Loan

Standard Chartered Introduces Eco-friendly Bonded Bulk Trading Loans
Lending & Investment Standard Chartered Introduces Eco-friendly Bonded Bulk Trading Loans

Standard Chartered has recently made significant strides in sustainable finance by launching new variants of their Bonded Bulk Trading Loans (BBTL). This initiative marks a pivotal moment in the bank's efforts to incorporate environmental, social, and governance (ESG) criteria into their trade

October 22, 2024
Seven Bank Enhances Loan Screening with 7iD Purchase Data and AI Techniques
Lending & Investment Seven Bank Enhances Loan Screening with 7iD Purchase Data and AI Techniques

In a groundbreaking move to upgrade its credit screening processes, Seven Bank has implemented a time-limited initiative utilizing “7iD” purchase data for personal loan services. This innovation began on October 16, 2024, marking a promising shift towards a more comprehensive and inclusive credit ev

October 16, 2024
How Will Best Egg's $500M Facility Transform Personal Loan Market?
Lending & Investment How Will Best Egg's $500M Facility Transform Personal Loan Market?

Best Egg, a US-based consumer financial technology platform renowned for its innovation in personal loans, has recently secured a substantial $500 million purchase facility. With backing from Fortress Investment Group and Edge Focus, this strategic investment is poised to revolutionize the personal

October 15, 2024
SoFi and Fortress Partner in $2B Deal to Boost Loan Platform Expansion
Lending & Investment SoFi and Fortress Partner in $2B Deal to Boost Loan Platform Expansion

The recent collaboration between SoFi, a prominent US consumer financial technology company, and Fortress Investment Group, a global investment manager, has taken the fintech industry by storm. Announced on October 15, 2024, this $2 billion agreement aims at significantly enhancing SoFi's loan

October 15, 2024
Vervent Unveils Secure eVault Solution for Loan Document Management
Lending & Investment Vervent Unveils Secure eVault Solution for Loan Document Management

Vervent, a prominent name in the fintech industry, has introduced its groundbreaking eVault solution aimed at transforming the management of loan documents. This innovative platform is poised to provide an unprecedented level of security, authenticity, and enforceability for loan documents

October 9, 2024
How Does Tech Integration Boost Fraud Prevention in Lending?
Lending & Investment How Does Tech Integration Boost Fraud Prevention in Lending?

The evolution of technology has significantly impacted various sectors, and the financial industry is no exception. One area that has seen notable improvements due to tech integration is fraud prevention in lending. This article explores how advancements in technology have bolstered fraud

October 3, 2024
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