LATEST NEWS

TikTok Global Minority Shareholders

Oracle, Walmart to Become TikTok Global Minority Shareholders

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Software firm Oracle Corp. and retail corporation Walmart Inc. recently announced their plan to invest in TikTok Global, Bloomberg reported. When combined, the two...
Korea Non-Life Insurance Covering Infectious Diseases

Korea Braces for Non-Life Insurance Covering Infectious Diseases

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The Korea Insurance Development Institute (KIDI) announced on Wednesday, Sept. 16, its plans to develop an insurance product covering individuals and businesses of financial...
Snowflake Makes Biggest IPO

Snowflake Makes Biggest IPO, Brings in $3.4Bn

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Warren Buffet-backed Snowflake announced Wednesday, September 16, 2020, that its valuation more than doubled on the first trading day of its initial public offering...
Apple Rewards Visa No Longer Offered to Apple Card

Apple Rewards Visa No Longer Offered to Favor Apple Card

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Apple and Barclays Bank credit card partnership has come to an end as the companies will stop issuing the Apple Rewards Visa. Reuters reported...
UK Banks Agreement to Back Fintech Firms

UK Banks Sign Agreement to Back Fintech Firms

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In the move to accelerate the United Kingdom’s tech and fintech initiatives, Tech Nation has launched the Fintech Pledge with support from HM Treasury...
ADB Approves Additional Emergency Loan to PH

ADB Approves Additional $500m Emergency Loan to PH

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The Asian Development Bank (ADB) approved another emergency loan to the Philippines amounting to $500 million last Thursday, September 10, 2020. The policy-based loan...
Indian Investment App Groww Bags Funding Round

Indian Investment App Groww Bags $21.4M Series C Funding Round

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Investment platform Groww announced a $21.4 million funding led by venture capital firms Ribbit Capital, Sequoia India, and Y Combinator. The investment app targets millennials...
BIMA Improved Insurance Services

BIMA Gets $30M for Improved Insurance Services

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Startup insurer BIMA recently snagged $30 million in funding, which will be used to provide additional insurance and telemedicine services, said Tech Crunch. The...
Sovereign Wealth Fund to Give Market Relief

Iran to Use 1% of Sovereign Wealth Fund to Give Market Relief

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Following a massive lost of shares amounting to over a fifth of its value in just a month, the Securities and Exchange Organization is...
Buy Now, Pay Later Booms in AU, Replaces Credit Cards

Buy Now, Pay Later Booms in AU, Replaces Demand for Credit Cards

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Australians are seen paying off debt from credit cards and cutting them completely, as they turn to newer financial options in the buy now,...
Jiko First to Acquire a National Bank

Fintech Firm Jiko First to Acquire a National Bank

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Startup digital bank Jiko recently became the very first financial technology company to completely secure a nationally regulated financial institution namely the Mid-Central National...
Crowd2Fund News Credit Models for Relaunch

Crowd2Fund Adds News Credit Models for Relaunch

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Crowdfunding platform Crowd2Fund announced its relaunch and features an updated credit model for its website. The lender also announced its plans to extend its support...
Ingka Group Investment Toward Sustainability

Ingka Group to Make 600m-Euro Investment Toward Sustainability

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IKEA stores owner Ingka Group pledges to make a €600 million investment (approximately $712 million) towards meeting its sustainability goals over the next 12...
California Legislature Mental Health Parity Law

California Legislature OKs Mental Health Parity Law

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California legislature passed a mental parity bill last September 1, requiring insurance companies to cover mental conditions, addiction, along with medical care. The increase of...
World Billionaires Break Records

World Billionaires Break Records By End of August

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The richest people across the globe just made new wealth records during the last week of August. Bloomberg reported that the world billionaires earned...
Virgin Atlantic Approved Credit Rescue Deal

Virgin Atlantic Approved for £1.2b Credit Rescue Deal

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Virgin Atlantic has successfully obtained a £1.2 billion rescue deal after a group of creditors moved to back the airlines after being affected by...
Razer Expansion to Digital Banking

Razer Eyes Expansion to Digital Banking Overseas

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Gaming hardware company Razer plans to offer digital banking services overseas and expand to other opportunities as it awaits a full bank license in...
UK’s Public Debt Reaches Due to Pandemic

UK’s Public Debt Reaches £2T Due to Pandemic

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The United Kingdom government’s debt recently reached a new high when it accumulated over £2 trillion in light of the virus pandemic spending, reported...
Google to Invest in Amwell

Google to Invest $100M in Amwell

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Google Cloud is slated to invest $100 million into telehealth provider Amwell following its initial public offering (IPO) filing with the Securities and Exchange...
Illinois Residents to Lose Health Insurance

175K Illinois Residents to Lose Health Insurance

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Following the closure of companies in Illinois, Chicago due to the pandemic, about 175,000 residents are expected to lose universal health coverage. An estimated 186,999...
Temasek Adds Stake at BlackRock

Temasek Adds 3.9% Stake at BlackRock

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State-owned investment organization Temasek easily becomes one of the largest shareholders of management firm BlackRock following a purchase of another 3.9 percent shares worth...
Norway Wealth Fund Loss

Norway Wealth Fund Hit with $21B Loss

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Considered the world’s largest sovereign wealth fund, Norway admits to losing a massive 188-billion-kroner (roughly equivalent to $21 billion) loss following a turbulent first...
Grab, Maybank Launch Mastercard Credit Card

Grab, Maybank Team Up to Launch Mastercard Credit Card

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Malayan Banking Bhd (Maybank) has partnered with ride-hailing and payments solution giant Grab, as well as global payment provider Mastercard, to launch the Maybank...
Yapily Works with American Express for Pay

Yapily Works with American Express for Pay with Bank Transfer

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In a post on its website, Yapily revealed that it will be partnering up with American Express to offer open banking payments in Europe...
China P2P Lending Investors

China P2P Lending Investors Face $115Bn Losses

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China Banking Regulatory Commission said peer-to-peer (P2P) lending investors saddled more than 800 billion yuan in debt following the failed lending platforms. What was once...
Roper Technologies to Buy Insurtech Vertafore

Roper Technologies to Buy Insurtech Vertafore for $5.35B

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Denver, Colorado-based insurance software provider Vertafore is slated to be acquired by Roper Technologies for $5.35 billion. The company decision was announced on Thursday,...
HSBC Warns Against Investing in JBS

HSBC Warns Against Investing in Meat Company JBS

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HSBC analysts recently released cautionary announcements over the possible risks of getting JBS investments said The Guardian. The warning came after a series of...
ByteDance Enters HK Stock Brokerage and Wealth Management

ByteDance to Enter HK Stock Brokerage and Wealth Management

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China-based TikTok parent company ByteDance is set to move back into the Hong Kong market as its trademark registration documents show that the firm...
UnionBank and Lazada E-commerce Card

UnionBank Join Forces with Lazada for E-commerce Card

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With the heightened online purchases due to the pandemic, the UnionBank of the Philippines tandems with Singapore-based e-commerce website Lazada for a new credit...
Huawei Cloud-Based Digital Payment Service

Huawei Releases Cloud-Based Digital Payment Service

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Chinese tech company Huawei recently announced its participation in the digital payments arena with a cloud-based solution, according to a post on the firm’s...