Denmark Lending – Nordbi http://www.nordbi.org/ Mon, 16 May 2022 14:54:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://www.nordbi.org/wp-content/uploads/2021/04/nordbi-icon-150x150.png Denmark Lending – Nordbi http://www.nordbi.org/ 32 32 China In-Focus — Bank Lending at Four-Year Low; Shanghai aims to reopen more businesses shuttered by COVID http://www.nordbi.org/china-in-focus-bank-lending-at-four-year-low-shanghai-aims-to-reopen-more-businesses-shuttered-by-covid/ Sun, 15 May 2022 10:48:26 +0000 http://www.nordbi.org/china-in-focus-bank-lending-at-four-year-low-shanghai-aims-to-reopen-more-businesses-shuttered-by-covid/

McDonald’s said on Monday it began the process of selling its Russian business, which includes 850 restaurants employing 62,000 people, making it the last major Western company to leave Russia since it invaded Ukraine in February.

The fast-food giant highlighted the humanitarian crisis caused by the war, saying retaining its business in Russia “is no longer tenable, nor in line with McDonald’s values”.

The Chicago-based company announced in early March that it was temporarily closing its stores in Russia but would continue to pay its employees. On Monday, he said he would seek a Russian buyer to hire those workers and pay them until the sale closes.

He did not identify a potential buyer.

CEO Chris Kempczinski said the “dedication and loyalty to McDonald’s” of employees and hundreds of Russian suppliers made the decision to leave difficult.

“However, we have a commitment to our global community and must stay true to our values,” Kempczinski said in a statement, “and our commitment to our values ​​means we can no longer shine the arks there.”

As it tries to sell its restaurants, McDonald’s said it plans to start removing golden arches and other symbols and signs bearing the company’s name. He said he would keep his brands in Russia.

Russia’s first McDonald’s opened in central Moscow more than three decades ago, shortly after the fall of the Berlin Wall. It was a powerful symbol of the easing of Cold War tensions between the United States and the Soviet Union.

McDonald’s was the first American fast food restaurant to open in the Soviet Union, which would collapse in 1991.

McDonald’s decision to leave comes as other US food and beverage giants, including Coca-Cola, Pepsi and Starbucks, have suspended or closed operations in Russia in the face of Western sanctions.

Companies ranging from British energy giants Shell and BP to French carmaker Renault have withdrawn from Russia, dealing a hit to their results as they seek to sell their holdings there.

Other companies have remained at least partially, with some facing a backlash.

McDonald’s said it expected to take a profit charge of between $1.2 billion and $1.4 billion for leaving Russia.

Its restaurants in Ukraine are closed, but the company said it continues to pay full salaries to its employees there.

McDonald’s has over 39,000 locations in over 100 countries. Most are owned by franchisees – only about 5% are company owned and operated.

McDonald’s said leaving Russia would not change its forecast to add 1,300 net restaurants this year, which will contribute about 1.5% to company-wide sales growth.

Last month, McDonald’s said it earned $1.1 billion in the first quarter, up from more than $1.5 billion a year earlier.

Revenue was nearly $5.7 billion.

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Chewing on denim jackets is better than taking mortgages in Uganda http://www.nordbi.org/chewing-on-denim-jackets-is-better-than-taking-mortgages-in-uganda/ Fri, 13 May 2022 15:20:15 +0000 http://www.nordbi.org/chewing-on-denim-jackets-is-better-than-taking-mortgages-in-uganda/

I don’t know if some of you have seen the recently renovated Constitutional Square Gardens, but if you haven’t and you finally see them, right in the middle of them, where the green grass is turns into a concrete driveway, there’s where I’d chew on a denim jacket before taking out a mortgage from a Ugandan bank.
Don’t get me wrong, denim jackets aren’t a fantastic delicacy, but on a menu with Ugandan mortgages, they’re not only attractive, they’re the best option.

Ugandan mortgages share two common aspects; they have a term of 20-25 years at many banks and are usually priced with an interest rate of 18-25% depending on the bank you choose. In the rare event that the sun rises early, Housing Finance, a bank partly owned by the Ugandan government, offers an interest rate of 16%.
There are many ways to approach the problem of mortgages in the country, but none will be as important as the cost of money. The cost of raising funds for mortgages and distributing that money and recovering it at a profit determines, in large part, how the banks arrive at their atrocious and execrable interest rates.

It is currently estimated that there are approximately 10,000 active mortgages in the country. If each mortgage is valued at 200 million shillings on average, that’s 2 trillion shillings of other people’s savings floating around. The banks can only lend according to the savings made on their drawings. So that must be 2 trillion shillings in savings.
Mortgage lending only improves in countries with a high savings culture; and currently the best mortgages at least by estimation are issued in Japan, Finland, Denmark etc….
The cost of money in these countries is cheap due to the high savings cultures of these countries. It’s no wonder, then, that when World Savings Bank data relates to GDP, these countries again come out on top.

But the second, equally important point is that countries can only improve their culture of saving by improving the economic conditions of their people and increasing their life expectancy. It is important to stay on earth long enough. Not only do you see a lot, but you also do a lot and earn a lot more money.
In Uganda, with a lifespan of 63 years, it can be difficult to convince a bank when you are 40 years old [The average age at which people take on mortgages] that you will give them their money back in 25 years. When all the data on the books shows that your income will decline, a hospital bill will make your income absent, and your death will tear the family apart in squabbles over your wealth.

