Global Bankers Institute

Fintech

Brex | August 19, 2021

U.S. fintech company Brex, the all-in-one finance solution for growing businesses, today announced its $50 million acquisition of Israeli-based Weav, which offers a universal API for commerce platforms. The acquisition allows Brex to expand its global presence by establishing an innovation hub in Israel. Brex offers credit cards, business cash accounts, spend management and bill pay software together in a single dashboard for its growing customer base, though it will continue to e...

Reuters | January 28, 2020

Oil futures edged up on Tuesday after falling for five days, bouncing up with Wall Street, and crude also drew support from talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand. “WTI is correlating to U.S. equities, which are stronger,” said Bob Yawger, director of energy futures at Mizuho in New York. Stronger equities can indicate economic strength and, therefore, a better demand outlook for crude. U.S. stocks rose as gains in ...

Fintech

Global Primex, Metropolitan Commercial Bank | July 18, 2022

Global Primex, a privacy-first payments company specializing in secure digital payment solutions for merchants and consumers, today announced the launch of its payment platform VLoad in partnership with New York-based Metropolitan Commercial Bank (NYSE: MCB). VLoad is an innovative online payment method that provides industry-leading privacy and security to consumers and empowers merchants in the VLoad Merchant Network with increased revenue resulting from unparalleled fraud prevention, dispute ...

ING | March 13, 2020

ING has contributed EUR4.5 million to a $42 million funding round in natural language processing vendor Eigen Technologies. The investment, made through the bank’s venture capital arm ING Ventures, is part of Eigen’s Series B round announced in November 2019, which also included financing from Goldman Sachs. Eigen’s NLP technology is already used by ING in areas such as Libor transition and loan operations. The Dutch bank says it intends to further the use of the technology to ...