General News

February 11, 2021 @ 10:47 pm By Omar Faridi  |  

The 2021 Lunar New Year is approaching and authorities in Southeast Asia are now encouraging locals to turn to virtual red packets and online transactions, instead of using paper currency notes (in order to prevent the further spread of COVID-19). Asian residents are also being… Read More

February 11, 2021 @ 8:43 pm By JD Alois  |  

BNY Mellon (NYSE:BK),  a bank with $2.2 trillion in assets under management, has announced the creation of a new Digital Assets unit that seeks to accelerate the development of solutions to help clients address growing and evolving needs related to the growth of digital assets,… Read More

February 11, 2021 @ 7:32 pm By Omar Faridi  |  

We’ve been trusting robots to manage money more than we “trust” ourselves, according to a recent study from Oracle and personal finance specialist Farnoosh Torabi. The global survey of over 9,000 individuals across 14 different countries revealed that the COVID-19 pandemic has “increased finance-related stress… Read More

February 11, 2021 @ 12:33 pm By JD Alois  |  

The Securities and Exchange Commission issued a statement that it has suspended trading in SpectraScience (OTC:SCIE) that was allegedly touted on social media. SpectraScience is delinquent in its reporting and has not filed reports since 2017. The SEC states that the phone number on the… Read More

February 10, 2021 @ 10:13 pm By Omar Faridi  |  

Astia has introduced a $100 million early-stage venture fund in order to address gender disparities in the funding space.  The Astia Fund is supported by a major investment from payments giant Mastercard. Astia is an organization that’s focused on “redefining” or transforming the current venture… Read More

February 10, 2021 @ 9:15 pm By Omar Faridi  |  

This past week could have just been one of the worst weeks in Robinhood’s 8-year history, however, it also might have been one of the best in some ways. According to estimates, the private firm’s app was downloaded over 1 million times from this past… Read More

February 10, 2021 @ 8:54 pm By Omar Faridi  |  

Crypto-asset savings platform ICONFi has introduced its mobile app on Android and iOS. As confirmed in a release shared with CI, available globally, ICONFi aims to offer simple, flexible, and fixed earning products that allow investors to grow and diversify their digital asset holdings. The… Read More

February 10, 2021 @ 2:07 pm By JD Alois  |  

Earlier today, the Resolution Foundation published a report called On firm ground? The impact of Covid-19 on firms and what policymakers should do in response. The report seeks to assess the current state of corporates while setting out priorities for policymakers to allow enable firms… Read More

February 9, 2021 @ 2:35 pm By Samantha Hurst  |  

Social news aggregation, web content rating, and discussion website, Reddit, announced on Tuesday it secured $250 million through its Series E funding round. Founded by Steve Huffman and Alexis Ohanian in 2005, Reddit describes itself as an online community where users submit, vote, and comment… Read More

February 9, 2021 @ 8:13 am By Samantha Hurst  |  

Equifax (NYSE: EFX) announced on Tuesday it has acquired transaction data analytics company AccountScore Holdings Limited to bolster its Open Banking and insights capabilities. Equifax reported that the acquisition will see it enhance its consumer and commercial product offerings, combining traditional credit bureau information held by… Read More

February 9, 2021 @ 7:09 am By Omar Faridi  |  

Paris-based Société Générale S.A. (GLE.PA), a French multinational investment bank and financial services company with around €1.3 trillion in assets, has decided to allow its workers to work from home for up to two days every week. Société Générale’s management reportedly reached an agreement with… Read More

February 8, 2021 @ 11:10 pm By Omar Faridi  |  

The US State of Nevada will reportedly be allowing tech giants to launch their own governments in order to collect taxes, establish school districts and courts as well, presumably in an attempt to attract more large firms. The very first “smart city’ could be launched… Read More

February 8, 2021 @ 10:11 pm By Omar Faridi  |  

Goldman Sachs (NYSE:GS) partner Adam Dell has reportedly stepped down from his role as one of the main professionals working on Marcus, the digital-only bank created by the giant Wall Street investment bank. Dell has left the initiative as Goldman Sachs gets ready for a… Read More

February 8, 2021 @ 10:05 pm By Omar Faridi  |  

Renaissance Technologies, the investing firm that recently recorded its worst returns across its public funds, is now having to deal with around $5 billion in redemptions. Customers decided to pull about $1.85 billion across the three different hedge funds back in December 2020 and also… Read More

February 8, 2021 @ 1:00 pm By Samantha Hurst  |  

LendInvest, a top UK based fintech in the property finance sector, announced on Monday it has made some changes to its Buy-to-Let (BTL) suite, including rate reductions, the introduction of higher LTV products; and an increase in maximum loan sizes.  LendInvest reported that has reduced… Read More

February 8, 2021 @ 10:58 am By Samantha Hurst  |  

  PayPal Holdings, Inc. (NASDAQ: PYPL) is reportedly launching a new business unit that is specifically dedicated to cryptocurrency services. According to Bitcoin.com, PayPal CEO, Daniel Schulman, stated during an earnings phone call that the existing financial system is considered outdated and that PayPal will be… Read More

February 8, 2021 @ 8:23 am By Samantha Hurst  |  

  SellersFunding, a global financial platform provider, announced last week the release of its streamlined cross-border eCommerce payments system to help online merchants avoid hefty currency conversion fees and payment fees for sales in the UK and EU. Sellersfunding reported that as a solution, it… Read More

February 7, 2021 @ 10:16 pm By Samantha Hurst  |  

  Mastercard recently announced it has joined forces with Oracle to speed social and economic assistance through a new solution. According to the duo, this solution helps government and non-profit organizations quickly deploy emergency aid through “fast or near-real-time” payment methods (such as Mastercard Send and… Read More

February 7, 2021 @ 10:53 am By Omar Faridi  |  

European online lender October recently alerted consumers about the money muling fraud. The company explained what usually takes place when bad actors carry out these fraudulent activities and shares tips to avoid getting scammed. October notes that if you’re being offered “opportunities” to make easy… Read More

February 6, 2021 @ 4:35 pm By Omar Faridi  |  

SME or small business crowdfunding platform Siam Validus has reportedly received a debenture crowdfunding license from the Securities and Exchange Commission of Thailand (SEC). Siam Validus is a joint initiative between Singapore’s SME financing platform Validus and SCG Distribution, a Thailand-based firm that specializes in… Read More