CompWest Insurance

FINANCIAL MANAGEMENT

Wells Fargo and HSBC Holdings plc | November 18, 2022

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore yuan (CNH). The offshore yuan marks the fifth currency to be settled between the two banks using a shared settlement ledger that currently encompasses the U.S. dollar, Canadian dollar, British pound sterling, and the euro. Since launching the shared DLT solution in December 2021, HSBC and Wells Fargo have settl...

PAYMENTS, FINTECH

Businesswire | May 29, 2023

UniCredit and Mastercard today announce a global expansion of their payment partnership. The agreement sets the stage for the start of a strong partnership consistent with the UniCredit Unlocked strategy. This is the first time any large commercial bank has put in place a single card multi market strategy of this scale in Europe. It brings together in one agreement UniCredit’s ability to harness the collective weight of 13 banks as one institution with Mastercard’s e...

FINTECH

Novae LLC | November 08, 2022

Black-owned fintech and finance company Novae LLC has announced the launch of a new online tool designed to help small businesses to find grants and tax incentives that can help them to grow exponentially. Called Novae Grants, the new tool will allow users to search a database of thousands of financial assistance opportunities from both the government and the private sector. Tax credits which small businesses may qualify for will also be included in the database. No...

CORE BANKING, FINTECH

J. Safra Group | December 05, 2022

Safra New York Corporation, the parent company of Safra National Bank of New York, announced that it has entered into a definitive agreement to acquire Delta North Bankcorp and its subsidiary, Delta National Bank and Trust ("Delta"). Delta provides private banking and wealth management services to high net-worth clients through its offices in New York and Miami. The acquisition is a strategic extension of Safra National Bank of New York's private banking busine...