These things that we don’t know about in this country largely determine how risk profiles are set, they determine how people put their money in the bank for a long term stay and also determine how the rate of final interest on the mortgage is established.
This is why some, including your columnist, have pleaded against mid-term access and also continue to plead for the early retirement of civil servants and private sector employees.
URBRA’s recent effort to get 50% of the pension as collateral for mortgages seems like a valid argument, but overall it’s bad economics and will do very little to reduce the risk of mortgages.

All data and science show that better well-being in education and health produces better living conditions and guarantees longevity of life, that longevity guarantees longer saving periods which then serve reduce the risk on the money lent. The government doesn’t have to believe me on this, it just has to choose the data collected by the Bank of Uganda on lending practices.
But also, if you live long enough, denim jackets are out of fashion and you don’t have to chew them up in Constitutional Square.

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VersaBank (NASDAQ:VBNK) and Nordea Bank Abp (OTCMKTS:NRDBY) Critical Survey http://www.nordbi.org/versabank-nasdaqvbnk-and-nordea-bank-abp-otcmktsnrdby-critical-survey/ Fri, 13 May 2022 05:35:47 +0000 http://www.nordbi.org/versabank-nasdaqvbnk-and-nordea-bank-abp-otcmktsnrdby-critical-survey/

VersaBank (NASDAQ: VBNK – Get Rating) and Nordea Bank Abp (OTCMKTS: NRDBY – Get Rating) are both finance companies, but which company is superior? We’ll compare the two companies based on their dividend strength, institutional ownership, valuation, earnings, analyst recommendations, risk and return.

Benefits and evaluation

This table compares the gross revenue, earnings per share and valuation of VersaBank and Nordea Bank Abp.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
VersaBank $75.30 million 2.96 $17.80 million $0.74 10.97
Nordea Bank Abp $11.62 billion 3.15 $4.53 billion $0.96 9.94

Nordea Bank Abp has higher revenue and profit than VersaBank. Nordea Bank Abp trades at a lower price-to-earnings ratio than VersaBank, indicating that it is currently the more affordable of the two stocks.

Dividends

VersaBank pays an annual dividend of $0.08 per share and has a dividend yield of 1.0%. Nordea Bank Abp pays an annual dividend of $0.47 per share and has a dividend yield of 4.9%. VersaBank pays 10.8% of its profits as a dividend. Nordea Bank Abp distributes 49.0% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years.

Analyst Notes

This is a summary of recent recommendations for VersaBank and Nordea Bank Abp, as provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
VersaBank 0 0 0 1 4.00
Nordea Bank Abp 1 4 5 0 2.40

Nordea Bank Abp has a consensus target price of $52.66, suggesting a potential upside of 451.99%. Given the likely higher upside of Nordea Bank Abp, analysts clearly believe that Nordea Bank Abp is more favorable than VersaBank.

Profitability

This table compares the net margins, return on equity and return on assets of VersaBank and Nordea Bank Abp.

Net margins Return on equity return on assets
VersaBank 23.07% 10.16% 1.28%
Nordea Bank Abp 34.47% 10.87% 0.65%

Institutional and insider ownership

24.3% of VersaBank shares are held by institutional investors. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a stock is poised for long-term growth.

Summary

Nordea Bank Abp beats VersaBank on 9 out of 15 factors compared between the two stocks.

About VersaBank (Get a rating)

VersaBank, a Schedule I chartered bank, offers various banking products and services in Canada. The Company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts and tax-free savings accounts, as well as deposit insurance. It also provides lending services, including point-of-sale financing which involves the purchase of loans and leases from financial companies operating in various sectors; and commercial banking services including commercial real estate, public sector/infrastructure financing, condominium financing and residential mortgages. The company was previously known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.

About Nordea Bank Abp (Get a rating)

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark and internationally. It operates through Personal Banking, Business Banking, Corporates and Institutions, and Asset and Wealth Management segments. The Personal Banking segment provides various financial services to residential customers through internet and mobile banking, telephone, online meetings and branches. The Business Banking segment offers payment, cash management, cards, working capital management and financing solutions to businesses and individuals. The Corporate and Institutional segment provides financing, cash and payment management, investment and securities banking, and capital market products to corporate and institutional customers. The Asset and Wealth Management segment provides investment, savings and risk management solutions to high net worth individuals and institutional investors. This segment also offers life and retirement products and services. The company was founded in 1820 and is headquartered in Helsinki, Finland.



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Credit Risk Management Software Market to Witness Huge Growth by 2027: IBM, Misys, Kyriba http://www.nordbi.org/credit-risk-management-software-market-to-witness-huge-growth-by-2027-ibm-misys-kyriba/ Thu, 05 May 2022 20:11:15 +0000 http://www.nordbi.org/credit-risk-management-software-market-to-witness-huge-growth-by-2027-ibm-misys-kyriba/

This press release was originally distributed by SBWire

New Jersey, United States – (SBWIRE) – 05/05/2022 – Latest published study on Global Credit Risk Management Software Market by AMA Research assesses market size, trend and forecast till 2027. The Credit Risk Management Software Market study covers research data and evidence to act as a handy reference document for managers, analysts, industry experts, and other key individuals to to have a ready-to-access and self-analyzed study to help understand market trends, growth drivers, upcoming opportunities and challenges and about competitors.

Key players in this report include:
IBM (US), Oracle (US), SAP (Germany), Experian plc (Ireland), Misys (Finastra) (UK), Fiserv, Inc (US), ACTICO GmbH (Germany), Kyriba Corp. (US), Pegasystems Inc. (US), GDS Link (US)

Download Sample PDF Report (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/94670-global-credit-risk-management-software-market

Definition:
Credit risk management software enables credit risk analysis, it helps to automate the lending and decision-making process in credit offers with continuous risk monitoring. The software provides features such as financial statements, compliance management, portfolio management, reporting, etc. for a flexible framework for implementing internal ratings and rating models.

