FCA research has found that a quarter of consumers would consider withdrawing pensions savings to cover cost of living in the current crisis. According to the FCA, this renders consumers vulnerable to ‘misdirection' scam tactics.
Citi Ventures, Citigroup's first venture capital investing group, and Accel, have co-led a $6 million initial capital financing round for xalts, a Hong Kong based digital asset management firm. This marks Citi Ventures' first seed investment in a crypto firm.
HSBC has launched HSBC Trade Solutions (HTS) to customers in its two largest markets - the UK and Hong Kong. While making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will power commerce that is rapidly evolving across different platforms and ecosystems.
While there have been countless, ground-breaking developments in digital banking in recent years, cash remains the most used legal tender on the planet. Therefore, we need to consider how can we make cash as green as possible.
Financial technology solutions provider MonetaGo today announced that its co-founder and CEO Jesse Chenard will transition to the role of Executive Chairman, and that Neil Shonhard, currently President, will become Chief Executive Officer, effective immediately.
A financial disclosure form filed in New York this week has revealed that top executives of the now bankrupt Celsius Network withdrew $21 million in cryptocurrencies before freezing customer accounts.
OneConnect Financial Technology Co., Ltd (OneConnect), a leading Technology-as-a-Service provider for financial institutions, today announced the official launch of its regional operations in Abu Dhabi Global Market (ADGM), the leading international financial centre of the capital of the UAE. OneConnect's addition to the ADGM family will further support the development of the fintech ecosystem and accelerate the digital transformation of financial services in the UAE and the region.