MMA loans – MMA Fighter Fri, 22 Oct 2021 09:41:00 +0000 en-US hourly 1 MMA loans – MMA Fighter 32 32 The role of the financial sector in the real economy discussed at the annual Financial Street Forum in Beijing Fri, 22 Oct 2021 09:41:00 +0000

The growth of money supply and social finance fundamentally matches that of nominal GDP, which interprets appropriate policy and sufficient liquidity, according to Yi, noting that structurally, monetary and credit policy tools could better support small, medium-sized businesses. and microenterprises and green and weak enterprises. -the development of carbon.

The financial sector is now taking a key role in promoting a new development paradigm and supporting high-quality development, according to Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), calling for more financial actions to improve people’s living conditions, insurance protection, education system, among others.

A multilevel stock market system with complementary functions and organic connections to meet the diverse financing needs of companies is an inherent requirement to improve the adaptability of finance to the real economy, according to Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), calling for steadily advancing the reform of the registration system to promote a virtuous circle of economics and finance.

Pan Gongsheng, vice-governor of the PBOC and head of the State Administration of Foreign Exchange (SAFE), noted that the stability of domestic economic fundamentals would be the basic guarantee for from China foreign exchange market in response to external shocks.

Liu Siyang, vice president of Xinhua News Agency, noted that Xinhua witnessed and reported every historical moment in the development of from China industry and further refine its economic news and information services, particularly in the financial field, by making full use of its authoritative, intellectual, terminal and global strengths to contribute to the healthy development of from China financial sector.

Founded in 2012, the forum is jointly organized by the People’s Government of Beijing Municipality, PBOC, Xinhua News Agency, CBIRC, CSRC and SAFE, hailed as an indicator of from China financial reform and development.

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Finastra and AccessFintech Partner to Bring Greater Data Transparency to the Syndicated Loan Market Wed, 20 Oct 2021 09:49:21 +0000 Copyright 2021 PR Newswire. All rights reserved

Collaboration speeds up data availability for lenders through Fusion LenderComm and Synergy DataLake

LONDON, 20 October 2021 / PRNewswire / – Finastra, the largest pure software provider serving the entire financial services industry, and AccessFintech, the data sharing network that optimizes workflow through collaboration, today announced that they have teamed up to bring greater data transparency, efficiency and industry-wide collaboration to the syndicated loan market.

The integration of Finastra’s Fusion LenderComm platform and AccessFintech’s Synergy DataLake accelerates data availability for lenders and strengthens internal operations and collaboration between agents, lenders and service providers. It also helps digitize the market, eliminating the need for faxes, emails and phone calls and making reconciliation more efficient.

Finastra’s Fusion LenderComm will enable Fusion Loan IQ agents to provide data to Synergy DataLake, enabling publishers and lenders to access contract and transaction-level data, manage and monitor their operations, and facilitate efficient operations through transparency and collaboration. To complete the integration between the two platforms, updated loan data will be sent from Synergy to Fusion Loan IQ via direct processing as part of the Fusion LenderComm offering.

Cory Olsen, Loans Business Manager at AccessFintech said: “Finastra and AccessFintech are natural partners because we are both committed to digitizing the market and making it more transparent. This joint initiative improves agent and lender efficiency, enabling agents to share data instantly and benefit from centralized workflows and collaboration. “

Amy walker, Vice President of Fusion LenderComm at Finastra said, “Our partnership helps solve the pressing industry challenge for both sides of the market around the digitization of data. Finastra and AccessFintech are uniquely positioned to provide greater transparency in the lending market. collaborative capabilities will ensure that we reach all market players. Together, we will advance the loan market.

Fusion LenderComm digitizes and streamlines information exchange for agents and lenders. It is built on APIs through Finastra’s open development platform,, and is part of the company’s comprehensive suite of lending solutions, including Fusion Loan IQ, the leading commercial lending platform. in the world. Overall, Finastra software powers over 70% of total syndicated loans worldwide.

Synergy DataLake uses shared industry data to simplify and accelerate workflows, reduce capital requirements, and provide valuable benchmarking information.

