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Finance companies
Affordable Housing Finance Companies’ Loan Portfolio Will Grow 17-20% in FY23, Study Finds
The Affordable Housing Finance Companies (AHFC) loan portfolio is expected to grow by 17-20% in the current financial year, supported by the government's focus on housing and a favorable tax regime, according to a report. As of December…
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Housing finance company gross NPAs could reach 3.6-3.8% in the fourth quarter of FY22
Gross non-performing assets (GNPA) of housing finance companies are expected to increase 3.6-3.8% in the fourth quarter of the current fiscal year, compared to 3.3% in December 2021, due to the standards of the Reserve Bank of India (RBI)…
SBI Partners with 5 Housing Finance Companies to Provide Affordable Loans to the Unserved
The country's largest lender, the State Bank of India (SBI), announced on Thursday that it has entered into co-loan agreements with five housing finance companies to serve underserved and unserved borrowers.
The five housing finance…
FinTechs and financial firms outpace banks and credit unions in installment loans
company logoDublin, March 23, 2022 (GLOBE NEWSWIRE) -- The report "Installment Loans: Fintechs Gaining Ground on Loan Forecast at $212 Billion" has been added to from ResearchAndMarkets.com offer. The report explains the state of consumer…
Assets under management of non-bank gold-lending financial firms to grow 12-14% in FY23: analysts
Second, gold lending NBFCs compete on service, last mile reach, and domain expertise, which is difficult for banks to replicate. Assets under management (AUM) of non-bank financial gold lending companies (NBFCs) are expected to grow by…
Crucial data for financial companies using AI
NEW YORK -- The use of AI covers almost all areas of finance. From customer experience applications in banking to fraud detection in credit, financial organizations rely heavily on AI tools.
An important aspect of AI in finance…
CFPB warns auto finance companies against inadvertent repossessions | Troutman pepper
On February 28, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a newsletter and accompanying Press release, highlighting an issue the agency has written about frequently over the past few years: inadvertent…
CFPB warns auto finance companies against inadvertent repossessions
On February 28, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a bulletin along with a press release, highlighting an issue the agency has written about frequently over the past few years: inadvertent repossessions.…
Top 10 finance companies in India
https://www.youtube.com/watch?v=2gL1DMWuwfANon-bank financial Companies.Companies which actually facilitate financial and banking facilities rather than meeting banking standards. Let's now discover the Top 10 Finance Companies in…
MAS further expands facility to support bank and finance company lending to SMEs
Singapore, 18th February 2022... The Monetary Authority of Singapore (MAS) today announced that it will further extend the MAS SGD Facility for ESG LendingThe Facility was established on April 20, 2020. The facility was extended twice…
“Putting ESG data to work” – How financial firms can optimize this rich new…
By Martijn Groot, VP Marketing and Strategy, Alveo
The ESG market is on a strong upward trend, with global assets expected to reach $53 trillion by 2022, according to analysis by Celent. ESG data has come to the fore due to changing…
List of Top 10 Finance Companies in India
Top 10 finance companies in India: Non-Banking Financial Companies (NBFCs) are institutions that facilitate financial and banking facilities without actually meeting the criteria of a bank. These institutions are regulated by the central…
5 International Loan and Finance Companies Students Can Consider
Have you received an offer to study abroad? Congratulations! Your next concern would probably be covering tuition fees. If you do not have sufficient funds to pay your fees, you can consider these loan and finance companies. In…
Sri Lankan financial firms raise 12.5 billion rupees of new capital
ECONOMYNEXT - Nine financial firms in Sri Lanka have raised 12.6 billion rupees to shore up their capital and also offered consolidation plans, the central bank said.
Sarvodaya Development Finance PLC, Dialog Finance…
Back to Basics, Continued—Why Does the SBA Deny Financial Firms “Eligibility” for PPP Loans? |…
Over the past several months, we have seen consumer finance companies deny forgiveness of their PPP loans based on a determination of ineligibility for such loans under the Aid, Relief and Restoration Act. economic security of the…
Digitization is positive for financial companies
Financial firms that have invested in digitalization in 2021 are already feeling the positive effects, according to a new survey from Broadridge Financial Solutions.
