Alibaba Group Holding Limited (NYSE: BABA) announced that more than USD 7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival. 

Soldo, the first multi-user spending account, has today announced the official consumer launch of its first product aimed at families who want to get a grip on their everyday finances .

In the first half of 2016 alone, there were more than one million incidents of financial fraud, an increase of 53 per cent on the same period last year; with identity fraud against individuals costing an estimated five billion pounds last year.

 Fiserv, a leading global provider of financial services technology solutions, has received the 2016 IDC Financial Insights FinTech Rankings Real Results Award for Customer Engagement for pioneering the use of Verifast™: Palm Authentication at Gesa Credit Union in Richland, Washington.

The Real Results Awards are published in conjunction with the annual IDC Financial Insights FinTech Rankings, based on 2015 calendar year revenues attributed to financial institutions. Fiserv ranked fourth out of 125 vendors in the latest IDC FinTech rankings.     

I consider myself a citizen of the world.  I guess that’s because I fly around so much.  Everywhere I go, I find the same thing.  Warm, fantastic people who welcome me like a brother and complain about the idiot running their country.  This is common to every country, just that some idiots are more extreme than others, which is why the people suffer while those in power gain.  That is our way of life.

oday, Citibank announced the launch of Citi Pay, a new digital wallet that will provide Citi customers with a simple and fast option for online, in-app and in-store payment needs.

Mizuho Bank’s Netherlands-based subsidiary has successfully implemented Wolters Kluwer’s OneSumXto provide a solution for risk calculations and multi country regulatory reporting. The leading Japanese bank is already an existing Wolters Kluwer customer across a number of European countries.

SETL, the London based financial blockchain specialist, has appointed national security expert Martin Clements CMG OBE to its board.  

SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions.

jClarity, the Java performance tuning specialists, today announced that Rightmove, the UK's largest property portal has selected jClarity to improve the performance of their property search applications. Rightmove will benefit from jClarity’s specialist performance diagnostics engine, machine learning algorithms and expert Java advice to improve their users’ property search experience.