Banking
Craig Wright: Bitcoin Will Not Replace Banks
Bitcoin is known as the first-ever digital money successfully built on blockchain technology, a decentralized electronic cash system that many think aims to replace centralized financial institutions such as banks. However, Bitcoin creator Satoshi Nakamoto, known in the real...
Europe
EU should use perpetual bonds to finance Covid-19 recovery fund
The European commission president, Ursula von der Leyen, has announced that Europe will need about €1tn (£873bn) to fight the Covid-19 pandemic. This money could be used to establish a European recovery fund. But where will the money come...
Insurance
AIA, AYA SOMPO and AYA Bank launch strategic bancassurance partnership in Myanmar
AIA, AYA SOMPO and AYA Bank have entered into a strategic partnership to enable broader access to innovative insurance products and services for the people of Myanmar.
The bancassurance collaboration aims to increase protection and drive insurance penetration in Myanmar....
Insurance
Parachute Digital Solutions launches new online insurance platform in Canada
Parachute Digital Solutions , a Munich Re company, announced the launch of Parachute 2.0, a turnkey product and carrier agnostic online insurance platform for carriers, brokers, employers, associations, and retailers to offer life and supplemental health protection plans in...
Insurance
Universal Sompo launches an AI-powered virtual agent for motor insurance
The COVID-19 pandemic has caused ambiguity and disruption in customer services across the world. In these unforeseen circumstances, Universal Sompo General Insurance has launched Artificial Intelligence (AI) powered virtual agents for its motor claims services.
Universal Sompo's AI-powered virtual agents...
Americas
Bank of America expands commercial contact-free payments
Bank of America has expanded its mobile wallet capabilities for corporate clients in EMEA and APAC. The bank first launched mobile wallet in the United States and Canada in 2018, and this expansion makes it the first commercial bank...
Banking
Virgin Money partners with Codat to boost business bank offering
Virgin Money has partnered with financial and accounting software provider Codat to strengthen its digital business banking offering.
Codat’s financial technology offering would facilitate the easy and secure exchange of data between Virgin Money and its business bank customers.
Under the...
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