Broadridge surveyed 750 financial institutions, with total assets or…
Third wave curbs asset growth of housing finance companies by 200 basis points
The third wave of the pandemic could shave 100 to 200 basis points (bps) off growth in housing finance companies (HFCs) assets, Crisil said in a report.“The third wave of the COVID-19 pandemic could reduce up to 200 basis points... base…
Real estate finance companies in Egypt grant their clients LE 8B in 2021
DOSSIER - Real estate in Egypt
CAIRO - Jan 18, 2022: Real estate finance companies granted LE 8.1 billion to their clients in 2021, up from LE 3.4 billion in 2020,…
Housing finance companies: HFCs expected to post strong loan growth in Q3, other NBFCs may have a…
Mumbai: Non-Banking Financial Companies (NBFCs) are expected to post mixed results in the December quarter overall, analysts say.
Home finance companies (HFCs) are expected to post strong loan growth, driven by housing demand, while…
Premium finance companies may extend payment terms after Kentucky tornadoes
Premium finance companies are allowed to extend due dates for premiums and other charges in the wake of tornadoes that ravaged the state in December, the Kentucky Insurance Commissioner said.
Finance companies should also refrain…
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8th National E-Summit on Non-Bank Financial Companies and Infrastructure Finance
8th National E-Summit on Non-Bank Financial Companies and Infrastructure Finance
The 8th National Electronic Summit on Non-Banking Financial!-->…
Shriram Group announces the merger of three financial companies
In a composite scheme of arrangement and merger, the two non-bank financial companies (NBFCs) of the Shriram Group - Shriram City Union Finance Ltd and Shriram Capital Ltd (unlisted) - will merge with another listed company Shriram…
Why Housing Finance Companies Charge Higher Interest Rates Than Banks
Home Loan Interest Rates (Banks vs. HFCs/NBFCs): Home loans are provided to customers by banks and some non-bank finance companies (NBFCs) registered as housing finance companies (HFCs). Home loans are provided to customers by nationalized…
How finance companies can reduce EMI default risk on smartphone finance – IT news Africa
Image from the Digital Frontiers Institute.
In a dynamic world driven by innovation and automation, each sector, whether industrial or not, relies heavily on the latest technologies. Smartphones are one of the!-->!-->…
srei: Lenders of Srei’s two financial firms seek group resolution
MUMBAI: The creditors of the two Srei group financial companies that are the subject of bankruptcy proceedings are considering a group approach to insolvency resolution. Such an approach should achieve faster results and better value for…
Housing finance companies: HFCs urge RBI to remove strict asset classification guidelines
Mumbai: The Association of Housing Finance Companies (HFC), the umbrella body for all mortgage lenders, called on Reserve Bank of India Governor Shaktikanta Das and National Housing Bank to remove strict asset classification guidelines…
Litigation Finance Companies Eye Law Firm Ownership in Arizona
Two major litigation finance firms say loosening regulations in Arizona's legal sector opens the door for them to co-own law firms.Burford Capital Ltd. and executives at Longford Capital Management LP said that with Arizona no longer…
Standard Chartered ‘Saadiq’ launches $ 100 million to support Islamic finance companies
Standard charter 'Saadiq' announced, together with the Malaysian Halal Development Company, the launch of a $ 100 million Islamic finance program dedicated to supporting SMEs, companies and multinationals in Asia, the Middle East and…
Finance companies need to strengthen the financial literacy of their clients
Financial illiteracy is by no means a new problem. But the Covid-19 pandemic has exacerbated and exposed vulnerabilities and inequalities within our society, including the large gap between those who know how to manage their…
Warren Buffett’s firm cuts stakes in drugmakers and finance companies
OMAHA, Neb. - Investor Warren Buffett's company made two new investments in the third quarter while reducing its holdings in several drugmakers and financial companies. Berkshire Hathaway Inc. BRK.B,
+ 0.25%…
Housing finance companies expected to grow 8-10% in fiscal 22, report says
Housing finance companies (HFCs) are expected to experience 8-10% growth in fiscal 2022, driven by increased economic demand and increased demand, according to a report.