Learn more about Fusion LenderComm here or Fusion Loan IQ here.

Learn more about Synergy DataLake here.

For more information, please contact:

Caroline duff
T +44 (0) 7917 613586

Don hunter
FinTech Access
T +44 (0) 7427896506

About Finastra

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Backed by the largest and most comprehensive portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes around the world, including 90 of the world’s 100 largest banks. Our open architecture approach brings together a number of partners and innovators. Together, we show how applications are written, deployed and used in financial services to evolve with changing customer needs. Learn more about

About AccessFintech

AccessFintech’s Synergy ecosystem helps optimize workflow through collaboration, data, and shared access to technology. By enabling users to collaborate on data, it transforms operations to simplify and accelerate workflows, reduce capital requirements, and provide access to benchmarking information. At the core is the Synergy DataLake, which facilitates large-scale data collaboration, with more visibility into transaction data and workflow optimization to accelerate and simplify transactions through digital automation. Synergy DataLake enables resolution and decision making in one place, as well as technology distribution providing connectivity to new technologies and lowering the cost of ownership for everyone. AccessFintech has built a network of leading financial institutions with a critical mass of data, participants and use cases and more than one billion transaction updates are now processed every month on Synergy.


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‘Parcelado makes starting a business much easier here’ Fri, 15 Oct 2021 04:35:03 +0000

Keith Harris started his hair styling career at the age of 14 sweeping the floor of his father’s Snips salon in Dublin. Almost 40 years later, he cuts his hair while looking at the rooftops of sunny Brazil, 7,000 km from his home.

Hailing from Terenure, Harris says the Humble Scissors provided an open ticket to employment, transcending language and culture to create career opportunities across Europe and South America.

“I moved to London in 1986 when hair was thick, to work in salons across the city and take advantage of all that the hair revolution had to offer. It was a good time to be in London and there was so much going on culturally and societally. “

With freedom and youth on his side, he easily moved from London to Brussels. “I did not speak French when I arrived for the first time. Fortunately, the international language of hairdressing with all its hand gestures and waves made it possible to understand what clients wanted.

Four years in the European capital passed quickly and, in search of a new challenge, Harris had an eye on Portugal after making some interesting contacts in Lisbon. “So in 1996 a few friends and I bought an old postal van and drove 2,000 km to our new home. ”

Family affair

It was in the trendy district of Lisbon, where he and business partners opened a clothing salon, bar, and barber shop in 1998.

“We created a new hairstyle concept and the business went very well. I was in Portugal for eight years, but in 2004 when my father suggested that I take over the business from home.

With a baby and a wife, Harris saw Dublin as a great new opportunity to expand his abilities within his profession. “My father’s salon – Snips on Middle Abbey Street – is a wig specialist and I started working with clients who had lost their hair for a number of reasons. It was a truly enriching, spiritual, sad, happy, beautiful and humbling time and I learned a lot of life lessons.

During his time back home, Dublin was buzzing and Harris took a Chinese medicine class, learned massage, and started DJing across town at night.

“But at the end of the 2000s, I decided to join my ex-wife and my son, who were returning to Brazil.”

In 2010, Harris sold everything he had – his amplifiers, turntables and records – and moved to Fortaleza in northern Brazil with just two bags and € 5,000.

“I had been working as a hairdresser for so long, decided to focus on a fresh start and worked as a masseuse. My first clients were MMA fighters.

“But the money was not so easy to earn and after the death of my father in 2011, I decided to continue the family tradition, although far from home. I lived in an artistic condo and cut their hair. A lot of interesting people came to see me and I quickly got an offer to work in a very high end barber shop.


After working full days, he also spent evenings cutting his hair at home. The demand for his hairdressing skills was such that he and his life and business partner Camila, who have been together for eight years, decided to open a salon together.

“There’s a great system here called Parcelado, which means you can borrow regularly from the bank and pay off the loans in 10 installments. So we bought quality chairs, basins and furniture to create our own hairdresser. It’s a great system, which makes starting a business a lot easier here.

