finance
Amazon bans Visa cards in UK, stepping up battle with payments giant
Amazon.com Inc will stop accepting Visa credit cards issued in the United Kingdom from next year because of high transaction fees, the e-commerce giant has said, escalating its fig...
Beyond the meme: finance gets serious on going viral
Ian Rogers used to be in charge of digital strategy for luxury fashion group LVMH. Now he has a new mission: to sprinkle some aspirational glitz on to French cryptocurrency company...
Oracle unit partners with Everest to bring blockchain to banks worldwide
Oracle Financial Services Software, a unit of Oracle Corp, has teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product ...
Mexico says cryptocurrencies are not money, warns of risks
Mexican financial authorities have said that crypto assets are not legal tender in Mexico and are not considered currencies under current laws, warning that financial institutions ...
US SEC charges five individuals involved in BitConnect lending program
The US Securities and Exchange Commission said it has charged five individuals for promoting a global unregistered digital asset securities offering that raised over $2 billion fro...
Personal finance start-up NerdWallet files for an IPO
NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to US regulators for an IPO, people familiar with the matter ha...
ByteDance says it is ‘bleeding’ due to India bank account freeze
An Indian court has granted no relief to the developer of TikTok in a case where the company challenged the local tax authority’s decision to block its Indian bank accounts, ...
Brexit Britain to offer fast-track visas to bolster FinTechs
The UK government has said it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will st...
Grab raises $300 million for FinTech arm’s ambitious expansion
Southeast Asian ride-hailing and food delivery giant Grab has raised over $300 million from investors headed by South Korea’s Hanwha Asset Management for its rapidly-expandin...
India’s reserve bank creates a panel to investigate digital lending practices
The Reserve Bank of India has said it had formed a working group to look into digital lending practices, after reports of policy offenses and debtor harassment by several digital l...
Germany promises to probe audit regulator’s Wirecard dealings
Germany has promised to research after the head of the body that regulates auditors told lawmakers he’d traded in Wirecard shares weeks before the payment services business c...
Top Nokia investor has high expectations after past underperformance
Nokia’s single largest investor has said it had high expectations of new direction following the Finnish telecoms gear maker had failed to meet its potential under previous d...
Sources: Grab in talks with Prudential, AIA for FinTech investment
Southeast Asia’s Grab is in advanced talks with Prudential, AIA Group and others since it seeks $300 million to $500 million in investment because of its financial services u...
Amazon’s new offerings make India the centre of FinTech push
Amazon.com has added insurance and even gold into its menu of financial services in India, to grow its customer base and attract more subscribers to its Amazon Prime loyalty progra...
Buy now, pay later platform Sezzle tests the waters in India
Rising FinTech Sezzle is testing its service offering in India for an expected launch at the end of the year, Charlie Youakim its CEO said, as competition intensifies in the indust...
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