Credit risk

Enact Mortgage secures $325 million credit risk transfer

Enact Holdings announced that its flagship legal entity, Enact Mortgage Insurance Corporation, has secured approximately $325 million in additional excess of loss (XOL) reinsurance coverage. This Credit Risk Transfer (CRT) transaction covers a portfolio of existing mortgage insurance policies underwritten from July 1, 2021 to December 31, 2021 and becomes effective March 1, 2022. This […]

Credit provider

RCSI-Acquisition of online credit provider, Mobicred. – SENSES

RCSI-Acquisition of Online Credit Provider, Mobicred. BNP Paribas Personal Finance South Africa Limited(Incorporated in the Republic of South Africa)(Registration No. 2000/017884/06)Company code: RCSI(“BNPP PF South Africa” or “RCS”) Acquisition of online credit provider, Mobicred In alignment with its drive towards digital transformation and e-commerce expansion in SouthernAfrica, RCS group announces its acquisition of SA’s leading […]

Credit line

Emergency Line of Credit Guarantee Scheme: Aviation, Hospitality to Earn from MSME Credit Extension

The government said on Wednesday it had widened the scope of its flagship guaranteed loan program and extended its validity by one year until March 2023, in line with budget announcements. The Ministry of Finance has also extended relief under the Rs 5 trillion Emergency Line of Credit Guarantee (ECLGS) scheme to hospitality, civil aviation […]

Financial credit

Partnership Financial Credit Union raises $9,750 and supplies for Ukraine

We are grateful for sincere contributions and for our thoughtful members and staff. It was a great community effort. — Mary Ann Pusateri, CEO of PFCU MORTON GROVE, IL, USA, March 30, 2022 /EINPresswire.com/ — Members and staff of the Partnership Financial Credit Union (PFCU) raised $9,750 and collected truckloads of supplies for the Ukrainian […]

Financial credit

David Long Jr., Rams, UNIFY Financial Credit Union and City Year Los Angeles team up for beautification project to inspire students at Woodworth-Monroe Academy in Inglewood

In partnership with UNIFY Financial Credit Union and City Year Los Angeles (CYLA)the Los Angeles Rams conducted a school beautification project at Woodworth-Monroe K-8 Academy in the Inglewood Unified School District. “Community members who share our love for Inglewood Unified and the LA area make a big difference to the children who come through our […]

Credit risk

Bank of China to tighten credit risk control as bad debt reserve grows slower

Bank of China Ltd. said it would double credit risk control in 2022 after its bad debt buffer grew at the slowest rate in at least four years. The country’s fourth-largest bank by assets earmarked 390.54 billion yuan in loan loss provisions in 2021, up 5.9 percent from a year earlier, according to the bank’s […]

Credit line

EBID secures $100m line of credit from India’s Exim Bank to help private sector transformation

The President and Chairman of the Board of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Nana Donkor, and Mr. Subhasis Dhal, Managing Director of India Exim Bank, London, signed a line historic commercial credit agreement for an amount of 100 million dollars in the London office of India Exim Bank. The […]

Credit line

ECOWAS Bank for Investment and Development Secures $100 Million Line of Credit for Private Sector Transformation

Sierra Leone Telegraph: March 28, 2022: Dr. George Agyekum Nana DONKOR, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID) – (Photo)and Mr. Subhasis Dhal, Managing Director of India Exim Bank, on Thursday, March 24, 2022, signed a landmark commercial line of credit agreement in the amount […]

Credit risk

Gartner: New Credit Risk Management Criteria

An amazing attribute of Gartner’s business model is the opportunity to speak with so many financial services leaders about their top priorities. From these recent interactions, we detected that financial services executives are now rethinking an activity that is fundamental to their success and existence as a […]

Credit line

SL oppn says ruling party is misusing India’s credit line to win polls

Colombo, March 27 (IANS): The Sri Lankan opposition and media report on Sunday alleged that the government was abusing the billion dollar short-term concessional loan facility offered by India to import food, medicine and other essential products to help party supporters win future elections. National media has reported that the credit facility provided by […]

Credit risk

Credit Risk Management Platform Market Industry Analysis 2022, by Top Key Players, Types, Applications and Forecast to 2030 – Instant Interview

The Credit Risk Management Platform Market report is a perfect basis for people who are looking for a comprehensive study and analysis of the Credit Risk Management Platform Market. This report contains a diverse study and insights that will help you understand your niche and focus major market channels in the regional and global Credit […]

Credit line

Small businesses benefited from an emergency line of credit guarantee program. Learn more about it here.

