What goes down must come up
Following a five-year decline, the commodity market is finally trending upward...
Category : Fintech
PwC reports revenue growth of $35.9 billion
Total workforce count reaches new record October 4, 2016: The PwC network reported total global gross revenues of US$35.9 billion for the fiscal year ended on 30 June 2016. At constant exchange rates (local currency), PwC’s total global revenues rose by over 7%. “The strength of our brand, the opportunities we provide for our people,...
Ecommerce: Fraud by customers on the rise
Buyers increasingly using chargeback option to get refund for their products Suparna Goswami Bhattacharya October 3, 2016: Online merchants are facing a new problem — fraud by customers. Firms are increasingly facing malicious activity in the form of chargeback or friendly fraud. According to Visa, chargeback fraud has been growing at around 41% every year,...
Yahoo reveals world’s biggest data breach
Happened in 2014 and at least 500 million users were affected IFM Correspondent September 23, 2016: Yahoo, the California-based tech giant, on Thursday said personal information of at least 500 million users was stolen in an attack on its accounts in 2014. The attacker was a ‘state-sponsored actor’, and stolen information may include names, e-mail...
Tokyo Commodity Exchange goes live on Nasdaq trading technology
The new system is now integrated with Japan Exchange Group's derivative trading....
Telecom Egypt tentatively agrees to buy 4G license
August 1, 2016: Telecom Egypt (TE), the state-owned landline company, said its board had tentatively approved plans to buy a fourth-generation mobile license and a company official said it would offer the services within a year of obtaining frequencies....
Synechron launches blockchain accelerator applications in the cloud
Leverages Synechron’s domain expertise in financial services and high-end software engineering skills September 21, 2016: Synechron Inc., a global financial services consulting and technology services provider, has announced the launch of its Blockchain Accelerator Program that includes its first six blockchain applications available in the cloud. These applications enable financial services firms to be up-and-running...
Enforcing debt when trading with Eurozone customers
Implications of Brexit and the importance of a carefully designed risk management strategy Sophie Brackenbury September 19, 2016: Our commercial dispute resolution team was recently instructed to advise on the enforcement of a debt owed to a German business (our client) by a UK company, as part of our debt recovery service. The outcome was...
Zipcar drives into Brussels with its first free-floating car-sharing service
The launch is a pivotal milestone in Zipcar’s international expansion, which already includes a well-established presence in the United Kingdom, Spain, France, Austria, Germany and Turkey....
Sapphire Ventures raises $1 billion
This comes on the heels of a strong track record of exits September 16, 2016: Sapphire Ventures announced it has closed on $1 billion in new capital commitments. The firm invests in high-growth, expansion-stage technology startups across the globe, as well as early-stage, technology-focused venture capital funds. With this new funding, Sapphire’s total assets under...