India’s digital transformation of financial services continues — and now pre-approved credit lines are linked to the United Payments Interface (UPI). In an announcement Thursday (April 6), India’s central bank (the Reserve Bank of India) said that these “pre-sanctioned” credit lines at banks could be issued...
For individuals and small businesses that are having trouble covering the rent during the COVID-19 economic collapse, but might have a credit card or line of credit with available funds, Fiserv says it has a solution. The company said its new FlexLine Advance program will allow consumers...
For banks seeking to protect profits – and liquidity – keeping corporate clients from drawing down credit lines may be one way to brace against the volatility wrought by COVID-19. As Bloomberg reported on Monday (March 30), large U.S. banks have been “quietly discouraging” borrowers...
Over 130 businesses across Europe, North America and South America have drawn cash from at least $124.1 billion in credit lines to stay afloat during the coronavirus crisis. The figure for funds borrowed is probably much more than disclosed, The Financial Times reported on Wednesday (March...
June 04, 2020
For individuals and small businesses that are having trouble covering the rent during the COVID-19 economic collapse, but might have a credit card or line of credit with available funds, Fiserv says it has a solution. The company said its new FlexLine Advance program will allow consumers and businesses to “swiftly and affordably access funds from existing […]
March 25, 2020
Over 130 businesses across Europe, North America and South America have drawn cash from at least $124.1 billion in credit lines to stay afloat during the coronavirus crisis. The figure for...
April 14, 2017
Tangerine Bank, the digital lender owned by Bank of Nova Scotia, announced it will be offering credit lines in an effort to increase revenue through additional product offerings, according to Bloomberg....
