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Virtu Financial Launches New Unit ” Virtu Capital Markets” for Capital Markets
8.11.2019
In a new development that will be closely watched by the financial industry Virtu, announced the launch of a separate business unit “Virtu Capital Markets” that is going to be solely concerned with the capital markets. Virtu Financial is going to provide some specialized services that could prove...
Fintech Startup DEXTF Raises $460,000 in Oversubscribed Seed Funding Round
8.11.2019
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
8.11.2019
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...
DBS Bank Partners with Singapore Government to Launch Blockchain Trade Platform
8.11.2019
Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade
Crypto-Friendly Silvergate Bank IPO Debuts on NYSE
8.11.2019
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...
Stellar’s Plan to Win Global Payments: Play Nice With the Finance Cops
7.11.2019
Stellar's first-ever conference in Mexico City gathered entrepreneurs eager to lean into global financial regulations
Development Bank of Namibia Brings High-Level Finance to Namibia
7.11.2019
The financial industry has grown at a fair clip over the past decade or so in Africa, and one of the nations that can now boast of a highly evolved finance industry in Namibia. However, such development does not take place in a vacuum, and there needs to be institutional support in place so that...
Tmunity Raises $75 Million in Series B funding for T-cell Therapies Advancement
7.11.2019
Biotherapeutics is an industry that has grown at an impressive pace throughout the past few years, and one of the better-known companies in that space is privately held Tmunity Therapeutics. In a new development that must have come as a big boost to the company and the wider industry, Tmunity...
Mainstream Renewable Power Closes $580 Million Wind and Solar Financing Deal in Chile
6.11.2019
Wind and solar energy are fast emerging as one of the most important sources of renewable energy, and Mainstream Renewable Power is one of the better-known names in this industry. On Tuesday, the company announced that it has managed to close financing to the tune of $580 million for...
Fineon Teams Up With Aon to Cater Credit Insurance on Export Finance Platform
6.11.2019
Fineon Exchange is one of the more innovative finance companies in Europe, and in a new development, it has emerged that the Luxembourg based company has teamed up with Aon for one of its latest projects. Fineon has launched a highly innovative platform meant for providing export finance, and...
SEC Commissioner Discusses Proposal to Restrict Shareholder Voting Aimed to Limit Insider Accountability
6.11.2019
In a blog post on the Securities Exchange and Commission (SEC) website, SEC Commissioner Robert Jackson Jr discussed the proposed revision in rules and regulations regarding investors voting and accountability of corporate insiders. Jackson Jr stated that there is a need to examine these rules...
IBM Teams Up With Bank of America to Create Cloud Technology for Financial Services
6.11.2019
In a development that is surely going to have far-reaching ramifications for the banking and financial services industry, International Business Machines (IBM) announced today that it had created a financial services centric cloud technology in partnership with Bank of America. It is a significant...
New Hire to Head Digital Currency Research at the US Fed
5.11.2019
The United States Federal Reserve is looking to employ a Manager, Retail Payments, part of whose responsibilities will be to oversee the research of digital currencies and distributed ledgers. The job ad has been published amid pressure from Capitol Hill to explore the possibilities of issuing...
Standard Chartered & IFFCO Completed Palm Oil Trade Using Dltledgers Platform
5.11.2019
In a development that could eventually have far-reaching implications for businesses, IFFCO Singapore and Standard Chartered completed a palm oil trade using the blockchain platforms powered by dltledgers. The deal in question was not only about palm oil but also its extracts. However, the more...
Rwanda’s Plan Momentum Rise to Become Financial Hub in Africa
5.11.2019
Over the past few years, the African country of Rwanda has made a conscious effort to become one of the key financial hubs in the region, and it seems that its plans are finally taking shape. It has emerged that the Rwandan Government’s highly ambitious projects, Kigali International Financial...
Edoardo Battista Ancora Joins BDO Advisory to Focus on Financial Advisory Services
5.11.2019
Key appointments in the world of finance are always big news, and one such came about today after it was announced that Edoardo Battista Ancora has decided to join Luxembourg based BDO Advisory. Ancora is well known for his experience in both financial advisory services and in corporate finance...
How Blockchain Disrupts Global Business | Sibos 2019
5.11.2019
Cointelegraph travelled to London to learn why businesses are now experimenting with blockchain technology
The North American Bitcoin Conference Returns
4.11.2019
Pioneers of the global Bitcoin and blockchain community will converge in Miami for a historical conference, continuing to propel cryptocurrency from niche to mainstream. Now in its seventh year, The North American Bitcoin Conference is the longest-running and most attended finance conference...
Morningstar Announces Its Plans to Acquire AdviserLogic to Empower Investor Success
4.11.2019
In a new development that could make big waves in the Australian finance industry, Morningstar, Inc has announced that it has agreed to acquire adviser software company AdviserLogic. The acquisition is being made through Morningstar Australasia Pty Limited, subsidiary of Morningstar, Inc. According...
Global Finance Magazine Names Trade Bank of Iraq (TBI) as “Safest Bank in Iraq”
4.11.2019
When it comes to accolades in finance and banking, then there are very few that can match up to those provided by the influential Global Finance magazine. In a new development, a magazine named the Trade Bank of Iraq as the safest bank in the country, and the verdict was reached in the exclusive...