News

US-based financial technology services provider Global Payments has entered into a multi-year partnership with Google to deliver advanced cloud-based products and capabilities. Under the partnership, Global Payments will move its merchant acquiring technology to Google Cloud. It would help Google...

Latvia-based Citadele Bank has agreed to acquire the majority of the mortgage portfolio owned by ABLV Bank, which is in liquidation procedure. The mortgage portfolio includes several thousand mortgage loans with a total exposure above €170m. Citadele Bank stated that...

BlockFi has closed a Series D funding round, led by new investors Bain Capital Ventures, partners of DST Global, Pomp Investments and Tiger Global, at $350m. Investors including Susquehanna Government Products, Bracket Capital, Paradigm, Valar Ventures, Morgan Creek Digital, Akuna...

Bitcoin is known as the first-ever digital money successfully built on blockchain technology, a decentralized electronic cash system that many think aims to replace centralized financial institutions such as banks. However, Bitcoin creator Satoshi Nakamoto, known in the real...

The European commission president, Ursula von der Leyen, has announced that Europe will need about €1tn (£873bn) to fight the Covid-19 pandemic. This money could be used to establish a European recovery fund. But where will the money come...

AIA, AYA SOMPO and AYA Bank have entered into a strategic partnership to enable broader access to innovative insurance products and services for the people of Myanmar. The bancassurance collaboration aims to increase protection and drive insurance penetration in Myanmar....

Parachute Digital Solutions , a Munich Re company, announced the launch of Parachute 2.0, a turnkey product and carrier agnostic online insurance platform for carriers, brokers, employers, associations, and retailers to offer life and supplemental health protection plans in...