As Evergrande-led selloff eases, Bitcoin attempts recovery
Cryptocurrency prices bounced off 1-1/2 month lows. This is because a heavy selloff overnight linked to concerns about a possible loan default by property developer China Evergrande eased slightly. Bitcoin is the biggest and the best-known cryptocurrency. It traded around $43,000, recovering from a fall to $40,192 earlier in the session. Smaller rival ether, the […]
JPMorgan takes on British rivals
JPMorgan is challenging British rivals on their home turf. They have launched the long-awaited digital retail bank, Chase. This is as a part of the U.S. lender global expansion. The launch marks the first foray into retail banking outside North America. There is great pressure on British incumbents such as Lloyds, Barclays, NatWest and HSBC. […]
Winning strategy for Experian
Experian has ranked #11 on the newly announced 2021 IDC FinTech Ranking. The FinTech Rankings is an annual ranking which highlights the top 100 global providers of financial technology. Experian is referred as a rising star. Steve Wagner, Managing Director of Global Decision Analytics at Experian said that at Experian, they are continually innovating and […]
Deloitte becomes official signatory of Abu Dhabi
Deloitte has signed the Abu Dhabi Sustainable Finance Declaration. For supporting their clients and to demonstrate the firm’s commitment to sustainability in the Middle East they are moving towards using sustainable finance for their operations. This Declaration is led by Abu Dhabi Global Market (ADGM). This serves as a commitment for collaboration with other prominent public […]
Freedom bank partnership with FinTech
The Freedom Bank of Virginia had announced that it will be launching a new Business Valuation Loan product to commercial clients in the Washington DC region. Industry benchmark KPIs in critical areas of performance helps to maximize the growth. This information can be utilized by the businesses to make informed decisions on strategic alternatives, that includes expanding into new […]
Cryptocurrency discussed by US treasury, financial industry
The U.S. Treasury Department met with a number of industry participants, for quiz. That was about the risks and benefits posed by stablecoins. Washington policymakers are alarmed at the rapidly expanding cryptocurrency market. The record exceeded $2 trillion in April. The market cap of stablecoins stood at roughly $125 billion. This is according to the […]
Zloty set to pace FX gains
The zloty has further space to climb, even after a rally. As chances grow that Poland’s central bank will begin lifting interest rates sooner rather than later, this was reported by the media. The Polish currency is lagged peers in central Europe in 2021. Meanwhile, the Hungarian forint and Czech crown are leading. This is […]
Western Union resumed services to Afghanistan
Western Union Co and MoneyGram International Inc resumed money-transfer services to Afghanistan. This moves in line with a U.S. push to allow humanitarian activity to continue after the Taliban’s takeover. They had suspended more than two weeks ago, after the Islamist militia captured Kabul at lightning speed. There are many eases regarding the security concerns […]
CMC markets sounds profit
Online trading platform CMC Markets cut its annual earnings outlook by up to 80 million pounds ($110.24 million). This is because of the reduced market volatility resulted in lower transaction volumes across new and existing clients. CMC had raised its outlook multiple times this year as a retail trading boom and market volatility fueled volumes […]
London Stock Exchange launches financial innovation lab in Singapore
A dedicated Sustainable Financial Innovation Unit has been launched by the London Stock Exchange Group (LSEG) in Singapore. This is as per its part of their new LSEG Lab Network to drive innovation in the country’s fintech sector. LSEG has great support from the Monetary Authority of Singapore (MAS). They will work with the company […]