Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Empower Finance has revealed its plans to acquire the US-based credit card fintech Petal, which offers alternative financial products and credit underwriting for underserved users in Mexico and the US. This acquisition is… Continue reading Empower Secures Purchase of Petal in the Credit Fintech Sector
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. EBA Clearing is planning to launch a continent-wide Verification of Payee solution before the year concludes. The feature will be ready by December. It will assist payment service providers (PSPs) in providing IBAN/name-matching… Continue reading EBA Clearing Sets Stage For Verification OF Payee Solution
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The European Central Bank has collaborated with various investors for exploratory work, aiming to distribute ledger expertise to resolve wholesale transactions within the central bank money. The initial wave of trials will include… Continue reading European Central Bank Plans DLT Trials for Wholesale Central Bank Money Settlement
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Gresham Technologies, a London-based financial technology company, has agreed to be acquired by a private equity firm in a cash transaction valued at £146.7 million. Gresham’s board has given its approval to a… Continue reading STG Partners Acquires London-Listed Gresham For £146.7 million
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Google Cloud has shared information regarding its collaborations with major financial services – Discover, Scotiabank, and Citadel Securities. This was during its once-in-a-year Las Vegas event. Prominent market maker Citadel partnered with Google… Continue reading Google Cloud Announces Its Major Financial Service Deals
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Tradeweb Markets has announced the purchase of a financial service technology provider for organizations, Institutional Cash Distributors (ICD), for $785 million. The company runs electronic marketplaces for credits, rates, money markets, and equities… Continue reading Tradeweb Prepares $785 Million For ICD Acquisition Deal
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. London Clearing House (LCH) has received regulatory authorization to process cash-based Bitcoin index stocks and options contracts. The Chief Executive Officer of LCH, Corentine Poilvet-Clédière expressed excitement for receiving regulatory clearance to introduce… Continue reading Financial Company LCH Granted Permission To Clear Bitcoin Index Derivatives
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The People’s Bank of China has set up a re-lending program worth $70 billion (500 billion yuan) as it aims to speed up the growth of the science and technology industries. According to… Continue reading China Fights Property Crisis With $70 Billion Tech Lending Program
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Earlier this month, Bank of Ireland suffered a glitch that blocked users from having access to their accounts. The glitch also prevented them from concluding their credit card transactions. Now, the bank has… Continue reading Bank of Ireland Apologizes, Blames Outage On Technical Glitch
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The CHIPS network, which is the largest high-value clearing and settlement system in the private sector, has embraced the ISO 20022 messaging format. CHIPS first used the ISO 20022 messaging format on April… Continue reading CHIPS Seeks to Emerge a Leader in Global Finance With ISO 20022
