Myanmar Launches Its First Credit Bureau
Myanmar launched its first modern credit bureau last Wednesday, December 30, 2020, with the help of Credit Bureau Asia (CBA). According to The Business...
China Probes Fintech Operations to Fend Off Risks
Financial and banking regulators in China are looking into Internet platforms and their fintech operations to limit the risks of cybersecurity in the country.
The...
Vauld Enters Full Crypto Bank with $2M Funding Backup
Singapore-based lending platform Vauld raised $2 million to expand into a full cryptocurrency bank and issue debit and credit cards.
This funding round was led...
Saudi Sets Up Security Sector to Expand Economy
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) has launched a new company that will expand the security sector in the Kingdom.
Driving...
Dayton Real Estate Acquires $183M-Worth of Property
Expanding in three markets, Dayton-based investment firm The Connor Group has made huge purchases in Indianapolis, Tampa, and North Carolina.
In about eight days, the...
Georgia Insurance Exchange Enrollees Surge By 10 Percent
The number of people who enrolled for the health insurance exchange in Georgia increases by 10 percent, reaching half a million by 2021.
With the...
Payment Platforms Block Credit Cards Access on Pornhub
Following the investigations that the world’s largest porn site Pornhub contained videos of child sexual abuse, revenge porn, and rape, large payment companies decided...
Rent A Center Inc. Stocks Jump After Fintech Acquisition
Following its announcement to enter a definitive agreement with fintech company Acima Holdings LLC, Rent-A-Center Inc.’s stocks increased to a massive 10 percent on...
Brazilian Lending Firm Creditas Gains $255M in Series E Round
Brazil-based lending startup Creditas raised $255 million in its Series E financing round. The company announced its success on Friday, December 18, 2020. The...
Zomato Raises $660M in Series J Investment Round
Online food delivery and restaurant guide company Zomato announced Friday, December 18, 2020, that it had closed a $660 million deal in its Series...
German Insurtech Wefox Expects High Revenues in 2021
Insurance technology startup Wefox recently revealed its predictions for 2021 and said that the year will be a profitable one, said Insurance Journal. It...
Credit Suisse Eyes Increase in Wealth Management Profits
Wealth management group Credit Suisse announced Tuesday, December 15, 2020, its plans to increase its profits within the next three years by at least...
European Union Seeks to Help Banks Dealing with Bad Loans
As the virus pandemic leaves the banking industry unstable with a barrage of loans possibly defaulted and soured, the European Union (EU) has laid...
Zurich Insurance to Acquire Metlife’s Car and Home Coverage
Swiss insurance company Zurich Insurance Group will be adding Metlife Inc’s auto and home insurance business to its portfolio for $3.94 billion in cash,...
Fintech Startup Tink Raises $103M, Now Valued Over $800M
Stockholm, Sweden-based financial technology startup Tink successfully raised fresh funding amounting to €85 million or approximately $103 million. Following this, the company’s valuation rose...
Various PoS Security Issues Puts Credit Cards Under Threat
Point-of-sale (PoS) terminals made by Ingenico and Verifone, two of the world’s largest manufacturers, are said to contain security issues. According to Forbes, the...
Airbnb CEO’s Valuations Rises to Over $11B Following IPO
Following the successful and massive Airbnb initial public offering (IPO), its chief executive officer Brian Chesky is now said to be valued well over...
Modularbank Raises €4M in Late Seed Funding Round
Tallinn, Estonia-based financial technology company Modularbank has successfully raised €4 million in funding in a late seed funding round. The recent funding round was...
Student Loan Payments to Resume in February
Americans with student loans received good news when the United States Department of Education extended the pause of payments until January 2021, said CNBC....
Uber Sells Self-Driving Car as It Raises to Build Profit
Uber Technologies Inc. sold its self-driving unit called Advanced Technologies Group (ATG) to Aurora Innovation in a deal announced Monday, December 7, 2020. According...
Major League Baseball Teams Sue Insurers to Cover Pandemic Losses
All Major League Baseball teams are working to file a suit against insurance providers in light of billion-dollar losses during the 2020 season, said...
Goldman Sachs Assigns New Global Wealth Management Heads
Global investment banking leader Goldman Sachs Group Inc. names two co-heads for global private wealth management, to intensify revenue streams.
John Mallory and Meena Flynn...
Visa and BlockFi to Launch a Joint Credit Card
Visa partnered up with cryptocurrency startup BlockFi to offer a credit card that carries Bitcoin instead of fiat money or airline miles, said Business...
Tokyo’s Fintech Initiative Currently Accepting Applicants
The Tokyo Metropolitan Government (TMG) has launched an accelerator initiative called Fintech Program: Asia meets Tokyo, said Japan Today. This program is part of...
Mike Ashley’s £50M Loan Rejected by Topshop Owner Philip Green
Mike Ashley’s Frasers Groups, previously known as Sports Direct, offered £50 million in emergency funding to Arcadia Group owned by Sir Philip Green, which...
AU Investment Giant Invests in Bitcoin Due to Client Demand
Billion-dollar worth Australian investment group Pendal Group has started to diversify its portfolio into Bitcoin, as contracts on Chicago Mercantile Exchange showcases huge potential...
Caura Enters Insurtech, Set to Launch Car Insurance
Car management platform Caura is set to offer its own auto coverage through the so-called “Caura Project,” said Tech Crunch. This new product is...
JPMorgan Chase Agrees to Pay $250M for Wealth Management Blunders
The United States’ regulators at the Office of the Comptroller of the Currency (OCC) revealed that JPMorgan Chase has a pattern of misconduct in...
Paytm’s Instant Credit Service Offers Flexible EMI Options
India’s leading digital financial services platform Paytm announced Monday, November 23, 2020, that it has launched flexible Equated Monthly Installments (EMIs) for its postpaid...
African Firm Chipper Cash Receives Series B Funding from Bezos
African financial technology company Chipper Cash landed a $30-million deal in its Series B funding round. The round was led by Ribbit Capital with...