The lounge opened in 2015 on a busy street corner near the beach and is called Meraki. “It’s a word often used in modern Greek, which describes ‘to do something with soul and creativity or with love.’ It’s about putting something of yourself into what you do.

Before Covid-19, the duo decided to throw a party for customers and those involved in the business to celebrate their successes.

“We called the building owner to see if we could have the rooftop party. The area available to us was over 100 m² with a view of the city. It was unbelievable. We decided shortly after to inquire about opening a salon up there.

In 2019, the activity grew. “There is an elevator from the street and we have classrooms where I teach hairdressing. We have five stylists and a receptionist.

Brazil has been hit hard by Covid-19 and the show closed for four months. “We survived by setting up a voucher system where people could buy their dates online for reopening. We have a great clientele that supported us, but we also had funds for the rainy days. “

Harris says the rooftop garden means guests can now wait outside and can follow strict protocols to make sure the virus doesn’t spread there. “We are so lucky to have this space and, since opening after Covid-19, it has been a blessing.”

Brazil is not exempt from socio-economic and human rights problems, which make it a dangerous place. “You hear gunshots. It is a place of great inequality, so there is a will for violence and you need your intelligence.

“Plus, it’s close to the equator and the temperature never really changes much. You are either hot and humid or just hot. It’s dark early and you get up at dawn, which I love.

“I have Brazilian nationality because my son is from here. He is 19 now and is studying agronomy.

There are about three Irish living in the city, which has a population of around three million, so it’s convenient for Harris to speak Portuguese.

“I am very comfortable here and life is good. Like many Irish people abroad, it’s nice to come home and I look forward to a trip to see my friends and family again.

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World Fight League announces founding, publishes 50/50 revenue sharing plan Thu, 14 Oct 2021 17:50:38 +0000

If the World Fight League can take off, it could change the nature of the sport as we know it.

The newly founded organization released a statement on Wednesday officially announcing its intention to become a league to challenge other major promotions. Unlike any notable organization currently running, but similar to the International Fight League in the past, the WFL plans to operate like other professional sports leagues by managing teams. These teams, known as franchises, will represent four different conferences around the world including North America, South America, Europe and Africa, and Asia and Oceania. According to the WFL statement, six franchises have currently been approved and it is looking to get more involved to fill its ranks.

Ariel helwani first announced in September that this league is in the process of being established, with the intention of launching in 2023. The goal of the WFL is to exist with four conferences holding at least eight franchises each, and these groups will clash before clashing. for the conference then the international championships. According to Helwani, these franchises will bring together the athletes of a potential project and then sign others through a free agency.

Perhaps most appealing to fighters, fans and the media is the proposition that it will be a non-profit corporation, in which the revenues will be split 50/50 with the athletes. The six approved franchises have all subscribed to this dynamic, as well as to several other important financial clauses including guaranteed contracts, health and career insurance and a pension plan. The WFL intends for fighters to form a union to represent them, just as many other major sports leagues are working alongside player unions.

The people involved in forming this promotion have yet to be announced and have not responded to any of the rumors regarding the involvement of potential Professional Fighters League players. He did, however, allude to an increase in the number of those who wish to participate in the world of sport, and not just MMA.

“A growing number of influential entities within the sports industry are coming together to build this new, much needed league,” the statement wrote.

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Refi prices today, October 14, 2021 | Rates are increasing Thu, 14 Oct 2021 12:15:01 +0000

We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money.

Today, several closely watched mortgage refinancing rates have climbed.

Both the 15-year fixed rate and the 30-year fixed rate have seen their average rates rise. And the average 10-year fixed refinancing rates have also increased.

Mortgage refinancing rates are constantly fluctuating. However, rates have been hovering near their historic lows for some time. For those looking to refinance their existing mortgage, this may be the perfect time to get a record high rate.

Here are the 30-year, 15-year and 10-year average refinance loan rates:

Find mortgage refinancing rates in your area here.

