finance

Platform Industry News: TikTok smartphone app video streaming

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...

Platform industry news: Oracle Corp

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 ...

Crypto Coins

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 ...

Platform Economy: SEC

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...

Platform News: Nerdwallet

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...

Platform Industry News: TikTok smartphone app video streaming

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, ...

UK

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...

Singapore's Grab

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...

Platform News: Reserve Bank of India RBI

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...

Wirecard

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...

Nokia CEO

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...

Grab

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...

Platform News: Amazon building

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...

e-commerce in latin america

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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