News

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...

The COVID-19 pandemic has caused ambiguity and disruption in customer services across the world. In these unforeseen circumstances, Universal Sompo General Insurance has launched Artificial Intelligence (AI) powered virtual agents for its motor claims services. Universal Sompo's AI-powered virtual agents...

Bank of America has expanded its mobile wallet capabilities for corporate clients in EMEA and APAC. The bank first launched mobile wallet in the United States and Canada in 2018, and this expansion makes it the first commercial bank...

Virgin Money has partnered with financial and accounting software provider Codat to strengthen its digital business banking offering. Codat’s financial technology offering would facilitate the easy and secure exchange of data between Virgin Money and its business bank customers. Under the...

UK-based online payments company Paysafe has acquired US-based payment technology company Openbucks, for an undisclosed amount. Openbucks is a payment gateway that enables online merchants to accept retail gift cards as an alternative form of payment to credit cards, which...