Indonesia's fintech lending boom exploits the lack of bank loans

JAKARTA (Reuters) – Fintech firms, offering loans of as little as a few hundred dollars, are seeing a spike in lending in Indonesia where tens of millions of people have little or no access to bank credit – helping alleviate a financing shortfall estimated at more than $73 billion. The emergence of these
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Home owners with interest-only mortgages are being urged to act now and talk to their bank or building society after the City regulator found many people are yet to discuss repayment options with their lender. Nearly one in five mortgage customers have an interest-only home loan, the Financial Conduct
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There is a paradigm shift being witnessed in Indian real estate. The introduction of RERA, GST coverage for realty (though not fully as yet), demonetisation and the push towards affordable housing has impacted industry players and consumers in different ways. By 2050, it is estimated that an additional
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According to the figures from Mortgage Brain, the price of a loan to value (LTV) three-year fixed rate mortgage at 60% grew by 5% during the final quarter of last year. For a 70% LTV mortgage at a two-year fixed rate, there was a price rise of 4%. The data also showed a 3% increase for an 80% LTV fixed
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Guam – Yesterday's(Tues) public hearing on bill 230, which proposes the repeal of tax exemptions given to the wholesale, insurance and banking industry, lasted for nearly 8 hours. The hearing began with doctors and staff of GMH but after the doctors were done members of the wholesale insurance
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Mariano Rajoy is rallying his troops for a political fightback. But his troops aren't so sure. The Spanish prime minister is encouraging some senior officials to run in regional elections next year as he looks to shore up his People's Party's power base, according to people familiar with his thinking who asked
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It's been both conservative dogma and law for more than 20 years: private companies rather than the government should guide the future of U.S. telecommunications. So it was an unpleasant surprise to many when a draft proposal urging heavy federal involvement in the next generation of fast mobile
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Some lucky invitees were given tickets to President Donald Trump's “State of the Uniom” speech on Tuesday. The Office of the Sergeant at Arms and Doorkeepers is responsible for issuing the State of the Union tickets for spouses and guests of members of Congress to attend the speech—but it appears
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U.K. Mortgage Approvals at 3-Year Low as Housing Market Slows … U.K. lenders approved the fewest mortgages in almost three years in December as a Bank of England interest-rate increase added to the headwinds facing the … The interest rate on new mortgages climbed above 2 percent last month.
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Mortgage approvals slumped to their lowest level in almost three years in December and consumer credit growth crept up again, according to the latest data from the Bank of England. The Bank reported that there were 61,039 approvals for house purchase in the month, down from 64,712 in November
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While banks have come up with numerous reasons to justify the anaemic amount of lending to the sector, what is noteworthy is the fact that where banks have failed, others are moving in. RBI data show that NBFCs have increased their lending to the SME sector by giving out about Rs 680 crore to the
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Bank of England Governor Mark Carney said cryptocurrency payments are often used for money laundering or other illicit activity and he's against users having their identities kept secret from authorities. Carney, who also chairs the global Financial Stability Board, said he wasn't talking about investors
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When Singapore's property market began a slide in end-2013 that lasted for nearly four years, Sentosa was hardest hit. During the downturn, prices for Sentosa Cove apartments fell 35 percent from where they started 2013 compared with a 10 percent drop on the mainland, according to real estate
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Jan 30 (Reuters) – Lender CYBG Plc posted higher mortgage lending in the first quarter, but said growth in the market would ease over the remainder of the financial year 2018. The company, which made its London debut after it was spun off by National Australia Bank, said it continued to expect
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Krilogy Financial LLC raised its stake in shares of Restaurant Brands International by 2,938.5% during the 3rd quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator's stock worth $126,000 after buying an additional 1,910 shares during the period. Cerebellum GP LLC acquired
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Alienated Arabs are increasingly finding work in Jewish areas, a reality almost unheard of a few years ago. By. Gwen Ackerman. @GwenSahar More stories by Gwen Ackerman. and. Fadwa Hodali. More stories by Fadwa Hodali. January 29, 2018, 7:00 PM PST. Jerusalem's Malcha mall was bustling
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“I wasn't expecting this because I don't have any foreign or domestic assets,” he told Bloomberg by telephone. The lists, mandated by Congress in retaliation for election meddling in a law passed last summer over White House objections, had sparked anxiety among Russia's business elite and
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The research firm that produced the so-called Trump dossier during the 2016 election is accusing Senate Judiciary Committee Chairman Chuck Grassley of “knowingly” putting some of its employees in danger and wants the Ethics Committee to investigate. In a letter Monday, lawyers for the
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Evanston Collective founder and president Bobby Burns said Steele was a victim of “predatory reverse mortgage lending practices.” Her husband had taken out a reverse mortgage, allowing him to use their home's value to pay bills and expenses, but when he died, Cook County officials sent Steele an
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Fintech firms, offering loans of as little as a few hundred dollars, are seeing a spike in lending in Indonesia where tens of millions of people have little or no access to bank credit – helping alleviate a financing shortfall estimated at more than $73 billion. The emergence of these peer-to-peer (P2P) lending
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