Capital Express Assurance Limited

finextra | March 24, 2020

The Covid-19 outbreak may just provide the pin that bursts the fintech bubble, according to a report by Rosenblatt Securities, which forecasts a devaluation of Unicorn businesses and tough times ahead for challenger banks, marketplace lenders and robo-advisory services. The Rosenblatt note points to a likely deterioration in fintech operating performance during a deep downturn, as funding sources evaporate and exit options change significantly. States the report: "These forces may feed off ...

Banking Circle | June 11, 2020

Banking Circle has rolled out virtual IBANs for marketplace sellers. Amazon pays sellers in the currency of their bank account country, hence automatically converting the money and charging 3.9% of the transaction value for sending an international payment....

Bitcoin and Crypto

Digital Currency Monetary Authority | June 27, 2022

A framework for expanded usage of cryptocurrencies and digital assets in banking and financial services has been introduced by the Digital Currency Monetary Authority (DCMA). Since 2013, the executive team of the DCMA has collaborated with governments and central banks on blockchain technology and cryptography related to digital currency. The European Commission, the United Nations, and the World Economic Forum have all highlighted their efforts. Meeting with the Pe...

Financial Management

SellersFunding, Walmart | January 20, 2021

SellersFunding, a worldwide fintech pioneer giving funding solutions to eCommerce businesses, declared the contribution of its full line of financial tools to venders on the Walmart marketplace. Walmart venders would now be able to exploit up to $1 million in working capital, day by day advances to control income and a computerized wallet to smooth out installments to providers around the planet. Walmart has become the second biggest eCommerce marketplace in the US, after Amazon. ...