Kabbage furloughs employees in US, shuts Indian office
Online financial technology company Kabbage is furloughing several its employees in the US and closing down its Bangalore office in…
Month: March 2020
CRIF inks a deal to acquire 100% stake in Strands
CRIF, an Italy-based credit information company, has agreed to fully acquire fintech firm Strands to create a global digital solutions…
Canada cuts down capital requirement, freeing C$300bn for lending
Canada’s banking watchdog has reduced the amount of capital banks have to set aside for a buffer, freeing up C$300bn…
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Covid-19: RBC puts temporary hold on job cuts in 2020
Royal Bank of Canada (RBC) has decided not to cut jobs in 2020 due to the on-going coronavirus (Covid-19) outbreak.…
Standard Chartered pledges $1bn for companies tackling Covid-19
Standard Chartered has committed $1bn in financing for companies that provide goods and services to help the fight against coronavirus…
Microsoft collaborates with Plaid to turn Excel into fintech app
Technology giant Microsoft has partnered with Plaid new financial management offering, which will turn the spreadsheet software into a fintech…
EU postpones new capital rules to help coronavirus lending
The European Union has decided to delay tough new capital requirements for banks in order to encourage business and consumer…
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Covid-19: Standard Bank extends instalment relief to personal accounts
South African Standard Bank has extended its Covid-19 relief measures also to customers who hold personal accounts. This is the…