Financial credit

Use digital technology to engage UC members

In-person branch transactions have plummeted in recent years, meaning credit unions that aren’t innovating have fewer opportunities to capitalize on their oldest strength: personalized service. In ‘Credit Union Tracker’, Elizabeth Kaspern of TruMark Financial Credit Union explains how the CU uses member surveys, partnerships with FinTech vendors and virtual onboarding services to help meet the […]

Credit risk

Global Environment Analyst | Global Environment Analyst

David Harper, financial trainer at Fitch Learning, explains the development of ESG in credit risk analysis and how Fitch integrates ESG into its decision-making Become a member of the Environment Analyst community and gain access to: 2 articles of your choice to read for free each month on our Environment Analyst Global […]

Credit risk

Top 6 Credit Risk Factors When Evaluating Banks Amid Market Volatility

Bank solvency over the past two years has been significantly affected by the effects of the coronavirus pandemic, oil price shocks, political unrest and increased market volatility. The magnitude varies by industry, geography and rating level. Emerging market banks are often more exposed than their developed market counterparts due to lower investor appetite and higher […]

Credit risk

BOI AXA at ​​Nippon India: Credit risk funds shine with returns of 17.4%

Over the past few months, several categories of debt funds have generated subdued returns due to soaring bond yields. Topicscredit risk fund | Japanese | BOI AXA MF Chirag Madia | Bombay Last Updated on Apr 28, 2022 01:05 IST Although most categories of debt funds have posted dismal returns over […]

Financial credit

TruMark Financial Credit Union Celebrates New West Chester Branch

which has the branch of mTruMark Financial Credit Union, 700 E. Market St. in West Chester. (PHOTO SUBMITTED) FORT WASHINGTON – TruMark Financial Credit Union celebrated its new branch at 700 East Market Street in West Chester on April 22 with a ribbon-cutting ceremony. The new branch moved from its previous location on Andrews Drive […]

Credit line

Udaancapital partners with Northern Arc to extend line of credit to over 50,000 Kirana stores

udaanCapital, the fintech arm of e-commerce company udaan, has partnered with debt financier Northern Arc Capital and says it has facilitated the disbursement of credit to more than 50,000 kirana stores and small retailers. The fintech player enables retailers to make purchases for their stores from a wide range of vendors on the udaan platform […]

Financial credit

TruMark Financial Credit Union Celebrates New West Chester Branch

which has the branch of mTruMark Financial Credit Union, 700 E. Market St. in West Chester. (PHOTO SUBMITTED) FORT WASHINGTON – TruMark Financial Credit Union celebrated its new branch at 700 East Market Street in West Chester on April 22 with a ribbon-cutting ceremony. The new branch moved from its previous location on Andrews Drive […]

Financial credit

TruMark Financial Credit Union Celebrates New West Chester Branch

FORT WASHINGTON – TruMark Financial Credit Union celebrated its new branch at 700 East Market Street in West Chester on April 22 with a ribbon-cutting ceremony. The new branch moved from its previous location on Andrews Drive in West Chester – and opened in May 2021. A TruMark spokeswoman said the credit union was waiting […]

Financial credit

TruMark Financial Credit Union Celebrates New West Chester Branch

FORT WASHINGTON – TruMark Financial Credit Union celebrated its new branch at 700 East Market Street in West Chester on April 22 with a ribbon-cutting ceremony. The new branch moved from its previous location on Andrews Drive in West Chester – and opened in May 2021. A TruMark spokeswoman said the credit union was waiting […]

Credit line

Airport Authority Gets Board Approval to Continue Accessing $1M Line of Credit

The organization needed a bridge loan extension as their lining contract was “significantly delayed” last year. The Moose Jaw Municipal Airport Authority has been granted permission to continue accessing its line of credit so it can complete its $3.2 million renovation project at the airport. At its regular meeting on April 25, city council voted […]

Credit line

India extends additional $500m line of credit to Sri Lanka for fuel purchase

India has agreed to extend an additional $500m line of credit to help Sri Lanka import fuel, Finance Minister Ali Sabry has said, amid delays in drawing up a bailout plan with the IMF to alleviate the severe financial crisis facing the island nation. Sri Lanka is struggling to pay for […]

