Silicon Valley Bank UK, the bank of the most innovative companies and investors in the UK and Europe, today announced the closing of financing for UK-listed global technology company Wise. Silicon Valley Bank UK acted as lead arranger of the syndication, with six other banks participating in the new £300m capital facility to support Wise’s future
The main reason that credit cards try to lure you in with welcome bonuses, rewards, and travel perks is to improve your chances of earning interest on your credit card. Credit card interest, also known as APR, or annual percentage, can easily add up to more than late fees and annual fees combined. As a
Banks have started to send $13bn in cash backing Elon Musk’s takeover of Twitter according to people familiar with the matter, the latest sign the $44bn deal for the social-media company is on track to close by the end of the week after months of twists and turns. Musk late on 25 October sent a
Papaya Global, the leading global people management platform for the remote working era and already known as a payroll technology innovator, has announced today that it is now poised to further extend international payments through cutting-edge technology with the integration of J.P. Morgan’s payment processing products and solutions that could transform Papaya’s global payroll enabling
BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, has announced support for Polygon and MATIC. Consumers can buy, store, swap and spend MATIC within the BitPay app later this week. For the first time, BitPay app holders will have access to spend other ERC-20 tokens including USDC, DAI, ETH and WBTC on
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced that Kiraboshi Bank, a regional bank based in Tokyo, Japan, is live on the nCino Bank Operating System. The JPY 6,361.4 billion-asset Bank implemented nCino’s Commercial Banking Solution to enhance its business financing, part of its journey
Nexi, the European PayTech, and Illimity Bank S.p.A., a high-tech Banking Group, announce a new partnership to support Italian SMEs: b-ilty, Illimity’s digital store of financial and credit services aimed at small and medium-sized enterprises, expands its offering with Nexi’s digital collection solutions. Starting today, Italian SMEs will be able to rent or purchase Nexi’s products and
The origins of blockchain technology can be traced to David Chaum, who first proposed the idea in the early 1980s. You might be most familiar with blockchain today as the home of cryptocurrencies like Bitcoin. In an effort to increase transparency, blockchain technology keeps track of all Bitcoin transactions. However, blockchain technology is not just
Wio Bank PJSC, the region’s first platform bank, has announced a partnership with Stripe, a financial infrastructure platform for businesses, which will enable SMEs in the UAE to access the power of e-commerce faster and more easily and conveniently. Through this collaboration, Wio Business, the company’s first digital banking application, will enable SMEs and independent contractors—who
OKX, the world’s second-largest cryptocurrency exchange, today announced that it is partnering with Pyth network, a next-generation Oracle solution built on the Solana blockchain and designed to provide trusted and verifiable market data to decentralized applications. “Given the recent liquidation events in DeFi, we understand that a high-performance, robust and low latency market data oracle
Studies show that after a major bank introduced a credit card that was designed to inspire emotional connections with holders, its use increased by 70%. Another showed that emotional connections can increase customer lifetime value by up to 800% for financial services firms. In this video, Business Development Manager for Digital Banking, Ahmed Khidhir breaks
There are a few aspects of personal loans that we all are aware of. They are currently available, versatile, and simple to use. Personal loans, like home loans and business loans, allow you to receive some tax benefits while making your payments. Are Personal Loans Taxable? The loan amount you get from a personal loan
