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Business parameters of companies improve after insolvency process: Study

CFO News

Some of the companies said that banks refused to remove the “defaulter” tag even after resolution, making it difficult for them to access loans. Wherever loans were available, the terms were a little tough.

Banking 52
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Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

PYMNTS

Car buyers want instant access to auto loan disbursements, but there are risks to offering real-time speeds, says Raul Alvarez, director of accounting operations at auto financing provider Westlake Financial. COVID-19’s Price Tag Leaves Large Hospitals At Financial Risk. Auto Lenders Use AI To Drive Safer Real-Time Disbursements.

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LendingClub and Morgan Stanley, A Tale of Two Bank Deals

PYMNTS

The stories come with significantly different price tags: $185 million and $13 billion. More immediately, the deal would give LendingClub a cheaper funding source for its loan business — last year, the company originated more than $12.3 billion worth of loans. Call it a tale of two bank deals.

Banking 97
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Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan

PYMNTS

The conversation came against the backdrop where i2c announced a partnership with TAG, to launch a super app that provides instant payments capability to Pakistan’s unbanked adult population, which at present numbers about 100 million individuals. To that end, Amir Wain , CEO of i2c Inc.

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Today In Payments: Google Reports Resurgence In Pandemic Hacking; Tech Cos Make M&A Deals

PYMNTS

Google’s security experts had their hands full in April, as its Threat Analysis Group (TAG) emailed 1,755 warnings to users whose accounts were targets of hacking and phishing attempts by cybercriminals. Plus, Samsung and SoFi have partnered to offer a new mobile money management tool. Google Reports Resurgence in Pandemic Hacking, Phishing.

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B2B Fraudsters Find New Twists In Old Scam Favorites

PYMNTS

This week’s B2B Fraud Tracker looks at the latest cases and allegations of fraud, which show rising sophistication in fraudsters’ tactics: internal bad actors are no longer acting alone, BEC scams are no longer reliant on chance and financial institutions face a growing trend in loan fraud. Mixing Internal and Internal Fraud.

B2B 62
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Deep Dive: Buy Now, Exercise Now, Pay Later

PYMNTS

All options cost money, however, and high price tags on gear, classes or personalized training plans can deter individuals from achieving their health goals. based debt advice provider PayPlan cautions BNPL users to pay off all debts on time by prioritizing spending on existing loans rather than buying new items.