General News

July 14, 2021 @ 8:04 am By Omar Faridi  |  

Norway’s software firm Commercial Banking Applications (CBA) reveals that it has released the latest annual version of its IBAS GBF – Global Banking Factory software to all clients. Notably,  the release has come more than three months ahead of schedule, which should allow for more… Read More

July 14, 2021 @ 1:42 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (July 12) that for the week ending July 12,… Read More

July 13, 2021 @ 10:26 pm By Tony Zerucha  |  

The COVID-19 pandemic helped drive further growth in India’s e-commerce sector, new research from GlobalData shows. According to the firm’s E-Commerce Analytics, e-commerce payments in the country grew by 12.2 percent in 2020 and should reach $61.5 billion this year. Between now and 2025 sales… Read More

July 13, 2021 @ 10:21 pm By Tony Zerucha  |  

Brexit has done little to shift UK consumer spending back home, the latest two chapters of emerchantpay’s New World, One Market Report shows. The study, which surveyed more than 2,000 British consumers, analyzes consumer behavior as some societies begin their emergence from the pandemic. When… Read More

July 13, 2021 @ 2:30 pm By Omar Faridi  |  

The team at the Bitcoin Mercantile Exchange (BitMEX), a major cryptocurrency derivatives exchange whose senior management including its ex- CEO Arthur Hayes are facing criminal charges including large-scale money laundering, notes that they are pleased to announce that their Open Source Developer Grant program will… Read More

July 13, 2021 @ 8:16 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has posted Q2 earnings that have topped expectations. Goldman CEO and Chairman David M. Solomon issued the following statement: “Our second-quarter performance and record revenues for the first half of the year demonstrate the strength of our client franchise and our continued… Read More

July 12, 2021 @ 11:22 pm By Omar Faridi  |  

The European Securities and Markets Authority (ESMA), the European Union’s securities markets regulator, has reportedly fined DTCC Derivatives Repository Plc (DDRL) a total of €408,000 for seven infringements of the European Market Infrastructure Regulation (EMIR). The violations are related to (or involve) data confidentiality, data… Read More

July 12, 2021 @ 9:35 pm By Omar Faridi  |  

Australia’s first neobank Volt has reportedly acquired neo-lending platform Australian Mortgage, enabling it to provide “fully-verified” approval times of less than 15 minutes on its new digital mortgage product. As mentioned in a release shared with CI: “This is a material improvement compared to many… Read More

July 12, 2021 @ 1:21 pm By Omar Faridi  |  

BNP Paribas Securities Services’ ESG marketplace, Manaos, has confirmed the onboarding of new partners – Util and V.E, which is part of Moody’s ESG Solutions – in order to enhance its sustainability data and analytics product offering. Manaos, which is described as an open-servicing platform… Read More

July 12, 2021 @ 11:27 am By Omar Faridi  |  

Telos (TLOS), which is one of the fastest blockchains according to Blocktivity data, is now claiming that it’s “the ESG Blockchain.” As noted by the Telos team, Environmental, Social & Governance (ESG) investments & business practices are becoming an “increasingly important criteria” when weighing the… Read More

July 11, 2021 @ 8:57 pm By Omar Faridi  |  

With changing consumer habits for digital purchasing and a significant increase in customer demand for Buy Now Pay Later (BNPL) payment services in the Australian market, Fintech firm Zip has decided to join forces with Microsoft (NASDAQ: MSFT). Zip says the new partnership is designed… Read More

July 11, 2021 @ 1:52 pm By Omar Faridi  |  

Bank of America (BofA) had introduced its Cryptocurrency Research Team as part of its latest Wall Street push. Bank of America Corp. (NYSE: BAC) reports that it formed a new division that will focus on conducting research into the applications of cryptocurrencies. This notably marks… Read More

July 10, 2021 @ 2:33 pm By Omar Faridi  |  

The team at Avalanche, a organization developing decentralized finance protocols and other distributed ledger tech (DLT)-based solutions, reveals that it’s preparing for the next generation Avalanche Bridge (AB). AB will be “10x faster and 5x cheaper” than the Avalanche-Ethereum Bridge (AEB), according to an update… Read More

July 10, 2021 @ 11:26 am By Omar Faridi  |  

Riot Blockchain, Inc. (NASDAQ: RIOT), which is one of the leading Nasdaq-listed Bitcoin mining firms in the US, reveals its June production and operations updates, including its “unaudited” BTC production for the month of June 2021 and its “miner deployment status.” Last month, Riot produced… Read More

July 9, 2021 @ 5:27 pm By Omar Faridi  |  

BigPay is focused on expanding its business operations into Thailand after Airasia’s acquisition of Gojek’s Thailand division via its digital unit in a deal valued at RM208 million (appr. $50 million). This move has been announced ahead of AirAsia‘s plans to offer a Super app… Read More

July 9, 2021 @ 1:28 am By Omar Faridi  |  

Digital banking platform Revolut notes that they already know that Revoluters are “exceptional people.” However, the Fintech firm points out that what makes its team extraordinary is how well they have adapted to remote work in a post COVID environment. Revolut writes in a blog… Read More

July 8, 2021 @ 9:28 pm By Omar Faridi  |  

Workmate, a Southeast Asian Workforce Management Platform and marketplace for informal workers, has reportedly acquired a senior secured loan of “up to $10 million” from Lendable Inc., a provider of debt to Fintechs in emerging and frontier markets. As mentioned in the announcement: “A committed… Read More

July 8, 2021 @ 2:52 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time payments and digital payment software applications, reveals that it has teamed up with Swedbank, a leading issuing and acquiring bank in the Nordic and Baltic regions. The company has contributed to a 55% decrease in payment… Read More

July 7, 2021 @ 11:28 pm By Tony Zerucha  |  

A group of local and regional representatives has thrown its support behind the European Union’s stance on regulating digital markets. During the June plenary session, the European Committee of the Regions (ECR) adopted an opinion supporting the European Commission’s intention to provide tougher regulation of… Read More

July 7, 2021 @ 9:42 pm By Tony Zerucha  |  

A new partnership announced this week between Pipit Global and Cellulant promises to provide Africans living abroad with a cheaper option to send money back home. The agreement allows people in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana to transact on Pipit Global at… Read More