Banking PlatformAnnual Banking Awards winners revealed by World Finance

PRNewswireJuly 7, 20203 min
This year, the financial sector is facing significant upheaval as a result of the coronavirus pandemic. But even before the virus’s spread began to inflict serious damage on nations’ economies, banking institutions were set for a challenging year. Low interest rates are here to stay, the shadow banking sector continues to grow and consumers are expecting more and more of banks’ digital services. Banks’ ability to adopt new technologies and maintain strong customer relations matters...

Brokers/TradingResolute Capital Partners Announces $20 Million Investment Commitment in Finance Technology Leverage LLC

PRNewswireJune 27, 20203 min
Resolute Capital Partners, announced today the company has committed to a $20 million investment in Finance Technology Leverage LLC, a global private equity firm, to finance technological innovations in energy, life sciences, industrial technology, and aerospace that strives to redefine the future FinTech News. “Rarely is a company created with the vision of solving some of the world’s greatest challenges,” said Thomas Powell, senior managing partner and founder of Resolute Capital Partners. “Finance Technology Leverage believes no challenge is...

InsuranceAccenture and Sopra Steria to Help French Insurance Group Covéa Transform Its Finance Function

BusinessWireJune 22, 20205 min
Accenture (NYSE: ACN) and Sopra Steria are helping Covéa, France’s largest property, and casualty insurer, with its finance transformation program as part of a four-year joint agreement. The program aims to modernize and simplify the insurance group’s finance function across its three notable brands — MAAF, MMA, and GMF. Together, Accenture and Sopra Steria will help Covéa converge three separate accounting systems into one integrated platform, which will better integrate with other systems across the...

Investment PlatformsHorizon Technology Finance Provides $20 Million Venture Loan Facility to Provivi

PRNewswireJune 17, 20204 min
Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided a $20 million venture loan facility to Provivi, Inc. (“Provivi”), of which $10 million has been initially funded.Fintech News Provivi is developing cost-effective natural crop protection products which utilize pheromones to disrupt the typical insect mating...

Investment PlatformsChina Rapid Finance Announces Completion of Asset Injection with YBT/SOS and Private Placement

PRNewswireMay 19, 20204 min
China Rapid Finance Limited (NYSE: XRF) (the “Company“) today announced the closing of the asset injection and private placement transactions on May 15, 2020. Upon closing of the transactions, Yong Bao Two Ltd. (“YBT“), a holding company that controls SOS Information Technology Co., Ltd. (“SOS“) via contractual arrangements now becomes a wholly owned subsidiary of the Company.Fintech News YBT, through its consolidated subsidiaries, is a significant player in the emergency rescue business providing emergency healthcare services, emergency...

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