Collateral-free loans were provided to small businesses under an emergency line of credit guarantee program According to official data, as many as 117.87 lakh businesses have received 100% guaranteed unsecured loans under the Emergency Credit Line Guarantee Scheme (ECLGS) till March 11, 2022. Among them- here, around 95% were micro, small and medium-sized enterprises (MSMEs). […]

Credit line

Parliament approves €20m loan to finance green credit line

Parliamentarians in cabinet (file photo) Parliament has approved a €20 million loan agreement between the Government of Ghana and the German Development Bank Group, Frankfurt am Main, to finance the green credit line. The facility, which falls under the reform and investment partnership between the governments of Ghana and Germany, is expected to help reduce […]

Credit line

Sri Lanka in talks with China for $2.5 billion line of credit and loan

COLOMBO (Reuters) – China is considering offering a $1.5 billion credit facility to Sri Lanka and a decision is expected soon, a senior Chinese official said on Monday, as part of efforts to help the nation island in the midst of its worst economic crisis in decades. Chinese Ambassador to Sri Lanka Qi Zhenhong told […]

Credit line

Indian line of credit lifeline; 40,000 tonnes of diesel ready for distribution by Monday – The Island

Former Governor of CBSL, Dr. Coomaraswamy: “My generation has let the country down…” By Shmaindra Ferdinando Former Central Bank Governor Dr Indrajit Coomaraswamy said the failure of successive governments to manage spending since the country’s independence has caused the current economic instability. Sri Lanka has been plagued by a toxic combination of populist politics and […]

Credit risk

Credit Risk Scoring Software Market to Witness Huge Growth by 2030 | IBM, Oracle, SAP – The Saber

JCMR has recently announced a Credit Risk Scoring Software Market study that covers an all-encompassing in-depth study including additional study on the market situation impacted by COVID-19 in the Global Credit Risk Scoring Software Market credit. The research article titled Global Credit Risk Rating Software Market provides valuable analysis and strategic assessment including generic market […]

Financial credit

Dort Financial Credit Union Announces Retirement of President and CEO Vicki Hawkins

By ohtadmin | to March 17, 2022 Vicki Hawkin GREAT WHITE — After 36 years of dedication to the members and employees of Dort Financial Credit Union, Vicki Hawkins, President and CEO, will retire on March 18. Hawkins’ career at Dort Financial began in 1986 when she joined the credit union as an […]

Financial credit

Dort Financial Credit Union Announces Retirement of President and CEO Vicki Hawkins

By ohtadmin | to March 17, 2022 Vicki Hawkin GREAT WHITE — After 36 years of dedication to the members and employees of Dort Financial Credit Union, Vicki Hawkins, President and CEO, will retire on March 18. Hawkins’ career at Dort Financial began in 1986 when she joined the credit union as an […]

Credit risk

Credit Risk Management Platform Market to Witness Huge Growth by 2028 | IBM, Oracle, SAP – The Bite

Latest JCMR research study including most recent “Q1-2021” Global Credit Risk Management Platform Market by Manufacturers, Regions, Type and Application, Forecast to 2021-2029. The research report on Credit Risk Management Platform presents a comprehensive assessment of the market and contains the future trend, current growth factors, attentive opinions, facts, historical data and market data supported […]

Credit line

Investors support the new DeFi protocol

Finance on blockchains is constantly being refined, with the aim of really taking on the banks. Prime Protocol, a decentralized prime broker that will work on multiple blockchains at once, raised $2.75 million in a round co-led by Arrington, Jump, and Framework, with participation from multiple angels. why is it important: As crypto-powered credit services […]

