News

ANZ has launched a new online lending platform to provide small businesses with conditional approval for up to $200,000 in unsecured lending in as little as 20 minutes. Developed in partnership with DemystData, ANZ Online Business Lending syncs with Accounting...

Hanover Bancorp, the parent company of Hanover Community Bank, has signed an agreement with Savoy Bank for a merger in a stock and cash transaction valued around $63m. Under the terms of the agreement, Savoy Bank will be merged into...

American Express has agreed to acquire substantially all of Kabbage, a US data and technology company engaged in online lending, for an undisclosed price. The Atlanta-based fintech company caters to small businesses in the US through its cash flow management...

CIT’s national direct bank CIT Bank, a leading bank focused on empowering businesses and personal savers with the financial agility to navigate their goals has announced new self-service capabilities to move funds via wire transfer and to manage mature...

HDFC Bank has announced a strategic partnership with Adobe to enhance the Digital Experiences of its Customers. The partnership is powered by Adobe Experience Cloud Solutions and will help HDFC Bank to deliver personalised digital experiences to existing as...

IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has completed its acquisition of ESS NexTier Insurance Group, a similarly structured practice with four offices throughout Pennsylvania. The acquisition expands...

Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares. The company announced the equity placing on May 5, which was successfully completed on May 6. The...