TEN Finance Announces the Launch of LEND – Decentralized Multi Chain Lending Protocol

Singapore, August 02, 2022 – (SEAPRWire) – TEN Finance is proud to announce that LEND and the $LEND token will first be available on the Cube Network. LEND is the newest extension of the TEN Finance Ecosystem and will be a groundbreaking release that sees TEN expanding horizons and being available on other chains. LEND will be a landmark release and […]

TrueFi powers WOO X’s institutional services through decentralized loans to verified clients

SAN FRANCISCO, CA, Jul 12, 2022 – (ACN Newswire via SEAPRWire.com) – TrustToken, the core team responsible for building the leading unsecured lending protocol TrueFi unveils its collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Research, the leading digital asset quant company and market maker. WOO X will use TrueFi […]

Landbank launches P1B loan facility for rural banks to go digital

THE Land Bank of the Philippines (Landbank) is rolling out a P1 billion lending program to empower rural banks to digitalize their banking operations to reach and service more underserved and unbanked Filipinos.Through the Digitalization of Countryside Financial Institutions (Digi-CFI) Lending Program, Landbank will finance digitalization projects, including payment for subscription or licensing fee for […]

SEC reminds lending, financing firms register online platforms

THE Securities and Exchange Commission (SEC) could penalize or even revoke the licenses of financing and lending companies that fail to register and disclose their online lending platforms (OLP), such as mobile applications and websites. A notice published by the commission on Wednesday said financing and lending firms must comply with SEC Memorandum Circular No. […]

LANDBANK expands lending program to include ex-extremists

STATE-RUN Land Bank of the Philippines (LANDBANK) has widened its lending program for former rebels to include former violent extremists. In a statement, the state lender on Tuesday said the expanded lending program would also cover cooperatives and associations with former extremists as members. It added that the program, now known as the ‘Balik-Loob’ lending […]

DoJ cybercrime group warns vs online lending firms’ unlawful debt collection practices

THE JUSTICE department’s cybercrime team has flagged the unlawful debt collection practices of online lending companies, citing the growing number of reports it has received. In a public advisory on Monday, the Department of Justice–Office of Cybercrime (DoJ-OOC) said various laws prohibit these online firms from accessing the debtor’s phone contacts, posting their personal information, […]

SEC rules vs dirty money now cover all financing, lending firms

ALL financing and lending institutions are now covered by the Securities and Exchange Commission’s (SEC) guidelines on anti-money laundering (AML) and combating the financing of terrorism (CFT). The SEC released on Tuesday the 2020 guidelines on the submission and monitoring of the Money Laundering and Terrorist Prevention Program (MTPP). The commission said: “There is a […]