Credit line

Sri Lanka: India grants an additional $500 million line of credit to Sri Lanka for the purchase of fuel

India has agreed to extend an additional $500m line of credit to help Sri Lanka import fuel, Finance Minister Ali Sabry has said, amid delays in drawing up a bailout plan with the IMF to alleviate the severe financial crisis facing the island nation. Sri Lanka is struggling to pay for its imports after its […]

Credit risk

Credit risk fund: BOI AXA Credit Risk Fund offers 150% return in one year

BOI AXA Credit Risk Fund, one of the worst defaulted programs of 2019, is suddenly at the top of the performance rankings. With returns of 149% in one year, the program is among the top performers in the area of ​​credit risk, followed by UTI Credit Risk Fund with returns of 22% in one year. […]

Credit risk

How AI-powered technology is transforming the credit risk process

Global data and intelligence solutions provider, Provenir, leads the market with its data insights innovation and technologies. The US-based software technology company, which supports the international fintech industry, ensures that the market is a global ecosystem of data and intelligence that makes access to data quick and easy. Now, Provenir has invited industry professionals to […]

Credit risk

Camino Financial Elects VP of Data Science and VP of Credit Risk/Portfolio Management

The forward-looking company attracts the best talents in the industry to achieve the goal of $1 billion life loans by 2023. LOS ANGELES, April 19, 2022 /PRNewswire/ — Financial Camino—an AI-powered community lending platform providing affordable credit and wealth-building solutions to overlooked entrepreneurs expands its leadership team, appointing Shaja Selvamani as Vice President of Data […]

Credit provider

BillEase secures $20 million from credit provider Lendable – Back End News

BillEase, a cardless buy now, pay later (BNPL) and consumer credit application in the Philippines, has closed a $20 million credit facility with Lendable, an emerging markets credit provider. The new funding comes on top of recent Series B equity funding of $11 million raised from BurdaPrincipal Investments, MDI Ventures and KB Investment, among others, […]

Credit line

Sri Lanka’s fragile health will be saved by India’s line of credit

Colombo– Suffering from an economic crisis with inflation and dried up foreign exchange reserves, Sri Lanka’s struggling healthcare with a major shortage of some of the most essential and life-saving medicines, India has once again come to the rescue of the island nation. The Sri Lankan government has admitted that orders for medicines and equipment […]

Credit line

SIERRA LEONE: Easy Solar obtains a $5 million line of credit for solar kits

Good news for Easy Solar. The company based in Freetown, the Sierra Leonean capital, obtains a credit line of 5 million dollars. The guarantee of funds in local currency (Leone) is provided by the Off-Grid Energy Access Fund (OGEF EIF) of the Energy Inclusion Facility. This loan fund primarily provides secured financing to support the […]

Financial credit

Jovia Financial Credit Union Becomes First Local Credit Union to Eliminate Overdraft and NSF Fees

Jovia Financial Credit Union Logo Addition of new CareFree Checking gives Jovia members a choice of chequing account programs WESTBURY, NEW YORK, USA, April 14, 2022 /EINPresswire.com/ — A landmark moment was announced as Jovia Financial Credit Union, one of Long Island’s largest and largest credit unions, today launched its new “Hassle-free verification” product that […]

Credit line

Sri Lanka’s fragile health will be saved by India’s line of credit

Suffering from an economic crisis with inflation and dried up foreign exchange reserves, Sri Lanka’s struggling healthcare with a major shortage of some of the most essential and life-saving medicines, India has once again come to the rescue of the island nation. The Sri Lankan government has admitted that orders for medicines and equipment could […]

Credit line

Sri Lanka seeks second $500m line of credit from India to buy oil

Sri Lanka is seeking a second US$500 million line of credit from India as an existing line of credit is nearing completion. Sri Lanka quickly exhausted an existing US$500 million line of credit signed by India in february and is now seeking to sign a second US$500 million line of credit with the New Delhi […]

Financial credit

Jovia Financial Credit Union Becomes First Local Credit Union to Eliminate Overdraft and NSF Fees

