Banking
Visa to accept transactions in US dollar-backed cryptocurrency USDC
Visa has announced the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle its transactions over Ethereum, an open-source blockchain.
The company is pilot testing the new capability with its partner Crypto.com and intends to...
Banking
BNP Paribas reports 38% rise in Q1 2021 income to €1.7bn
BNP Paribas has reported a net income of €1.76bn for the first quarter ended 31 March 2021, an increase of 37.9% compared to €1.28bn for the corresponding quarter in 2020.
The bank has reported an operating income of €2.33bn for...
Americas
Southern California Bancorp to Acquire Bank of Santa Clarita
Southern California Bancorp, the holding company for Bank of Southern California, N.A., and Bank of Santa Clarita jointly announce the signing of a definitive merger agreement pursuant to which Southern California Bancorp will acquire Bank of Santa Clarita through...
Insurance
COVID-19 driven organisational tsunami puts change top of insurance agenda
Bureaucracy was thrown out of the window’ as insurers faced change or die ultimatum, delegates heard at the Intelligent Insurer Claims Innovation USA virtual event.
COVID-19 has forced the insurance industry to radically change the way that it does business...
Asia Pacific
Chinese insurtech firm expands reach in Southeast Asia
Next Insurance, the leading digital insurtech company transforming small business insurance announced a partnership with Amazon Business to provide eligible members the opportunity to access customized small business insurance. This partnership will allow Business Prime members to easily obtain...
Insurance
Omniscience Launches OmniExtract to Speed Life Insurance Risk Selection
The solution enables automated, rapid, and sophisticated life insurance underwriting decisions about new customers, regardless of whether the potential insured has a complex history.
Omniscience has launched OmniExtract, a customer intelligence solution that the vendor says makes it possible, for...
Asia Pacific
AirPay FinTech teams up with AsiaPay to support eCommerce merchants
Australia fintech company AirPay Financial Technologies (AirPay FinTech) has collaborated with AsiaPay, a payment gateway operating in Asia Pacific region.
The coaboration is aimed at enabling merchants in Australia and New Zealand to accept Alipay, WeChat Pay & UnionPay, through...
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