Fintech Archives

Cisco to cut 5,500 jobs

International Finance DeskAugust 18, 2016

by International Finance DeskAugust 18, 2016

Main reason is sluggish spending by corporations IFM Correspondent August 18, 2016: California-based computer networking giant Cisco announced that it will cut up to 5,500 jobs. It announced the cuts – about 7% of its global workforce – during its earnings reports. Sluggish spending by corporations and telecom carriers on network switches and routers have...

Fintech

Rakuten Blockchain Lab to open in Belfast

International Finance DeskAugust 18, 2016

by International Finance DeskAugust 18, 2016

Launch follows IP asset acquisition from Bitnet Technologies, Ltd. August 18, 2016: Rakuten announced the opening of the Rakuten Blockchain Lab (R.B.L.) in Belfast, UK, planned for August 22, 2016. R.B.L. will be a dedicated research and development organization within Rakuten, focused on blockchain technology and its potential applications in the fintech and e-commerce sectors....

Fintech

Analytics firm Hello Soda opens office in USA

International Finance DeskAugust 17, 2016

by International Finance DeskAugust 17, 2016

This follows the firm’s recent expansion in Manchester August 17, 2016: Big data analytics firm Hello Soda has cemented its international presence with the opening of a new US office. Located in Austin, Texas, the new office will help Hello Soda service its growing US client base as well as providing a platform for further expansion. The...

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Stealing money online becoming easier than street theft

International Finance DeskAugust 10, 2016

by International Finance DeskAugust 10, 2016

Studies from various sources point to an alarming increase in online theft, mostly identity scams and data breaches Suparna Goswami Bhattacharya August 10,2016: A recent survey by ONS showed that Britons are more likely to have money stolen online than on the streets. This phenomenon has taken the world by storm. In a world where...

Fintech

Consumer security compromised in favour of user experience?

International Finance DeskAugust 9, 2016

by International Finance DeskAugust 9, 2016

MYPINPAD announces new campaign to explore how consumers feel about convenience versus security in online commerce August 9, 2016: Recent news reports about increased levels of fraud across the likes of Amazon Prime, Uber, eBay and Vodafone have opened up a debate on whether the digital commerce industry has compromised consumer security in favour of...

Fintech

The eight essential technologies

International Finance DeskAugust 5, 2016

by International Finance DeskAugust 5, 2016

PwC analysis identifies technologies that businesses should consider August 5,2016: With no shortage of technological breakthroughs affecting businesses today and many more on the horizon, how can C-suites develop effective emerging technology strategies? For its new report, Tech breakthroughs megatrend, PwC evaluated more than 150 technologies globally and developed a methodology for identifying those which are...

Fintech

Follow the leader

International Finance DeskAugust 4, 2016

by International Finance DeskAugust 4, 2016

eToro enables people to copy successful traders who post their trades, but not the amounts Tom Groenfeldt August 4, 2016: The stock portfolio of a stroke nurse at Brighton and Sussex University Hospitals in the UK is up 6.72 percent on eToro over the last three months, with a risk level of just 2. “Consistency...

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Talend joins Nasdaq stock market

International Finance DeskAugust 2, 2016

by International Finance DeskAugust 2, 2016

The company’s solutions help companies become data driven August 2, 2016: Talend, a Silicon Valley-based leader in big data and cloud integration solutions, joined Nasdaq stock market. Talend’s open-source, next generation solutions help companies become data driven by making data more accessible, improving its quality and quickly moving data where it’s needed for real-time decision...

Fintech

deVere to expand its Miami office

International Finance DeskAugust 1, 2016

by International Finance DeskAugust 1, 2016

Move part of a strategic expansion August 1, 2016: deVere USA Inc, part of deVere Group, one of the world’s largest independent financial advisory organisations, will expand its Miami office. It has had a presence in the South Florida city since June 2011, but has now moved to larger premises in the main financial district...

Fintech

Jumio reports 65% growth in recurring revenue

International Finance DeskAugust 1, 2016

by International Finance DeskAugust 1, 2016

There is more than 50% increase in deals YOY August 1, 2016: Jumio, the leading digital ID verification company, announced record results for Q2 2016, with a greater than 65 per cent growth in recurring revenue year-over-year, and a record 30 million transactions completed to-date. Jumio’s customer base continues to expand, closing more deals than...