Addition of new CareFree Checking gives Jovia members a choice of chequing account programs WESTBURY, NY – April 13, 2022 – ( Newswire.com ) A defining moment was announced as Jovia Financial Credit Unionone of Long Island’s largest and largest credit unions, today launched its new “Hassle-free verificationproduct that has absolutely no overdraft fees and […]

Financial credit

Jovia Financial Credit Union becomes the first local credit

WESTBURY, NY, April 13, 2022 (GLOBE NEWSWIRE) — A milestone moment has been announced as Jovia Financial Credit Unionone of Long Island’s largest and largest credit unions, today launched its new “Hassle-free verificationproduct that has absolutely no overdraft fees and no insufficient funds (NSF) fees. Jovia becomes the first credit union in Long Island, New […]

Financial credit

Jovia Financial Credit Union Becomes First Local Credit Union to Eliminate Overdraft and NSF Fees

The addition of the new CareFree verification gives Jovia members a choice of Verification of account programs A defining moment was announced as Jovia Financial Credit Unionone of Long Island’s largest and largest credit unions, today launched its new “Hassle-free verificationproduct that has absolutely no overdraft fees and no insufficient funds (NSF) fees. Jovia becomes […]

Credit line

Nexo launches the first card backed by a crypto line of credit with Mastercard and DiPocket

VILNIUS, Lithuania–(BUSINESS WIRE)–Nexo, the leading regulated institution for digital assets, today officially launched the Nexo Card, the first-of-its-kind crypto Mastercard card, in select European markets. For the launch, Nexo is partnering with Mastercard and DiPocket, giving its users access to cryptocurrency-powered liquidity at over 92 million merchant sites globally. The Nexo Card is the world’s […]

Financial credit

Jovia Financial Credit Union Becomes First Local Credit Union to Eliminate Overdraft and NSF Fees

Addition of new CareFree Checking gives Jovia members a choice of chequing account programs Jovia Financial Credit Union Logo Jovia Financial Credit Union Logo WESTBURY, NY, April 13, 2022 (GLOBE NEWSWIRE) — A milestone moment has been announced as Jovia Financial Credit Unionone of Long Island’s largest and largest credit unions, today launched its new […]

Financial credit

Jovia Financial Credit Union Becomes First Local Credit Union to Eliminate Overdraft and NSF Fees

WESTBURY, NY–(BUSINESS WIRE)–A landmark moment was announced as Jovia Financial Credit Unionone of Long Island’s largest and largest credit unions, today launched its new “Hassle-free verification” product that has absolutely no overdraft fees and no insufficient funds (NSF) fees. Jovia becomes the first credit union in Long Island, New York, to shift its policy toward […]

Credit line

Nubank secures $650m line of credit to boost international growth

Brazilian digital bank Nubank secured a $650 million line of credit to accelerate its growth in Mexico and Colombia. NuBank secures $650 million line of credit The funds come from a three-year local currency line of credit funded by multinational financial services giants Morgan Stanley, Citi, Goldman Sachs and HSBC. These institutions also acted as […]

Credit risk

Yabx Leverages Mobile Money Data to Assess Credit Risk in Africa

Financial institutions in Africa have historically relied on credit bureau scores, or customer financial footprints, to make lending decisions. In the absence of these, social demographics – such as gender, employment status, income level, etc. – are taken into account before granting loans. One of the main drawbacks of these conventional lending methods is that […]

Credit line

Fintech Nubank Secures $650M Line of Credit for Mexico and Colombia Expansion

Breadcrumb Links PMN technology PMN Company Author of the article: Reuters Garrison Cassandra Content of the article MEXICO CITY — Brazil’s Nubank, Latin America’s most valuable fintech, is fueling its expansion in Mexico and Colombia with the investment of a $650 million line of credit, the digital bank announced Monday. The new funds are a […]

Credit risk

DataPro, partner of a European company, launches a credit risk management tool

Nigerian technology-focused credit rating agency, DataPro, has partnered with ModeFinance, Europe’s leading fintech rating agency. The credit risk management tool is said to help businesses navigate the complex terrain of today’s credit risk management and speed up the process of making related information available to businesses. Speaking at a press conference to announce the launch […]

Credit risk

Debt funds: Should we bet on credit risk funds?

