Company Statements

Wells Fargo Asset Management (WFAM) announced the launch of the Wells Fargo Municipal Sustainability Fund, highlighting WFAM’s commitment to provide clients innovative solutions and play a leading role in sustainable investing. The Municipal Sustainability Fund utilizes a municipal bond assessment...

US-based cross-border payments company Western Union has launched a new service, dubbed Digital Location, enabling its customers to transfer money with comfort and safety of their home. The company intends to start a pilot on customers in Austria, Belgium, Italy,...

Plastiq, a payments solutions provider for small and medium businesses (SMBs), announced that it has closed $75m in series D funding round led by B Capital Group. The funding round also saw participation from previous investors including Kleiner Perkins, Khosla...

HSBC UK has launched the Coronavirus Business Interruption Loan Scheme (CBILS), which can be availed by existing customers with a group turnover of up to £45m HSBC UK said that it has extended financial support for businesses dealing with the...

The collaboration is set to revolutionize the credit market across GCC and the larger Middle East. The traditional bank financing market has been facing serious headwinds, especially for retail and SME customers. The initiative will allow traditional and challenger...

Virgin Money Australia, owned by Bank of Queensland (BOQ), has selected Temenos, a Switzerland-based banking software firm, as its digital banking technology partner. Temenos, the provider of cloud-native, cloud-agnostic banking software, will offer a single, upgradeable, digital SaaS platform, to...

South African bank Standard Bank announced that it is moving its core SAP Cloud Platform services to Microsoft Azure to improve customer experience and to marketing new products, more efficiently. The partnership between Microsoft and SAP aims to speed up...