get a sample report Buy the full report IT spending in the cold chain logistics market Research is an intelligence report with meticulous efforts undertaken to study accurate and valuable information. The data that was examined takes into account both existing top players and future competitors. The business strategies of …

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scholarship winner comes home to lead | 2021-01-28

Kelli Holloway was waiting for her scholarship from Foundation of the State Employees Credit Union (SECU), Raleigh, NC, to pursue a career as a lawyer. Instead, it led to her becoming vice president of membership education and outreach with $ 46 billion in assets. SECU. Holloway’s path curved back to …

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