Global finance leaders Citi, Bpifrance, Deutsche Börse, Fidelity to join first ever London-based conference focused on the institutionalization of digital assets Feb. 10
- 6 years 5 months ago
- Blockchain, Trading Systems, Cryptocurrencies
BlockWorks Group (BWG) today announced that on Feb.
TemTum Launches World’s Fastest Payment Mobile Wallet on iOS and Android
- 6 years 5 months ago
- Blockchain, Payments, E-Wallets, Cryptocurrencies, FinTech StartUps
TemTum (temtum.com), the quantum-secure, ultra-
RegTech Leader AxiomSL Establishes Business Operations Centre in Limerick, Ireland
- 6 years 5 months ago
- RegTech, Risk Management
AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announces the opening of a business operations centre in Limerick, Ireland, creating as many as 100 jobs over the next five years. The office will be located in the National Technology Park in Plassey.
Apple Buys Edge AI Experts Xnor.ai For a Reported $200 Million
- 6 years 5 months ago
- Artificial Intelligence
Apple has acquired Seattle-based edge AI experts Xnor.ai for a reported $200 million. If you recognise Xnor.ai, it’s likely because the company’s technology once powered the person-detection feature on Wyze’s popular cameras. Xnor.ai abruptly cancelled their contract with Wyze back in November – and now we know why. In layman’s terms, edge computing means the processing is done on-device. On-device computation has significant advantages when it...
Visa Is Buying Fintech Startup Plaid For $5.3 Billion
- 6 years 5 months ago
- Payments
Visa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users' bank accounts to transfer funds—for $5.3 billion. That marks a doubling of Plaid’s value in a year. The eight-year-old San Francisco company last raised funding a year ago at a $2.65 billion valuation. In 2019, Plaid doubled its number of customers to reach 2,600, and it expanded beyond the U.S. to the U.K., Spain, France and Ireland.
Revolut Raise Set to Value Business at $5 Billion
- 6 years 5 months ago
- Retail Banking
UK-based Revolut is on course to achieve a $5 billion valuation during an upcoming funding round, according to documents from lead investor Technology Crossover ventures (TCV) Financial News, which has viewed the prospectus, says the round is expected to close later this month. Silicon Valley TCV, an early investor in the likes of Spotify, Airbnb and Netflix, closed a $3 billion fund in January 2019 to back fast-growing new economy companies.
Confluence Appoints Annabel Giles as Chief Human Resource Officer
- 6 years 5 months ago
- People Moves
Confluence Technologies, Inc.
Capgemini and Efma launch Financial NewTech Challenge 2020
- 6 years 5 months ago
- Infrastructure
Capgemini and Efma today launched the Financial NewTech Challenge 2020, powered by FinTechVisor, which offers an opportunity for NewTechs and financial institutions to showcase their collaborative business solutions to an elite panel of experts and industry influencers.
RiskFirst targets North America growth with hire of former PBGC CEO
- 6 years 5 months ago
- People Moves
Fintech company RiskFirst (A Moody’s Analytics Company) has appointed Charles Millard to develop its North American defined benefit (DB) pensions client base, which includes pension plans, consultants and asset managers. Millard, working in an advisory role based in RiskFirst’s New York City office, will harness his expertise and extensive network of North American pension plans to help grow RiskFirst’s client base in the US and Canada.
DolEx Streamlines Processes with Cloud-Based Deployment of Fiserv Anti-Money Laundering Technology
- 6 years 5 months ago
- Financial
Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that DolEx Dollar Express, Inc. and its affiliate, Europhil, will enhance their anti-money laundering (AML) processes with te
Equifax Agrees $1.38bn Data Breach Lawsuit Settlement
- 6 years 5 months ago
- Security
A US judge has rubber-stamped a $1.38 billion settlement related to the massive 2017 data breach at Equifax - capping the amount available for cash payouts to victims. As first reported by BankInfo Security, the federal judge has given final approval for a settlement that deals with a class action lawsuit against Equifax. Mirroring an agreement reached between Equifax and the Federal Trade Commission last year, the settlement sees the tens of...
Australian Lender Wisr Raises $35 Million
- 6 years 5 months ago
- Retail Banking
ASX-listed marketplace lender Wisr has raised $35 million via a placement of approximately 181 million ordinary shares. Wisr offers small to medium loans to help consumers pay down debt at rates based on borrowers’ individual risk profile. The five-year old company also operates a credit score comparison service. The firm says it will use the proceeds of the placement to grow its credit product offerings and strengthen the balance sheet.
Turkish Banks Switch on Digital Gold Transfer Network
- 6 years 5 months ago
- Cryptocurrencies
Turkish banks have begun the transfer of a cryptocurrency representing physical units of gold via a blockchain platform developed by Istanbul Clearing, Settlement and Custody Bank (Takasban). The private cryptocurrency, dubbed BiGA, represent the equivalent of one gram of gold stored in the vaults of the Istanbul Sotck Exchange. The BiGA blockchain platform and gold transfer system caters for the export, amortization and transfer of digital...
Ex-CFTC Chair Launches Digital Dollar Foundation
- 6 years 5 months ago
- Blockchain
Former Commodity Futures Trading Commission (CFTC) chair Chris Giancarlo is teaming up with Accenture to explore the creation of a US central bank digital currency (CBDC).
TreasurySpring makes senior Sales hire on the back of strong appetite for FTFs
- 6 years 5 months ago
- People Moves
TreasurySpring, the London-based financial technology company that enables firms to minimise risk and maximise returns on excess cash balances, today announced that John Bentley has joined as Head of Sales to lead the firm’s expansion strategy.