In the first quarter of the current fiscal year, HFCs…
Housing finance companies are expected to grow 8-10% in FY 22: Icra
Housing finance companies (HFCs) are expected to experience 8-10% growth in fiscal 2022, driven by increased economic demand and increased demand, according to a report. In the first quarter of the current fiscal year, HFCs experienced…
Advisory Committee for the Relaunch of Bankrupt Licensed Financial Companies
Recognized for its proven excellence as a leader in enterprise solutions, SLT-MOBITEL Mobile Business Solutions (MBS) recently announced its partnership with Zoho, a global technology company, to deliver a wide range of innovative…
Bankruptcy Licensed Finance Company Relaunch Advisory Committee – The Island
Recognized for its proven excellence as a leader in enterprise solutions, SLT-MOBITEL Mobile Business Solutions (MBS) recently announced its partnership with Zoho, a global technology company, to deliver a wide range of…
Why domain names are important to financial companies
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New Zealand financial firms must report and act on climate change in world first
New Zealand became the first country in the world to impose mandatory climate reporting for its financial sector, a move according to experts that will ensure that the adverse effects of climate change are regularly seen in businesses and…
RBI Boosts Vigilance With Four-Tier Regulatory Framework For NBFC, Real Estate News, ET RealEstate
MUMBAI: The Reserve Bank of India (RBI) will put in place a four-tier regulatory structure for non-bank financial corporations to more closely monitor shadow banking and minimize risks to the entire financial system.The detailed set of…
New Zealand Becomes First Country To Force Financial Firms To Act On Climate Risks | New Zealand
New Zealand became the first country in the world to pass a law requiring financial institutions to disclose and, according to the government, act on climate-related risks and opportunities."We have the opportunity to pave the way for…
Percent Launches Synchronization Platform for Specialty Finance Companies, Further Revolutionizing…
The platform, designed for disruptors and innovators of alternative lending, is the first of its kind in a multi-trillion dollar industryPosted: October 13, 2021 at 8:00 a.m. EDTNEW YORK, October 13, 2021 / PRNewswire / - Percent, the!-->…
Percent launches synchronization platform for specialist finance companies, further revolutionizing…
The platform, designed for disruptors and alternative lending innovators, is the first of its kind in the multi-trillion dollar industryPublished: October 13, 2021 at 8:00 a.m. EDTNEW YORK, October 13, 2021 /PRNewswire/ -- Percent, the!-->…
Finance companies sell rupee 25,000 loans in second quarter of fiscal 22, up 65% year on year
Non-bank finance companies and housing finance companies (HFCs) sold loans worth Rs…
Banks and finance companies will offer attractive interest rates on home loans and other financial…
New Delhi , October 6 (ANI / ATK): To ease your home loan journey, banking and finance companies have started offering attractive interest rates on home loans in India.Companies offer home loans to help individuals buy new home or to ease…
Affordable Housing Finance Companies Pay the Price of Covid: ICRA
Affordable housing finance companies that had experienced significantly higher growth than the entire housing finance industry in the past experienced a moderation in growth as a result of the challenges brought about by Covid-19 in the…
Live News Updates: IT, finance companies most ESG compliant in India; Infosys tops Crisil rankings
Information technology and financial services players are the most environmental, Social, and governance (ESG) compliant companies in the country, and second-largest software exporter Infosys scoring the highest on the key metric, as per…
More financial companies share their information to fight cybercrime
The growing threat of cybercrime has prompted financial companies to increase intelligence sharing by 60%, new research finds.
According to the cyber-espionage group of the cyber intelligence services…
LOLC’s future holding company of financial companies to raise Rs. 1b via listed debt
LOLC Ceylon Holdings Ltd. (LOCH) will issue 10 million debentures of Rs. 100 each to increase Rs. 1 billion.The debentures offer 9.50% per annum payable annually. The minimum subscription is Rs. 10,000. The managers of the issue…
CBE and FRA sign agreement to facilitate payment for consumer credit companies
ArabicFinance: The Central Bank of Egypt (CBE) and the Financial Regulatory Authority (FRA) signed a Memorandum of Cooperation to facilitate the issuance of licenses and approvals for payment instruments for consumer credit or other…
New protocol to facilitate the issuance of payment instruments for consumer credit companies
The Central Bank of Egypt (CBE) has signed a Memorandum of Cooperation with the Financial Regulatory Authority (FRA) to facilitate the issuance of licenses and approvals for payment instruments for…
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Sri Lankan financial firms hit by import controls: Fitch
ECONOMYNEXT - Sri Lankan leasing companies have been hit by import controls as imports of new cars have been banned, Fitch Ratings said, while second-hand prices have also risen.
