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As Snap Election Hopes Fade, Boris Johnson Shifts Focus to EU Deal
7.9.2019
Around three years ago, the United Kingdom used to be one of the world’s leading economies and was all set to grow for the foreseeable future. However, the Brexit referendum changed all that, as the people of the country voted to leave the European Union. The referendum plunged the country into...
Despite Potential Economic Slowdown; Citi Goes Big on Credit Cards
6.9.2019
When there is an economic slowdown, then the availability of credit dries up instantly and eventually, the government of the country’s central bank has to stimulate the economy through financial packages. Banks generally stop the tap as far as giving any kind of credit is concerned and eventually...
Alibaba Acquires NetEase for $2 Billion as Luxury Push Gathers Pace
6.9.2019
The e-commerce industry in China has grown at a truly remarkable pace over the last decade and the company that has decisively emerged as the biggest player in the industry is Alibaba. It is one of the biggest e-commerce companies in the world and due to the sheer size of the Chinese market,...
U.S. Congressional Probe Identifies Possible Gaps in Deutsche Bank’s Money Laundering Controls
6.9.2019
A decade or so ago, German banking giant Deutsche Bank AG was counted among the biggest banks in the world, but the financial crisis of 2008 hit the bank hard. Since the financial crisis, the bank has struggled to put its business into top gear again, and now it is faced with a legal issue...
Femsa all set to Invest $3 Billion in Mexico Until 2021
6.9.2019
Over the years, plenty of gigantic corporations have come up in the country of Mexico, and one of the better-known ones from among them is the company Femsa. Over the years, the conglomerate has invested billions of dollars in different parts of the world. In a new development, which should come...
Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products
6.9.2019
There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer...
Tech Companies in China Struggle in Their Efforts to Turnaround the Supermarket Industry
5.9.2019
The supermarket sector can be regarded as one of the bedrocks of most developed economies since a large portion of the population shops at one of those establishments at least once a week. However, the way in which the tech sector has managed to revolutionize a whole range of industries in...
Bank of Armed Forces Criticizes Mastercard for Stopping Card Service in Venezuela
5.9.2019
One country that has been in the middle of a prolonged economic depression is Venezuela and despite the country’s vast reserves of oil, there seems to be no way out for the citizens. The country is suffering from severe food shortages, runaway inflation, and other troubles that one associated with...
Cross Border Payment Fintech Firm Chipper Cash Expands to Nigeria
5.9.2019
Fintech had come a long way since the days of PayPal when the payments company emerged as a novelty of sorts and took the world by storm. However, over the next decade, very few Fintech companies came along. All that changed around half a decade ago when Fintech made a remarkable comeback due...
Large Number of Goldman Sachs Partners Could Exit by the End of 2019
5.9.2019
Over the past decades, Goldman Sachs has grown into the world’s most powerful investment bank, and one of the biggest reasons behind its success has been its ability to take decisive steps early. It may be about its investment decisions, adoption of new technology, or the possibility of bringing...
Mastercard Joins Blockchain-Powered Trade Finance Consortium Marco Polo
4.9.2019
Mastercard has joined the Marco Polo trade finance consortium founded by blockchain startup R3 and fintech firm TradeIX
Singapore Firms Sign 17 Deals with Companies in Sichuan
4.9.2019
Singapore and China have always had deep business ties, and over the past decades, those ties have only been strengthened. While China has become the world’s second-biggest economy, Singapore has also become one of the world’s foremost financial hubs and one of the most dynamic business-friendly...
Indian Government’s New Report Views Crypto Positively
4.9.2019
A new Indian government report has put cryptocurrency in a positive light, viewing the mechanisms surrounding it, including initial coin offerings, as “revolutionizing the global fintech landscape.” The report also discusses the regulation of coins and tokens. Also read: Indian...
AlphaCode of South Africa Invests $1.5 Million in Three Domestic Fintech Startups
4.9.2019
The growth in technological innovation and the easy availability of cheap internet has made it possible for Fintech to grow at a breakneck pace over the past few years. The Fintech industry has become one of the biggest disruptors in the financial sector over the past half a decade and it...
$23 Million Fintech Startup Fund Established by Accion Venture Lab
4.9.2019
For the past five years or so, the Fintech sector has grown at a breakneck pace and has quickly become a multibillion-dollar industry spread across the world. The easy availability of data, the advancements in technology and the innovative ideas of a range of Fintech startups have made the industry...
Hedge Fund Eminence Capital Plans to Derail £9 Billion Just Eat Merger
3.9.2019
Over the course of the past few years, food delivery has become one of the biggest tech businesses in the world, and new food delivery applications are being launched all over the world at a breakneck pace. In this regard, the United Kingdom is one of the biggest markets in the world, and one...
Cashwerkz Introduces a New Fintech Platform
3.9.2019
The march of Fintech has been a relentless one over the past few years, and if one looked closely, then it becomes quite clear that it is going to continue for the foreseeable future. Fintech is all set to become one of the biggest industries in the world, and investors are investing hundreds...
High-Level Indian Panel Working on Far-Reaching Reforms in Country’s Fintech Sector
3.9.2019
The Fintech sector has become one of the fast-growing sectors globally, and it has become an important sector in India as well, which remains one of the biggest economies in the world. The government of India has pushed the usage of Fintech solutions for the everyday transaction and came up with...
Fitch Ratings Says Singapore’s Big 3 Banks are in No Danger from Newly Launched Digital Banks
3.9.2019
The development of technology and the wider Fintech sector is believed by many to be one of the biggest threats to traditional banks in many years and for a good reason. Moreover, the establishment of digital-only banks is often viewed as a potential threat and with easy availability of smartphones...
HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit
3.9.2019
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan