Financial Platform News
News and analysis coverage of financial platforms, ranging from payment processing and credit through to retail banking and investment services.
Some investors lukewarm on China’s Ant Group if revived after revamp
China’s regulatory-imposed revamp of Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to ...
Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny
A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scruti...
Russian central bank considers digital rouble in 2023
The Russian central bank is considering limiting future transactions with a digital rouble to smooth the impact of its implementation, planned for 2023, Deputy Governor Alexei Zabo...
Facebook messaging service gets delayed Brazil nod for payments
Brazil’s central bank has cleared the way for Facebook-owned WhatsApp to let its users send each other funds using the Visa and Mastercard card networks, months after vetoing...
Robinhood aims to allow users to buy into IPOs
Robinhood is building a platform to “democratize” initial public offerings, including its own, that would allow users of its trading app to snap up shares alongside Wal...
Can Bitcoin prosper without becoming a major currency?
Bitcoin doesn’t need to become a widely-used form of payment to succeed and could prosper solely as a store of value, SkyBridge Capital founder Anthony Scaramucci has said.
Shares in companies linked to non-fungible tokens (NFT’s) surge
Shares in some companies linked to non-fungible tokens , a type of digital asset that is authenticated by blockchain spiked higher, benefiting from their status as the latest hot t...
Jack Dorsey’s first tweet sold for $2.9 million as an NFT
Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9 million dollars on Monday.
WhatsApp hires Amazon Pay’s Mahatme to lead India payments
WhatsApp has hired a top Amazon executive to head its payments business in India, two sources told journalists, as the messenger service gears up to expand in the booming sector.
Investors value China’s Ant Group at over $200 billion after IPO halt
Some of Ant Group’s global investors have valued the notable Chinese FinTech business at a massive $200 billion based on its 2020 performance, said people with knowledge of t...
Coming soon: Bitcoin ATMs to petrol stations near you
A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: the bitcoin ATM, where customers can buy or sel...
Tesla names Musk ‘Technoking’ in cryptic regulatory filing
Tesla Inc has just added “Technoking of Tesla” to billionaire boss Elon Musk’s list of official titles, in a regulatory filing that also named its finance chief Z...
Bitcoin falls after weekend record high as India considers a ban
Bitcoin dropped on Monday, falling from a record high above $60,000 over the weekend, as investors digested a potential ban from India on cryptocurrencies.
Bitcoin hits $60,000 in record high
Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000.