âRising used vehicle…
Icra Ratings, Real Estate News, ET RealEstate
MUMBAI: Assets under management of the non-bank financial corporations segment declined in the first quarter of 2021-2022 due to lower disbursements and shrinking portfolio, according to a report.After rising slightly in the third and…
Markets close on a flat note; Housing finance companies outperformed
Markets experienced a volatile trading day on Tuesday as the pendulum swings were felt.Bank Nifty slightly underperformed the Nifty Index by around 0.25%, with both indices posting profits, closing down around…
Captive financial firms are the key to customer access, profitability
At the effect of the captiveaccounting change of es, and the last on consumer credit
Earlier this year, the captives implemented a significant accounting change. And I don't want to be bored with the details, but the basic goal was to…
Tech and Financial Firms Consider Wynwood as Miami Raises Tech Hub Status
Miami's Wynwood Art District is known for its street art and as a hub for creatives, but with more!-->…
Key Corporate Governance Compliance Requirements for Financial Companies in Nigeria –…
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In this article, we have discussed the main Code compliance requirements and how CFs in Nigeria can put in place appropriate systems to ensure compliance.…
Top 5 Home Finance Companies Offering the Cheapest Rates on Home Loans in 2021
Investment oi-Vipul Das |
Updated: Friday August 20, 2021, 5:38 PM
A majority of Indian banks have started to cut!--QLINKS_ON-->!--QLINKS_OFF-->…
Affordable housing will be the backbone of the recovery for housing finance companies: report
The resumption of economic activities and pent-up demand are expected to help improve the asset quality of long-term home loans and the affordable housing segment will lead to the resumption of housing finance companies, according to a…
Federal Reserve begins 2020 census of finance companies and other lenders
Washington, DC (STL.News) Le announced on Tuesday that it will begin the 2020 census of finance companies and other lenders. The census is a key part of the Federal Reserve's efforts to paint a comprehensive picture of this…
New source of income for finance companies
Seeed Studios SenseCAP M1 Long-Fi Access Point and Crypto Collector
Investing in cryptocurrencies has become a reality for individuals and businesses in the financial sector with the release of a new…
Financial companies seeking new customers through increased investment in technology; Yobota survey…
Banking and financial services companies plan to significantly increase their IT spending over the next 12 months to improve both front-end and back-end technology, according to new research from Yobota found.The London-based technology…
Fooled finance companies issue $ 20,000 in loans on behalf of retiree without her knowledge
An Auckland woman has been the victim of identity theft. Photo / Sylvie WhinrayA widowed retiree was terrified of losing her home after three separate finance companies were tricked into issuing loans in her name totaling $ 20,000.The…
Authorizations issued to 3 housing finance companies during fiscal year 21: SECP – Journal
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) announced on Wednesday that it has issued licenses to three new housing finance companies (HFCs) in FY21, with the aim of revitalizing the sector.
