SEB Buys Stake in Nordic InsurTech Hedvig
The Swedish bank SEB has announced the start of strategic cooperation with the Norwegian insurance company Hedvig.
Finance & Economics - page 83
Dubai’s Astra Tech Forms Partnership With Mastercard
Fintech company Astra Tech, which is based in Dubai, announced that as a result of a partnership with Mastercard, it managed to expand its payment ecosystem.
FDIC Plans to Try Again to Sell Silicon Valley Bank
Another attempt to sell the Silicon Valley bank may be made in the near future.
Apexx Global Scores $25 Million Series B
The investment management platform Apexx Global announced the receipt of additional financing in the amount of $25 million.
Bloomberg Agrees Broadway Acquisition
Bloomberg has agreed to acquire Broadway Technology, a vendor front-office technology provider.
Circle Finds New Banking Partner After SVB Failure
The stablecoin issuer Circle, affected by the recent closures of crypto-friendly SVB and Signature Bank, has found a new banking partner recognised for its services to Visa and Coinbase
Australian Taxation Office Implements Crypto Monitoring
The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool
Open Banking Expo Canada — 15 June, 2023
Join Pay Space Magazine at Open Banking Expo Canada on June 15, 2023. Discover innovations and the future of fintechs, banks, and credit unions while connecting with leading industry members and promising forerunners.
Silicon Valley Bank Closure Impacts Hundreds of Startups and VCs
The closure of the Silicon Valley Bank had a major impact on startups and venture capital firms.
Bank of Egypt Ups Withdrawal Limits for Instant Payments
The Central Bank of Egypt has decided to increase the amount of money that can be withdrawn through payment service providers.
Bank of London Offers to Buy Silicon Valley Bank’s UK Operations
The Bank of London has taken the initiative to acquire the British operations of the Silicon Valley Bank, which closed at the end of last week.
F5 and Visa Partner to Reduce Login Friction
F5 announced the beginning of cooperation with Visa in order to provide sellers with a simpler login algorithm for customers.
Binance to Convert Recovery Funds From BUSD to ‘Native Crypto’
Reacting to the sudden collapse of the most crypto-friendly US banks, Binance CEO and co-founder Changpeng (CZ) Zhao reconsidered the firm’s recovery funds, aiming to change them into native crypto
Regulators Close Crypto-Focused Signature Bank
In the US, regulators have decided to close the New York-based Signature Bank, which is one of the largest lenders in the crypto industry.
First Republic Strengthens Liquidity With the Help of JPMorgan
First Republic Bank enhanced and diversified its financial position through additional liquidity from the Federal Reserve Bank and JPMorgan Chase
US Fed Establishes $25B Funding to Support Banks Amid Collapse
The United States Federal Reserve has launched a $25 billion funding program for banks and other depository firms to maintain liquidity as a wave of industry shutdowns has covered another bank
Finance & Economics
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