Market trends:
– Software integration with different credit management tools

Market factors:
– Application for automation of credit risk management operations
– Increasing credit risks in financial transactions

Market opportunities:
– Growing awareness of credit risk
– Demand for credit risk management software in developing countries

The Global Credit Risk Management Software Market segments and market data breakdown are illustrated below:
by application (small business, medium business, large business, other), pricing option (monthly subscription, annual subscription, single license), deployment (on-premises, cloud), features (compliance management, loan portfolio management, portfolio modeling, Reporting/Analytics, Others)

The Global Credit Risk Management Software Market report highlights information regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders take sound decisions that can help ensure the trajectory of earnings over the forecast years.

You have a question ? Start a survey before purchase @ https://www.advancemarketanalytics.com/enquiry-before-buy/94670-global-credit-risk-management-software-market

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
– The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
– North America (United States, Mexico and Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
– To carefully analyze and forecast the Credit Risk Management Software market size by value and volume.
– -To estimate the market shares of major segments of the Credit Risk Management Software market.
– To present the Credit Risk Management Software market development in different parts of the world.
–- To analyze and study the micro markets in terms of their contributions to the Credit Risk Management Software market, their prospects, and individual growth trends.
– -To offer accurate and helpful details about factors affecting the Credit Risk Management Software market growth.
– -To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Credit Risk Management Software market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers , new developments and product launches.

Buy Complete Assessment of Credit Risk Management Software Market Now @ https://www.advancemarketanalytics.com/buy-now?format=1&report=94670

Main highlights of the table of contents:
Credit Risk Management Software Market Research Coverage:
– It includes major manufacturers, emerging player’s growth story, and major business segments of Credit Risk Management Software market, years considered, and research objectives. Further, segmentation based on product type, application, and technology.
– Executive Summary of Credit Risk Management Software Market: It provides a summary of global studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, along with indicators macroscopic.
– Credit Risk Management Software Market Production by Regions Credit Risk Management Software Market Profile of Manufacturers-players is studied on the basis of SWOT, their products, production, value, their finances and other vital factors.
– Key points covered in the Credit Risk Management Software market report:
– Overview, Definition and Classification of Credit Risk Management Software Market Drivers and Barriers
– Credit Risk Management Software market competition by manufacturers
– Impact Analysis of COVID-19 on the Credit Risk Management Software Market
– Credit Risk Management Software Capacity, Production, Revenue (Value) by Region (2022-2027)
– Credit Risk Management Software Supply (Production), Consumption, Export, Import by Region (2022-2027)
– Credit Risk Management Software Market Analysis by Application {Small Business, Medium Business, Large Business, Others}
– Credit Risk Management Software Manufacturers Profiles/Analysis Credit Risk Management Software Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy & Downstream Buyers, Marketing
– Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

Browse Full Summary & TOC @ https://www.advancemarketanalytics.com/reports/94670-global-credit-risk-management-software-market

Answers to key questions
– How feasible is the Credit Risk Management Software Market for long-term investments?
– What are the factors influencing the demand for credit risk management software in the near future?
– What is the impact analysis of various factors on the growth of the global Credit Risk Management Software market?
– What are the recent regional market trends and how successful are they?

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.

Contact us:
Craig Francis (Public Relations and Marketing Manager)
AMA Research & Media LLP
Unit #429, Parsonage Road Edison, NJ
New Jersey United States – 08837
Telephone: +1 (206) 317 1218
[email protected]

For more information on this press release, visit: http://www.sbwire.com/press-releases/credit-risk-management-software-market-to-witness-huge-growth-by-2027-ibm -misys-kyriba-1357180.htm

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AeroCRS and WorldTicket join 777 Partners travel portfolio following strategic acquisitions http://www.nordbi.org/aerocrs-and-worldticket-join-777-partners-travel-portfolio-following-strategic-acquisitions/ Thu, 05 May 2022 12:16:00 +0000 http://www.nordbi.org/aerocrs-and-worldticket-join-777-partners-travel-portfolio-following-strategic-acquisitions/

Joshua WanderFounder and Managing Partner of 777 Partners, said: “The changes within the travel industry have created an unprecedented opportunity for a new wave of highly disruptive companies focused on the latest retail technologies to partner with the wider travel community. We are delighted to welcome the talented teams from AeroCRS and WorldTicket to the 777 family as we execute on our exciting travel strategy through 2022 and beyond. »

777 Partners also leases aircraft and deploys technology solutions to its dynamic portfolio of airline investments, including Flair in Canada and the Australian start-up Bonza. With the 2019 acquisition of Air Black Box, an interlining technology company, the addition of AeroCRS and WorldTicket will form a new travel group offering a suite of disruptive technology products to airlines and travel agencies worldwide entire. The acquisitions are part of 777 Partners’ $100 million commitment to the travel vertical and supporting the post-pandemic travel rebound and industry restructuring through disruptive new technology opportunities.

Founded in 2006, IsraelAeroCRS, based at AeroCRS, offers several travel-related products, including inventory management, reservations, and flight/fare management technology. The proven technology and product line have seen significant adoption over the past two years as the aviation industry reviews its partnerships and distribution strategies. With cloud-based technology and NDC Level 4 technology at its core, AeroCRS already hosts 90 airlines worldwide, with eight more in advanced implementation stages.

