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Swiss Crypto Bank SEBA Launches With Range of Services


SEBA Bank is now fully operational with a range of services to bridge the gap between the crypto world and traditional banking. Licensed in Switzerland, the bank’s crypto services include asset management, trading, custody, and financing. Its wallet app, e-banking, and card enable customers...

ITFC Raises Its Trade Finance and Development Efforts in OIC Countries


International Islamic Trade Finance Corporation (ITFC) has announced that in the third quarter of 2019, it helped in boosting growth in these nations by financing transactions to the tune of $2.2 billion. It is a significant development and shows the sort of financial commitment that has been made...

Google Signs Cloud Computing and Healthcare Data Deal With Ascension


Google’s cloud computing business has managed to sign its biggest cloud computing contract with Ascension to date. Both companies operate 150 hospitals and more than 50 senior citizen homes across the United States. In addition to cloud computing, Ascension is also going to move a bulk of analytics...

OCBC Bank and DBS Team Up With Google Pay to Launch Pay Services in Singapore


OCBC Bank and DBS have tied up with Google Pay to help the two banks launch Google Pay services with PayNow and PayLah! by next year. Peer to peer funds transfer is now a multibillion-dollar industry, and the customers at OCBC will be the first ones in Singapore to make such transfers via Google...

FGI and FBI Indexes of Hong Kong Inaugurate HKU Fintech Index Series Project


The HKU FinTech Index Series Project recently released FGI, the Hong Kong FinTech Growth Index, along with FBI, the Hong Kong FinTech Buzz Index. This move was executed to check regional FinTech firms’ attitudes and their typical sentiment for the industry, as documented by regional media....

Benoit Coeure Appointed as Head of BIS Innovation Hub


Departing Board member of European Central Bank, Benoit Coeure, has been designated as the head for the newly developed Innovation Hub of the Bank for International Settlements beginning on from January 15, the BIS said in an announcement. Furthermore, Benoit Coeure will head another unit of...

Document Reveals That Danske Bank Uses Gold Bullion for Money Laundering


The Danish Danske Bank has been in the eye of a storm for quite some time after it discovers that one of its branches in Estonia has used for money laundering. It has now emerged that the bank had even used gold bullion to launder money. The revelations are going to be embarrassing for Denmark’s...

Holders of the Digital Yuan Will Not Be Paid Interest


China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank...

Fintech Startup DEXTF Raises $460,000 in Oversubscribed Seed Funding Round


In an important development in a FIntech startup, DEXTF (Decentralized Traded Funds) has been able to raise $460,000 in seed funding. DEXTF garnered an oversubscribed response in a funding round with SGInnovate and  LuneX Ventures. Investment Platform DEXTF is a platform where investors...

Reserve Bank of India (RBI) Eases Refinancing Limits on Selected Borrowers


In a development that should come as a major boost for Indian banks that operate overseas, the Indian central bank RBI eased restrictions with regards to refinancing certain loans. According to the policies that are going to go into effect in December this year, foreign branches of Indian banks...

Crypto-Friendly Silvergate Bank IPO Debuts on NYSE


The U.S. Securities and Exchange Commission (SEC) has declared the IPO of pro-crypto Silvergate Bank effective. Its shares started trading on the New York Stock Exchange on Thursday. The crypto-friendly bank works with 756 customers in the crypto space, including Coinbase, Gemini, Circle, Bitstamp...

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