News

Samsung Electronics America, in partnership with fintech company SoFi and Mastercard, has rolled out a new mobile-first money management offering Samsung Money by SoFi. The new Samsung Money by SoFi includes a cash management account and accompanying Mastercard debit card...

Japanese conglomerate Sony announced that it will take full ownership of Sony Financial Holdings (SFH), its financial services business arm via a tender offer worth nearly JPY400bn ($3.72bn). Currently, Sony owns a stake of around 65% or 283,050,000 shares in...

The European Bank for Reconstruction and Development (EBRD) is providing a new boost to Turkey’s banking sector amid the coronavirus pandemic with a US$ 55 million loan to Garanti BBVA, the second-largest private lender in the country. The funds...

Intesa Sanpaolo has entered into a partnership with Italian telecommunications company Telecom Italia (TIM) and Google in a move to accelerate its digitalisation efforts and also for driving innovation in Italy. In this connection, the Italian banking group has inked...

BNP Paribas reported a 33.2% decline in its net income attributable to equity holders at €1.28bn in the first quarter of 2020 (Q1 2020) compared to €1.91bn it made in the same quarter of 2019 (Q1 2019). The French banking...

Global Payments Inc., a leading worldwide provider of payment technology and software solutions, announced that TSYS, its Issuer Solutions business, has signed a long-term agreement with Truist Financial Corporation to process the bank’s consumer, commercial and small business credit...

HSBC Banks’s UK business arm HSBC UK has launched Bounce Back Loans Scheme to support small and medium-sized businesses affected by coronavirus (Covid-19) pandemic. Under the new scheme, which is supported by 100% Government guarantee, the bank is expected to...