Financial Services Stories

Singapore’s DBS Bank plans to launch a crypto exchange

Singapore’s banking stalwart DBS, formerly known as Development Bank of Singapore, is mulling over launching a crypto exchange.  A cached page, which was erroneously uploaded...

PayPal enters Crypto Market, causes BTC price to cross $12,000 mark

The payments scion of Silicon Valley, PayPal, has expanded its business provisions to include the trading of cryptocurrency. Reuters reported that PayPal customers in...

Stripe enters African business space with acquisition of Paystack

Stripe, an upcoming global leader in payments, has entered Africa to provide ease of access in e-commerce services. The finserv giant has acquired a...

China: Yushan Bank unveils new Machine Learning-based platform for businesses

China’s Yushan Bank recently launched its MLaaS (Machine Learning as a Service) platform, enabling its clients to use Machine Learning services through lightweight APIs....

Razer Fintech collaborates with Funding Societies to provide short-term loans to MSMEs

Razer Fintech, an offline-to-online (O2O) services provider decided to collaborate with Funding Societies in Asia to provide short-term financing services to small businesses. Razer’s Merchant...

Visa and Mastercard to stop credit services in Palestine after alleged terror links

Global payments sector giants Visa and Mastercard have been questioned about their credit services in the Palestine region over ties to funding terrorism. Allegedly,...

French Fintech Kard gets €3m funding, aims to expand services to Gen Z Parents

French fintech startup, Kard, has received €3m funding from Founders Future and a few angel investors. Using this financial backing, Kard plans to unveil...

Leaked: EU to work on new financial watchdog for digital currencies 

The European Union (EU) is the first regional block all set to pioneer digital currency use. According to a leak posted online, the region...

Mastercard creates CBDC testing platform for all financial institutions

World leader in payments, Mastercard, has unveiled a brand new testing structure for CBDCs across the globe. With hordes of financial institutions looking to...

Malaysian Fintech JurisTech acquires financial comparison aggregator iMoney

Malaysian FinTech JurisTech acquired iMoney, a Malaysian website which provides financial guidance to individuals. The amount involved in this acquisition was not disclosed. JurisTech is...

Tesla sets up insurance broker company in China to provide better financial services

Tesla Motors set up an insurance broker company in Shanghai on August 6, 2020. According to regulatory filings, it was listed on the National...

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