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.
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.
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.
Finastra has today announced that it has partnered with Kotak Mahindra Bank to support its new integrated corporate banking portal, Kotak FYN, using Finastra's Unified Corporate Portal solution. Kotak Bank and Finastra have been working together since October 2021 to expand the Kotak FYN portal for business and corporate customers. The bank's customers can use the new enterprise portal to carry out all trade services. By the last quarter of 2022, the Kotak FYN portal will include many other services, including account services, payments and collections, thus eliminating the need for multiple logins and disparate user interfaces.