Meir Hadassi Turner, CEO and Founder of AeroCRS, said, “We are excited to embark on our next stage of exciting growth with 777 Partners. Adjacent synergies across the investment portfolio are significant and combined with 777’s proprietary technology and talent, we will create a new travel group and suite of travel solutions to support start-up growth and transformation. global, low-cost, full-service carriers of all sizes.”

Acquisitions were conducted by Josh Wander and Steve Pascothe founders of 777 Partners, and Adam WeissCEO of the company’s travel group which oversees all aviation and travel investments.

“Over the past two years, we have focused on architecting and building a platform of interoperable, modular products that enable airlines, airports and other travel agencies to evolve their business models and regain control of passenger relationships by breaking free from legacy systems. These acquisitions significantly advance this effort.” mentioned Adam Weiss.

For more information about the 777 Partners travel group or to speak to an executive, please contact vanessa horwell to [email protected]

About AeroCRS

AeroCRS has provided technology services and distribution connectivity to more than 90 travel agencies worldwide since 2006. Its technology solutions include inventory management, yield and revenue management, fare and class management, Open API, B2C and B2B platform, tariff mark, FFP, BI platform, report center and many more technology services. In addition to basic software services, AeroCRS invented the AeroCRS network. The Network is an online distribution platform for airlines based on global API integrations to over 20 distribution channels. Any airline using the AeroCRS network can increase its sales and increase its distribution reach, regardless of the PSS (Passenger Service System) solution it uses.

About WorldTicket

WorldTicket is a leading provider of Passenger Service Solutions (PSS) for airlines of all business models. Since 2002, the company has developed innovative and flexible IT solutions for airlines and currently serves more than 75 airlines worldwide. WorldTicket is headquartered in Copenhagen and has offices in Miami, bangkok, Warsaw, Kyiv and beijing. The global organization setup enables 24/7 support for all airline customers across all time zones. WorldTicket is the only PSS provider to have acquired its AOC holding airline, FlexFlight, with IATA code W2. It allows the innovative company to sub-host any airline in the GDS without lengthy implementation times or upfront investments.

About 777 partners

777 Partners is a Miamiis a New York-based alternative investment firm that invests in several attractive, high-growth vertical markets. Founded in 2015, 777 Partners invests strategically in six major sectors: insurance; consumer and business finance; litigation funding; direct loan; sports, media and entertainment; and aeronautics. In sports, notable investments include Genoa FC, a major stake in Sevilla FC, one of spain most prestigious and successful football clubs, and the London Lions, London only team in the British Basketball League squad. In travel, investments include AeroCRS, WorldTicket, Air Black Box and ultra-low-cost carriers Flair and Bonza.

Photo – https://mma.prnewswire.com/media/1810163/777_Partners_AeroCRS_and_WorldTicket_acquisition_20220504.jpg

SOURCE 777 Partners

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Online Loan Market Will See Huge Growth By 2027: Zopa, Daric, Pave http://www.nordbi.org/online-loan-market-will-see-huge-growth-by-2027-zopa-daric-pave/ Thu, 28 Apr 2022 20:11:24 +0000 http://www.nordbi.org/online-loan-market-will-see-huge-growth-by-2027-zopa-daric-pave/

This press release was originally distributed by SBWire

New Jersey, USA – (SBWIRE) – 04/28/2022 – The latest published study of the Global Online Lending Market by AMA Research assesses the market size, trend and forecast to 2027. Online Loans Market research covers important research data and evidence to be a handy reference document for managers, analysts, industry experts and other key people to have a study ready to access and self-analyzed to help understand market trends, growth drivers, upcoming opportunities and challenges and about competitors.

Key players in this report include:
LendingClub Corporation (US), Funding Circle Limited (UK), CommonBond Inc. (US), Upstart Network Inc. (US), Social Finance Inc. (US), Zopa (UK) Uni), Daric Inc. (US), Pave Inc. (US), Mintos Marketplace AS, Lendix, SA (France), RateSetter (UK)

Download Sample PDF Report (including full TOC, Table and Figures) @ https://www.advancemarketanalytics.com/sample-report/59032-global-online-lending-market

Definition:
Due to the upsurge in international trade as well as the growth of digital infrastructure, a significant demand will be generated for online lending platforms, also known as social lending and P2P lending. It provides direct lending between individuals or organizations through online platforms. These persons include legal persons, natural persons or other small and large enterprises. Since the global online lending platform market is in the introduction phase of the product lifecycle, the rapid growth of online lending will be witnessed in the coming years. Moreover, the introduction of highly advanced digital lending systems along with the availability of alternative financial channels will further increase the demand for online lending platforms.

Market trends:
– Growing availability of user-friendly online lending platforms
– Introduction to automated systems with capabilities such as risk determination and credit scoring

Market factors:
– Growing applications of online lending in real estate related transactions
– Provides financial stability to small and large businesses as well as individuals
– A real-time comparison between many lenders is possible

Market opportunities:
– Growing awareness of the pros and cons of online lending over traditional lending
– Stable demand from developing countries like India and China since last year

The Global Online Lending Market Segments and Market Data Breakdown are illustrated below:
by business model (traditional P2P model, lending market model), services (consumer credit, small business, student loan, real estate), end users (individuals, enterprises), deployment (on-premises, cloud-based), end-use industries (Small and Medium Enterprises (SMEs), Large Enterprises)

The Global Online Lending Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders make sound decisions that can help ensure the trajectory of earnings over the forecast years.

