International Finance

Category : Fintech

BrickVest raises £1 million

Platform has already attracted 1,120 international members April 22, 2016: BrickVest, the online pan-European real estate investment platform, announced that it has raised £1 million, closing two oversubscribed investments two months after launch. The platform has already attracted more than 1,120 international members. The BrickVest platform provides investors online access to institutional quality commercial real...

Yahoo not ready to reveal details on bids

Reports first quarter earnings; results in line with analysts’ expectations IFM Correspondent April 20, 2016: Yahoo on Tuesday announced its first quarter earnings which were better than what Wall Street had estimated. The company posted adjusted first quarter earnings per share of 8 cents, compared to 15 cents per share in previous year.  Gross revenue...

Is anyone keen on Yahoo earnings?

What will be of interest will be some sort of news on the bidders’ front IFM Correspondent April 19, 2016: Yahoo is all set to announce its first quarter earnings on Tuesday April 19. But perhaps, this is the first time in its history that not many will be keen on its top line or...

£390mn in foreign reserves languishing in British sock drawers

Study suggests that millions in ‘leftover’ currency from holidays and trips abroad is discarded April 18, 2016: There could be a hidden cost of travel abroad – and it’s not what many of us would expect.  According to research from Xpress Money Services, up to £390million in unchanged foreign currencies remains tucked in jars and...

Artificial intelligence creates immense potential for innovation and growth in car industry

Cars will recognise voices and able to optimise journey April 8,2016: Artificial Intelligence (AI) and Digitisation will change the future of cars, challenge traditional business models and create immense potential for innovation. In future, cars will be cognitive – not only will they recognize voices and be able to optimise the journey, they will also...

IBM and SAP announce plans for major investments

Move will drive clients’ digital transformation April 7, 2016: IBM and SAP SE announced plans across both companies to drive the modernisation of clients’ systems and processes and accelerate them into the digital economy. Specifically, the companies plan to co-innovate solutions that increase customer value through cognitive extensions, enhanced customer and user experiences and industry-specific functionality. The...

A new kind of social post

Enables UK adults to send embedded money on social media April 6, 2016: A new app has given a fresh meaning to the idea of posting “rich content” online by allowing users to transfer money using social channels.  Where “rich content” once meant images or video, the XOPO app enables users to send money directly...

Money2020 Europe: Saxo Payments launches industry white paper

63% of payments-related businesses dissatisfied with speed of cross border payments April 5, 2016: Saxo Payments, the global transactions services provider launched a white paper revealing the results of exclusive research into the cross border payments industry. Those surveyed included issuers, acquirers and PSPs as well as merchants, for a rounded view of the market,...

Menacorp is DFM’s top brokerage firm for Q1 of 2016

UAE’s leading financial services firm has maintained top position since 2013 April  4, 2016 – Menacorp, the UAE’s leading financial services firm, has touched another milestone after securing the top ranking position on the Dubai Financial Market (DFM) in terms of trade value and market share for the first quarter of 2016.  Menacorp has maintained...

Startups opting for co-working spaces

The concept is catching up in India Suparna Goswami Bhattacharya March 28, 2016: For a long time Nitesh Gupta, who resides in India’s startup capital Bengaluru, was in fix as to what to do with the big ancestral house that he owned in one of the hotspots in the city. Though he converted the house...