General News

November 11, 2020 @ 10:50 am By Samantha Hurst  |  

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Tuesday it has launched a new AI-powered due diligence report, known as Snapshot, to help businesses stay on top of the risks associated… Read More

November 11, 2020 @ 10:14 am By Samantha Hurst  |  

OKEx, a top 20 crypto exchange, recently announced an update regarding the suspension of digital asset withdrawals on its platform. The exchange revealed that the suspension occurred on October 16th and it has been working diligently to resolve all matters related to the suspension. OKEx… Read More

November 11, 2020 @ 9:20 am By JD Alois  |  

SME lender White Oak says it has hit a loan book of £250,000,000 for the first time in its history. White Oak says this is a significant milestone for the Loans & Leases business with the lender distributing over £120 million of loans to SMEs… Read More

November 10, 2020 @ 10:37 pm By Omar Faridi  |  

The Bank of Montreal (TSE: BMO), a Canadian multinational investment bank and financial services firm, has reportedly introduced an AI-enhanced feature for its personal financial management (PFM) platform that helps clients with identifying potential cash shortfalls. According to a release, BMO’s CashTrack Insight feature uses… Read More

November 10, 2020 @ 7:17 pm By Omar Faridi  |  

The Bank of India (BoI), a major commercial bank with headquarters in Bandra Kurla Complex, Mumbai, has decided to postpone its plans to launch additional physical branches because the institution’s customers now prefer to use its digital banking platform. The BoI is also looking into… Read More

November 10, 2020 @ 11:26 am By JD Alois  |  

The British Business Bank has distributed a note indicating that from today, participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer smaller businesses across the UK a ‘top-up’ to their existing loan if they originally borrowed less than the maximum amount… Read More

November 10, 2020 @ 11:19 am By Omar Faridi  |  

Singapore based Razer recently revealed that it’s expecting to generate sizable profits for this current financial year after reporting around $40.3 million in adjusted losses for the year ending on December 31, 2019. The gaming and lifestyle focused firm stated that it managed to record… Read More

November 10, 2020 @ 7:25 am By Omar Faridi  |  

The reserve bank in Norway has confirmed that it’s not in a rush to issue a digital Krone, even though a recent research study indicates that cash usage in the country is now down to only 4% of all financial transactions. Declining cash usage is… Read More

November 10, 2020 @ 7:02 am By Omar Faridi  |  

UK Chancellor Rishi Sunak updated the House (on November 9, 2020) regarding ongoing plans for the country’s financial services industry, which is one of the “most productive and innovative sectors.” Sunak believes that financial services will be essential to the UK’s economic recovery from the… Read More

November 9, 2020 @ 5:42 pm By Omar Faridi  |  

Qatar’s private sector is now ready to work cooperatively with US-based companies and businesses, according to Qatar Development Bank CEO Abdulaziz Bin Nasser Al Khalifa. As previously reported, the Qatar Development Bank (QDB) offers financial services, banking, and loans to support the development of the… Read More

November 9, 2020 @ 3:14 pm By Samantha Hurst  |  

Equity crowdfunding platform Crowdcube announced on Friday one of its and Seedrs’ successes, Mindful Chef, has been acquired by multinational food and drink giant, Nestle.  The company was founded by school friends Robert Grieg-Gran, Giles Humphries and Myles Hopper. It describes itself as a young… Read More

November 9, 2020 @ 11:13 am By Omar Faridi  |  

UK Chancellor Rishi Sunak is reportedly planning to overhaul or fundamentally change the nation’s listing regime in order to attract more tech firms to London, according to a recent report from Sky News. Sources familiar with the matter said that Sunak will be working on… Read More

November 9, 2020 @ 8:34 am By Omar Faridi  |  

The COVID-19 pandemic has created many different socioeconomic challenges. It has definitely been a really tough year for the travel and tourism industry as most people were forced to cancel their travelling plans and stay at home (to prevent the further spread of the virus)…. Read More

November 9, 2020 @ 7:45 am By Omar Faridi  |  

The transactional value of the US Fintech market is expected to increase at a compounded annual growth rate (CAGR) of 8.6% over the forecast period of 2019-2024, according to a new report. The report from Industry Research states that Fintech is beginning to transform the… Read More

November 8, 2020 @ 7:29 pm By Omar Faridi  |  

Standard Chartered (LON:STAN), a UK-based multinational banking and financial services company with over $720 billion in assets, has decided to adopt a hybrid approach to working where it will allow its employees to perform their duties from home and they can also complete tasks from… Read More

November 7, 2020 @ 7:44 am By Omar Faridi  |  

Gen II Fund Services, LLC, an established independent private equity fund administrator, has acquired a new strategic investment. General Atlantic, a global growth equity company, and Hg, a multinational software investor, are leading the latest investment. IHS Markit (NYSE: INFO), a key provider of critical… Read More

November 6, 2020 @ 8:30 am By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Friday it has appointed Leigh Ramsden as its new Chief Financial Officer. According to Trulioo, Ramsden has more than 20 years of financial analysis and progressive leadership experience and will succeed Anne Lawlor, who will be… Read More

November 6, 2020 @ 7:53 am By JD Alois  |  

Antler, a global early-stage venture capital firm that seeks to invest in the defining technology companies of tomorrow, has opened an office in Berlin. In the past, Antler has backed a good number of Fintechs. Berlin has emerged as a hot startup ecosystem. Antler notes… Read More

November 6, 2020 @ 7:32 am By Omar Faridi  |  

Switzerland is establishing a Green Fintech Network in order to help the country take advantage of the different opportunities offered by sustainable finance solutions. As stated in the announcement: “The Federal Council sees sustainable finance as a great opportunity for the Swiss financial centre. The… Read More

November 6, 2020 @ 7:26 am By Omar Faridi  |  

Facebook (NASDAQ:FB) owned WhatsApp has reportedly received approval to introduce its digital payments services in India. The National Payments Corporation of India (NPCI), which is an umbrella organization for operating or managing retail payments and settlement systems in the country, has given WhatsApp the green… Read More