Category: Business

Intuit, the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, has introduced a new AI-powered assistant called Intuit Assist. This assistant will provide personalized, intelligent recommendations to help consumer and small business customers make smart financial decisions with less work and complete confidence, enabling them to put more money in their pockets. What is Intuit Assist? Intuit Assist is a new generative AI (GenAI)-powered assistant that…

The world of business is constantly changing and evolving, creating new challenges and opportunities for entrepreneurs and established businesses alike. To succeed in this dynamic environment, one needs to have a keen eye for spotting and capitalizing on new openings for growth and innovation. However, this is not a skill that comes naturally to everyone. It requires a strategic approach and a deep understanding of the factors that influence the…

The Clean Energy Finance Corporation (CEFC) and MaxCap Group have announced a new partnership to provide green loans to commercial property owners and developers who are committed to reducing their carbon footprint. What is a green loan? A green loan is a type of financing that is specifically designed to support projects that have positive environmental or climate benefits. Green loans are aligned with the Green Loan Principles, which are…

The Romanian Competition Council has launched an investigation into some of the country’s commercial banks for suspected anti-competitive practices. The authority raided the premises of several banks on September 6, looking for evidence of possible collusion regarding the reports they submit to the Credit Bureau. What is the Credit Bureau and why does it matter? The Credit Bureau is a private institution that collects and processes information about the credit…

Dime Community Bancshares, a New York-based company that aims to become a full-service commercial bank, announced the launch of a healthcare banking vertical on Tuesday. The new unit will focus on lending to the long-term care sector, which includes skilled nursing facilities, assisted living facilities, and home health agencies. Healthcare Lending Expert to Lead the New Unit Dime Community has hired Daniel Csillag, a veteran lender in the long-term care…

Bank tax to last for five years Slovenia has announced a plan to introduce a temporary tax on bank profits to help fund the reconstruction efforts after the country was hit by the worst floods in its history last month. The tax will amount to 0.2% of the banks’ total assets and will be in effect for five years, according to the Finance Ministry. The ministry said that the banking…

Local banks offer personalized and flexible services One of the advantages of banking with a small and local bank is that they offer personalized and flexible services to their customers, especially small businesses. Unlike large regional or national banks, local banks have a deeper understanding of the local market, the needs and challenges of the small businesses, and the opportunities for growth and development. Local banks can tailor their products…

Interest rates cut for existing first-home mortgages Three of China’s major state banks announced on Thursday that they will lower interest rates on existing mortgages for first-home loans. The move is one of several support measures flagged by Beijing in recent weeks for the country’s crisis-ridden property sector amid mounting concerns over the health of the world’s second-largest economy. Interest rates on existing first-home loans will be cut to the…

The UK housing market is facing a sharp slowdown as high interest rates dampen buyer demand and push down property prices. Halifax Reports 4.6% Annual Fall in House Prices According to the latest data from Halifax, the UK’s largest mortgage lender, the average house price fell by 4.6% in the year to August, the biggest annual decline since 2009. The average house price dropped to £279,569, down by around £14,000…