General News

February 6, 2020 @ 11:16 pm By Omar Faridi  |  

The Asian Development Bank (ADB) has launched the ADB Ventures platform in order to channel investments and extend support to Asian firms that are creating platforms for achieving the United Nations’ Sustainable Development Goals (SDGs). ADB’s investment fund is taking contributions from several different partners… Read More

February 6, 2020 @ 1:20 pm By Omar Faridi  |  

Laybuy, an interest-free “buy now, pay later” payment solutions provider, is teaming up with UK’s WHSmith, in order to provide users the option to buy now and pay later through the WHSmith.co.uk website. Customers will be able to buy products now, and will receive their… Read More

February 6, 2020 @ 10:13 am By JD Alois  |  

This week, the SEC Small Business Capital Formation Advisory Committee met at the Commission to discuss access to capital around the country. Multiple presentations were delivered on the state of access to capital including one by the Office of the Advocate for Small Business as… Read More

February 5, 2020 @ 3:33 pm By JD Alois  |  

Former advisor to President Trump Jason Greenblatt will be speaking at the OurCrowd Global Summit taking place on  February 13th. Greenblatt is the Former U.S. Special Envoy to the Middle East and architect of President Trump’s Peace to Prosperity plan . This will be Greenblatt’s… Read More

February 5, 2020 @ 12:11 pm By Omar Faridi  |  

The Intercontinental Exchange (NYSE:ICE), one of the world’s largest derivatives and equities trading firms, has reportedly made giant online marketplace eBay a takeover offer that could value the company at well over $30 billion, The Wall Street Journal reported. The companies have not yet held… Read More

February 5, 2020 @ 10:43 am By JD Alois  |  

According to the UK government, Cathryn Ross has been appointed as the first Chair of the new Regulatory Horizon Council, a government-supported committee to make certain UK regulation keeps pace with innovation and enables it to thrive while safeguarding the public. Ross is currently the… Read More

February 5, 2020 @ 8:24 am By Omar Faridi  |  

Regulatory technology (Regtech) firm Encompass has reportedly won a £2 million grant from the Scottish Enterprise, in order to create an artificial intelligence (AI)-enhanced engine to complement its existing know-your-customer (KYC) product offering. The latest funding is part of an initiative with a total value… Read More

February 4, 2020 @ 11:13 pm By Omar Faridi  |  

Barclaycard, a major brand for credit cards at Barclays, a leading London-based multinational investment bank and financial services company, has confirmed a deal in which it will reportedly become the preferred payments partner for 60,000 e-commerce retailers hosted on BigCommerce’s software-as-a-service (SaaS) online platform. The… Read More

February 4, 2020 @ 11:11 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC) has introduced its Application Programming Interface (API) Marketplace, which offers its customers, business partners, and internal developers a single, unified, central location for APIs created by DTCC. Each API comes with a software development kit (SDK) and relevant… Read More

February 4, 2020 @ 3:13 pm By Omar Faridi  |  

Dallas-based Texas Capital Bank has officially introduced Bask Bank, an online savings account that earns American Airlines AAdvantage miles, instead of accumulating interest. As mentioned on Bask’s website, the bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means customers’ total deposits… Read More

February 4, 2020 @ 11:02 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), at the University of Cambridge Judge Business School, has published a new report on artificial intelligence (AI) and the future of financial services. CCAF is the leading research entity covering the global ecosystem of Fintech from online capital… Read More

February 4, 2020 @ 7:39 am By JD Alois  |  

Asset management firm Mindful Wealth has re-domiciled in Singapore to benefit from the new “Variable Capital Companies” (VCC) framework. Mindful Wealth currently claims over $600 million in assets under management (AUM). The company originally started in Switzerland providing wealth management and other corporate services. Mindful… Read More

February 3, 2020 @ 11:03 pm By Omar Faridi  |  

Bandpay, a newly developed payment technology (paytech) platform which aims to guarantee that music artists get paid for their work, is expected to go live in March of this year on the App Store and Google Play for US-based musicians. Company founder DeCarlos Garrison stated:… Read More

February 3, 2020 @ 11:00 pm By Omar Faridi  |  

Ajay Banga, CEO at payments giant Mastercard, recently talked about why his company decided to leave the controversial Facebook-led Libra global payments and stablecoin project. Banga claims his firm doesn’t quite understand Libra’s business model. He told the Financial Times: “When you don’t understand how… Read More

February 3, 2020 @ 4:26 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) publishes a monthly list of “alternative trading systems” or ATSs. An ATS is a marketplace that may trade securities similar to a regulated exchange. To receive approval to operate an ATS, a platform must also become a FINRA regulated… Read More

February 3, 2020 @ 10:21 am By Omar Faridi  |  

CIBC’s mobile banking app recently turned 10 years old, notably marking a decade since the institution became the first large Canadian financial institution to provide an innovative mobile banking app to customers. In a February 2 press release, CIBC reflected on the key milestones the… Read More

February 3, 2020 @ 8:21 am By Omar Faridi  |  

Jumio, an established provider of artificial intelligence (AI)-enhanced end-to-end identity verification and authentication services, has teamed up with CIMB Bank Philippines’ all-digital bank to offer a convenient and user-friendly digital onboarding solution to Filipinos. Having completed its first full year of business operations, CIMB Bank… Read More

February 1, 2020 @ 9:18 am By Omar Faridi  |  

Veteran digital asset investor Arianna Simpson, who has been into crypto “before it was cool,” will reportedly be joining giant venture capital firm Andreessen Horowitz as a deal partner. Simpson, the founder and managing director at crypto-asset hedge fund Autonomous Partners, confirmed the news on… Read More

January 31, 2020 @ 4:55 pm By Omar Faridi  |  

Malaysian Technology Development Corporation (MTDC) and the World Logistics Council Limited (WLC) have reportedly committed to a Memorandum of Understanding (MoU), in order to launch the Multi-Dimensional Digital Economy Application System (MDDEAS) in Malaysia. The system will be introduced with the help of local tech… Read More

January 29, 2020 @ 10:20 am By JD Alois  |  

Goldman Sachs Group (NYSE: GS) presented the firm’s vision for the future today in an Investor Meeting that charted the roadmap for the bank over the next few years. Goldman said the investor day reflects their ongoing commitment to providing the market with a “clear… Read More