Young Chinese Fuels the Country’s Online Retail Trade

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Chinese millennials in the country are using mobile apps to trade stocks, according to a report. China already has the largest online retail securities market...

Survey: Nearly Half of Americans Don’t Make Home Inventory List

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Nearly half of US residents have never created a home inventory list, a survey by Farmers Insurance found. According to the insurer's data, around 44%...

ZestFinance to Use Artificial Intelligence in Lending Process

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ZestFinance has recently announced its new technology, ZAML Fair. This new software launched by the company makes use of artificial intelligence (AI) to help...

CBA: Unpaid e-Toll Bills Will Not Hurt Credit Scores

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The South African Credit Bureau Agency (CBA) announced recently that unpaid e-tolls will not have any impact on people’s credit scores, according to The...

Singapore’s InstaReM Raises $59.5M Fund for Asia Expansion

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Now considered as Southeast Asia’s top-funded Fintech startups, Instarem announced last March 19 the close of over $41M series C funding led by Vertex...

Australia’s Rich increases their Wealth by $2M a day according to Research

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The recent research conducted by Oxfam International shows that Australia’s Super-Rich increases its wealth by $2M a day. Approximately 70 per cent of the country’s...

Israeli Fintech Companies Under Attack by Cardinal RAT

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A malware campaign is currently targeting financial technology companies in Israel, according to SC Media. At the forefront of this attack is an upgraded...

Bill Gates Is Now Worth $100 Billion

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The wealth of Bill Gates has reached $100 billion, according to Bloomberg's list of the world's 500 wealthiest people. The Bloomberg Billionaires Index found that...

Sacramento Police Arrests 4 Members of Credit Card Skimming Group

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Sacramento, California police say four members of a large credit card skimming group used small cameras to capture victims using ATMs in different places...

Golden Gate and Hanwha Partner Up, Investment Fund in the Works

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Singapore’s Golden Gate Ventures and South Korea’s Hanwha Asset Management Co. is teaming up to provide a Southeast Asian investment fund. The joint venture...

Grab Launches SME Lending and Micro-Insurance

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The Singaporean-headquartered company Grab Financial Group launched new services SME lending and Micro-Insurance during Money 20/20 Asia Conference in Singapore held last March 19,...

Sephora Announces 3 Cobranded Credit Cards

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Beauty department store giant Sephora announced last March 16 the three special credit cards to be launched this Spring. The new credit cards Sephora Credit...

London Named as the Leading Wealth Center

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The Knight Frank City Wealth Index has recently named London as the world’s leading fortune center, replacing New York in the top spot. According to...

Stockpiling Proves to be Detrimental to Cashflow

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In light of the threat of the Brexit pushing through without establishing a withdrawal agreement, businesses left and right are stockpiling. In fact, 2.4...

JPMorgan Chase Invests $350M for Employee Development

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The bank announced last Monday, March 18, that they will be funding series of training worth $350M to help develop skills required for the...

FIS Buys Worldpay for $43 Billion

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US financial technology giant FIS has acquired British payments processing firm Worldpay for $43 billion. The acquisition, which was billed as a merger, will give...

UAE Hosts Crypto Asset and Fintech Forum

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Last Sunday, March 17, 2019, the United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) came together to host a...

Report Says Credit Card Mismanagement Leads to Stress

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Many Americans mismanage their credit cards that can result in stress, a new study revealed. Commissioned by Clever Real Estate and carried out by Pollfish,...

India’s Digital Lending Grows $230 Bn

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Digital lending in India continues to expand and grow with more FinTech companies taking advantage of unsecured loans for funding. The Omidyar-BCG report states that...

Flood Insurance Plan May Hike Premiums and Reduce Property Values

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The Trump administration proposes a new plan that will change how risk will be computed under the National Flood Insurance Program (NFIP). According to analysts,...

GPGF to Withdraw Wealth Fund in Oil and Gas Companies

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The world’s largest wealth fund from Norway announced last March 8 that they will discontinue investments in oil and gas firms due to environmental...

Travel Insurance Claims Rise After Boeing 737 Max Grounding

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Travel insurance companies have been reportedly receiving an alarming number of calls following the grounding of Boeing 737 Max jets. The grounding of the...

Credit Investors Concerned About Anticipated Global Recession

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Bank of America Merrill Lynch (BAML) conducted a survey with European financial managers that showed fear regarding a potential global recession. Around 20% of...

China Looks to Support Small Business Loans

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China looks to increase tolerance for small to medium enterprises by strengthening its tolerance for non-performing loans. According to the Financial Times, the country...

US Millionaires Outnumber Sweden Residents

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The year 2018 seems to be a good one for the United States’ 0.1% as it was the year the number of households earning...

Indonesia Shuts Down 168 Fintech and 47 Investment Companies

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Indonesia’s Investment Alert Task Force has just recently shut down at least 168 financial technology and peer-to-peer (P2P) companies, as well as 47 investment...

Reverse Mortgage is Set for a Comeback

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Tagged by Bloomberg as America’s most hated home loan, reverse mortgage, allowing homeowners over age 62 to convert some of their home equities into...

Toyota Invest $13 Billion in the U.S., Adds 600 Jobs in Roster

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Toyota Motor Corp. had recently announced its plans to invest $13 billion in the United States. According to Fortune, the investment would bring in...

College Cheating Scandal Affects Hercules CEO

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Following the allegations regarding the recent college admissions bribery scandal, Hercules CEO and founder, Manuel Henriquez, was charged with his involvement in the college...

IBM and CULedger Collaborate for Blockchain Services

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IBM and CULedger have recently collaborated to provide the public with blockchain-based services. Their recent partnership aims to give credit unions with lasting services...