The search for higher yield in an environment of low interest rates, attractive spreads after the Franklin Templeton episode and abundant systemic liquidity led individuals to invest in credit risk funds. After Franklin Templeton shut down six debt programs investing in low credit rated papers and heavy redemption pressure in April 2020 and concerns over […]

Financial credit

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

MORTON GROVE — Members and staff of the Partnership Financial Credit Union raised $9,750 and collected truckloads of supplies for the Ukrainian effort. All seven PFCU offices contributed to the collection, which ran from March 7 to 18, the credit union said. “Thank you to all of our generous members and employees who have donated […]

Credit line

Arf launches stablecoin-based transactional working capital line of credit for ESMs worldwide

Traditionally, when a money services business (MSB) wants to send money from one country to another, it has to pre-fund the same amount in the receiving country, resulting in tied capital, high opportunity cost and operational inefficiencies. Moreover, since cross-border transactions are often considered risky, access to credit has always been a major problem for […]

Credit risk

Leverage innovation to bring newfound speed and accuracy to credit risk modeling

The results of the global survey reveal great uncertainty in the modeling of credit risk,highlighting the need for AI, machine learning and alternative data By Kim Miner, Senior Vice President, Global Marketing at Arise from With all the disruption caused by COVID-19 over the past two years, how robust are credit risk models? This was […]

Credit risk

Already have a credit risk score – how about adding a health risk score?

ARLINGTON, Va. — All patients should have a “health risk score” that tracks them over time, Peter Orszag, CEO of financial consulting at Lazard, New York, said at Health Datapalooza’s meeting. Academy Health here. “We all have a credit risk score which is assessed by these three different [credit] agencies,” Orszag said in a remote […]

Credit counseling

Not all debt is terrible: 3 Reasons to Get an installment loan is a brilliant idea

Does debt have to be an asset? In many instances, the borrowing of money is seen as something that should be avoided. If you take out acfa / Title Loans, it is necessary to pay interest, which is a high cost. Additionally, you’re committing future earnings to make payments that will limit your flexibility in […]

Credit risk

Job: Senior Credit Risk Analyst at MKOBO Microfinance Bank

MKOBO Microfinance Bank Limited is a fully licensed MFB by the Central Bank of Nigeria (CBN). MKOBO was designed to help solve consumers’ need for access to short-term emergency credit. Our goal is to provide access to short term, easily accessible unsecured loans. We cater to demographics currently underserved by commercial banks in our aim […]

Credit provider

RCS Group acquires online credit provider Mobicred in South Africa

Young South Africans are the fastest growing group of online shoppers in the country and it is imperative to provide this group of digital natives with access to credit.As part of its push for financial inclusion in Southern Africa, RCS, the consumer credit arm of global bank BNP Paribas, has announced its acquisition of South […]

Credit provider

RCS Group acquires online credit provider Mobicred

RCS CEO Regan Adams. Online financial service provider RCS group acquired an online credit provider Mobicredas it seeks to provide online shoppers with a wider range of credit-based offers. Founded in 1999, RCS is the consumer finance arm of global bank BNP Paribas, specializing in offering financial services and products to customers in association with […]

Credit provider

Minister Nzimande ends administration of Coastal TVET College

The Minister of Education, Science and Innovation, Dr Blade Nzimande, has reached a mutual agreement with Coastal TVET College Administrator, Ndoda Biyela, to end the period of administration of by the end of August 2022. The Department of Further Education and Training said it had begun the process of appointing a permanent college principal to […]

Credit risk

Fundamentals of Credit Risk Disclosure and Reporting

Columnists Fundamentals of Credit Risk Disclosure and Reporting Monday 04 April 2022 By Akinyemi AwodumilaMore from this author Summary Under IFRS, the expected credit loss method is used to determine estimates of credit losses arising from the risk of credit default. From a stakeholder perspective, credit risk information is critical to understanding an organization’s financial […]

Credit line

Sri Lanka Receives Another Diesel Shipment Under Indian Line of Credit

A consignment of 40,000 metric tons of diesel purchased as part of Indian aid through a $500 million line of credit arrived in Sri Lanka today (April 2). The diesel cargo was ceremonially handed over by Indian High Commissioner Gopal Baglay to Energy Minister Gamini Lokuge in Colombo. This is the fourth shipment of fuel […]