Company Statements

Accenture, an Italian consulting firm that provides regulatory technology (RegTech) services and solutions to financial services firms. Accenture announced its intent to acquire the business on April 14, 2020. Financial terms of the transaction were not disclosed. NIKE Group’s data-driven...

Shipments and spending were down in the first quarter of 2020 compared to the fourth quarter of 2019, according to the U.S. Bancorp Freight Payment Indexes. “Despite the strong movement of consumer staples during the second half of March, both...

UBX, the fintech company of Union Bank of the Philippines (UnionBank), recently started deploying a rapid and remote mobile-enabled ATM solution in response to COVID-19, as part of its i2i platform. With i2i Mobile ATM, rural banks and financial...

Paytm announced the launch of novel coronavirus insurance policy in collaboration with Reliance General Insurance. The general insurer, which had launched a dedicated Covid-19 Protection Insurance cover few days ago, is being offered a group platform with a wide...

IDB Invest, the IDB Group's private sector institution raised a record $1 billion in funding to support the development bank's coronavirus response. This marks the largest fixed rate benchmark issue by IDB Invest. The two-year bond pays an annual coupon...

IBM has signed an agreement with Irish fintech Fenergo to develop integrated solutions that can help financial institutions in defending themselves against financial crimes. Under an original equipment manufacturing (OEM) agreement, the two companies will develop solutions that combine Fenergo’s...

Temenos has introduced new Explainable AI (XAI) models to enable banks and credit unions to issue loans to small and medium enterprises (SMEs) whose cash flows have been disrupted due to COVID-19 (coronavirus) pandemic. The Swiss-based banking software developer said...