Ngulminthang Lhanghal - Financial Expert

Banking Circle is adopting USD Coin (USDC), while farming loan platform Tillable is growing its lending program. Plus, decentralized finance (DeFi) lender Teller is launching a buy now, pay later (BNPL) initiative for purchasing non-fungible tokens (NFTs). Banking Circle to Adopt USD Coin European payments bank Banking Circle is adopting USDC on its platform as a payment acceptance, processing and settlement method. Banking Circle will act as a bridge between fiat bank accounts and stablecoins as the company moves toward its Web3 plans. Tillable Teams with Evergreen Bank to Expand Digital Farm Loans Farmland resource and loan platform Tillable is partnering with Evergreen Bank to expand its digital lending program. Tillable provides farmland mortgages, refinances, operating loans and rental financing, and it is striving to make owning and renting America’s farmland easy and sustainable. Teller Brings BNPL to NFT Market With ‘Ape Now, Pay Later’ Loans DeFi lender Teller is rolling out a

SMEs and MSMEs are the major growth engines of economies that rely on banks and financial institutions to help with their funding needs. Banks and financial institutions need solutions to help them navigate through multiple challenges of minimizing lending risks, securing data, streamlining credit operations, and safeguarding their profitability Mumbai: Inclusion of GST data as a parameter for credit risk assessment will help reduce NPAs for banks and financial institutions in SMEs and MSMEs lending. Talking to Bizz Buzz, Niraj Hutheesing, Founder and Managing Director of Cygnet Infotech, says: “All evaluations related to credit risk assessment and lending processes for SMEs/MSMEs now should also have indirect tax (GST data) as a parameter. This data allows lenders to monitor the credit worthiness for loan performance as an early warning, this will tremendously decrease the number of NPAs in the market.” As a differentiator Cygnet FinTech works on the data cash flow-based model that he

According to the latest news, DP World, a leading international logistics company and advanced supply chain solutions provider reported an association between CARGOES Finance by DP World and Challenger Management Limited, to help customers get working capital solutions from the international finance fund.  CARGOES Finance by DP World is a fintech platform that brings global importers, exporters, and logistic companies to a single platform that requires getting finance from around the world with financial institutions. CARGOES Finance also delivers lenders access to data on cargo movements, empowering them to finance with peace of mind. Under the partnership, CARGOES Finance will be delivering digital instruments to Challenger Management to further accelerate paper-heavy processes, KYC (Know Your Customer) and anti-money laundering information on customers, and confidential trade data throughout the supply chain and other risk mitigant highlights on the platform.  Read more: https://ngu