What this means for owners

As refinance rates stay close to 3%, it’s still possible to get a low rate for homeowners who haven’t refinanced in the past few years. But the decision to refinance isn’t just about the rate, there are also closing costs to consider. So make sure you plan to stay in your home long enough that the interest savings outweigh the costs. And remember, even if you don’t pay anything up front, the refinancing closing costs are usually added to your loan balance. So you pay it one way or another.

Refi rate over 30 years

Right now, the 30-year average fixed refinance has an interest rate of 3.17%, an increase of 5 basis points from last week.

You can use our mortgage calculator to figure out how much your mortgage will cost you each month and to understand what it would be like to make the extra payments. Our mortgage calculator will also tell you how much interest you will be charged over the life of the loan.

Refi rates fixed over 15 years

For fixed 15-year refinances, we see an average rate of 2.41%, an increase of 3 basis points compared to a week ago.

The monthly payments for a 15-year refinance loan will be larger than for a 30-year refinance at the same rate. However, a shorter loan term can help you build equity in your home much faster.

Refi rates fixed over 10 years

The 10-year average fixed refinance rate is 2.37%, an increase of 5 basis points from a week ago.

Monthly payments with a 10-year refinance term would cost a lot more per month than with a 15-year term, but you’ll pay less interest in the long run.

Mortgage refinancing rate trends

Currently, refinancing rates are extremely low compared to recent history of mortgage rates. Rates have been close to 3% since April 2021, according to Freddie Mac Weekly Poll.

Even with a moderate increase, rates could still remain favorable to borrowers. Experts see rates staying low throughout 2021 and won’t start to see consistent gains until the second half of the year. The evolution of long-term refinancing rates will depend on general factors, such as inflation and our economic recovery.

How are our refi rates calculated

Our daily refinance rates are based on daily rate data from Bankrate, which is owned by the same parent company as NextAdvisor. These daily refi interest rate averages are based on a client profile that meets the following criteria:

  • At least 20% + equity
  • Owner-occupied house
  • 740+ credit score
  • Single family Home

The information provided to Bankrate by lenders across the country is displayed in the table below:

Prices as of October 14, 2021.

Take a look at the mortgage refinance rates for a number of different loans.

Is it still a good time to refinance?

The past year has historically been a great time to refinance as rates have never been so low. However, since January, mortgage rates have climbed and crossed the 3% threshold for the first time since last summer.

Even though the days of record refinancing rates are behind us, it is still a great time for many homeowners to refinance. If you can lock in today’s rates that are just north of 3%, you get a deal near the historic low.

So there is still time to save with a refinance, but this window is closing. Many experts predict that rates will continue to rise as the economy returns to pre-pandemic levels over the next year.

How To Make Sure You Get The Best Refinance Rate

Your finances have a big impact on the refinance rate you get. Having a lower loan-to-value ratio for your home and a higher credit rating usually results in a lower mortgage refinance rate.

But your personal financial situation is not the only consideration that influences the interest rates offered to you. The equity you have in the property also comes into play. You want to have at least 20% equity, or a loan-to-value ratio of 80% or less.

Even the mortgage itself will have an impact on your refinance rate. A short term refinance loan generally has lower interest rates than a long term loan. Also, if you want to withdraw money from your home with withdrawal refinance, you should expect to pay a higher mortgage rate for this lien.

Average cost of refinancing

The cost of refinancing can vary widely depending on these factors:

  • Where is the property
  • Type of refinancing loan
  • Your lender
  • Loan balance
  • Your credit rating
  • Home equity

Typically, the refinancing closing costs are 3-6% of the loan balance. The type of loan you are refinancing can impact its cost in a number of ways. Some government-backed refinance loans, such as the FHA Streamline or the VA Interest Rate Reduction Refinance Loan (IRRRL) may not require appraisal, but may come with high upfront fees to cover mortgage insurance. On the other hand, if you have enough equity, you could refinance into a conventional loan to eventually get rid of the mortgage insurance requirement.

