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Loan Origination

Small Business Finance:  The Security of Having Funds on Hand

Fico recently set down with Kathryn Petralia, cofounder and head of operations  at Kabbage, to talk about how origination management supports her business. Q: First, how is Kabbage different from traditional lenders? Kathryn: The biggest difference is that we were established in the digital age, so data is at our core. We fill a niche in that we focus on ... Read More »

RBI to Issue Licenses of Small Banks and Payments Banks

The Reserve Bank of India has received 72 applications for small finance banks and 41 for payments banks The Reserve Bank of India (RBI) is processing about 100 applications for small finance banks and payments banks and might issue licenses in a few months. “We are processing them (applications) and hope to issue licenses to fit-and-proper applicants in a few ... Read More »

Credit Information China: CCRC’s online P2P Credit Platform

The People’s Bank of China’s Credit Reference Center (CCRC), through its subsidiary Shanghai Credit Information Services Co., Ltd (CIS), has recently launched an online financial credit system – NFCS.  According to CIS, NFCS now has 370 loan companies and 524,000 registered customers as of the end of December 2014.  An insider of CIS’ credit business branch claims the number of ... Read More »

Alibaba Group Restructures Loan Division

Alibaba Group has announced the company’s completed restructured relationship with Zhejiang Ant Small and Micro Financial Services (Ant Financial) – now officially parent company of Alipay and Alibaba’s small- and medium-sized enterprise (SME) loan business. Alibaba Group and Ant Financial first agreed on a purchase agreement prior to Alibaba’s IPO in September 2014. The restructuring sees Alibaba reduce its risks ... Read More »

TransUnion Hong Kong: Over half of Population in Debt to Personal Loans

Survey shows 30% have personal loans over HK$10,000; 40% rack up more than HK$5,000/ month in credit card debt In a time of low interest rates, over half of Hong Kongers currently have personal loans under their belt – a survey by TransUnion, Hong Kong’s credit reference agency, has found.  More than 30% of 500 Hong Kong natives surveyed said ... Read More »

Moody’s Analytics to Acquire WebEquity Solutions

Moody’s Analytics announced that it has agreed to acquire WebEquity Solutions, LLC. (“WebEquity”), a leading provider of cloud-based loan origination solutions for financial institutions.   The acquisition strengthens Moody’s Analytics’ position as a leader in loan origination software and bolsters its suite of award-winning risk management products for banks, insurance companies and corporations. WebEquity’s hosted platform is used by more than ... Read More »