FTB News Desk - FinTecBuzz

China Rapid Finance’s Micro Credit Company Just Received Annual Compliance Review Approval

FTB News DeskDecember 20, 20192 min

China Rapid Finance Limited (NYSE: XRF) (“XRF” or “the Company”), one of China’s leading fintech companies, today reported that its Micro Credit Company just received the approval from the local regulatory annual compliance review. Several members of the management team plan to buy the Company’s stock during the open trading window, in accordance with applicable rules and regulations. Dr. Zane Wang, Founder, Chairman and Chief Executive Officer of the Company, noted: “When the regulators are closing marketplace lending platform...

Risk Management

Quinte Financial Technologies Begins Operations Under New Brand Name

FTB News DeskDecember 20, 20195 min

Quinte Financial Technologies Inc. (Quinte) – previously operating as Quatrro Processing Services (QPS); a longstanding provider of financial crime management solutions – announced today that the Company has been rebranded under the “Quinte” name. “The Company’s name change to Quinte from QPS,” according to Chairman Venu Gopal, “reflects our differentiated response to a fundamental shift in how financial services companies, merchants and payment processors are currently addressing increased demands related to fraud protection, regulatory compliance and...

Risk Management

RDC and Monzo Expand Anti-money Laundering Partnership for Bank’s US Launch

FTB News DeskDecember 20, 20195 min

RDC (Regulatory DataCorp) has renewed its agreement with Monzo, the UK’s fastest-growing bank, in a deal that will see the company’s next-generation customer screening technology extended to cover the bank’s US launch. The arrangement will build on the success of the past two years in the UK where RDC’s data and technology is used to screen for financial crime risk as some 55,000 new customers sign up for a Monzo account every week. fintech news...

HR Payroll

Paydesk partners with TransferWise

FTB News DeskDecember 18, 20194 min

This Fintech collaboration offers low-cost bank fees and free insurance for global freelancers Paydesk, a leading British freelance payments platform today announced a partnership with TransferWise, the fintech company for moving money worldwide, to offer the most efficient payments to freelance workers. Now more freelancers across the world will be able to access the benefits of Paydesk features such as immediate insurance cover and quick payments for work. Freelancers on the Paydesk platform now benefit...

Risk Management

Think Finance Reorganizes and Exits Bankruptcy Protection

FTB News DeskDecember 18, 20193 min

Think Finance, a provider of credit and financial wellness tools receives an exit plan and settlement approval from Bankruptcy Court On December 7, 2019, the business operations of Think Finance, and its subsidiaries emerged from Chapter 11 bankruptcy proceedings as reorganized entities following approval of their joint Chapter 11 plan by the United States Bankruptcy Court for the Northern District of Texas. As part of the ruling, the Think Finance entities resolved all governmental and...

Interview

Interview with CEO, Token.io – Todd Clyde

FTB News DeskDecember 17, 201917 min

Investments

Boris Johnson victory: Boost for the pound, economy and UK financial assets

FTB News DeskDecember 17, 20195 min

Expect the British pound to soar above predictions to $1.40, billions of pent up business investment to be unleashed to boost the UK economy, and the FTSE 100 to open stronger before paring back, as Boris Johnson’s Conservatives secure an impressive majority in the UK general election. But there are many serious challenges ahead, warned the CEO of one of the world’s largest independent financial advisory organizations. Nigel Green, chief executive and founder of deVere...

Investments

WeConvene and RelPro Announce Strategic Partnership

FTB News DeskDecember 17, 20194 min

WeConvene, the largest investor access platform, and RelPro, the leading B2B relationship intelligence solution, have today announced a strategic partnership that will: 1) enable access to RelPro’s global B2B contact and relationship data from WeConvene’s Investor Access platform and 2) introduce WeConvene Event Management and Marketing Tools to RelPro customers. For WeConvene’s buy-side, sell-side and corporate clients the Partnership will enable clients to search for, discover and connect with over 150 million strategic contacts (C-suite, executives...

Payments

REVO Teams Up with Mastercard to Launch Malaysia’s First Card-Linked Rewards Platform

FTB News DeskDecember 17, 20195 min

OfferStation Sdn Bhd, a member of the Innity Group of companies, has introduced a Card-Linked Rewards Platform called REVO, to increase in-store traffic and sales for merchants while rewarding consumers and members alike for shopping. Leveraging on Innity’s position as one of the leading online marketing companies and provider of digital advertising technologies in Malaysia, REVO has teamed up with Mastercard to enhance sales through reward and performance-based marketing programs linked to credit cards. Consumers can easily access cash back rewards...

Crypto Currencies

Equilibrium Sets New Standard for Stablecoin Industry With Groundbreaking Stability Fund

FTB News DeskDecember 16, 20197 min

Equilibrium, a multi-chain framework for building asset-backed stablecoins and decentralized finance (DeFi) products, has used its own capital to establish the cryptocurrency industry’s first Stability Fund. Worth 6.5 million EOS (approximately $17.5 million), the fund aims to provide users with an insurance buffer to protect against market volatility. The Stability Fund’s 6.5 million EOS coins are locked in separate, discrete smart contracts that are activated in the event of volatile market swings that may otherwise...

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