Credit line

HSBC issues line of credit for ACEN wind farm

The Philippines branch of Hongkong and Shanghai Banking Corp. ltd. (HSBC Philippines) has issued its first sustainable commercial letter of credit (LC) to support the completion of AC Energy Corp’s 160 megawatt (MW) Pagudpud wind turbine. (ACEN) Cultivate. Melina C. Concha, head of wholesale banking at HSBC in the Philippines, said the […]

Credit line

Sri Lanka to sign $1 billion line of credit with India to help pay for major imports

Sri Lanka’s finance minister will travel to New Delhi on Tuesday to sign a billion dollar line of credit to pay for essential imports of food and medicine, an official said on Monday, as the island nation grapples with its worst financial crisis in years. The island’s foreign exchange reserves have fallen 70% over the […]

Credit risk

Insight Credit Risk Management Software Market Future Trends Update, Scope, Key Players 2016 To 2028

the Credit Risk Management Software Market The report covers the entire global market scenario including key players, their future campaigns, preferred vendors, market shares along with historical data and price analysis. It continues to offer key details on changing dynamics to generate market improving factors. Its objective is to rationalize the company’s costs. You can […]

Credit line

Reserve Bank of India issues notification to operationalize USD 500m conditional line of credit

COLOMBO (News 1st); The Reserve Bank of India (RBI) on March 10 issued a notification to operationalize the $500 million line of credit provided by India to Sri Lanka for the purchase of petroleum products, economic times reports. The Export-Import Bank of India (Exim Bank) concluded a pact with Sri Lanka on February 2 to […]

Credit line

Reserve Bank of India issues notification regarding $500m line of credit for Sri Lanka

The Reserve Bank of India (RBI) on Thursday issued a notification to initiate the $500 million line of credit provided by India to Sri Lanka, to finance the purchase of petroleum products. On February 2, the Export-Import Bank of India (Exim Bank) entered into an agreement with the Sri Lankan government to provide a USD […]

Financial credit

Tropical Financial Credit Union accepting scholarship applications from local students • Coral Springs Talk

2019 Tropical Financial Credit Union Scholarship Recipients. 2020 and 2021 were awarded online. By Sharon Aron Baron For the 10th year, Tropical Financial Credit Union is awarding scholarships to local students totaling $10,000. A non-profit financial institution, Tropical accepts applications for its annual scholarship program. This year, there are three scholarships: one grand prize of […]

Credit line

Lanka set to finalize another line of credit for essential items with India

Colombo, March 9 (PTI) Sri Lanka is set to finalize another credit facility with India for food, medicine and other essentials that would help the island nation cope with the worst economic crisis for decades, official sources said on Wednesday. Sri Lanka is currently reeling from a severe currency crisis with declining reserves. The country […]

Credit risk

Pax8 Hints It Will Help Microsoft Manage NCE Credit Risk

Pax8 is looking at ways to help partners manage credit risk as they grapple with new subscription terms offered through Microsoft’s New Commerce Experience (NCE). “At Pax8, the role we have to play in this space is really to make sure that we partner with you, to guide you through this process and to offer […]

Financial credit

Robins Financial Credit Union acquires Persons Banking Company

Robins Financial Credit Union signed a definitive agreement to acquire people banking companya state chartered bank headquartered in Forsyth, GA. “Robins Financial has a long history of improving the financial well-being of our members and the community,” said Christina O’Brien, President and CEO of Robins Financial Credit Union. “We have a strategic commitment to bring […]

Credit line

Amazon Seller Working Capital Loans – Launched Low Approval Line of Credit in 48 Hours

Trusted commercial lender Sellers Funding has expanded its low-interest loan services to provide working capital and daily advance loans to Amazon, Shopify, Walmart and other e-commerce vendors and vendors. Aldie, United States – March 5, 2022 — SellersFunding now offers business loans and low-APR lines of credit to help Amazon Shopify, Walmart, and other e-commerce […]

Credit risk

Fannie Mae transfers $771 million in credit risk to private insurers

The deal transferred millions of dollars of credit risk to a group of 22 private insurers and reinsurers. This credit risk is tied to a benchmark pool of $26.1 billion of single-family mortgages. “This transfer of credit risk…increased the role of private capital by transferring $770.7 million of mortgage credit risk to private insurers and […]

