Сhipmaker TSMC Сommittes $3.8 Billion to Factory in Germany
Taiwanese chip manufacturer TSMC on Tuesday, August 8, announced the provision of financing in the amount of $3.8 billion for the construction of a plant in Germany.
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Commerzbank Performs Live Blockchain-Based Transactions on Trade Finance Network Contour
Commerzbank has become the first German Bank to successfully carry out blockchain-based Letter of Credit (LC) transactions for its clients at its Singapore and Shanghai branches on the digital trade finance platform Contour
Germany Reportedly Plans to Dole Out €20 Billion to Bolster Semiconductor Manufacturing
The government of German Chancellor Olaf Scholz, according to media reports, intends to provide financing for 20 billion euros for the development of semiconductor production in this country.
Flatpay Raises $16 Million for Flat-Rate POS Technology
The Danish fintech company Flatpay has raised investments for about $16 million as part of a Series A financing round.
Insify Raises $10.7 Million for Its Business Insurance Startup
The startup Insify, which is based in Amsterdam and specializes in providing business insurance services, has attracted investment funds in the amount of $10.7 million following the results of the last stage of the Series A financing round.
Payrails Raises $14.4 Million for Its OS for Complex Payments Flows
Payrails, a startup that has developed a platform for creating and using high-quality corporate payment services, announced on Wednesday, June 7, that it had received funding for $14.4 million.
Germany Falls Into Recession
Germany has slipped into recession amid a decline in consumer spending after last year’s shock in energy prices.
Patient21 Raises $108 Million to Expand Digital Health Platform
Patient21, a German startup operating in the field of digital healthcare, announced plans to start working in new markets after attracting investment funds for $108 million.
Coinbase Introduces Zero Trading Fee Subscription
Coinbase’s new subscription service, “Coinbase One,” provides a range of exclusive benefits and features besides zero-fee trading
Moss and Deutsche Bank Partner on Payments via Expense Management Platform
The media reports that Moss has established a partnership with Deutsche Bank.
Vodafone to Cut 11,000 Jobs
Vodafone announced its intention to lay off 11 thousand employees.
SAP and Google Cloud Introduce Comprehensive Open Data Offering
SAP and Google Cloud have expanded the scope of the partnership and presented a comprehensive open data offer.
Triodos Bank’s 2035 Emission Reduction Targets Validates as Science-Based
The Initiative to Achieve Science-Based Targets (SBTi) confirmed that Triodos Bank’s intentions to reduce the level of harmful emissions to zero have sufficient arguments to recognize this plan as justified.
Finanzguru Raises $14 Million to Bolster Financial Advice Platform
The German company Finanzguru announced that it managed to attract investment funds for $ 14 million following the results of the next round of financing led by PayPal Ventures.
VR Payment and Hawk AI Join Efforts to Prevent Financial Crime With AI
VR Payment, part of the cooperative financial group Volksbank Raiffeisenbanken and DZ BANK Group, partnered with AML and fraud prevention software provider Hawk AI to fight financial crime
Mercedes-Benz and Visa Launch In-Car Payments in Germany
Mercedes-Benz has rolled out the Mercedes Pay+ feature in cooperation with Visa to enable in-car payments for digital services and on-demand hardware upgrades
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