General News

February 21, 2020 @ 11:09 am By Omar Faridi  |  

SoftBank, a Japan-based global conglomerate holding firm with more than $283 billion in assets, is reportedly planning to invest $100 million, through its second Vision Fund, into Behavox, a UK-based company that uses artificial intelligence (AI) to monitor workers’ behavior at financial services firms. SoftBank’s management… Read More

February 20, 2020 @ 7:50 am By JD Alois  |  

Morgan Stanley (NYSE:MS), one of the most storied investment banks on Wall Street, will purchase retail online brokerage ETrade (NASDAQ:ETFC) for $13 billion. Under the terms of the agreement, ETrade shareholders will receive 1.0432 Morgan Stanley shares for each ETrade share, which represents per share… Read More

February 20, 2020 @ 2:31 am By Omar Faridi  |  

OTB Ventures (OTB), a VC fund focused on making strategic investments in technology firms based in central and eastern Europe, has introduced an early-stage tech fund, which is notably the biggest venture capital fund in the region. The fund has reportedly received $100 million in… Read More

February 19, 2020 @ 9:57 pm By Omar Faridi  |  

Bank of Singapore, the private banking arm of OCBC Bank (Oversea-Chinese Banking Corporation, Limited) (SGX: O39), has appointed Celine Le Cotonnec to the institution’s newly created role of chief data and innovation officer. Le Cotonnec will be reporting directly to Bahren Shaari, the CEO at… Read More

February 19, 2020 @ 8:20 pm By Omar Faridi  |  

ASEAN Exchanges, a group which consists of six major exchanges based in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, have reportedly chosen to integrate Refinitiv’s digital solutions onto their online platform. The solution offers critical data and insights to institutional and retail clients, and assists… Read More

February 19, 2020 @ 8:20 am By Omar Faridi  |  

Major bank-to-bank messaging system Swift processed $40 trillion in messaging transactions back in 2018. Significantly, Swift handled $77 trillion in international payments messages via the gpi platform last year, which indicates that the demand for the program is becoming even more firmly established in the… Read More

February 19, 2020 @ 7:32 am By Omar Faridi  |  

Lition, the developer of a commercial blockchain network, confirmed on February 18 that tech giant Microsoft has integrated its distributed ledger technology (DLT)-based solution to its Azure cloud marketplace.   The integration with Microsoft’s Azure cloud platform notably makes Lition one of the few public (permissionless)… Read More

February 18, 2020 @ 11:00 am By JD Alois  |  

Last week, Deloitte published an update on investment activity in the Fintech sector. In brief, the good news is that Fintech investments were at an all time high in 2019. The bad news shared by the report that the number of new Fintechs founded experienced… Read More

February 18, 2020 @ 10:14 am By JD Alois  |  

MaxDecisions, a Fintech A.I. and machine learning analytics company, has hired Bernard Guerrero as Vice President of Decision Sciences to further expand analytical products and offerings. MaxDecisions is an analytical company utilizing the power of machine learning and artificial intelligence software to assist specialty financing… Read More

February 18, 2020 @ 8:18 am By Omar Faridi  |  

Laura Bygrave, the innovation and ventures lead at Deloitte Legal, confirmed on February 17 that the Big Four auditing firm’s legal division became the “exclusive” legal and professional services partner of “deep tech” Ph.D. entrepreneurship program Conception X. Bygrave, a former assistant director at Ernst… Read More

February 17, 2020 @ 10:41 pm By Omar Faridi  |  

TALL Group of Companies, an established provider of secure digital and paper payment solutions and services, is working with several major banks in order to protect users from cheque-related frauds. The UK-headquartered company is teaming up with several large and small lending firms that will… Read More

February 16, 2020 @ 10:22 am By Omar Faridi  |  

JPMorgan Chase, the world’s sixth-largest bank in terms of total assets, has reportedly sent a letter to several Fintech firms in which it cautioned that they will no longer be allowed to access customer data unless they accept the terms of a new data access… Read More

February 14, 2020 @ 8:03 am By Samantha Hurst  |  

Flywire, a U.S.-based fintech firm that provides global payment and receivables solutions for education, healthcare, and commercial enterprises, announced on Thursday it has acquired healthcare technology platform Simplee. The acquisition comes just after the company raised $120 million through its Series E funding round, which… Read More

February 14, 2020 @ 7:50 am By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Thursday it has joined forces with the Imperial College Business School for a new climate risk management partnership.   According to Standard Chartered, the collaboration aims to discover new… Read More

February 12, 2020 @ 8:42 pm By Omar Faridi  |  

The global artificial intelligence (AI) market size is projected to hit $390.9 billion by 2025. The market is expected to achieve a compound annual growth rate of 46.2% from 2019 to 2025. AI is a major technological innovation along with Big Data advancements, machine learning… Read More

February 11, 2020 @ 11:03 am By JD Alois  |  

This week the White House, via the Office of Management and Budget (OMB), released the proposed federal budget for 2021. According to the White House, the plan seeks to balance the budget within 15 years by proposing $4.6 trillion in deficit reduction. Debt, as a… Read More

February 11, 2020 @ 1:41 am By Omar Faridi  |  

The field of quantum computing, which breaks away from the traditional binary computing model, has made considerable advancements in the past 20 years. The Bank of Nova Scotia (Scotiabank), the third-largest bank in Canada in terms of market capitalization and deposits, has been exploring different… Read More

February 10, 2020 @ 12:13 pm By Samantha Hurst  |  

CaixaBank, a retail banking group based in Spain, announced on Monday it has teamed up with RCD Espanyol de Barcelona to launch the Spanish football team mobile app. The duo reported that the app will include an integrated “wallet” in order to boost commercial services,… Read More

February 10, 2020 @ 8:00 am By JD Alois  |  

Crowdfund Capital Advisors (CCA) and its co-founders have been a leading voice advocating on behalf of online capital formation since Sherwood “Woodie” Neiss and Jason Best helped to create the language of the JOBS Act law that legalized securities crowdfunding in the United States. Neiss… Read More

February 9, 2020 @ 11:07 pm By Samantha Hurst  |  

Bitmain Technologies, a China-based consumer-grade ASIC miner, recently address fraudulent usage of websites Bitmain.farm and Antminersmiling.com. The company reported it discovered some websites that have been impersonating Bitmain and have been communicating with its existing customers under false pretense. “In order to protect the legitimate… Read More