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Paytm Closes in on $2bn Funding - FT
Paytm

Indian mobile payment giant Paytm is looking to raise $2 billion at a $15 billion valuation, according to the Financial Times.

Existing investors Ant Financial and Softbank are likely to join a round that is expected to close within two months, says the FT, citing sources.

The money will be used to help Paytm stay at the top in a market where its is facing competition from Google Pay, Walmart's PhonePe and the imminent arrival of Facebook's WhatsApp payments service.

Thursday, October 17, 2019 - 07:06
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Financial IT
distributionsclement@globetrotter.net
Thursday, October 17, 2019 - 05:45
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Mastercard’s Principles for Blockchain Partnerships
Mastercard

Not a day goes by without a headline on cryptocurrency, distributed ledger and blockchain initiatives. This technology has undisputable potential and Mastercard, in line with our history of leaning into emerging tech to advance cash displacement and financial inclusion, has been working on blockchain related use cases for several years.

Thursday, October 17, 2019 - 05:15
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Financial IT
Home Bank Migrates to Baker Hill NextGen® Business Loan Origination, Adds CECL Functionality to Full Suite of Products

 Baker Hill, a leading financial technology provider, delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics, announced that Lafayette, La.-based Home Bank has renewed its relationship with Baker Hill, including the addition of Baker Hill NextGen® CECL and Baker Hill NextGen® Business Loan Origination, to increase productivity and efficiency in the lending process and deliver an exceptional digital experience to clients.

 

Thursday, October 17, 2019 - 05:10
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Financial IT
Fintech Company EBANX is the Newest Unicorn in Latin America
EBANX

EBANX, a payments fintech company headquartered in Brazil that connects global businesses to Latin American consumers, has raised a significant follow-on investment from FTV Capital, a US-based growth equity investment firm. The investment contributed to making the fintech company the newest unicorn of Latin America. 

 

Thursday, October 17, 2019 - 05:04
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Financial IT
StormGain Has Launched Trading Signals for Crypto
StormGain

The cryptocurrency platform StormGain, the official sponsor of the Newcastle United Football Club, has launched a trading signal service for its registered clients.

Trading signals do not require special skills and are available to all StormGain traders. Simply open the “Markets” section in the StormGain application and select the appropriate cryptocurrency for trading. 

Thursday, October 17, 2019 - 04:56
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/news/trading-systems/stormgain-has-launched-trading-signals-crypto
Financial IT
DriveWealth Partners with Chaka, New Global Trading Platform in Nigeria, to Increase Access to U.S. Stock Market

DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced today a new partnership with Chaka, a global trading platform based in Nigeria that launched Oct. 15. Chaka’s technology-enabled platform, offering customers access to Nigerian and global financial assets, is using the DriveWealth platform to provide Nigerian clients access to U.S. stocks.

Wednesday, October 16, 2019 - 12:03
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Path Solutions holds the record for winning the same category for a 13th year at IFN Service Providers Poll 2019

Path Solutions, the global provider of Islamic software solutions and services today announced that it was voted ‘Best Islamic Technology Provider’ at Islamic Finance news Service Providers Poll 2019.

Wednesday, October 16, 2019 - 11:51
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Path Solutions
Riskified research reveals disparity in expectations in PSD2 awareness between European retailers and shoppers

Leading eCommerce solution provider, Riskified, announced today a new European-wide study revealing a staggering disparity between retailers’ and online shoppers’ awareness of the Payment Services Directive 2 (PSD2).

Wednesday, October 16, 2019 - 11:41
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Financial services firms lack confidence in their cyber security controls, according to Kroll’s annual Global Fraud and Risk Report

Financial services firms are least likely to have confidence in the effectiveness of their cyber security detection mechanisms compared to other sectors, according to new research from the latest Global Fraud and Risk Report released by Kroll, a division of Duff & Phelps, the global leader in risk mitigation, investigations, compliance, cyber resilience, security and incident response solutions.

Wednesday, October 16, 2019 - 11:37
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