IT lending

Zest AI Doubles Credit Union Market for AI Underwriting

LOS ANGELES, September 22, 2021 / PRNewswire / – Zest AI, a leader in AI-powered underwriting software, today announced a series of measures that underscore its commitment to the credit union industry. Zest has received registered status as a Credit Union Service Organization or CUSO; received an equity investment from …

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HDFC Bank leads the way to double personal loans

HDFC Bank Ltd., India’s largest private lender, plans to double the amount of loans it provides to retail borrowers over the next two years as consumer demand intensifies after a market-induced slowdown. pandemic. Uncertainty is diminishing and demand is improving as companies seek to support growth after Covid-19, said Arvind …

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The great power of nanolending – Journal

Fact 1: Conventional banks have around 3.5 million borrowers despite having been active in the lending industry for decades. Fact 2: The number of active borrowers from microfinance providers, a new kid on the block of access to finance, has already passed the 8 million mark. Now take a closer …

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Defi TVL climbs higher, use of optimism increases, 270K BTC on ETH, loans on ETH hit $ 44 billion – Defi Bitcoin News

As of mid-September, the total locked-in value (TVL) in decentralized finance (challenge) continues to climb, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana and other blockchains has increased significantly to reach 171 billion dollars today. On the Ethereum network, there are 270,783 bitcoins held in TVL worth …

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Cheapest two-year fixed rate mortgage in UK launched

Mortgage Updates Sign up for myFT Daily Digest to be the first to know about mortgage news. Competition in the UK mortgage market picked up speed on Friday as the Co-operative Bank launched a record two-year fixed rate contract, with an interest rate of 0.79%. The deal from Platform, a …

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Uganda: lending rates drop to 16.28%

Commercial bank lending rates denominated in shillings continued on a downward trajectory in July, falling to a weighted average of 16.28% from 17% in June. According to the finance ministry’s report on the performance of the economy for the period ending in July, the move is partly due to a …

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