Manulife Financial Corporation has announced its agreement to acquire a 75% stake in Comvest Credit Partners for US $937.5 million in upfront cash consideration. This strategic acquisition is set to significantly scale Manulife’s private credit capabilities, bringing together Comvest’s US $14.7 billion in assets and Manulife’s US $3.7 billion Senior Credit business to form an
Vola Finance, a personal financial management platform, has officially launched Vola CreditMap—a comprehensive loan management dashboard aimed at empowering consumers to take control of their personal debt and improve their credit scores. Designed with simplicity and impact in mind, CreditMap offers users a centralized experience to manage all forms of debt, including credit cards, student
Deloitte has announced the integration of advanced artificial intelligence (AI) capabilities into Omnia, its global cloud-based Audit & Assurance platform, aimed at transforming the audit experience. These innovations address the increasing complexity of the business environment by providing agile, integrated solutions. The AI enhancements are part of Deloitte’s ongoing investment in cutting-edge technologies to drive
Equifax®, a global leader in data, analytics, and technology, has teamed up with Qlarifi, the first real-time consumer credit database specifically designed for Buy Now, Pay Later (BNPL) lending, to conduct a groundbreaking joint study. The focus of the study is to evaluate how the inclusion of Buy Now, Pay Later data affects credit risk
Following a formal evaluation by Standard & Poor’s (S&P), a well-known credit rating agency with a stable outlook, Fidelidade – Companhia de Seguros, S.A. and its reinsurance branch, Fidelidade RE – Companhia de Resseguros, S.A., were given long-term Issuer Credit Ratings (ICR) and Financial Strength Ratings (FSR) of ‘A’. This rating reflects S\&P’s confidence in
Brex, a leading corporate card and spend management platform, has closed a $235m revolving credit facility to bolster its product growth and scale its card solutions. The two-year credit facility was led by Citi as the senior lender, with TPG Angelo Gordon participating as a supporting lender. This latest funding initiative is expected to further
Innovation is essential to ensure payments keep pace with consumer demand and to enable merchants to find new ways to engage and serve customers. However, to ensure that innovative new payment methods are introduced and their benefits are realized by both consumers and businesses, payment decision-makers are reluctant to take the plunge and adopt new
With two consecutive quarters of negative growth, we are by definition in a recession. The next question is, will it be light or heavy? While signs are currently pointing to a mild recession and a “light landing,” which is the ideal outcome, the advertising industry has taken a hit. Regardless of what we’re going through,
In terms of innovation, consumer-to-business (C2B) and consumer-to-consumer (C2C) payment technologies are currently leading the way against business-to-business (B2B) alternatives. For example, PayPal payments can be made in real-time, while business-to-business payments can take days or even weeks. While protracted payments mostly occur when steps are taken to ensure the safety of all parties, many
Feb 18, 2023
Allianz Group is one of the world’s leading insurers and asset managers. We offer our customers in more than 70 countries a wide range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance.
As we all know, integrated finance refers to the integration of financial services into non-financial products and services, such as retail websites, mobile apps, and even physical products. In other words, it is making financial services more accessible and convenient for consumers by integrating them with the products and services they already use. Over the
Join Socure experts as they discuss the rising issue of online payment fraud and the new regulations for bank account validation. Learn about industry-leading verification solutions, including consumer-permission, data-driven, and micro-deposit options and Socure’s newest solution, Account Intelligence, for validating bank account ownership and open status.
