Tagged: abs

Singapore to Launch New E-Payment Solutions, Extends Deadline for Corporate Cheques

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced the introduction of two new electronic payment solutions set to launch in mid-2025. These initiatives aim to facilitate the transition from traditional cheques to digital payments for both corporate and… Read More

European Financing Platform Debitum Shares Interim Financial Report Q1-Q2 2022

For the entire world, and especially for the European region, the year 2022 is associated with significant fluctuations in the global economy, which also “have left a remarkable impact on every local market,” the team at Debitum noted. Such a difficult and critical period has… Read More

Fintech Kapitus, which Offers Financing to SMBs, Finalizes $95M in Additional Funding Capacity

Kapitus, a Fintech company that offers financing to small businesses, announced the closing of $95 million in additional funding capacity on August 23, “bringing its total debt facilities to $360 million.” As noted in an update shared with CI, this additional funding capacity “demonstrates continued… Read More

European Financing Platform Debitum Shares Latest Updates

At the beginning of July 2022, the Debitum Asset-Backed Security (ABS) offer was 5, TRIPLE DRAGON had 15 underlying assets in 3 ABSs, EVERGREEN CAPITAL had 45 underlying assets in 2 ABSs. The number of registered users (activated) in June 2022 “reached 9357 registered users.”… Read More

Lithuania based Debitum Evolves into “Next-Level” Investing Platform, Releases New Products

Debitum is pleased to confirm that their clients, as of now, will be investing in financial instruments – Asset-Backed Securities (ABS). According to Debitum, this is one of the final steps after acquiring a license for the Debitum investment platform from the Financial and Capital… Read More

Small Business Financing Provider Kapitus Finalizes $200M Securitization

Kapitus, one of the largest and most “reliable” providers of small business financing, recently announced the closing of a $200 million asset-backed securitization (ABS). This financing positions Kapitus for steady growth after a solid year in 2021, which saw the firm’s highest funding volume in… Read More

Prodigy Finance Issues $288M Student Loan ABS

UK-based post-graduate education lender Prodigy Finance has issued a $288 million student loan asset-backed securitization backed by $304 million of loans from its own portfolio. The issuance was rated Aa3 by Moody’s and A+ by Kroll for its $227 million of senior tranche notes Using… Read More

Monetary Authority of Singapore Announces that Non-Bank Financial Institutitions May Access Retail Payments Infrastructure

The Monetary Authority of Singapore (MAS), the nation’s reserve bank and financial regulator, has revealed that eligible non-bank financial institutions (NFIs) will be able to gain direct access to the banking system’s retail payments infrastructure starting from February of next year. NFIs that are authorized to… Read More

Pagaya Completes $200 Million ABS Led by Cantor Fitzgerald, Raises $102 Million Series D

Pagaya, a Fintech in the asset management space, has closed on a $102 Series D funding round. Simultaneously the company has announced a $200 asset-backed security (ABS) issuance of consumer credit – “reopening” the COVID-19 impacted market. Pagaya’s total ABS issuance now stands at over… Read More

Vanguard, One of the Wold’s Largest Investment Management Firms, Pilots Blockchain Tech to Streamline Securities Transactions

Vanguard is piloting blockchain technology in partnership with Symbiont, according to a note from the firm. Vanguard is one of the top fund management firms in the US and one of the world’s largest investment management companies. As of April, Vanguard managed about $5.7 trillion… Read More

Fintech Pagaya Closes $200 Million Consumer Credit ABS Led by Cantor Fitzgerald

Pagaya, an artificial intelligence (AI) powered investment manager, announced on Wednesday it has closed its sixth capital markets transaction for a $200 million asset-backed security (ABS), which was led by structuring agent Cantor Fitzgerald. The transaction brings Pagaya’s total assets under management (AUM) to $1.5 billion…. Read More

Shortlist for Singapore Fintech Awards Revealed

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have revealed the 40 finalists have been shortlisted for the Fintech Awards to be presented at this year’s Singapore FinTech Festival x Singapore Week of Innovation and Technology (SFF x SWITCH)…. Read More

PeerIQ CEO Ram Ahluwalia: 2017 Saw a Resurgence of Growth in Online Lending

  There are several people in the online lending industry, inclusive of marketplace and balance sheet lending, that truly know just about everything going on in this evolving sector of finance. Ram Ahluwalia, CEO and co-founder of PeerIQ is one of these persons. His company… Read More

Monetary Authority of Singapore Sponsors “World’s Largest” Fintech Festival this Week in Singapore

The Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS) and with SingEx Holdings, kick off the Singapore FinTech Festival today. This is the second edition of the week-long event that promises to provide a forum for the Fintech… Read More

Singapore Banks Push Forward with Blockchain as MAS & ABS Announce Decentralized Prototypes

Blockchain or Distributed Ledger Technology (DLT) is pretty much accepted as the future of banking. A bigger question is whether or not banks will continue to exist, at least in present form.  Banks that embrace change and innovation stand a better chance to evolve and… Read More

Yirendai Announcement: Makes Incremental Progress in Facilitating Loan Products With Asset-Backed Security Structure

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Thursday it has made incremental progress in facilitating consumer loan products with asset-backed security (ABS) structure. This news comes just a couple weeks after the online lender entered into an agreement of intent with the Beijing branch of… Read More

Here are the Ten Fintech Firms that Singapore Just Gave S$1.15 Million

As part of the first annual Fintech Festival, Singapore gifted S$1.15 million to ten different Fintech firms. Sponsored by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), a list of 200 global Fintech firms were narrowed down to 40… Read More

Fintech Festival Kicks Off in Singapore with Backing from MAS and ABS

The very first Singapore Fintech Festival kicked off today with important support from the Singapore government. Both the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) partnered on launching the inaugural event.  The week long Fintech gathering expects to have… Read More

Singapore: MAS & ABS to Hold Inaugural Fintech Awards

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are joining together on the Fintech Awards to be presented at the inaugural Singapore Fintech Festival scheduled for November 2016. Singapore is staking a claim in the Fintech sector and view… Read More

Fitch: Confidence in Marketplace Lending ABS Gets Hammered

The marketplace lending industry is getting hammered of late.  The after-shock reverberations following the resignation of Lending Club co-founder and CEO Renaud Laplanche continues to be a hot topic of conversation. Today, Fitch has come out with a report stating “investor confidence in marketplace lending… Read More

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