Late last month the Bank for International Settlements issued a report which strongly supported the concept of CBDCs as the blockchain-based technological advancement which would change the way the world interacts with money. In the report, the BIS indicates that a Central Bank Digital Currency would offer protections against nefarious activity while still offering benefits in the realm of cross-border payments.
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BIS Report Supports Fintech CEO’s View on CBDC Wave
Friday, July 9, 2021 - 09:14
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Financial IT
Mail.ru Group Pays Over $2,000,000 to Researchers for Security Tests of its Services
Mail.ru Group paid another reward within the framework of the vulnerability search program with international platform HackerOne: the researcher received $40,000. The total amount that the company paid in bounties under the program exceeded $2 million.
Friday, July 9, 2021 - 08:35
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Financial IT
CHF Soars, JPY, EUR Up, AUD, Asian, EMFX Slump, Stocks, Yields Slide
CHF Soars, JPY, EUR Up, AUD, Asian, EMFX Slump, Stocks, Yields Slide
Slowing Global Recovery, Rising Inflation, Covid Cases Weigh on Risk
Friday, July 9, 2021 - 08:33
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Financial IT
Virtual AGMs double Shareholder Engagement in 2021
New data released today by Lumi reveals that virtual AGMs have rapidly become the norm in 2021 and are driving record levels of shareholder engagement.
The company behind the AGMs of over 5000 global organisations has analysed three years of meeting data to reveal that 90% of AGMs in 2021 have been, or are planned to be, fully remote in 2021, with 9% shifting to a hybrid model.
Thursday, July 8, 2021 - 17:57
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Financial IT
Smarter Contracts Leads by Example in Helping People and Businesses Take More Control Over Their Data
Smarter Contracts, a privacy software company that provides tools that allow businesses and individuals to take more control over their data, today announced that it has successfully passed the first stage of its ISO 27001 and ISO 9001 certifications. The company is being supported throughout the process by Assured Clarity, a global consultancy that specialises in risk management and data privacy.
Thursday, July 8, 2021 - 17:26
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Financial IT
DealShare Raises $ 144 Million in Fresh Round of Funding
DealShare, India’s fastest growing social ecommerce startup known for pioneering the community group buying (CGB) model in India, has announced that they have raised $144 Million in their latest funding round. The round was led by Tiger Global and was co-led led by WestBridge Capital, Alpha Wave Incubation (a venture fund backed by ADQ, and managed by Falcon Edge Capital) & Z3Partners with participation from Partners of DST Global, Matrix Partners India, and Alteria Capital.
Thursday, July 8, 2021 - 17:18
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Financial IT
Cascades and Flinks Form Strategic Partnership
Cascades Financial Solutions Inc., a PureFacts company, and Flinks announced today a strategic partnership to provide financial services firms with a best-in-class retirement income planning experience. The collaboration will see the integration of Cascades’ decumulation planning engine with Flinks’ financial data aggregation and analytics platform.
Thursday, July 8, 2021 - 17:12
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Financial IT
Liti Capital Announces New $5 Million Investment to Acquire New Assets
Liti Capital SA, the blockchain litigation finance company, announces an investment of $5 Million. The initial private raise of $10M secured assets worth up to $100m of potential asset value. This $5M will be used to purchase assets worth up to a potential $50m. This $150m potential value dwarfs the current market cap of $25M. Those assets are what back the LITI equity token.
Thursday, July 8, 2021 - 17:03
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Financial IT
Traditional banks will be reduced to storage vaults by 2030 unless they move away from a one-size-fits-nobody digital approach, Quadient warns
Traditional banks must move away from their current one-size-fits-nobody digital approach, or risk losing control of their customer relationships and being reduced to money storage vaults by 2030, warns customer experience expert Quadient. If they want to continue to be a vital element in their customers’ lives, traditional banks must refocus efforts, embrace a human-centric approach and offer a wider range of services that meet customer needs.
Thursday, July 8, 2021 - 16:59
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Financial IT
FDCTech Appoints Charles R. Provini as the New Independent Director
FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fully integrated financial technology company with a full suite of digital financial services solutions, today announced the Board of Directors of the Company increased the size of its Board from four to five directors and appointed Charles R. Provini, age 74, to the vacancy. Mr.
Thursday, July 8, 2021 - 16:58
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Financial IT
