According to a survey conducted by the P2P platform Robo.cash, 78% of P2P investors in Europe made their first investment before the age of 35. One of the reasons to begin investing early is connected with the long-term goals of investors who aim to save money for retirement or to support their children.
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78% of Investors Start Investing Before the Age of 35, According to Robo.cash survey
Monday, November 4, 2019 - 08:39
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Financial IT
ICS Financial Systems Adopts the Latest Oracle Technologies for Production Use-Cases in the Banking Sector at Oracle OpenWorld 2019
ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, and a Gold level member of the Oracle PartnerNetwork (OPN), announced the adoption of the latest Oracle technologies for production use-cases in the banking sector.
Monday, November 4, 2019 - 06:43
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Financial IT
GLEIF: The Power of LEIs to Transform Client Lifecycle Management in Banking
The Global Legal Entity Identifier Foundation (GLEIF) is a not-for-profit organization created by the Financial Stability Board (FSB) in 2014 to support the implementation and use of the Legal Entity Identifier (LEI). The LEI is a unique code that can be used universally to enable the clear and unique identification of legal entities. With its primary use to identify participants in financial transactions, the LEI has global relevance for businesses across sectors.
Monday, November 4, 2019 - 06:10
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Financial IT
Freetrade Closes on $15Million Funding in 2019
Commission-free stockbroking app Freetrade has closed a $15m fundraising round, comprising a $7.5m Series A investment from Draper Esprit and an equity crowdfunding rise of $7.5 million completed earlier this year.
Targeting the millennial market, Freetrade claims to have picked up 50,000 customers in the year since launch.
The UK-based company is currently working on the development of a new investment platform that will give users the option to purchase fractional shares in UK and European stocks, ahead of a wider push into the EU market.
Monday, November 4, 2019 - 06:04
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Financial IT
PayPal Ventures Invests in Japanese Instant Credit Firm Paidy
Paidy, a Japanese instant credit startup, has raised $83 million in a Series C extension joined by PayPal and secured an additional $60 million in debt financing.
PayPal Ventures, Soros Capital Management, JS Capital Management and Tybourne Capital Management joined the extension round. The debt financing comes from Goldman Sachs Japan, Mizuho Bank, Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank.
Paidy launched its post-pay credit account for ecommerce in 2014, helping Japanese consumers make online purchases without credit cards.
Monday, November 4, 2019 - 05:59
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Financial IT
Banks in China Risk Losing US$60 Billion in Payments Revenue by 2025, According to Accenture Report
As much as 13% of banks’ payments revenue in China, or US$61 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture (NYSE: ACN).
Monday, November 4, 2019 - 05:56
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Financial IT
What Crypto Investors Should Be Doing To Minimize Their Taxes
Crypto taxes can be heavy on the pocket; especially when you aren’t prepared for them. Since there isn’t too much awareness around crypto taxes yet, most of us tend to end up with a heavy crypto tax liability come tax season. However, in the past few years, there’s a lot more awareness around crypto taxes, and the IRS has cleared up a lot of the ambiguities surrounding the issue.
Friday, November 1, 2019 - 16:01
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Financial IT
Nets makes changes to the Executive Committee
The payments industry is undergoing heavy consolidation and internationalisation. Nets is actively taking part in this development with the ambition of building a leading European payments player. Recently, several newly acquired companies have been integrated into the group, and Nets has decided to focus on and invest into its strongholds and scalable businesses within merchant services and processing.
To enable the next phase of the strategic journey, Nets now brings new competencies into the Executive Committee.
Friday, November 1, 2019 - 12:43
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Economic crime report from Commons Select Committee
Statistics from RSA Security’s Global Fraud Report for Q2 2019:
Friday, November 1, 2019 - 12:28
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Stratis Smart Contracts Challenge Starts Today
Stratis, an enterprise blockchain technology company, announces that its online hackathon to promote the use of smart contracts is now live. The Stratis Smart Contracts Challenge has been set up to create a community of experts to develop smart contract applications that are useful, easy to use, innovative and can have a big impact in a variety of industries such as financial services, international trade, supply chain, energy and Internet of Things.
Friday, November 1, 2019 - 12:17
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