The companies include…
SECP grants licenses to three new housing finance companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) granted licenses to three new housing finance companies in the fiscal year ended June 30, 2021, a statement released by the…
How Asset Finance Companies Can Help Fleets Achieve a Greener Future
With increasing regularity, companies are adding sustainability goals to their business strategies. This new sense of corporate responsibility is driven in part by changing customer demand. Consumers ask questions about!-->…
IT and financial companies score high on ESG factors: Crisil
IT services companies, including Infosys, Mindtree, Tata Consultancy Services and Tech Mahindra, lead the way in ESG (environmental, social and governance) factors, according to a new Crisil dashboard. India Cements, Vodafone Idea,…
Deepak Parekh, President, HDFC, Real Estate News, ET RealEstate
NEW DELHI: Calling for smoothing out regulatory wrinkles, HDFC chairman Deepak Parekh raised concerns about the ability of housing finance companies to retain customers, as no prepayment penalties on interest rate loans This variable…
Deepak Parekh Fighting for Regulatory Clarity for Housing Finance Companies
India needs to clarify regulations to housing finance companies to avoid potential conflicts and put them on an equal footing with banks, according to Deepak Parekh.The Reserve Bank of India and the Securities and Exchange Board of India…
Global financial companies with $ 18 trillion in assets support the circular economy
The authors of a major report on circular economy financing are calling on finance companies to increase collaboration with businesses and governments to change the sector.There are major opportunities for the financial sector to achieve…
RBI Expands Risk-Based Internal Audit System to Housing Finance Companies
Image source: PHOTO / PTI FILE RBI Expands Risk-Based Internal Audit System to Housing Finance…
RBI Extends Risk-Based Internal Audit System to Housing Finance Companies, Real Estate News, ET…
MUMBAI: The Reserve Bank on Friday extended the Risk-Based Internal Audit System (RBIA) to select housing finance companies to improve the quality and effectiveness of their internal audit system.In February of this year, the RBI issued a…
RBI extends risk-based internal audit rules to housing finance companies
The Reserve Bank on Friday extended the risk-based internal audit system (RBIA) to select housing finance companies to improve the quality and effectiveness of their internal audit system.
In February of this year, the RBI issued…
RBI to Clarify New Auditor Appointment Standards Soon, Real Estate News, ET RealEstate
MUMBAI: Amid mounting criticism of its recent circular on the appointment of auditors by large financial institutions, the Reserve Bank said on Friday that it would issue a series of clarifications shortly that various stakeholders have…
Can finance companies trust AI? Interview with Sravan Kasarla, CDO, Thrivent
Interaction and customer support are crucial in almost every industry. Businesses increasingly rely on AI and machine learning algorithms to process large amounts of data, in order to achieve the goal of understanding customer needs.
In…
NBFC and housing finance companies: riding the technology wave
Listen to this article
2020 has been an extremely difficult year for the financial services industry, especially given the global economic slowdown, coupled with stressed borrowers and a shortage of…
Home loan market grows 9.6% in December quarter: report
MUMBAI: The home loan market in the country rebounded and grew 9.6% year-on-year in terms of outstanding portfolio (PoS) in the third quarter of fiscal 2021, despite the pandemic of Covid-19, according to a report. The sector's portfolio…
Amid Covid-19 Second Wave, Microfinance Firms Find Economic Activities in Rural Areas
In the midst of the second wave of the Covid-19 pandemic, microfinance companies are witnessing a reasonable number of economic activities in rural areas where the number of cases is low, especially in villages. Also as a spinoff in…
2 financial companies accused of illegally renting dogs in Mass. – Boston News, Weather,…
BOSTON (WHDH) - Two finance companies are to transfer full ownership of dozens of dogs to consumers in Mass. and forgoing balances totaling more than $ 126,000 to settle allegations they illegally rented pets, officials…
IT and finance companies are hiring managers in droves
The employees work at KSM Solution, a technology company in Tan Binh District, Ho Chi Minh City. Photo courtesy of KSM Solution.
Staffing firm Navigos Group said in a note that demand for executives in the textile and apparel industry…
Big Tech Financial Firms Ahead of Regulators | Barry eichengreen
In 2009, in the midst of the global financial crisis, Paul Volcker, the former chairman of the Federal Reserve, celebrates observed that the only socially productive financial innovation of the previous 20 years was the ATM. One wonders…
Housing finance companies expected to grow 8-10% in FY 22: report
With the demand for home loans picking up in the last two quarters of fiscal year 2020-2021, housing finance companies (HFCs) are expected to experience a growth rate of 6-8% during the year and 8 to 10% in the 2021-2022 fiscal year. ,…
Egyptian financial regulator, financial firms discuss increasing growth in financing activities
Eslam Azzam, Vice Chairman of the Financial Regulatory Authority (FRA), met with representatives of financial companies to discuss their proposals for developing a range of financial activities.
