BlockFi raises $350m funding to expand into new markets
BlockFi has closed a Series D funding round, led by new investors Bain Capital Ventures, partners of DST Global, Pomp Investments and Tiger Global,...
Craig Wright: Bitcoin Will Not Replace Banks
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...
EU should use perpetual bonds to finance Covid-19 recovery fund
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...
AIA, AYA SOMPO and AYA Bank launch strategic bancassurance partnership in Myanmar
AIA, AYA SOMPO and AYA Bank have entered into a strategic partnership to enable broader access to innovative insurance products and services for the...
Parachute Digital Solutions launches new online insurance platform in Canada
Parachute Digital Solutions , a Munich Re company, announced the launch of Parachute 2.0, a turnkey product and carrier agnostic online insurance platform for...
Universal Sompo launches an AI-powered virtual agent for motor insurance
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...
Bank of America expands commercial contact-free payments
Bank of America has expanded its mobile wallet capabilities for corporate clients in EMEA and APAC. The bank first launched mobile wallet in the...
Virgin Money partners with Codat to boost business bank offering
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...
Paysafe to acquire payment technology firm Openbucks
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...
InComm Payments acquires Brazilian gift card processor Todo Cartoes
InComm Payments, a leading global payments technology company, announced that it has acquired Todo Cartões, one of Brazil’s main closed-loop gift card processors. The...