Insureon

FINTECH

Rocket Companies | December 27, 2021

Rocket companies, the Detroit-based platform company, announced its agreement to acquire Truebill. Rocket companies being a tech-driven company that deals with real estate, mortgage, and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto is going to take on personal finance with Truebill—an app that assists consumers to manage every aspect of their financial lives. Truebill has gained immense popularity among consumers looking to li...

CORE BANKING

Equifax, AccountScore | February 10, 2021

In order to improve Open Banking and insights competences of the company, Equifax, Inc. (NYSE: EFX) has recently acquired AccountScore Holdings Limited, a transaction data analytics company. This acquisition will help the company to enhance commercial and consumer products offerings. This would be made possible with the assistance of AccountScore in combining Equifax’s traditional credit bureau information with bank transaction data. This integration also bene...

Wall Street | April 20, 2020

Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus. The Dow Jones Industrial Average (DJI) fell more than 2% minutes after opening down 147.39 points, or 0.61%, at 24,095.10. The S&P 500 (SPX) opened lower by 28.94 points, or 1.01%, at 2,845.62, while the Nasdaq Composite (IXIC) dro...

FINTECH

Visa, Currencycloud | July 23, 2021

Visa announced today that it has entered into a definitive agreement to purchase Currencycloud, a worldwide platform that enables banks and fintechs to provide innovative foreign currency solutions for cross-border payments. Currencycloud is valued at £700 million, including cash and retention incentives, as part of the acquisition, which builds on the two firms' existing strategic cooperation. The financial consideration will be decreased by Visa's existing ownership of Currencycl...