You have a question ? Market Demand Before Buy @ https://www.advancemarketanalytics.com/enquiry-before-buy/59032-global-online-lending-market

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
– The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
– North America (United States, Mexico and Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
– -To carefully analyze and forecast the Online Loans market size by value and volume.
– -To estimate the market shares of the main segments of the online lending market.
– -To present the development of the Online Loans market in different parts of the world.
– -Analyze and study the micro markets in terms of their contributions to the Online Lending market, their prospects, and individual growth trends.
– -To offer accurate and helpful details about factors affecting the Online Loans market growth.
– -To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Online Lending market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.

Buy Now Full Online Lending Market Assessment @ https://www.advancemarketanalytics.com/buy-now?format=1&report=59032

Main highlights of the table of contents:
Online Loan Market Research Coverage:
– It includes major manufacturers, emerging player’s growth story and major business segments of Online Loans market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
– Executive Summary of Online Lending Market: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, together with macroscopic pointers.
– Online Loans Market production by Region Online Loans Market profile of manufacturers-players is studied based on SWOT, their products, production, value, financials and other factors vital.
– Key points covered in the Online Lending market report:
– Overview, Definition and Classification of Online Loans Market Drivers and Barriers
– Online Loans market competition by manufacturers
– Analysis of impact of COVID-19 on the online lending market
– Online Lending Capacity, Production, Revenue (Value) by Region (2022-2027)
– Online Loan Supply (Production), Consumption, Export, Import by Region (2022-2027)
– Online Loans Manufacturers Profiles/Analysis Online Loans Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy & Downstream Buyers, Marketing
– Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

Browse Full Summary & TOC @ https://www.advancemarketanalytics.com/reports/59032-global-online-lending-market

Answers to key questions
– How feasible is the online loan market for long-term investment?
– What are the factors influencing online loan application in the near future?
– What is the impact analysis of various factors on the growth of the global Online Lending Market?
– What are the recent regional market trends and how successful are they?

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.

Contact us:
Craig Francis (Public Relations and Marketing Manager)
AMA Research & Media LLP
Unit #429, Parsonage Road Edison, NJ
New Jersey United States – 08837
Telephone: +1 (206) 317 1218
[email protected]

For more information on this press release, visit: http://www.sbwire.com/press-releases/online-lending-market-to-see-huge-growth-by-2027-zopa-daric-pave -1356849.htm

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India In-Focus – LIC to move forward with IPO; ONGC struggles to transport Russian oil http://www.nordbi.org/india-in-focus-lic-to-move-forward-with-ipo-ongc-struggles-to-transport-russian-oil/ Wed, 27 Apr 2022 10:15:49 +0000 http://www.nordbi.org/india-in-focus-lic-to-move-forward-with-ipo-ongc-struggles-to-transport-russian-oil/

Crypto Moves – Bitcoin, Ether Down; Robinhood is downsizing; Revult eyes expansion into crypto wallets

RIYADH: Bitcoin, the leading cryptocurrency internationally, was trading lower on Wednesday, down 4.42% to $38,816 as of 10:45 a.m. Riyadh time.

Ether, the second most traded cryptocurrency, was priced at $2,879, down 4.26%, according to data from Coindesk.

Mining Report Shows Bitcoin Electricity Consumption Decreased by 25% in Q1 2022

The bitcoin mining industry continues to improve its sustainable energy use and technological efficiency, according to the latest report from the Bitcoin Mining Council, or BMC.

At the end of May last year, Elon Musk, founder and CEO of SpaceX and Tesla, convinced Bitcoin industry leaders to form a BMC and in mid-July he launched his utilities and website.

The BMC survey for the first quarter of 2022 presents three measures which include: “electricity consumption, technological efficiency and sustainable energy mix”.

BMC researchers were able to probe nearly 50% of the network’s hash power on March 31, 2022.

The survey indicated that 64.6% of all respondents benefit from electricity with a sustainable energy mix, Bitcoin.com reported.

“Based on this data, the global bitcoin mining industry’s sustainable power mix is ​​estimated to be now 58.4% or up approximately 59% year-over-year from the first quarter. from 2021 to the first quarter of 2022, making it one of the most sustainable industries in the world,” the BMC said in the report.

Michael Saylor, CEO of Microstrategy – an American company that provides business intelligence, mobile software and cloud-based services – also made a statement in BMC’s fourth quarterly report.

“In the first quarter of 2022, the hashrate and associated security of the Bitcoin network improved by 23% year-on-year, while power consumption decreased by 25%,” Saylor said.

He added: “We have seen a 63% increase in efficiency year over year due to advances in semiconductor technology, the rapid expansion of North American mining , the Chinese exodus, and the global adoption of sustainable energy and modern bitcoin mining techniques.”

Robinhood will reduce its workforce

Retail platform Robinhood Markets Inc. said on Tuesday it was laying off about 9% of its full-time employees, sending its shares down 5% in extended trading.

The company, which reports quarterly results later this week, said rapid headcount growth has led to the duplication of some roles and functions.

As of December 31, the company’s total workforce was 3,800 people.

Robinhood’s easy-to-use interface has made it a hit with young investors who trade from home in cryptocurrencies and stocks such as GameStop Corp. during the COVID-19 pandemic.

“We will continue to accelerate our product momentum through 2022 and introduce key new products in brokerage, crypto, and spending/savings,” CEO Vlad Tenev wrote in a blog post.

Revolut eyes expansion into crypto wallets and mortgages

Digital banking platform Revolut is working to expand into decentralized cryptocurrency wallets and is also looking into the mortgage sector, its CEO has said, as the London-based company continues its strategy to become a so-called “ super app.

Revolut, which currently offers payment, crypto-trading, savings account and stock trading services, is focused in the near term on expanding its remittance offerings and launching a product buy now, pay later.

