-
BNP Paribas Personal Finance UK strengthens retail finance team with new senior hire
Leading consumer finance provider BNP Paribas Personal Finance UK has strengthened its retail finance team with the appointment of a Commercial Director in the company’s Solihull office. Following an exciting year for retail partnerships with the launch of household names such as Wren Kitchens, Balraj will head up the retail finance team to accelerate new and existing…
-
Homebody Finance: Gifting the down payment
Gifts are great aren’t they? As the holiday season approaches, the spirit of giving is in the air. Gift giving reinforces appreciation between people. The recipient feels grateful and the giver gets to feel a sense of satisfaction and fulfillment – especially when the gift fits the person set to receive it. Why am I…
-
China Resources Bank and GienTech collaborate on supply chain finance
China Resources Bank has debuted two key components of its Financial Infrastructure Innovation Platform – a financial transaction cloud and a new supply chain finance platform – built on ORIGIEN, the financial-grade digital infrastructure developed by digital transformation specialist GienTech. Promoting the development of sophisticated home-grown financial technology (fintech) in the Guangdong-Hong Kong-Macao Greater Bay…
-
U.K. considers ‘reset’ of Private Finance Initiatives
The P3 sector in the United Kingdom is due for a “reset” leading to a possible overhaul of relationships between parties says a British authority on the subject. A large majority of Private Finance Initiatives (PFIs), as P3s are called in the U.K., are on the right track but there has been enough well-publicized acrimony,…
-
Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT
Stablecoin issuer Tether deposits of more than $1 billion with a financial services firm are at the center of a legal battle in London’s High Court, the Financial Times reported on Tuesday. Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High…
-
Israel considers shutting 6 ministries to finance war on Gaza
Israeli Finance Ministry employees have recommended shutting several ministries, including the Ministry of Diaspora Affairs and Combating Anti-Semitism to reallocate funds to support Israel’s aggression on the besieged Gaza Strip, the Jerusalem Post has reported. According to the paper, the Diaspora Affairs and Combating Anti-Semitism Ministry is responsible for maintaining and strengthening ties between Israel and the…
-
UK government can now focus on cutting taxes for individuals
LONDON, Nov 21 (Reuters) – The British economy is now in a position where the government can focus on cutting tax for individuals, junior finance minister Laura Trott said on Tuesday ahead of a budget update this week.Prime Minister Rishi Sunak said on Monday his government would turn to cutting tax after a fall in…
-
Money20/20 USA: Amdocs Family-First Banking for Simplicity
In attendance at Money20/20 USA, held in Las Vegas from October 22-25, FinTech Magazine speaks to Zur Yahalom, SVP & Head of Financial Services at Amdocs on how the company is tailoring its financial solutions to support Family-First Banking. For our full interview with Yahalom, you can click on the video link above.Amdocs: Family-First BankingSpeaking on…
-
Fedbank Financial Services IPO completes pre-IPO placement, raises ₹329.99 crore
ICICI Securities Ltd, BNP Paribas, Equirus Capital Private Ltd, and JM Financial Ltd are the BRLM to the issue, and Link Intime India Private Ltd is the registrar to the offer. The allocation to anchor investors for Fedfina IPO is scheduled to take place today (Tuesday, November 21). “Exciting news! Mint is now on WhatsApp…
-
IIFL Finance emerges as second largest gold loan NBFC
New Delhi, Non-Banking Financial Company (NBFC) IIFL Finance has become the second largest gold loan provider surpassing Manappuram Finance. “The gold loan portfolio has crossed Rs 23,690 crore assets under management (AUM), surpassing Manappuram Finance at Rs 20,809 crore worth of gold loan AUM. Advertisement”This has cemented IIFL Finance’s position as the second largest gold…