Company Statements

The Bank of N.T. Butterfield & Son has agreed to acquire ABN AMRO Bank’s Channel Islands-based banking business for about £161m ($208m) in an all-cash deal. The Bermuda-based Butterfield expects the acquisition of ABN AMRO Channel Islands to create an...

Philippines-based BancNet has entered into an agreement with Mastercard to tap into the real-time payments technology of Vocalink to enhance the capabilities of InstaPay, a Filipino retail payments system. BancNet, which is an interbank network that connects the ATM networks...

Nutmeg, the UK’s largest digital wealth manager, is expanding into Asia, announcing the launch of its first strategic partnership, in a deal with Taipei Fubon Bank. Since launch in 2012, Nutmeg has amassed more than 70,000 UK customers and its...

Digital money transfer service WorldRemit has launched international transfers to UnionPay debit cards in China. The Chinese diaspora living in over 50 countries, including the USA, UK, Canada, Australia and Singapore, can now send money to any China UnionPay debit...

CLARA analytics , the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, announced an advanced AI-based toolkit to assist risk managers in evaluating an entire claim population’s performance, understanding the underlying costs that affect a...

Digital innovation is transforming the way we do business, making existing processes simpler, smarter and faster. Mastercard announced an upgrade to the back office experience for commercial cardholders by providing enhanced data for Amazon Business transactions. For many businesses, reconciling...

IBM announced IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions, is officially accessible in a growing number of markets. Designed to optimize and accelerate foreign exchange, cross border payments and remittances, World Wire is the...