Following Blythe Masters’ stepping down as Digital Asset’s CEO, AG Gangadhar, the startup’s chairman will serve as its acting CEO while it locates a new chief executive. Digital Asset, a blockchain startup stated, Blythe Masters, its chief executive officer who is one of the most prominent backers of the distributed ledger technology on Wall Street…
The synergies of the deal will enable TIBCO to add business intelligence features to its software platform that serves large banks. According to sources familiar with the matter at hand, TIBCO Software Inc, is in the process of acquiring Orchestra Networks, a French data management firm. The acquisition will boost its ability to help clients…
SEBA Crypto AG aims to be the bridge between new age financial instruments and traditional institutions. It wants to build a bank that will offer cryptocurrency services to companies and investors while at the same time extend traditional banking services to firms. In an interesting development, SEBA Crypto AG, a Swiss startup, has raised $103…
It will be interesting to seen how the European Union’s General Data Protection Regulation (GDPR) will impact Chinese companies in the EU. In March 2018, when William Zhang’s car insurance was about to expire he did not have to bother looking for renewal options. Two months before the expiry of the policy, Zhang used to…
Of the 250 banks that earlier allowed companies to transact in cryptocurrencies, only two are active. While much of the business has gone to Liechtenstein, Swiss authorities are bent on taking back the crown. Regulators in Switzerland are stepping up their efforts to halt the exodus of cryptocurrency projects from the country. Currently only two…
The investigating appears to focus on Cambridge Analytica’s financial dealings. As per a New Yorks Times report, the FBI and the U.S. Justice Department are investigating Cambridge Analytica, the now-defunct political data firm that was embroiled in a massive scandal over its handling of Facebook Inc user data. Prosecutors are wanting to question former Cambridge…
Mick Mulvaney, U.S. President Donald Trump’s pick to lead the CFPB intends to invalidate the payday rule asap. In a significant development, a leading trade group for small-dollar lenders has asked a federal court to block rules that are meant to shield consumers from predatory loans. As per rules issued in November 2017 by the…
Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…
This merger assumes significance midst the growing global clamour for going cashless. In a significant development, French payments processing company Worldline has agreed to acquire Digital River World Payments (DRWP), its Swedish peer. The move marks a pickup in the merger activity in the payments sector. Although Worldline did not disclose the quantum it had…
It is surprising how many world class businesses still use Microsoft’s Windows XP operating system, one that is totally outdated, in their core production facilities. The major cyberattack that left a wreck in its wake, including halting the operations of Cadbury’s chocolate plans in Australia, crippling the computers of port operator Maersk, is believed to…
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