loans

Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News

Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
November 13, 2020  |  The Weekender

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. We have deep dives...

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People Keep Saving Despite Low Interest Rates
People Keep Saving Despite Low Interest Rates
November 13, 2020  |  Banking

Interest rates on deposit accounts are hovering at near zero percent due to the COVID-19 pandemic, but that hasn’t stopped people from socking money away....

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HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals
HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals
November 12, 2020  |  B2B Payments

To simplify banking for small- to medium-sized businesses (SMBs) in the United States, HSBC is rolling out a new service with Biz2Credit. The financial institution...

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JPMorgan, Other Top Banks Brace For Defaults Amid Troubled Loans
JPMorgan, Other Top Banks Brace For Defaults Amid Troubled Loans
November 11, 2020  |  Loans

The number of troubled loans sitting on the books of the top U.S. banks remains high despite significant improvement over the past few months, a...

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European Banks Warned Loan Defaults Could Skyrocket Amid New Pandemic Lockdowns
European Banks Warned Loan Defaults Could Skyrocket Amid New Pandemic Lockdowns
November 11, 2020  |  Loans

The chair of a new European banking authority is warning lenders to prepare for an onslaught of bad loans due to the second wave of...

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As Lenders Tighten Standards, Defaults On The Horizon?
As Lenders Tighten Standards, Defaults On The Horizon?
November 11, 2020  |  Banking

Amid the continued grappling with the economic headwinds of the coronavirus, lenders are navigating choppy waters — but defaults may loom. Get the Full Story...

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Today In Digital-First Banking: Banks Set Stricter Loan Rules In Q3; FSB Warns Outsourcing Bank Tech Could Present ‘Systemic Risk’
Today In Digital-First Banking: Banks Set Stricter Loan Rules In Q3; FSB Warns Outsourcing Bank...
November 10, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, banks have tightened their loan standards per a survey from the Federal Reserve, while a watchdog organization warned...

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Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3
Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3
November 09, 2020  |  Loans

In the third quarter, banks tightened their loan standards to firms of any size and also saw weaker demand than usual, according to the Federal...

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Bounce-Back Loans Shaky After Funding Loss By UK FinTech Lender Tide 
Bounce-Back Loans Shaky After Funding Loss By UK FinTech Lender Tide 
November 09, 2020  |  B2B Payments

Numerous British firms are at risk of losing access to bounce-back loans (BBL) after the U.K. FinTech Tide withdrew from the program citing inadequate funding,...

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