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A Must-Follow Mortgage Loan Processor Checklist

Keep the mortgage loan processor checklist in mind when making financial decisions to help you analyze the financial conditions and compare different offers. Taking the decision to own a property or home is easy. Most people think that the next step is to pick a house and the furniture...

Truth Behind Direct Deposit Loans

When it is the end of the month and payday is still a few days away, there is a high chance of running out of money and requiring a loan. Do you fall in the category of requiring a loan amount on an urgent basis due to unforeseen expenses?...

Understanding High Cost Mortgage Loan

In some cases conventional mortgage loans can be hard to receive especially if interested parties have regular income problems, a very effective option is high cost mortgage loan. Purchasing a house is everyone’s dream throughout their lives. And it is not that hard to fulfill if the person can...

Paytm to buy insurance firm Raheja QBE for $76m

Paytm, India’s $16 billion digital payments platform, has reached an agreement to buy Mumbai-based insurance firm Raheja QBE. The deal, worth $76 million, is all-cash, according to TechCrunch. Paytm intends to “democratise general insurance services” across India Co-founder and CEO of Paytm, Vijay Shekhar Sharma, will acquire the firm through his...

ClearBank hires new CFO and CIO

ClearBank has appointed a new chief financial officer (CFO) and chief information officer (CIO). UK clearing bank adds two to its executive ranks. James Hopkinson joins ClearBank from Standard Chartered and takes up the CFO position. Hopkinson spent almost 20 years at the bank in a variety of roles. Most recently...

HSBC France to cut 38% of global banking and markets jobs

HSBC France is seeking to cut 255 of 678 jobs in its French global banking and markets unit by end-2021, according to French news daily, Les Echos. HSBC France is seeking to cut 255 of 678 jobs. This measure forms part of a broader plan to reduce costs. It comes at...

Alibaba’s Ant plans Hong Kong IPO

Ant Group, the fintech arm of Chinese ecommerce giant Alibaba, is planning on a Hong Kong float as soon as this year, according to Reuters. Ant is targeting a valuation of more than $200 billion, according to two Reuters sources with knowledge of the matter. Ant is targeting a valuation of...

PolicyBazaar’s CEO calls SoftBank-backed expansion a “mistake”

PolicyBazaar’s chief executive officer (CEO), Yashish Dahiya, says that a huge expansion pushed by investors including SoftBank was a “mistake” that led the company to run at a loss. On 7 July, SoftBank’s Vision Fund reportedly bought an additional stake in the insurtech worth $130 million, according to the Times...

How financial institutions can capitalise on open banking benefits

With a world that is becoming increasingly complex, both consumers and businesses are actively seeking out financial service providers that can achieve their financial goals in a manner that’s relevant and seamless. The fewer steps it takes to achieve any objective, the better. Open banking provides a unique opportunity for...

Report: A new decade of core banking transformation

In a world where headlines can be dominated by new technology like artificial intelligence, quantum computing, application programming interfaces (APIs) and more, it can be easy to overlook the long-time workhorse of the financial services sector. In a digitising world the core remains the heart of banking The core banking system...