Mortgage rates by type of loan

Mortgage refinancing rate

Mortgage purchase interest rate

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Real estate CRM provider Sell.Do is committed to empowering Bangalore developers and brokers Tue, 12 Oct 2021 08:18:00 +0000

The CEO Summit was chaired by a panel of industry pillars such as Abhishek Kapoor – CEO Puravankara Ltd, Rajendra joshiCEO Residential Businesses – Brigade Group, Srinivasan Subramanian CEO SNN Manufacturers, Ashwinder R Singh – CEO Residential Bhartiya City and S. Baaskaran – Group CEO, Groupe Ozone. Ahead of the holiday season, the webinar summarized expert opinions on ‘Bengaluru Realty poised to transform and grow’, highlighting key information on government policies and regulations in the industry, l ‘changing consumer preferences and financial options such as bank loans and construction finance available to consumers. and developers at the same time.

Sharing his thoughts on the CEO Summit, Vikram kotnis, General Manager, Sell. Make, affirmed with force, “Bengaluru has successfully capitalized on the global IT boom, making it the top destination for millennial relocation. In addition, state government policies and attractive bank loans for the holidays are helping to fuel the purchase of a house in Bengaluru. The Bengaluru consumer is progressive and has changing preferences that must be met through data-driven proptech solutions. More and more, real estate developers are innovating using technology solutions to streamline operations and create enhanced customer experiences to serve this new consumer..

Abhishek Kapoor – CEO Puravankara Ltd, elaborated, Bangalore is one of the most sought after real estate destinations around the world. Its unrivaled concentration of IT, manufacturing centers and start-up capital has made it a very attractive location for white collar jobs. With an influx of job seekers and growing civic facilities, Bangalore has experienced phenomenal growth over the past decade. The rapidly growing smart infrastructure, an abundance of business establishments, conducive market dynamics, a mild climate, tree-lined streets and a vibrant culture make this metropolis a favorite location for end users and investors. . “

With promising future prospects, Bangalore’s renewable energy industry is now poised for transformation and exponential growth. Bengaluru RE has always been a rapid follower of technological trends and with the implementation of government reforms such as reduced stamp duties, lucrative interest on home loans and festive offers paved the way for its rebirth. Widely regarded as the Silicon Valley of India– Bengaluru continues to emerge as a preferred hub for commercial real estate, mainly led by the companies BFSI, Tech & Pharma.

About Sell.Do

Sell.Do is india Leading sales and marketing CRM for real estate companies. It allows real estate companies to automate their entire consumption cycle on a single platform. It offers a suite of cloud-based sales and marketing automation products including lead management, pipeline management, inventory management, ad automation, collaboration and negotiations, post -sale, etc. exclusively designed for the real estate sector. Combining Analytics and ML / AI, it helps real estate companies market smarter and sell faster. Sell.Do has partnered with over 600 real estate companies on their digital transformation journey.

About Puravankara Limited

Puravankara Limited is a leading real estate conglomerate headquartered in Bengaluru with a pan-India presence. Over the past four decades (46 years), the company has created two distinct and successful brands. The flagship brand Puravankara caters to the premium end of the spectrum. At the same time, Provident Housing Limited is positioning itself in the affordable premium segment. The company has completed 74 projects measuring over 42 million square feet, and over 22 million square feet of projects are under development. Currently, the company’s land reserve is nearly 65 million square feet.



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Where’s Chuck Liddell’s house? Tue, 12 Oct 2021 07:44:47 +0000

Chuck Liddell has long been the UFC’s biggest star, keeping the business afloat through its worst days. ‘The Iceman’ has made the most of a successful MMA career and it is reflected in his lifestyle.

While Chuck Liddell owns several properties, he resides primarily in his Hidden Hills home in Calabasas, California. The former UFC light heavyweight champion bought the property for $ 2.6 million in 2012.

Chuck Liddell’s Hidden Hills Estate features five bedrooms, five bathrooms and spans 5,923 square feet. The mansion also has a swimming pool, spa, library, vaulted ceilings, and a full-size basketball court.

