LATEST NEWS

Virgin Money Optimistic Consumer Lending Rises

Virgin Money is Optimistic as Consumer Lending Rises

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After announcing a rise in residential and commercial lending in the third quarter as COVID-19 limitations loosened, British bank Virgin Money upped its profitability...
Travel Insurance Policies No Self-Isolation Coverage

Certain Travel Insurance Policies Have No Self-Isolation Coverage

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Cancellation expenses of tourists who are instructed to self-isolate due to a close Covid-19 contact will not be covered by several travel insurance policies. According...
Central Banks and Wealth Funds Going Greener

Survey Discovers Central Banks and Wealth Funds Going Greener

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In a recent article of Business World, one of the biggest, yearly investor surveys has revealed an increasing behavioral shift in central banks, sovereign...
China Lightning Fast Investment Campaign

China Surpasses US in Lightning Fast Investment Campaign

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China is preparing to establish a sizable solar panel module plant in Malaysia while at the same time in Laos it is taking steps...
US Govt Has Forgiven PPP Loans

US Govt Has Forgiven Around $400B in PPP Loans

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The Pandemic Response Accountability Committee (PRAC) reported that the government of the United States has forgiven a total of $394.6 billion of loans through...
Syfe Series B Funding

SG Digital Wealth Manager Syfe Raises $30 Million in Series B Funding

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Singapore-based digital wealth manager slash Robo-advisor Syfe successfully raised $30 million in its recent Series B investment round. The funding round comes after it...
Unilever Invests Million To Boost Production

Unilever Invests $277 Million To Boost Production On Its Mexican Factories

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For the next 3 years, Unilever reveals that it aims to increase production and exportation rate with $277 million (5.5 billion pesos) investment on...
MetLife New Pet Insurance Product

MetLife Announces New Pet Insurance Product

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MetLife, Inc., a financial services company, has introduced new pet insurance intending to expand pet insurance coverage and meet the diverse financial demands of...
Younited Credit Yields Million in Fund

Younited Credit Yields $170 Million in Fund Round

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Younited Credit, a France-based company, has secured $170 million in fund round. Consumers in Europe can choose from a variety of credit options offered...
Life360 Family App Unveils Investment Round

Life360 Family App Unveils Investment Round Worth $2.1 Million

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Life360, a family social networking and tracking app, has unveiled a new funding round that will work alongside celebrity investors and influencers. To assist...
Israel Wealth Fund Gets Postponed

Israel Wealth Fund Gets Postponed Due To Low Tax Revenue

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According to the Israel Tax Authority, the wealth fund of Israel has been postponed, and will not begin operations until 2022. The delay is because...
Taiwan Government Offers Billion in Loans For Local Businesses

Taiwan Government Offers T$150 Billion in Loans For Local Businesses

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On Thursday, Taiwan's Cabinet said that the government decided to give another T$150 billion in loans. This move is part of a plan to...
Bolttech InsurTech Earns Unicorn Status

Bolttech InsurTech Earns Unicorn Status with $180 Million Series A

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Bolttech, a global InsurTech firm, has raised $180 million in a Series A funding round. The company, which debuted in Asia in 2020, now...
Sterling Construction Modifies Credit Agreement

Sterling Construction Modifies Credit Agreement with BMO Harris Bank

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Sterling Construction Company, Inc. has modified its current credit agreement with BMO Harris Bank, its lending group. It has revealed that numerous terms of...
Lu International Partners with Schroders Singapore

Lu International Partners with Schroders Singapore For Digital Wealth Management

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To develop digital wealth solutions for Southeast Asia, Lu International (LUI) Singapore, a global subsidiary of Lufax Holding financial service provider, has formed an...
BUX Releases Zero-Commission Investment App

BUX Releases Zero-Commission Investment App in Ireland

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BUX, a fast-growing neobroker in Europe, has released BUX Zero, a commission-free investing app now downloadable in the Apple App Store and Google Play...
Research Reports Disadvantages of Cyber Insurance

RUSI Research Reports Disadvantages of Cyber Insurance

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To protect companies from the cyberattack’s financial consequences, including the expenses of addressing the issues, cyber insurance is created. However, critics claim that insurance enables...
Klarna Teams Up with Climate Change Campaigns

Swedish Fintech Klarna Teams Up with Two Climate Change Campaigns

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Klarna, a Sweden-based fintech company, is the first to support two major climate change campaigns. The partnership with Climate Pledge and the Race to...
HSBC Pledged to Assist UAE's Economic Development

HSBC Pledged $5 Billion in Business Financing to Assist the UAE’s Economic Development

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On Sunday, June 27, 2021, HSBC stated that they are pledging $5 billion in financing to "outstanding" firms in the United Arab Emirates to...
DBS Bank Singapore Payment Processing Fault

DBS Bank Singapore Reports Payment Processing Fault

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DBS Bank Singapore reported on June 18, Friday that some of its credit and debit cards experienced an error in their payment processing, which...
Twitter Ban Could Damage Nigeria’s Tech Investment

Twitter Ban Could Damage Nigeria’s Tech Investment Future

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Nigeria’s future as potentially Africa’s biggest tech hub could be seeing serious setbacks due to a recent ban on Twitter. The Nigerian government has decided...
Bank of Japan To Combat Climate Change

Bank of Japan Launches Lending Facility To Combat Climate Change

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The Bank of Japan (BoJ) has announced that it will offer a lending facility to assist banks in combating climate change. This action is...
Amazon Payment Services Fintech Lab in Dubai

Amazon Payment Services Launches Fintech Lab in Dubai

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To foster payment service innovation, Amazon Payment Services has launched its first-ever fintech lab in Dubai. It is located at the center of the...
Berkshire Hathaway Invests in Nubank

Buffett-Owned Berkshire Hathaway Invests $500M in Nubank

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Brazilian challenger bank Nubank gained a massive $750 million funding in its recent Series G financing extension round. The financing round was led by...
Sovereign Wealth Fund over Human Rights Violations

Three Firms Excluded From Norweigian Sovereign Wealth Fund over Human Rights Violations

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Mivne Real Estate, Shapir Engineering and Industry, and Honeys Holdings have been added to the list of companies excluded from Norway's sovereign wealth fund....
IRS Extends Child Tax Credit to Non-Filers

IRS Extends Child Tax Credit to Non-Filers, Low-Income Families

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The Internal Revenue Services (IRS) announced Monday, June 14, 2021, that it is extending its child tax credit program to parents and low-income households...
Oyen Digital Pet Healthcare Insurer Secures Funding

Oyen Digital Pet Healthcare Insurer Secures RM1.7 Million Seed Funding

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Oyen, a Malaysia-based digital pet healthcare insurance company, has secured RM1.7 million in a seed funding round led by Hustle Fund. Other global investors...
FamPay Indian Fintech Startup Secured Funding

FamPay Indian Fintech Startup Secured $38 Million In Series A Funding Round

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FamPay, a fintech startup based in Bangalore, revealed that the company had secured $38 million in a Series A funding round headed by Elevation...
Cornerstone Home Lending Acquisition of Roscoe State Bank

Cornerstone Home Lending Announces Acquisition of Roscoe State Bank

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Cornerstone Home Lending, a residential mortgage lending company based in Houston, is acquiring Roscoe State Bank, situated in Texas. According to a joint statement, the...
Credit Suisse Loses FIG Team

Credit Suisse Loses Top FIG Team

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Credit Suisse Group AG has recently lost a top team of financial services bankers (FIG bankers) to a major competitor in Jeffries Financial Group...