It often feels like we are reaching a turning point regarding the functionality of modern economic systems. The COVID-19 pandemic has accelerated the cashless debate, with governments and central banks across the globe debating the merits of cashless societies during crises and the advantages of cashless systems to combat among other things, corruption. Advocates highlight…
On Monday, digital music company Believe stated it plans to come out with a stock market listing in Paris with an aim to raise around $608 million (500 million euros) so as to finance its expansion. Believe’s digital music brands, Believe Distribution Services, TuneCore, Groove Attack, Nuclear Blast, Naïve, and AllPoints, compete in a sector…
In a statement Brazil’s facial biometrics and digital admission startup Acesso Digital said, Japan’s SoftBank Group Corp and U.S. private equity firm General Atlantic LLC are leading a $107.25 million (580 million reais) funding round. Following the investment, both, General Atlantic and SoftBank, will hold a minority stake in Acesso Digital. Founded in 2007, Acesso…
In a significant development, Facebook Inc disclosed that it has partnered with external researchers to examine its impact during the crucial 2020 U.S. presidential election. The findings of the studies will be published in the middle of 2021, at the earliest. The initiative expands its Social Science One project wherein academics study the political impacts…
On Tuesday, Singapore’s central bank stated, it has received 21 applications for digital bank licenses which includes 7 licenses for retail banking while the balance is for wholesale bank licenses. The development marks Singapore’s biggest liberalization of its banking sector in two decades as it pushes to bring about online-only banks which will have lower…
On Thursday, gaming firm Razer Inc stated, it is leading a consortium of companies that has applied for online banking license in Singapore. Razer’s fintech business will have a 60% stake in the consortium which includes FWD, an insurance firm, and Sheng Siong Holdings, a private vehicle of the Lim brothers behind a Singaporean supermarket…
In a significant development that bodes well for the environment, Estonians who have typically gone to the forest to down cut trees in the thousands to celebrate Christmas, can now do so with a smartphone app. The state forestry company of Estonia, has launched a mobile application which allows people to search for their trees…
Accenture Plc’s first quarter earnings have beaten Wall Street analysts’ estimates, on the back of fast-growing digital and cloud services businesses. The IT consulting firm has shifted its focus to the cloud and offers a wide range of services ranging from managing clients’ social media marketing strategies to helping them move to the cloud. Accenture…
With vehicles getting increasingly digital, carmakers are warming to White Hat cyber security professionals who scour for vulnerabilities in transportation systems before Black Hat hackers exploit them for commercial or other gains. In a significant development, carmakers are boost efforts to discover lurking vulnerabilities in their increasingly digital car offerings from helpful and friendly hackers.…
Brazil’s second-hand car market is booming and Volanty’s latest funding is proof of that. On Thursday, Volanty, a digital used car portal in Brazil stated, it has received a funding of $17.6 million (70 million reais) from a consortium of venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The development comes in…
business-gurus.com 