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Metromile Launches Ride Along to Demystify Pay-Per-Mile Car Insurance

October 14, 2020

Drivers can understand if their driving can result in a lower car insurance rate before they sign up with Ride Along from Metromile. (Business Wire: Graphic)

SAN FRANCISCO–(BUSINESS WIRE)–Oct 14, 2020–

Metromile, the leading pay-per-mile car insurance company in the U.S., today announced the launch of Ride Along, a free new way for drivers to understand if their driving can result in a lower car insurance rate before they sign up. More than 124 million Americans could be overpaying for car insurance, missing out on as much as $947 a year in savings because they do not pay per mile, according to a recent survey of new customers who saved with Metromile.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005336/en/

Drivers

Singapore launches first institute dedicated to green finance research and talent development

October 13, 2020

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SINGAPORE: Singapore’s first institute dedicated to green finance research and talent development was launched on Tuesday (Oct 13) by the Imperial College Business School and Lee Kong Chian School of Business at Singapore Management University (SMU).

The institute is supported by the Monetary Authority of Singapore and its launch was announced by the central bank’s managing director Ravi Menon during his keynote speech at the Financial Times’ Investing for Good Asia conference.

“MAS is committed to developing a vibrant green finance research and talent ecosystem in Singapore,” he said.

“The Singapore Green Finance Centre will be an important part of this ecosystem.”

Commentary: The world is hungry for green cooling solutions. Thankfully, Singapore is pioneering them

The finance centre will draw on the strengths of Imperial College and SMU in climate science, financial economics and sustainable investing, MAS said in a joint news release with the two schools.

Mercury Insurance Launches Programs to Help California Homeowners with Wildfire Risk

October 12, 2020

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LOS ANGELES, Oct. 12, 2020 /PRNewswire/ — Wildfire season is well underway, with wildfires scorching a record breaking number of acres up and down California, and the peak of the season is yet to come. Mercury Insurance (NYSE: MCY) today announced two new programs the company is launching to help Californians better protect their homes and families if they live in areas prone to wildfires. Homeowners who take one or more steps to either harden their homes against wildfires or live in a community recognized by the National Fire Protection Association® (NFPA) as a Firewise USA® site will be eligible to receive discounts of up to 18%. And, homeowners who have a California Fair Access to Insurance Requirements (FAIR) Plan policy are now able to strengthen their protection with Mercury’s new difference-in-conditions endorsement, which fills the gaps in their FAIR Plan coverage.

Mercury Insurance is one of the

Hippo Finance launches first community governed DeFi hedge fund

October 11, 2020

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The Ethereum based decentralized finance (DeFi) protocol Hippo Finance launches the first community governed hedge fund for anyone interested in investing in crypto farming tokens safely.

Team Hippo aims to set a new industry standard for DeFi farming protocols, as a result, all the code will be audited by two independent security firms before launch.
Hippo Finance is powered by a three token ecosystem, designed to provide farming operations that are sustainable and incentivizes holding HIPPO tokens long term.
Users decide how the decentralized hedge fund is spent through transparent on-chain voting: burn, invest in another project, or distribute as dividends.

London, October 9, 2020 – Hippo Finance, a liquidity mining platform on Ethereum, today announces the launch date of its community governed DeFi hedge fund. Users will generate returns from staking HIPPO tokens in various farming pools, along with growing the decentralized hedge fund which token holders decide to

Emirates Development Bank launches national supply chain finance platform

October 11, 2020

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Digitalisation of financial services has become a core focus of UAE government

Initial phase offering payables finance solution now live

Abu Dhabi: Emirates Development Bank (EDB) today announces the launch of UAE’s National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital by enabling suppliers to gain quicker access to money owed, while buyers get more time to pay off their invoices.

The project is supported by the UAE Federal Government and was developed through the close collaboration between Emirates Development Bank, the International Finance Corporation (IFC), a member of the World Bank Group and HPD LendScape.

The initial phase of the project, offering a payables finance solution, has now gone live. The next phase is set to provide a comprehensive suite of buyer and supplier centric SFC variations, including Islamic Finance products.

