Citi is signing on to Contour’s blockchain-driven trade finance network, Contour announced in a press release on Sunday (Feb. 16). The bank joins numerous banking giants on the Singapore-based network (including HSBC, Standard Chartered and Bangkok Bank), and made an investment in Contour through Citi Ventures....
Those looking to insure against some of the globe’s largest corporate borrowers are in luck: The debt protection cost has dropped to its lowest point since 2007, according to index provider IHS Markit. Investors are betting that strong continued support from central banks will make...
In a boon for small business (SMB) banking, Redwood Bank has teamed up with Insignis Cash Solutions to offer savings accounts to Insignis’ SMBs through the Insignis Cash Platform, according to a press release. As of mid-February, clients of Insignis can put funds into a Redwood...
The U.K. Competition and Markets Authority (CMA) has approved the acquisition of Experian Payments Gateway (EPG) by B2B payments firm Bottomline Technologies after finding the deal won’t negatively impact competition, according to a CMA report on Tuesday (Feb. 18). Get the Full Story Complete the form...
Banks across the U.S. are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Beyond the obvious health impacts of the Coronavirus outbreak itself, where hospitals are filling up and the death toll is mounting, costs of a different sort are looming. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
India’s largest food delivery company, Swiggy, has raised $113 million in a Series I funding round, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Legacy brands like Clorox and General Mills are facing increased competition due to store placement by retailers using their own data gathering practices to see what customers prefer to shop for and how they behave in stores, according to a report by The Wall Street...
The largest bank in Japan, Mitsubishi UFJ Financial Group (MUFG), has invested over $700 million in Grab, a ride-hailing company in Southeast Asia that also provides food delivery and other services for its customers, according to a report by Bloomberg. Get the Full Story Complete...
