News - page 145

Fintech & Ecommerce

Goldman Sachs Increases Loan Facility to Hong Kong Fintech Firm FundPark

Hong Kong-based fintech startup FundPark, which specializes in providing trade finance to small and medium-sized enterprises, announced that it managed to raise $500 million from Goldman Sachs.

Science & Technology

China Actively Buys Chip Gear to Beat US Curbs

In 2023, there was a significant increase in the volume of imports of equipment necessary for the production of microcircuits to China.

Finance & Economics

Moody’s Negatively Characterizes Asia’s Sovereign Creditworthiness

Moody’s Investors Service has made a negative outlook on the sovereign creditworthiness of the Asia-Pacific region, citing factors such as the slowdown in China’s economic growth, risks associated with the current state of affairs in the sphere of geopolitics, and tight funding as the reasons for this point of view.

Fintech & Ecommerce

Microfinance Startup FinAGG Raises $11M From Tata Capital, BlueOrchard

Indian fintech FinAGG has raised $11 million in a Series A funding round led by BlueOrchard and Tata Capital to improve financing access for millions of Indian MSMEs.

Fintech & Ecommerce

N26 Rolls Out Stock & ETF Trading

German online bank N26 has launched the long-anticipated Stock and ETF trading product that will allow its customers to buy and sell stocks and ETFs in-app for 0.90 EUR per trade.

Fintech & Ecommerce

India Is Among Top Fintech Cluster Hubs Globally

The World Economic Forum emphasised the role of thriving fintech hubs hosting clusters of fintech corporate headquarters and providing significant operating markets such as Singapore, the UK, the US, Mexico and India for the global growth of the fintech industry.

Fintech & Ecommerce

Credit Agricole Acquires 7% Stake in Worldline

Credit Agricole announces a minority stake acquisition in Worldline expanding on their exclusive strategic long-term partnership.

Science & Technology

Amazon Portfolio Reaches Over 500 Solar and Wind Projects Globally

Amazon invested in more than 100 new solar and wind energy projects in 2023, expanding its portfolio to a size big enough to power 7.2 million U.S. homes annually.

Fintech & Ecommerce

Dataroid Raises $2 Million

Dataroid, a major player in the digital analytics and customer engagement industry, has announced that it has managed to raise $2 million in investment funds.

Finance & Economics

Fed Fines Chinese Bank ICBC

United States regulators have reported fines of about $32.4 million against the Industrial and Commercial Bank of China.

Fintech & Ecommerce

Aldi Introduces App-Free Payments at Checkout-Free Store

Customers at the checkout-free concept Aldi store in London can now simply tap their contactless payment card or mobile phone at a barrier to enter the store.

Fintech & Ecommerce

Mastercard Pioneers Medical Claim Payment Solution

To support healthcare providers and insurance companies in dealing with claim approvals and payouts, Mastercard is introducing a medical claim payment solution in partnership with one of the leading financial institutions in India and Remedinet, a cloud-based health tech platform.

Fintech & Ecommerce

Apple Offers Rivals Access to Mobile Payment Tech

Apple has offered to provide competitors with the opportunity to access its contactless payment transaction technology and interact with this development.

Fintech & Ecommerce

Digital Onboarding Raises $58 Million

Digital Onboarding has announced that it has managed to raise funds for $58 million from the investment firm Volition Capital to realize the intention to expand its digital interaction platform for banks and credit unions.

Fintech & Ecommerce

BNPL Provider Billink Raises $32 Million

Billink, a Buy Now, Pay Later (BNPL) service provider, has announced that it has managed to raise $32 million in investment funds.

Finance & Economics

JPMorgan Chase Says About Increase in Hacker’s Activity

JPMorgan Chase reported that over the past 12 months, there has been a daily increase in the intensity of hacker activity aimed at attempting to infiltrate the systems of this financial institution.