Faisal Aqil Al Bastaki, Chief Executive Officer of EDB, said:“With SME’s

Venmo Launches A Credit Card; Pandemic Has Changed Our Card Habits

October 9, 2020

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Venmo Launches Its First Credit Card, Offering Up To 3% Cash Back, Personalized Rewards

The Venmo Credit Card is rolling out to select customers. The Visa card offers 3% cash back on eligible purchases, personalized rewards and tools to track and manage finances. What makes the card potentially appealing to Venmo’s younger user base is how the card is directly integrated into the Venmo mobile app. Users can earn rewards from eight spending categories. Users will earn 3% back on their top spending category, 2% from the second highest category, then 1% on all others. [Tech Crunch]

Venmo is trying to capture young adults with the company's first-ever credit card — Venmo is trying to capture young adults with the company’s first-ever credit card

© 2018 Bloomberg Finance LP

How the Pandemic Is Changing Americans’ Credit Card Habits

Over half of those surveyed in September said that they’ve put money towards a debt as a direct result of the pandemic, or plan to in

Max Life Insurance launches ‘Buy Now, Pay Later’ feature

October 8, 2020

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Making an effort towards providing the best services during covid times, Max Life Insurance has introduced ‘Buy Now – Pay at Approval’ feature for the customer while purchasing online policies. In its continuous endeavor to strengthen customer trust, the feature that is available for policies bought online, allows customers to apply for a policy with the proposal form and a payment instruction through a digital payment method, without the actual deduction of money until the proposal is evaluated by the insurer. The actual premium deduction happens just before the policy issuance.

The feature ensures that the customer does not need to make any payment at the time of applying for the life insurance policy and the charge to the customer’s credit card happens only at the time of the insurer accepting the risk.

Reviewing data for online term sales of Max Life, it has been observed that nearly 8% of

Walmart launches health insurance plans in time for Medicare open enrollment

October 6, 2020

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Kaltbaum Capital Management President Gary Kaltbaum on Walmart launching a subscription service, Amazon getting into the luxury market, Hobby Lobby raising employee wages and Taco Bell coming out with a wine.

Walmart is entering the health insurance business, just in time for those signing up for Medicare open enrollment this fall.

The Bentonville, Ark.-based retailer announced Tuesday the opening of Walmart Insurance Services to “assist people with enrolling in insurance plans—and simplify what’s historically been a cumbersome, confusing process.”

“We want customers to feel confident in selecting a Medicare plan that best fits their needs, budget, and lifestyle,” David Sullivan, general manager of Walmart Insurance Services, said in a statement. “And we want to be a trusted partner on their health care journey.”

WALMART TO TEST DRONE DELIVERY OF COVID-19 TEST KITS

Walmart Insurance Services, a licensed insurance brokerage, will begin selling Medicare insurance plans during this year’s Annual Enrollment

Dow Jones Posts Small Gain as Boeing Predicts Tough Decade Ahead, Walmart Launches Insurance Business

October 6, 2020

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The stock market was volatile on Tuesday after posting solid gains to start the week. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 0.37% at 1:10 p.m. EDT today, outperforming the other major indexes.

One thing keeping the stock market in check could be comments from Federal Reserve chairman Jerome Powell, who warned on Tuesday that too little government aid would lead to a weak economic recovery. Congress has yet to agree on additional stimulus measures, and an agreement does not appear close.

Shares of Boeing (NYSE: BA) were moving in the wrong direction on Tuesday after the airplane manufacturer predicted a difficult decade ahead. Meanwhile, the stock of Walmart (NYSE: WMT) was little changed after the retailer announced an insurance brokerage business.

Image source: Getty Images.

Boeing forecasts tough years ahead

The coronavirus pandemic has greatly reduced demand for air travel. While the number of daily air passengers

Bank of Thailand Launches World’s First Government Savings Bond on IBM Blockchain Technology

October 5, 2020

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$1.6B USD in government savings bonds were successfully sold within a week of launch

BANGKOK, Thailand, Oct. 5, 2020 /PRNewswire/ — SIBOS — IBM (NYSE: IBM) today announced that Bank of Thailand (BOT), the central bank, has successfully launched the world’s first blockchain-based platform for government savings bonds issuing a total of $1.6B USD within two weeks.

IBM Corporation logo. (PRNewsfoto/IBM)

Leveraging blockchain technology on the highly secured IBM Cloud, the platform allows investors to benefit from speedy bond issuance, reducing a process that previously took 15 days to two days. The efficiency provided by blockchain also reduces operational complexity and the overall cost of issuing bonds.

According to The Thai Bond Market Association, the outstanding Thai bond market stood at $421B USD as of December 2019. Government bonds dominate the Thai market, with outstanding value of $157B USD in 2019 ¹, accounting for 37% of the