Tag : transaction

Midwest Holding Announces Strategic Reinsurance Relationship with American Republic Insurance Company, a Subsidiary of American Enterprise Group
InsurTech News

Midwest Holding Announces Strategic Reinsurance Relationship with American Republic Insurance Company, a Subsidiary of American Enterprise Group

Fintech News Desk
by Fintech News Desk0
Midwest Holding Inc., a technology-enabled, services-oriented life and annuity platform, announced that its subsidiary American Life & Security Corp. (ALSC) has entered into a reinsurance agreement with American Republic Insurance Company (ARIC), a subsidiary of American Enterprise Group, Inc. (AEG). AEG’s subsidiaries are rated A (excellent) by AM Best. Under the terms of the agreement, ARIC......
EY Contributes a Zero-Knowledge Proof Layer 2 Protocol Into the Public Domain to Help Address Increasing Transaction Costs on Ethereum Blockchain
Digital Finance Fintech News

EY Contributes a Zero-Knowledge Proof Layer 2 Protocol Into the Public Domain to Help Address Increasing Transaction Costs on Ethereum Blockchain

Fintech News Desk
by Fintech News Desk0
— Protocol enables private transfer of Ethereum tokens — Improves efficiency and developer friendliness — Integrates rollup technologies to conduct transfers at an affordable price EY released a new set of tools for privately managing transactions on the Ethereum blockchain. The project, known as Nightfall 3, combines zero-knowledge proofs (ZK......
New Fintech OneFor Challenges the Remittance and Payment Markets with a Cheaper, Faster and Safer Solution
Fintech News

New Fintech OneFor Challenges the Remittance and Payment Markets with a Cheaper, Faster and Safer Solution

Chandni Maske
by Chandni Maske0
 – The disruptive end-to-end proprietary solution enables borderless money transfers in less than one second – OneFor’s international transfer fees are nearly 70% less than the remittance market average and nearly half of the World Bank’s Sustainable Development Goal (SDG) target – Led by entrepreneurial FinTech veterans, Marco Abele, Ex-Chief Operating and Digital......
Rivonia Road Capital Provides $78 Million to Pioneering Fintech Accept.inc, Backed by Y Combinator and Others, to Bring a Cash Offer to Every Home
Fintech News

Rivonia Road Capital Provides $78 Million to Pioneering Fintech Accept.inc, Backed by Y Combinator and Others, to Bring a Cash Offer to Every Home

Fintech News Desk
by Fintech News Desk0
Rivonia Road Capital will support pioneering fintech to amplify the platform’s 2020 success, where it bought hundreds of millions of dollars in homes, resulting in 14x revenue growth Rivonia Road Capital, a global alternative asset manager focused on credit for high growth companies, announced that it has provided $78 million......
Finastra Exceeds 150 App Milestone in its FusionStore Marketplace
Banking Digital Fintech Mobile Banking News

Finastra Exceeds 150 App Milestone in its FusionStore Marketplace

Fintech News Desk
by Fintech News Desk0
– Open platform momentum sees more fintechs able to access growing markets and reduce sales cycles – Financial institutions gain fast access to innovative app capabilities including digital banking, cross-border payments, regulatory compliance and more  Finastra is celebrating over 150 apps now available in its FusionStore marketplace, for financial institutions to......
Zoom to Acquire Kites GmbH
Fintech News

Zoom to Acquire Kites GmbH

Fintech News Desk
by Fintech News Desk0
Kites Team to Help Enhance Zoom’s Machine Translation Capabilities Zoom Video Communications, Inc. announced it has signed a definitive agreement to acquire Karlsruhe Information Technology Solutions – Kites GmbH (“Kites”), a start-up dedicated to developing real-time Machine Translation (“MT”) solutions. The terms of the transaction were not disclosed. Kites was......
Balanced DeFi Platform Releases Price Charts, Statistics Page, and the First DAO Vote
Digital Finance Fintech News

Balanced DeFi Platform Releases Price Charts, Statistics Page, and the First DAO Vote

Fintech News Desk
by Fintech News Desk0
The ICON Network’s first design-led DeFi product will give 60% of its $1M+ earnings back to its users if the vote passes Balanced announced an update titled the Geometry Release. It includes price charts, a statistics page, and transaction history. But the major highlight is a vote to distribute the......
eBay Completes Transfer of Classifieds Business to Adevinta
Business Commerce E-commerce News

eBay Completes Transfer of Classifieds Business to Adevinta

Fintech News Desk
by Fintech News Desk0
Company receives cash and shares, increases 2021 share repurchase plan eBay Inc., a global commerce leader that connects millions of buyers and sellers around the world, announced that it has completed the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion in cash and a 44% equity stake......
Columbia Banking System, Inc. Enters California Through The Acquisition Of Bank Of Commerce Holdings
Banking Commerce News

Columbia Banking System, Inc. Enters California Through The Acquisition Of Bank Of Commerce Holdings

Fintech News Desk
by Fintech News Desk0
Columbia Banking System, Inc., the holding company for Columbia State Bank, and Bank of Commerce Holdings, the holding company for Merchants Bank of Commerce, announced the signing of a definitive agreement to merge Bank of Commerce into Columbia in an all-stock transaction valued at approximately $266.0 million, or $15.72 per share of Bank of Commerce common stock based on Columbia’s stock......
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