Finastra Launches LIBOR Transition Calculator Service
Market participants can now calculate their own ARR/RFR based rates with fusion LIBOR calculator.
View ArticleRBS Slashes Quarter of Its US Staff
The bank might go for a major global restructuring in the non-UK markets.
View ArticleAlly Financial Cancels $2.65 Billion CardWorks Acquisition
The decision was taken mutually by both parties.
View ArticleKapilendo and Varengold Bank Create First Digital Access to Instant Loans
Frankfurt-based state owned development bank KfW offers coronavirus aid program.
View ArticleWirecard Files for Insolvency with Missing €1.9 Billion
Trades on the company’s shares have been suspended on Frankfurt exchange.
View ArticlePhilippino Lawyer Claims He’s Being Framed for Wirecard Scandal
Mark Tolentino said he is being set up the missing €1.9 billion, but did not provide proof.
View ArticleBaFin to Takeover Financial Probe Following Wirecard Collapse
The regulator already appointed a probe on Wirecard last year, but that did not see any progress.
View ArticleZimbabwe Suspends Mobile Money Platforms to Push Fiat
80 percent of transactions in the country are done with mobile money.
View ArticleWirecard UK Resumes eMoney & Payments Services as FCA Lifts Restrictions
Following the easing of restrictions, clients can now use their cards as normal.
View ArticleGerman Fintech NAGA Continues Strong Growth Path
The number of new customers and trading volumes has grown significantly with an increase of over 50% since Q1.
View ArticleBIS Selects Seven Central Banks to Expand Innovation Hub
These hubs will study critical trends in financial technology.
View ArticleRevolut Services Back to Normal After Going Dark This Morning
Revolut later said on Twitter that the issue had been fixed, although some customers were still experiencing problems.
View ArticleSociete Generale Acquires French Neobank Shine
SocGen plans to expand its retail banking offering for small business and VSE clients.
View ArticleAlibaba’s Online Bank Unveils Five-Year Plan to Acquire More SME Customers
The plan details MYbank’s aspirations to work with partners across multiple sectors to better serve SMEs across China.
View ArticleAustralia Saw Over 80,000 Financial Complaints Last Fiscal Year
The regulator settled $179.12 million in compensation and refunds.
View ArticleMICT Closes Acquisition of GFH with $15 Million in Committed Funding
Global Fintech Holdings' proprietary trading technology platform aims to serve high growth sectors in the global fintech space.
View ArticlePayments Unicorn Pine Labs Bids for Wirecard’s Asia Business
Wirecard North America is also seeking buyers.
View ArticleGermany Wants to Give BaFin More Responsibility Amid Wirecard Scandal
The Finance Minister said he wants to overhaul the oversight system for Germany’s financial industry.
View ArticleStarling Bank Helps Entrepreneurs Get Back to Business Amid Covid-19 Crisis
Digital banking Toolkit helps entrepreneurs spend less time on bookkeeping and more on their business.
View ArticleHead of Wirecard’s Dubai Operations Arrested in Germany
German media have identified the executive of Cardsystems Middle East FZ-LLC as Oliver Bellenhaus.
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