Financial Platform News
News and analysis coverage of financial platforms, ranging from payment processing and credit through to retail banking and investment services.
SoftBank’s founder ends Twitter absence over coronavirus worries
SoftBank founder Masayoshi Son may not be the most prolific Twitter user, but he has ended a three-year absence on the platform to express concern about the coronavirus outbreak, t...
Startups race to tap Indonesian growth by aligning with Islam
JAKARTA (Reuters) – Like millions of other Indonesians, Gandi Iswara had for years carried a wad of currency notes for dropping into donation boxes after prayers at mosques i...
Update: Razer and Ant Financial apply for a digital banking licenses in Singapore
California-based gaming business Razer Inc has stated that it is leading a consortium of companies that has applied for a online bank license in Singapore, thus joining the race to...
Accenture beats quarterly estimates
Reuters – Accenture Plc beat Wall Street estimates for first-quarter earnings on Thursday, as investments in its fast-growing digital and cloud services businesses continue t...
Finance’s final frontier? British watchdog probes data sharing
LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings,...
Swedish FinTech company Klarna to enter Australia and other markets next year
BERLIN (Reuters) – Swedish financial technology company Klarna plans to launch in Australia and other markets in 2020 after a strong start for its ‘buy now, pay later&#...
PayPal to buy rewards platform Honey Science for $4 billion
Reuters – Payment processor PayPal said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion (£3.10 billion).
Nearly 20% of Japan households using e-money but cash still king
TOKYO (Reuters) – Almost a fifth of Japanese households use electronic money for small purchases, a survey by a central bank-affilated research institute showed, up from a ye...
Revolut plans to raise $500 million next year to fund global expansion
SINGAPORE (Reuters) – British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expand...
Facebook’s cryptocurrency Libra and digital wallet Calibra
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with sceptic...