But the fintech company still has work to do to become a one-stop-shop for financial services, CEO Nik Storonsky said.

“For example…decentralized wallets, and allowing deposits, withdrawals of crypto [and] staking, lending – that’s another element we’re missing and working on,” he told Reuters.

He added that it’s also important for the company to consider expanding into mortgages, as home loans “are a pretty big part of consumers’ financial lives.”

Fidelity to enable bitcoin retirement savings allocation in 401(k) accounts

Fidelity Investments said on Tuesday that it will allow individuals to allocate a portion of their retirement savings in Bitcoin through their 401(k) investment plans, becoming the first major retirement plan provider to do so.

The family-controlled asset manager said MicroStrategy Inc., a major Bitcoin backer, will be the first employer to use the new product, which will be made available to other employers by the middle of the year.

With the new offering, employees will be able to invest in Bitcoin through a digital asset account as part of the basic range of their 401(k) plans, Fidelity said.

Fidelity also said Newfront, a provider of retirement advisory services, said the DAA will help meet a growing need among its customer base.

Plan sponsors will be able to decide employee contributions into the DAA and set limits on the exchange of those contributions for Bitcoin, Fidelity said, adding that additional updates on the new offering will be available in the coming months.

(With contributions from Reuters)

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Sydbank A/S reports Q1 2022 earnings and revises http://www.nordbi.org/sydbank-a-s-reports-q1-2022-earnings-and-revises/ Mon, 25 Apr 2022 15:23:33 +0000 http://www.nordbi.org/sydbank-a-s-reports-q1-2022-earnings-and-revises/

Company Announcement No. 16/2022

Peberlik 4
6200 Åbenraa
Denmark

Tel +45 70 10 78 79
Fax +45 74 37 35 36

Sydbank A/S
CVR No DK 12626509, Aabenraa
sydbank.dk

April 25, 2022

Dear sirs

Statement from Sydbank A/Ss its Q1 2022 results and revises up her waitings for the benefit of the year 2022

Due to a very satisfactory start to 2022 with strong growth in bank loans and advances from DKK 4.6 billion to DKK 71.6 billion as well as a high level of activity, the profit expectation for the year is revised upwards to within the range of DKK 1,350 to 1,550 million. As part of the publication of the 2021 Annual Report on March 2, 2022, we announced that we expect a profit after tax in the range of DKK 1,150-1,450 million for 2022.

Revenue statement

million DKK Q1
2022
Q1
2021
Hint
22/21
Full year
2021
basic income 1,200 1,105 109 4,436
Commercial income 100 73 137 291
Total Income 1,300 1,178 110 4,727
Costs, basic income 799 833 96 3,177
Heart earnings before deficiency 501 345 145 1,550
Impairment of loans and advances, etc. (61) (81) 75 (415)
Heart earnings 562 426 132 1,965
Income from investment portfolio (29) (21) 138 (21)
Earnings before non-recurring items 533 405 132 1,944
Non-recurring items, net 37 (32) (180)
Profit before tax 570 373 153 1,764
Tax 125 82 152 353
Benefit for the period 445 291 153 1,411

Heart Income

million DKK Q1
2022
Q1
2021
Hint
22/21
Full year
2021
Net interest, etc. 492 434 113 1,776
Mortgage credit 183 176 104 693
Payment services 51 47 109 203
Remortgage and loan fees 61 53 115 169
Commission and brokerage 130 134 97 470
Commission etc. investment funds and group pension plans 82 83

99

340

Asset Management 89 89 100 380
Securities account fees 33 25 132 115
Other exploitation products 79 64 123 290
Total 1,200 1,105 109 4,436

Impairment of loans and advances, etc.
Due to the changing financial situation of customers, a net reversal of impairment charges of DKK 61 million was recorded in the first quarter of 2022. Impairment charges for 2022 are still expected to be at a low level. Management estimates at the end of 2021 remained unchanged at the end of the first quarter of 2022. This applies to the provision of DKK 325 million related to covid-19 as well as the provision of DKK 60 million related to the ‘Pig breeding.

Non-recurring items, net
Non-recurring items in the first quarter of 2022 total net income of DKK 37 million.

The item includes costs of DKK 12 million related to the development of housing loan processes and DKK 2 million related to the development of the bank/insurance partnership. In addition, DKK 51 million was recognized as income for extraordinary capital gains realized on the loan portfolio acquired from Alm. Brand bank.

Sydbank’s Interim Report – Q1 2022 will be released on May 4, 2022 as scheduled.

Further information
Jørn Adam Møller, Deputy Group Managing Director, tel +45 74 37 20 30
Susanne Ingemann Faber, press officer, tel. +45 26 29 11 29

]]> Circle the globe; Anchor vs. Nespray competition – The Island http://www.nordbi.org/circle-the-globe-anchor-vs-nespray-competition-the-island/ Sat, 23 Apr 2022 23:31:40 +0000 http://www.nordbi.org/circle-the-globe-anchor-vs-nespray-competition-the-island/

Sumi Moonesinghe linked to Savithri Rodrigo

When I first started making it onto my post-retirement travel list, one of my most memorable trips was the European vacation I had with some girls in 2000. Aushi had just graduated and Anarkali decided to take her annual leave. We chose the small fishing village of Portofino in Italy, but given the touristy nature of the village, hotels within were incredibly expensive. After some research, we settled on a hotel in the nearby bay area which was much more affordable and within walking distance of Portofino.

We flew from London to Florence, hired a car and drove to Portofino via Pisa. As Portofino is located on the coastline of the Italian Riviera, the village has started to attract well-to-do tourists, which is very evident in the large number of super-yachts lined up in the harbour. There were plenty of seafood restaurants to feed our penchant for seafood, and walking around the 16th century fortress was very relaxing.