Credit line

Zero Interest Line of Credit for Small Businesses Launch of Best Term Loans / Merchant Services

Prestige Business Financial Services LLC, contacted at 1-800-622-0453, has expanded its services to businesses of all sizes and now offers over 30 different financing and passive income programs. Honolulu, United States – March 4, 2022 — With the recent expansion, Prestige Business Financial Services offers comprehensive financing solutions, combining business and personal financing with wealth […]

Credit risk

Nigerian rating agency partners with European fintech to revolutionize credit risk

DATAPRO, a technology-driven Nigerian Credit Rating Agency (CRA), is using an out-of-the-box approach and disruptive app to collaborate with Modefinance, the first fintech agency in Europe. The collaboration focuses on revolutionizing and modernizing the credit risk analysis and management industry in the country with “Tigran”, a rating product as a service (RAAS). Head of Product […]

Credit risk

KeyBank Joins Credit Risk Navigator, AFS/RMA’s Next-Generation Commercial Credit Risk Benchmarking Service | News

EXTON, Pa.–(BUSINESS WIRE)–March 3, 2022– Automated Financial Systems, Inc. (AFS®), a leading provider of software solutions and services to financial institutions, and The Risk Management Association (RMA), which advances enterprise-wide risk management company through education, products and community, today announced that KeyBank (NYSE: KEY) has become the latest institution to join the RMA Credit Risk […]

Credit line

£50m line of credit increase for lender

SME funder Reward Finance Group has received a £50m boost to its credit line from alternative investment manager Foresight Group. Reward says he is now looking to double the size of his business over the next three years, aided by his regional expansion program and the launch of more financing products. The new facility brings […]

Financial credit

Robins Financial Credit Union plans to buy personal banking company

Source: Gajus/Shutterstock. The $3.8 billion Robins Financial Credit Union in Warner Robins, Georgia, announced Monday that it has signed a definitive agreement to buy the $429 million Persons Banking Company in Forsyth, Georgia. Financial terms for the second purchase this year by the credit union and the bank were not disclosed. Person Banking Company’s 73 […]

Financial credit

Partnership Financial Credit Union awards $33,000 in scholarships

MORTON GROVE, IL, USA, March 1, 2022 /EINPresswire.com/ — Partnership Financial Credit Union (PFCU) awards $33,000 in stock Exchange funds up to $3,000 per beneficiary. The 2022 PFCU Rising Star Scholarship Program is now accepting applications from high school seniors who meet the criteria. Recipients can use their scholarships at an accredited college, university, vocational […]

Financial credit

Robins Financial Credit Union Announces Agreement to Acquire Persons Banking Company | Business

WARNER ROBINS, Ga.–(BUSINESS WIRE)–March 1, 2022– Robins Financial Credit Union today announced that it has entered into a definitive agreement to acquire Persons Banking Company, a state-chartered bank headquartered in Forsyth, Georgia. Robins Financial was established in 1954 and has enjoyed steady growth and stability over the years, making it a mainstay in the Middle […]

Credit risk

Key Credit Risk Database Market Trends and Areas of Opportunity – Business Ethics

“Get a sample report Survey before purchase Order the report now Overview of the Credit Risk Database Market This has led to several changes in This report also covers the impact of COVID-19 on the global market. The rising technology in Credit Risk Database Market is also described in this research report. The factors which […]

Financial credit

Robins Financial Credit Union Announces Agreement to Acquire Persons Banking Company

WARNER ROBINS, Ga.–(BUSINESS WIRE)–Robins Financial Credit Union today announced that it has entered into a definitive agreement to acquire Persons Banking Company, a state-chartered bank headquartered in Forsyth, Georgia. Robins Financial was established in 1954 and has enjoyed steady growth and stability over the years, making it a mainstay in the Middle Georgia community. As […]

Credit provider

The largest trimerge credit provider has a new name: Xactus

When UniversalCIS and Credit Plus merged last October to create the nation’s largest trimerge credit reporting providerexecutives of the combined company said a new brand would arrive in early 2022. The new name, Xactuscomes with a tagline, “Advancing the Modern Mortgage”. They chose the root word, exact, because “our business is about precision, data and […]