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ADB Doubles PH Loans Until 2022, Reaches All-Time High
The Asian Development Bank (ADB) increased its loan to the Philippines by up to $12.1 billion. The agreement was made under the “big-bang lending...
HSBC Malaysia Launches First Letter of Credit Blockchain
HSBC Malaysia recently piloted Malaysia's very first blockchain transaction through a letter-of-credit (LC). The Star reported that the deal to import resin was executed...
SME Insurance Provider Thimble Announces $22M Series A Funding
The newly rebranded company, Thimble, raises a $22-million Series A funding led by IAC, as it enters a new market as an SME insurance...
Goldman Sachs CEO Calls Apple Credit Card Launch a Success
Apple Credit Card is “the most successful credit card launch ever.” Goldman Sachs chief executive officer David Solomon declared in a conference round held...
Proportunity Raises £2 Million for Home Equity Lending Platform
UK-based fintech and mortgage lender startup Proportunity has secured a £2 million fund in a seed round held last week. According to the fintech...
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China Retains Lending Rate Benchmark In October
China surprisingly kept its lending rate to a steady 4.85 percent amidst the forecast that it would cut again after reductions in August and...
JP Fintech Firm Digital Wallet Corp. Acquires PH Company
Japan-based financial technology firm Digital Wallet Corporation (DWC) announced last Monday, October 21, 2019, its acquisition of money transfer, remittance, and foreign exchange company...
Galileo Raises $77 Million in its First Venture Round Led by...
Utah-based software startup Galileo Financial Technologies announced Thursday, Oct 17, it has secured a $77 million investment in a Series A funding round led...
Insurance Companies Go Online to Tap Younger Market
Traditional insurance companies are boosting their online presence as a move to tap the Millennials and Gen Z markets.
According to Insurance.com, buying insurance online...
Scotiabank Meets Technical Issue, Gives Mislabelled Credit Card Charges
Canadian financial intuition Scotiabank confirmed last Sunday, October 20, 2019, that it encountered a technical issue which resulted in mislabelled credit card charges and...
Zuckerberg: Bad Idea to Give All Billionaires’ Money to Govt
In a recent interview with Fox News, Facebook CEO Mark Zuckerberg said that “ the government takes all ” can have bad results. Fox...