The girls slept in until 11 a.m. each day, while I took my usual walk along the beach, popped into an art exhibit or two, and window-shopped. I only peeked into the high end shops, not daring to enter as they were overpriced. But I gave in to a temptation. I saw a store selling Frette linen, the crème de la crème of bedding in the world. I walked in and bought a set for my bed.

While in Portofino, I joined the Cinque Terre tour, the five-century-old seaside village, which was utterly picturesque with its colorful houses, vineyards, trattorias and ports. I will never forget walking along these cobbled streets and being mesmerized by the absolutely stunning buildings overlooking the sea.

After a week of this bliss, we drove to Milan airport and dropped Anarkali off for her flight to London. Aushi and I went to Monaco to meet a friend at Café de Paris in Monte Carlo, the outdoor restaurant in Place du Casino, which is one of my favorite places. We had lunch, drove to the airport, dropped off our car and flew to Paris, staying at the Hotel de Crillon. Aushi and I explored Paris for the next few days.

We would be window shopping all morning and stop for a late lunch of salad and afternoon tea at a cafe on Saint Honoré. During our walks, I was very upset to discover a Buddha Bar behind our hotel and called my brother-in-law, Mangala Moonesinghe, who was our High Commissioner in London at the time, to protest this indignity . However, my daughter looked at me and said, “Buddha is a philosopher, not a god. If it was a Da Vinci statue, would you object? She was right.

When I came home from that trip with my precious set of Frette sheets, I asked Daya, who had been the girls’ nanny but stayed with us long after they stole the nest, to pick it up. wash it and put it on the bed the same night. I liked those sheets so much that I didn’t want her to put any more sheets on the bed. So every time she changed the linen, poor Daya had to wash, iron and make my bed with the sheets, all in one day.

In the weeks and months that followed, she kept asking me to get her another set of Frette linens, so she wouldn’t have to run that laundry marathon regularly. I didn’t dare tell him that the reason we only had one set was because it was so expensive and I wasn’t going to buy another one.

Even though I worked during the girls’ growing years, Susil and I always made sure to take them on vacation somewhere overseas. In fact, from the time Anarkali was born and we had to travel even for business, Susil always took her with us, no matter how difficult it was to have a baby and then a toddler who we followed everywhere we went. He wouldn’t hear of leaving her in Colombo without us, even though my sister Roni, my mother and the nannies were doing just fine.

So from an early age, they were accustomed to travel and quickly got into the heart of the matter. From California to Florida – with Disneyworld and Disneyland of course – to Japan, Italy, Switzerland, Norway, the Netherlands, Denmark and France, they’ve been around. We sometimes traveled home via Hong Kong and Singapore, to our friends Primus and Helen, who were like adoptive parents to the girls when I had to move them to Singapore during the JVP insurgency.

Since my childhood, I have always been fascinated by driving. As soon as I turned 18, I wanted to get my license. When I told my parents about it, they said, “We don’t even have a car. Why do you want to get a driver’s license? When I moved to Colombo, that determination to get my license grew stronger. I signed up for driving lessons at Lionel Learners, learned to drive, passed my test and got my license.

Once Susil and I started dating, I told him about my passion for driving. He took me to the Katukurunda race track. This is where I first tasted speed on a track. I was in heaven. He often took me on the track, accompanied by his brother Nimal and his wife Sita because “four is a crowd”. This was when our relationship was still secret and Susil and I weren’t meant to be seen together as a couple. Therefore, whenever we traveled, driving was what I indulged in. I walked hundreds of miles, never feeling tired but always absolutely elated.

My thrill of speed was fueled by watching all the Grand Prix races, sitting glued to the TV until I saw the final checkered flag and the medal ceremony too. When Lewis Hamilton arrived on the track, I became quite obsessed. I watched every race and also bought his book and read it cover to cover.

So when my friends Christina and Ong Beng Seng, who knew my Grand Prix obsession all too well, got the franchise for the Singapore Grand Prix, they asked me if I wanted to come to Singapore. I was delighted. I asked them to reserve a box for Friday, Saturday and the grand finale on Sunday.

We visited Tara in Australia before heading to Singapore for the Grand Prix. I had invited my friends Bri and Ramani Ponnambalam, who were both avid runners and racing enthusiasts, and Duke and his family from England. Anarkali and Aushi also invited their friends. All that excitement was for Lewis Hamilton, who we only got a glimpse of because we were close to his pit stop – but it was a great three days on the track.

I have always spent holidays with Susil, or the girls or one or a few of my girlfriends. But there came a time when I decided to travel alone. The girls didn’t encourage this sudden streak of independence, but I was fixated on a solo trip instead. The idea came to me when I visited former Nestlé country manager Andreas Schlapfer, who later became global president of Nestlé.

Andreas was married to Sandra who was American and they had a daughter. I often visited them in Switzerland, staying in their charming house which overlooked the Nestlé headquarters. Some may find it strange that I cultivated such a strong friendship with the chef of my main rival in the powdered milk business, but it was actually through this competition that we became such good friends. He always called me “Sumi Dearest”.

Andreas was stationed in Colombo with a No. 1 status firmly established for Nespray, when in 1984 I entered the milk powder market with Anchor, promising to push Nespray from that pedestal. I often met him when he was in Colombo and he joked that Anchor was no competitor for the power of Nespray. As the big battle between Nespray and Anchor escalated, Andreas moved to Nestlé in Thailand.

