UAE, Saudi banks expect increase in loan demand in 2020
Dubai Expo 2020, banks’ regional expansion and slowdown in property market are contributing factors to rising credit...
Tag : credit
Dollar dips on trade optimism as US-China talks are awaited
The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in US-China trade tensions...
FinTech Australia calls for comprehensive credit reporting legislation to progress
"It is time for all relevant stakeholders to double down and secure passage of this important legislation,” said CEO Brad Kitschke...
Bank of England’s MPC votes to increase interest rates
This marks the second time the interest rate have been raised in the last decade...
The rise and rise of contactless payments
September 2017 marked the tenth anniversary since the introduction of contactless payments to the British market...
AFEX partners with TradeRiver
AFEX API automates payments & foreign exchange services within the TradeRiver trade credit platform...
Divisa Capital raises $100 million of new funds
It will be used for expansion and increase of interbank credit lines...
Carlyle to become largest shareholder in Global Credit Ratings
The transaction with the South African company is expected to close in early 2017 January 19, 2017: Global alternative asset manager The Carlyle Group (NASDAQ: CG) announced on January 16 that it has agreed to acquire a significant stake in Africa’s largest credit rating agency Global Credit Ratings (GCR) from the management, founders and German...
Access to credit for ‘unscoreable’ consumers and entrepreneurs
New agreement between FICO and EFL can help millions of consumers in emerging markets October 26, 2016: As part of its FICO Financial Inclusion Initiative, analytic software firm FICO has announced a strategic partnership with EFL Global to expand credit scoring options for lenders and consumers in markets outside the US. FICO will offer EFL’s...
‘Bill for Turkey coup attempt is $100 billion’
Minister says rebels made Turkey look like a Third World country IFM Correspondent August 3, 2016: The bid to overthrow the government of President Recep Tayyip Erdogan proved very costly for Turkey. According to Bulent Tufenkci, customs and trade minister, the attempt came at of cost of $100 billion (300 billion liras) to the economy....