Swedbank acquires PayEx

Swedbank AB, a Nordic-Baltic banking group based in Stockholm, Sweden, has issued a press release to announce the acquisition of PayEx, a fullservice payment provider in the Nordic region. ... Read More

European Central Bank: Conditions support loan growth

The European Central Bank (ECB) has issued a press release to make publish the results of the April 2017 euro area bank lending survey. Increasing demand and eased lending ... Read More

Fintech startup offers loans of up to £5,000 in just two minutes

Fintech startup Revolut has partnered with a peer-to-peer lender to offer loans to users, its newest product in addition to a current account and money transfers. With Lending Works, ... Read More

NatWest Takes on with FinTech Firms by Launching Digital Lending Platform

In a bid to respond to competition from FinTech firms U.K.-based NatWest Bank has announced that it is launching a digital lending platform that promises fast loan decisions to ... Read More

ASIC announced no debit fees for payday loans

Following an independent review of payday lending laws, ASIC has taken steps to ensure consumers are not charged direct debit fees when taking out a small amount loan. This ... Read More

ECB reports income increased for Euro area household

Loans to households increased in the second quarter of 2016 at a higher rate of 1.7% (after 1.5% in the first quarter). Household financial investment accelerated as well (2.3% ... Read More
european banks stress test

Most European Banks Survive Stress Test

European regulators gave most banks a clean bill of health in “stress tests” despite the Continent’s sluggish growth and low interest rates, saying only a clutch of lenders would struggle ... Read More

Dubai’s largest bank reported Q2 net profit rises 16%; $520m net profit

The bank made a net profit of Dhs 1.91bn in the three months to June 30 Dubai’s largest lender, Emirates NBD (ENBD), reported a 16 per cent rise in ... Read More

SEC announced: Mortgage Company and Executives Settle Fraud Charges

The Securities and Exchange Commission today announced that a California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme ... Read More

Deloitte trashed the hype around the $US180 billion fintech industry

Deloitte just trashed the hype around the online lending industry. The accountancy and consultancy practice has done a deep dive on the online lending industry and its conclusions should ... Read More
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