Andreas had already left Sri Lanka when, just two years after Anchor entered the market, Anchor triumphed in the Great Battle of Milks. The twin forces of having Rosy Senanayake as the face of Anchor where the whole country knew her as the ‘Mother Anchor’ and a hyped slogan ‘Fresh pastures from New Zealand’, pushed Anchor into the No. 1 slot in 1986 For years later, Andreas would jokingly say, “Sumi Dearest, ‘if I was in Colombo, you would never have beaten Nestlé.”

And in hindsight, I know he would never have allowed the business I founded to be sold to the New Zealand Dairy Board either – not after I had captured 70% market share. It was therefore while staying with them in 2018 that I decided to make this solo trip, reliving a memorable trip that we, as a family, had made in 1988.

Anarkali and Aushi should not be moved by their decision that I could not and would not travel alone. I was 73 and they kept trying to talk me out of it, talking about illness that could happen to me and all the travel horror stories they could tell. But I shouldn’t be shaken. It was my first trip alone and I wanted to feel that sense of independence and freedom. The girls finally gave in because I assured them that I would be texting four times a day and also had insurance against all eventualities. They were appeased.

Then I informed Andreas and Sandra of my plans – I wanted to travel to Zermatt, take the Glacier Express from St. Moritz and cut through Lucerne, Interlaken and Geneva, then arrive in London for my return trip to Colombo. Andreas patiently listened to my itinerary and said, “No Sumi Dearest, you’re not doing the trip that way. Let me organize it for you.

Andreas got to work. Its route included the highly efficient Swiss rail system which ran through the Gotthard tunnel, the longest and deepest rail tunnel in the world connecting northern and southern Europe. It had just been opened and he wanted me to experience traveling through this tunnel. He also made sure that I would not be encumbered with my luggage; it would be delivered directly to the hotel.

I started my journey, really excited and full of joy that I was doing this journey totally by myself. After crossing the bowels of the earth in the Gotthard tunnel, I took the boat on Lake Lucerne and then went to Interlaken by train, which descends in switchbacks and takes multiple tight turns.

When I arrived in Interlaken, I visited Jungfrau – the highest station in the world located at around 2,500 meters above sea level with its majestic backdrop of ice, snow and rock. I stayed at the Beau Rivage hotel where we had stayed before and which gave me many memories. When I revisited each of the places we had been, I took photos and sent them to the girls, hoping they would also relive this vicarious journey through me.

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Global Digital Lending Platform Market (2022 to 2027) – With Black Knight, CU Direct and Fiserv, among others – ResearchAndMarkets.com http://www.nordbi.org/global-digital-lending-platform-market-2022-to-2027-with-black-knight-cu-direct-and-fiserv-among-others-researchandmarkets-com/ Fri, 22 Apr 2022 10:39:00 +0000 http://www.nordbi.org/global-digital-lending-platform-market-2022-to-2027-with-black-knight-cu-direct-and-fiserv-among-others-researchandmarkets-com/

The report “Global Digital Lending Platform Market (2022-2027) by Offerings, Service Point, Deployment Mode, Geography, Competitive Analysis and Covid-19 Impact with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.

The Global Digital Lending Platforms Market is estimated to be worth USD 16.23 Billion in 2022 and is projected to reach USD 55.53 Billion by 2027, growing at a CAGR of 27.89%.

Market dynamics are forces that are impacting pricing and stakeholder behaviors in the global Digital Lending Platform market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of – Americas)

  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest MEA.

  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Why buy this report?

  • The report offers a comprehensive assessment of the global Digital Lending Platform market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Market dynamics

Drivers

  • Growing demand for automation in the money lending process

  • Increased Government Initiatives for Digital Lending Platform Adoption

  • The rise of the multi-channel collection service

  • Increased need to reduce bad debts and maintain an accurate borrower profile

Constraints

  • Increased reliance on traditional lending methods

  • High maintenance and investment cost

Opportunities

  • Specialized applications of AI/ML

  • Growing demand for commercial and consumer debt collection services

  • Increasing use of analytics-based collection templates

Challenges

  • Lack of digital literacy in underdeveloped countries

  • Network connectivity and infrastructure issues

  • Data security and privacy concerns due to increased cyberattacks

  • Lack of real-time collaboration between borrower and collector

Market segmentation

The global digital lending platform market is segmented on the basis of offerings, service point, mode of deployment and geography.

  • Offers, the market is classified into software and services.

  • Point of service, the market is categorized into design and implementation, training and education, risk assessment, consulting and support, and maintenance.

  • Deployment mode, the market is categorized into Cloud and On-Premise.

  • Geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Companies cited

  • Dark Knight, Inc.

  • Built Technologies, Inc.

  • CU Direct Corporation

  • Decimal Technologies

  • Docutech (First American Financial Corporation)

  • Ellie Mae, Inc. (Intercontinental Exchange, Inc.)

  • Fidelity National Information Services, Inc. (FIS)

  • Finantix (InvestCloud Private Banking)

  • Finastra (Misys International Limited)

  • Fiserv, Inc.

  • HiEnd Systems LLC

  • ICE Mortgage Technology, Inc.

  • Intellect Design Arena Ltd

  • Juris Technologies Sdn Bhd

  • Mambu

  • Newgen Software Technologies Limited

  • Nucleus Software Exports Limited.

  • Pegasystems Inc.

  • Roostify, Inc USA

  • Rupeepower ind

  • Sage (Abrigo)

  • Sigma Infosolutions Ltd.

  • Symitar (Jack Henry & Associates, Inc.)

For more information about this report visit https://www.researchandmarkets.com/r/y575nk

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