‘Switch to Crypto is Moving at Breakneck Speed’ Reports Payment Firm
- 4 years 11 months ago
- Payments, E-Wallets, Cryptocurrencies, Banking
A leading e-wallet firm has revealed that cryptocurrency deposits increased by 48% in the first quarter of this year while fiat (official government) currency use remained flat. STICPAY figures show Bitcoin is the leading cryptocurrency of choice for its e-wallet users, dwarfing Ethereum, Litecoin and Tether by 38 times their combined usage.
Commenting on the UK Eonomy Set to Achieve the Expected 7.25% Growth Forecast in 2021
- 4 years 11 months ago
- Wealth Management
Commenting on the UK economy set to achieve the expected 7.25% growth forecast in 2021, Rupert Thompson, Chief Investment Officer at Kingswood, said: “The UK economy held up better than expected during lockdown in the first quarter. GDP posted a 1.5% drop over the quarter as a whole but encouragingly grew a larger than expected 2.1% in March as the economy started to reopen. These numbers will bolster hopes that the economy will achieve the 7.25...
How to Make SPAC Investing Profitable
- 4 years 11 months ago
- Investment Management
SPACs have recently become so popular because they offer opportunities for a higher valuation. SPAC in full is a Special-Purpose Acquisition Company. SPAC refers to a company that has no commercial operations. They are set up to raise capital to acquire existing companies to be merged with private companies. SPACs are desirable to private companies because major shareholders and founder can sell the companies at a higher percentage than they...
Why Explore Online Trading Platforms
- 4 years 11 months ago
- Trading Systems
In the last decade, online investing has become a pretty popular trend. Of course, there’s a good reason for this. Thanks to the rise of online trading platforms, people worldwide now have a chance to secure a better financial future for themselves through various investment opportunities. While taking a gander at the stock market might have seemed like a tedious task not too long ago, online trading platforms make it easy for everyday Joe’s to...
Jumio’s Automation Surpasses 1 Million Verifications Per Day as Company Celebrates 118% Increase in Revenue
- 4 years 11 months ago
- Artificial Intelligence, Security, Authentication Technology
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it is now processing more than one million daily identity verifications, the vast majority of which are completely automated. By consistently setting new records, Jumio has already cleared over 100 million different transactions so far in 2021 alone, with YTD revenue growing more than 118% year-over-year.
Banking Circle joins P27 initiative as a front-runner bank to support consolidation of currently fragmented Nordics payments ecosystem
- 4 years 11 months ago
- Transaction Banking, Payments, Banking
Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in...
Marqeta Partners with Swissquote to Enhance Digital Banking and Trading Offerings
- 4 years 11 months ago
- Banking
Marqeta, the global modern card issuing platform, today announced it is partnering with Swissquote, a leading provider of online financial services, to offer a new app-based card program that gives users control over a range of financial activities, including banking and investing, in a single digital space.
Tech R&D Firm Consult Red Pioneers Employee-Ownership
- 4 years 11 months ago
- Corporate, Non-Financials
Consult Red, the technology R&D firm, has today announced it is becoming an employee-owned company. Consult Red works with the likes of Liberty Global, Comcast and AT&T to develop cutting-edge in-home entertainment technology and other connected secure IoT products.
Paynearby on Surge in Cash Circulation Amidst Rise in Digital Payments
- 4 years 11 months ago
- Payments
According to RBI --- Cash in Circulation at a Decadal High even when Digital Payments have soared.
Google Cloud and PayPal Expand Relationship
- 4 years 11 months ago
- Payments
Google Cloud and PayPal today announced they are deepening their relationship to further accelerate PayPal’s digital transformation and evolving customer needs. Under this expanded relationship, Google Cloud will provide both infrastructure and analytics capabilities to support PayPal’s growth, helping the company process transactional data at a massive scale.
Cytora Strengthens Senior Team as Karen Green Joins Advisory Board
- 4 years 11 months ago
- People Moves
Today Cytora announces that Karen Green has joined the company’s advisory board, where she will play a key role in driving Cytora’s growth as part of its mission to digitise commercial insurance risk.
Elon Musk/Bitcoin - Response Comment from Stephen Kelso, ITI
- 4 years 11 months ago
- Bitcoins
Stephen Kelso, Head of Markets at ITI Capital comments:
FinecoBank Announces Record Breaking Profits and UK Growth
- 4 years 11 months ago
- Trading Systems, Investment, Banking
FinecoBank, one of Europe’s leading fintech banks, reported record volumes from its UK client base this quarter. Fineco’s current accounts increased by around 50% in April 2021 compared to the end of 2020.
Five Degrees Announces Swishfund as Launching Customer for Their New Cloud Native Core Banking Platform °neo.
- 4 years 11 months ago
- Core Banking
Five Degrees is delighted to announce Swishfund as its first customer on °neo, its new cloud native core banking platform. Fintech Swishfund was founded in 2016 and provides direct lending products to SME businesses in the Netherlands and the United Kingdom. Swishfund will migrate its existing customer base onto °neo, as it focusses on further expanding its business.
Sydney-based Morrison Securities Turns to Eventus Systems for Trade Surveillance
- 4 years 11 months ago
- Trading Systems, Asset Management
Eventus Systems, Inc., a leading global provider of multi-asset class trade surveillance and market risk solutions, announced today that Sydney-based Morrison Securities, a major Australian stock brokerage firm, will deploy its Validus platform for trade surveillance in equities, equity options and warrants.
