Absa Bank Kenya to roll out 60 tech projects for Sh1.6 bn
The 60 new technology projects will be aimed at improving customer experiences...
Tag : lending
UK banks stall lending in commercial real estate
Rising fears in default payments have forced the banks to take a step back in their loan provisions...
Okolea International restructures loans for 40,000 clients
Clients can receive up to Sh1 mn loans instantly into their banks accounts using the app...
GoBear acquires AsiaKredit to increase credit access in Southeast Asia
GoBear will introduce lending as a service to partners and enable them to offer loans to underserved consumers in the region...
UK banks expect rise in demand for credit card borrowing
The Bank of England predicts credit card borrowing by households will increase by 14.3 percent over next three month...
China’s big banks benefit from better margins as slowdown looms
The country’s biggest banks posted stable earnings growth in the second quarter, boosted by tighter liquidity even as the broader sector struggled with government policies...
Fear of bankruptcy hangs over Pakistan on its independence day
The State Bank of Pakistan has only about $10 bn of foreign exchange reserves left...
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...
Redwood submits banking licence application
Initially, focus will be on UK SMEs in Hertfordshire, Bedfordshire and Buckinghamshire October 17, 2016: Acorn Financial Partners (AFP), a new venture founded and led by Jonathan Rowland, announced that it has submitted a banking licence application to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). On authorisation AFP will be called...
SMEs: The double-edged sword of disintermediation
Fragmentation of SME credit markets requires business owners to be more knowledgeable Charles Thorburn February 3, 2015: Financial markets have gone through a roller coaster in the past eight years, and whether it’s been bank bailouts, sovereign debt crises or LIBOR fixing scandals, the world of finance has been a large part of the news...