Fintech Archives

CENX awarded Tier-1 EMEA service provider contract

International Finance DeskMay 18, 2016

by International Finance DeskMay 18, 2016

Exanova Service Intelligence to orchestrate and assure on-demand services May 18, 2016: CENX the global leader of orchestrated service assurance and management solutions for physical and virtualised networks, announced the company has been selected by a Tier-1 global communications service provider, with headquarters in southern Europe, to orchestrate and assure on-demand cloud and data centre...

Fintech

Drayson Technologies raises £8mn Series B round

International Finance DeskMay 16, 2016

by International Finance DeskMay 16, 2016

Company aims to power Internet of Things devices using recycled wireless energy May 16, 2016: Drayson Technologies Limited, the leading developer of radio frequency (RF) harvesting technology announces the completion of a Series B funding round of £8m led by existing investors Lansdowne Partners and Woodford Investment Management. Existing investors, new investors and staff participated...

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20mn Brits believe cash will soon be extinct

International Finance DeskApril 26, 2016

by International Finance DeskApril 26, 2016

Over 70% of population does not expect to be paying with cash in 5 years’ time April 26, 2016: A new research reveals that a third of Brits believe cash will be extinct within the next 15 years. The study of 1,500 people by leading media agency Starcom also found that the vast majority of...

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Tech veterans to promote product startups

International Finance DeskApril 22, 2016

by International Finance DeskApril 22, 2016

Introduce Rs 125 crore fund called Ideaspring Capital IFM Correspondent April 27, 2016: In order to promote home-grown product startups, angel investors Naganand Doraswamy and Prashant Deshpande; T V Mohandas Pai, co-founder of venture capital firm Aarin Capital; Rajiv Mody, managing director of Sasken Technologies; and Amit and Arihant Patni, founders of Nirvana Venture Advisors...

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BrickVest raises £1 million

International Finance DeskApril 22, 2016

by International Finance DeskApril 22, 2016

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...

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Yahoo not ready to reveal details on bids

International Finance DeskApril 20, 2016

by International Finance DeskApril 20, 2016

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...

Fintech

Is anyone keen on Yahoo earnings?

International Finance DeskApril 19, 2016

by International Finance DeskApril 19, 2016

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...

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£390mn in foreign reserves languishing in British sock drawers

International Finance DeskApril 18, 2016

by International Finance DeskApril 18, 2016

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...

Fintech

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

International Finance DeskApril 8, 2016

by International Finance DeskApril 8, 2016

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...

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IBM and SAP announce plans for major investments

International Finance DeskApril 7, 2016

by International Finance DeskApril 7, 2016

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...