These…
Arizona Ranking: Top 10 Capital and Finance Companies for 2021
Here is the Top 10 Arizona capital and finance companies, based on public voting for the 2021 Arizona Ranking, the state's largest and most comprehensive opinion poll. Arizona's ranking is based purely on opinion and ranks…
Two TCPA Updates Auto Finance Companies Need to Know About | McGlinchey Stafford
Excellence in Automotive Financing - March 17, 2021
The Telephone Consumer Protection Act (TCPA) and the deluge of litigation that arises from its various interpretations are still relevant today. In fact, there are so many changes that…
Indonesian FSA strengthens oversight of financial companies
1. Introduction
The Financial Services Authority ("JOK ") issued Regulation No. 47 / POJK.05 / 2020 of 2020 on Business Licensing and Institutional Aspects of Sharia Finance Companies and Finance Companies (the "New…
Reserve Bank of India issues guidelines for housing finance companies
MUMBAI: The Reserve Bank of India (RBI) on Wednesday released a series of guidance related to maintaining the liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, to housing finance…
Affordable Housing Finance Corporations Could Grow 12-15% in FY 22: Report
The long-term growth outlook for affordable housing finance companies remains positive and the segment is expected to grow 12 to 15% in the next fiscal year, according to a report.
As of September 30, 2020, the total portfolio of…
India Microfinance Market Report 2020: Small Finance Companies Represented the Highest Market Share…
DUBLIN, February 15, 2021 / PRNewswire / - The "Microfinance market in India, by type (bank, non-bank), by type of bank (small finance companies, commercial banks, regional rural banks and cooperative banks), by non-banks, by end use, by…
Six bankrupt financial companies had Rs 62 billion in deposits – The Island
By Saman Indrajith
Finance, Money and Capital Markets and State Enterprise Minister Ajith Nivard Cabraal told parliament on Wednesday that around 62 billion rupees had been deposited by clients of six bankrupt financial…
Six financial companies have fallen since 2015 – Minister of State
Six financial institutions had fallen into crisis since the arrival in power of the previous good governance government until August 31, 2020.
These are Central Investments and Finance Ltd (formerly Central Investments and Finance PLC…
Key Aspects of the Revised Regulatory Framework for Housing Finance Companies – Real Estate…
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A housing finance company ("HFC") is another form of non-bank financial corporation ("NBFC") which is primarily engaged in housing finance. With the…
8 finance companies are hiring software talent right now
Looking for software related jobs in the financial services industry? These companies are all recruiting now.
The financial services industry has undeniably undergone a technological revolution in recent…
Here’s why Charles Schwab and other financial firms keep coming to North Texas
A rising tide can lift any ship, but what happens when the momentum turns and things get tough? For Dallas-Fort Worth, the outlook may be even better.It's one way of thinking about Charles Schwab's recent decision to move his headquarters…
Consumer finance companies activate customer support initiatives
WASHINGTON--(BUSINESS WIRE)--Member companies of the American Financial Services Association (AFSA), from auto finance to traditional installment loans, cater to customers who are being hit hard by the federal government shutdown,…
Lots of Jobs as IT and Financial Firms Lead Third Day of Hiring in IITs
Information Technology, Analytics and Banking, Financial Services and Insurance (BFSI) companies led the campus hires of Indian Institutes of Technology on Monday, the third and final day of the internship season in the main…
10 Best Machine Learning In Financial Firms You Should Know About 2021
Machine learning and artificial intelligence are often used interchangeably, but the former is actually an advanced subset of the latter. Just because something is artificially smart doesn't necessarily mean it can be learned.
Machine…
Top 14 Insurance and Finance Companies with the Happiest Employees
14. National Mutual Insurance Company | Very satisfied employees: 81%.
13. The company of travelers | Very satisfied employees: 82%.
12. Thrivent Financial for Lutherans | Very satisfied employees: 85%.…
Premium finance companies – resident business entity
A premium finance licensee is responsible for entering into insurance premium finance agreements. See RCW 48.56.020 (leg.wa.gov).Application requirementsSubmit a uniform application for a business insurance license. This application…