Before moving to Southern California, Chuck Liddell lived in San Luis Obispo. His property has been featured on MTV nurseries. The 4,600 foot home was built in 1965. It features five bedrooms, four bathrooms, a gourmet kitchen, and an oversized inground pool with spa, rock slide, and waterfall.

Liddell bought the property in 2006 for $ 1.275 million. He then sold it for $ 1.2 million in 2011 due to the decline in real estate. Chuck Liddell also had two other homes for sale in San Luis Obispo during this time.

Chuck Liddell got into legal trouble after selling a house

Chuck Liddell even got into legal trouble after selling his house in Atascadero. Liddell sold the house to Kenneth and Hayley Smith in 2015. A lawsuit was filed against the former UFC champion after the Smiths discovered a pre-existing water leak in a laundry room that shared a wall with the bedroom. their 9 year old daughter.

The lawsuit alleged the couple’s young daughter suffered from mysterious nosebleeds, sore throats and other health problems after moving into a room “riddled with mold”. The lawsuit was brought against Chuck Liddell, his real estate agent Dustin Ward and the San Diego-based mortgage company 4 USA Loans Inc.

The lawsuit included allegations of breach of contract, breach of implied habitability, negligence, fraudulent concealment, civil conspiracy, bodily harm, intentionally inflicting emotional distress, among others.

Chuck Liddell then settled the lawsuit in 2019 by paying a hefty sum of $ 70,000. The terms of the settlement included $ 31,500 each for the couple and $ 7,000 for their daughter.

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Student loans may be eligible for federal forgiveness Mon, 11 Oct 2021 22:10:08 +0000

iStock / Getty Images

In Spanish | Young people just starting out in their careers may be the frontrunners of college debt, but a growing percentage of older Americans are bogged down by student loans.

Of the $ 1.6 trillion in student debt owed by Americans in 2020, people aged 50 and over accounted for about $ 340 billion, up from $ 47.3 billion in 2004, according to the Federal Reserve Bank of New York.

Such financial obligations can put a damper on retirement savings, says Ben Reynolds, founder of “Sure Dividend,” a newsletter for long-term investors. “People nearing retirement or retirement who aren’t bothered by student loans don’t have the burden of maintaining those monthly payments, freeing up more money for retirement accounts and investments,” says Reynolds .

One way to alleviate some of the burden is to use the Public Service Loan Cancellation Program (PSLF), which allows borrowers who work in public sector jobs – such as government, public education and law enforcement – to have their loans in arrears after making 10 years of payments. Here is what you need to know to take advantage of the civil service loan forgiveness.

Understand the requirements

In order to receive a student loan forgiveness, you had to make 120 qualifying payments on time, which means the payment had to match the total monthly amount owed and paid within 15 days of the due date. Under the new rules announced on October 6, any previous payment made will be considered an eligible payment, regardless of the type of loan, repayment plan, or whether payment was made in full or on time. All you need is a qualifying job.

This change will apply to student loan borrowers with direct loans, those who have already consolidated in the direct loan program, and those consolidating in the direct loan program by October 31, 2022.

While you typically won’t get credit for months without making a payment, this is not the case during the pandemic. To provide relief to borrowers during the COVID-19 crisis, payments and interest on student loans have been suspended until January 31, 2022. However, those months will count for the PSLF even if you don’t pay a dime.

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Digital lending market worth $ 20.5 billion by 2026 Thu, 07 Oct 2021 14:30:00 +0000

CHICAGO, October 7, 2021 / PRNewswire / – According to a research report Digital loan Market by offering (solutions (digital lending platforms and point solutions) and services), mode of deployment (cloud and on-premise), end-user (banks, credit unions and NBFCs) and region – Global forecasts until 2026 ” , published by MarketsandMarkets ™, the size of the global digital lending market to scale from $ 10.7 billion in 2021 to $ 20.5 billion by 2026, at a compound annual growth rate (CAGR) of 13.8% over the forecast period.

The digital loan market is primarily driven by the need for a better customer experience. Banking and financial organizations are moving towards advanced, flexible and scalable digital lending processes to meet the challenges of technology, regulations and customer demand. A digital lending platform provides a comprehensive, omnichannel credit management solution to meet the ever-changing needs of credit hunters and banking and financial institutions.

