1) Global Services PMIs (Sep) – 05/10 – after the slowdown seen in Q2, the manufacturing sector has managed to hold up reasonably well. The recovery in the services sector has been another story with the recent flash PMIs in Germany and France slipping back into contraction territory. This is an increasing concern, particularly for the weaker countries like Italy and Spain who tried to boost economic activity by way of tourism in the summer months, and who now appear to be paying the price for that with increased infection rates, with Spain especially having to impose new stringent lockdowns. The additional imposition of quarantines and other travel restrictions in the last two months is likely to see further economic deterioration in September. In August Spain and Italy saw contractions of 47.7 and 47.1, and it’s unlikely that September will be much better, at a time when France services PMI
First-of-Its-Kind Partnership Offers Lenders a Full-Cycle Software Solution
IRVING, Texas, Sept. 29, 2020 /PRNewswire/ — iQ Decision Engine (iQDE), a subsidiary of TF Holdings, Inc., has partnered with Vergent Loan Management Software to offer a full-cycle solution for lenders that includes integrated software, data and decisioning models.
iQDE is a fintech company whose decisioning software can be used across multiple consumer lending segments, including installment, auto and line of credit loans to automate decisions using highly predictive models to analyze credit and fraud risks. iQDE models are based on over 18 years of decisioning over two million loans, while Vergent offers comprehensive tools to manage portfolios from over 50 years of accumulated experience. With this partnership, the companies provide complementary services and a seamless experience for lenders.
Martin Wong, CEO of TF Holdings said, “Our experience in online consumer lending is unmatched