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FINMA Gives Greenlight to FinSA, FinIA, FinSO, FinIO IAMs, and Trustees
3.12.2019
The Swiss Financial Market Supervisory Authority (FINMA) has recently authorized FinSA (draft FinSO) and the FinIA (draft FinIO). In October, the Federal Council started the consultation procedure on the draft FinSO by FinSA and draft FinIO by FinIA. It should be noted that the Financial Services...
Noxopharm Announces AU$2.4M Increase to Its Existing Funding Agreement
3.12.2019
Australian clinical-stage drug development company Noxopharm announced that it has managed to secure an increase in funding from two of its existing New York-based institutional investors, Lind Global Macro Fund LP and CST Investment Funds. According to the terms of the new agreement, the company...
Crypto in Africa: Opportunities and Challenges, Explained
2.12.2019
The achievements, the opportunities, the challenges: When it comes to crypto and blockchain in Africa, there's lots to discuss #Sponsored
Paytm Payments Bank Wants to Turn Into a Small Finance Bank
2.12.2019
Indian payments bank Paytm has revealed that the firm is looking to convert its payments bank into a small finance bank. CEO and founder of Paytm, Vijay Shekhar Sharma, told a leading Indian newspaper that such a move would allow Paytm to lend money to customers and lead to higher profits; and...
Sino-Russian Ties Make a Step Forward by Starting a $55 Billion Pipeline Project
2.12.2019
World Trade plays the most important role in today’s global economy and in the times when many big nations conflict with each other, there is always a scope for new associations. Averting the role and hegemony of the United States, Russia seems to have strengthened its agenda of “Look East” after...
Swiss Licensed Crypto Bank Expanding Into 9 Markets
1.12.2019
A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched...
Criminal Activity in Crypto: The Fact, the Fiction and the Context
30.11.2019
$400 million in XRP is used in illicit activity, how does this stack up against fiat fraud, and is the reputation of the crypto industry beyond saving?
Azerbaijan and Pakistan Keen on Mutual Investment Opportunities
30.11.2019
In a meeting between the President of Pakistan, Sarhad Chamber of Commerce and Industry Maqsood Anwar Pervaiz and Ambassador of Azerbaijani in Pakistan Ali Alizada said that Azerbaijan’s industrial community is keen to invest in potential sectors of Pakistan. The two parties discussed various...
Canadian Startup KOHO Secures $25M to Offer Free Smart Spending Account
29.11.2019
Canadian fintech startup KOHO has managed to raise $25 million in its latest funding round. The funding round was led by Drive Capital and NAventures, the venture capital arm of the National Bank of Canada, also participated. The funding round comes six months after the company had announced...
SAS Extends Its Existing Finance & Risk Partnership With Consulting Firm Zanders
29.11.2019
SAS has extended its existing finance and risk partnership with Netherlands based consultancy firm Zanders. Zander is primarily involved in corporate finance, risk management, and treasury management & worked on SAS’s risk transformation projects for insurance companies and banks. Based...
Boralex Confirms Entering Largest Refinance Agreement in France Worth $1.7 bn
28.11.2019
Boralex, the leading power-producing firm focused on the development of the renewable energy sector, has made an official announcement regarding its biggest refinance agreement worth a whopping sum of USD 1.7 billion in France. As a part of the agreement, the firm will refinance all of its wind...
DTE Corporate Finance Advises Titan Network on InTec Deal
28.11.2019
In a recent development, IT solutions consultancy InTec has acquired Titan Network Services for an undisclosed amount. DTE Corporate Finance acted as a sell-side consultant and advised Titan’s shareholders throughout the deal-making process. The deal is in line with the British government’s...
Ashok Leyland Teams Up With Axis Bank for Financing of Commercial Vehicles
27.11.2019
Ashok Leyland, the automobile company, owned by the Hinduja Group, has announced that it has partnered with Axis Bank for financing commercial vehicles. The partnership is for 2 years to offer customized financial solutions to its customers. According to the announcement, service will be available...
Ant Financial Plans to Raise $1 Billion Fund for New Start-ups
27.11.2019
Alibaba founder Jack Ma, owned Ant Financial, is making plans to attract around $1 billion in investment for a fund aimed at startups in Southeast Asia and India. According to a source, the company looking to invest in startups that are focused on markets in which mobile internet is growing...
BNY Mellon Officially Joins Blockchain-Based Marco Polo Network
26.11.2019
American financial services giant BNY Mellon has joined blockchain software firm R3’s trade finance network, the Marco Polo Network
Charles Schwab All Set to Acquire TD Ameritrade in $26 Billion All-stock Deal
26.11.2019
Discount brokerage TD Ameritrade is all set to be acquired by Charles Schwab in an all-stock deal worth $26 billion, according to an agreement Ameritrade stockholders will get 1.0837 worth of Schwab stock for each of their shares. It reflects a 17% premium over the Ameritrade stock’s 30-day average...
BNY Mellon Aims to Go Live ‘ASAP’ on Trade Finance Blockchain Marco Polo
26.11.2019
Bank of New York Mellon has joined the Marco Polo trade finance consortium running on R3’s Corda, becoming the 28th bank to do so
The bloodbath continues
25.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 25 November, 2019 “Respect for ourselves guides our morals, respect for others guides our manners.” - Laurence Sterne In today's newsletter, we will be covering: Oman seeing first trade finance transaction on blockchain Philippines...
The bloodbath continues
25.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 25 November, 2019 “Respect for ourselves guides our morals, respect for others guides our manners.” - Laurence Sterne In today's newsletter, we will be covering: Oman seeing first trade finance transaction on blockchain Philippines...
Asian Tech Giants’ New Blockchain Drive Involves Traditional Finance
25.11.2019
Two of South Korea’s biggest internet tech companies are strengthening their ties with the traditional financial sector to prepare the ground for a fresh fintech, blockchain and token-powered business drive.
Per Fn News, search engine Naver and its Line chat app affiliate and rival chat app giant...