Browse the table of contents in depth on “Digital credit market”
252 – Tables
48 – Figures
229 – Pages

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By offering, Solutions segment will hold the largest market size during the forecast period

Solutions segment of the digital lending market is expected to hold the largest market size in 2021. The solutions segment of the digital lending market is further classified into digital lending platforms and point solutions. Various solutions are offered in digital lending platforms, from loan origination to loan closing. Point solutions help banks and financial institutions deal with a single section of the entire loan processing lifecycle.

By Point Solutions, P2P Lending Software Segment Is Expected To Grow At The Highest CAGR During The Forecast Period

In the point solutions segment, the peer-to-peer (P2P) lending software sub-segment is expected to grow at the highest CAGR during the forecast period. This is a form of online loan that allows individuals or businesses looking for loans to apply for and obtain loans online directly from other individual investors without the need for intermediaries. This helps lenders make an informed decision before granting unsecured loans, while helping borrowers compare and assess their choices.

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By region, North America to represent the largest market size during the forecast period

North America occupies a strong position in the global digital loan market, due to the presence of most of the major digital loan providers such as Fiserv, ICE Mortgage, FIS, Pega and Sigma Infosolutions. The region offers the most innovative and fastest services available in the world thanks to its network infrastructure. North America has also witnessed the early adoption of cloud and mobile technologies, which has significantly driven the adoption of digital lending solutions to improve customer experience and reduce processing time.

The main players in the Digital loan market include Fiserv (US), ICE Mortgage Technology (US), FIS (United States), Newgen software (India), Nucleus Software (India), Temenos (Switzerland), Pega (United States), Sigma Infosolutions (United States), Intellect Design Arena (India) and Tavant (United States).

Browse adjacent markets: Digitalization and IoT market research Reports & Consulting

Associated reports:

Digital banking platforms Market by Component (Platforms and Services), Bank Type (Retail Banking, Corporate Banking, and Investment Banking), Banking Mode (Online Banking and Mobile Banking), Deployment Type and Region – Global Forecast to ‘in 2026

Fight against money laundering Market by Component, Solution (KYC / CDD & Watchlist, Transaction Filtering & Monitoring), Deployment Mode, End User (Banks & Financial Services, Gaming / Gaming Organizations) & Region – Global Forecast to 2025

About MarketsandMarkets ™

MarketsandMarkets ™ provides quantified B2B research on 30,000 high growth niche opportunities / threats that will impact 70-80% of business revenues globally. Currently serving 7,500 clients worldwide, including 80% of global Fortune 1000 companies as clients. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets ™ for their issues related to revenue decisions.

Our 850 full-time analysts and SMEs at MarketsandMarkets ™ monitor high-growth global markets according to the “Growth Engagement Model – GEM”. The GEM aims to proactively collaborate with clients to identify new opportunities, identify the most important clients, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets ™ now offers 1,500 MicroQuadrants (positioning the best players among leaders, emerging companies, innovators, strategic players) each year in emerging high growth segments. MarketsandMarkets ™ is committed to benefiting over 10,000 businesses this year with revenue planning and helping them bring their innovations / disruptions to market quickly by providing them with cutting edge research.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for a deeper understanding of unfulfilled information as well as market size and forecasts of niche markets.

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Markets and Markets ™ INC.
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How Online Loan Aggregators Are Contributing To UAE Retail Lending Penetration Wed, 06 Oct 2021 13:30:00 +0000

GURUGRAM, India, October 6, 2021 / PRNewswire / – The banking industry in the UAE is a highly fragmented space with a presence of around 60 national and international banks in the country. After the 2016 oil crisis, suffering from high NPAs, UAE banks tended to be more cautious when lending especially to businesses and individuals, thus increasing rejection rates. Even now, banks generally avoid lending to expatriates (sometimes setting additional eligibility requirements) and prefer to grant loans to nationals working in government jobs. Therefore, expatriates (8.5 million inhabitants) are often seen resorting to the channel of loan aggregators.

Retail loans including personal loans, credit cards, mortgages / home loans, auto loans are the second most requested loan category in UAE. With minimal documentation and eligibility criteria, personal loans in UAE are mainly acquired for the purpose of home improvement, travel, other loan repayment, etc. In recent years, outstanding personal loans in UAE have gained momentum due to increased demand from labor force in Dubai and Northern Emirates regions. However, given similar documentation and eligibility criteria, it is to be expected that a similar trend will also be followed in the application for credit cards. On the contrary, credit card transactions have declined due to the limited availability of the merchant’s banking infrastructure and the limited and difficult use of credit cards.

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Over the past 2-3 years, property prices in the UAE have trended downward to an average price of AED2.58million by 2019 and move out of the market led by the investors at the owner-occupied market. Obtaining a mortgage in the United Arab Emirates is a long and expensive process. Therefore, consumers often use online aggregation services to compare loan prices or get help in the overall loan acquisition process.

In recent years, instead of buying a new car, consumers have turned to alternative options such as car leasing, car subscriptions or buying used cars. This in turn decreased the country’s car sales year over year, which negatively impacted the demand for auto loans in the country. However, car dealerships often have links with multiple banks, helping buyers to facilitate loans and negotiate fees, which is one of the main reasons consumers do not prefer aggregation services. in line.

SME lending can be an area of ​​great potential for online aggregators. According to the 2018 Dubai SME Report, 400,000 MSMEs contribute around 40% of GDP and employ 42% of the city’s workforce. However, due to credibility issues and failure to meet collateral requirements, SMEs in the UAE suffer from a rejection rate of 60-65%, and therefore are often seen as relying primarily on self-financing options or aggregators to facilitate loans.

The COVID 19 pandemic has made industries aware of the importance of online operations and has resulted in a major shift in consumer behavior, with consumers preferring contactless online services. Such a situation should present an opportunity for online loan aggregators, thus expecting considerable growth through increased traffic and leads.

Companies covered: –

  • YallaCompare
  • Souqalmal
  • BankOnUs
  • United Arab Emirates political bazaar
  • SoulWallet
  • UAE Cash Loans

Period entered in the report: –

Historical period: 2015-2019

Forecast period: 2020-2024

Main topics covered in the report: –

  • Socio-demographic, economic and banking scenario in the UAE
  • Overview of UAE lending scenario with segmentation by commercial and industrial loans, personal loans, government loans, public loans and loans to financial institutions
  • Retail loan scenario with segmentation by personal loans, credit cards, mortgage / home loan, auto loan and others
  • Gaps in the traditional lending sector filled by online loan aggregators
  • UAE Online Loan Aggregator Industry With Tracked Business Model
  • End-to-end customer journey followed
  • Technological and operational structure followed
  • Regulatory Landscape in the UAE Loan Sector

Competitive landscape including overview, ecosystem and cross comparison between major players based on operations, loan providers, product portfolio, strengths and weaknesses analysis, website functionality

Company Profiles-YallaComapre, Souqalmal, BankOnUs, PolicyBazaar UAE, SoulWallet, UAE Cash Loans

International Case Studies-PaisaBazaar (India), Money Super Market (United Kingdom)

Future prospects for retail and online loan aggregators

Impact of COVID 19

United Arab Emirates Online Loan Aggregator Market

Online loan industry in UAE

UAE Online Loan Market

UAE credit card revenue PolicyBazaar

PolicyBazaar Online Loans Market Share in United Arab Emirates

PolicyBazaar United Arab Emirates Personal Loan Income

UAE Income Loan Aggregators

Souqalmal United Arab Emirates Personal loan income

UAE Cash Loans Online Loan Market

United Arab Emirates Credit Card Online Market

United Arab Emirates Fintech Market

UAE Online Aggregation Services Market

Online auto loan market in United Arab Emirates

WATER WATER online distribution loan

UAE Online Loan Aggregator Industry

For more information on the research report, click on the link below: –

UAE Online Loan Aggregator Industry

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