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Reuters | March 09, 2020
Shares of U.S. banks sharply underperformed the broader stock market on Monday as investors bet tumbling interest rates would crush bank profits and worried about rising credit costs in the face of an economy spooked by coronavirus and plunging oil prices. Among the sector’s biggest decliners were smaller banks with the most direct exposure to energy companies as oil futures tumbled as much as a third on Monday due to a price war between Saudi Arabia and Russia. These banks, which include ...
FINTECH
3QualiTy | May 24, 2022
Beginning May 30th, 3QualiTy, a leader in the charitable giving fintech space announced that it will partner with MoonbaSwap, a cross-chain AMM DEX protocol for swapping tokens based on OneLedger and its bridged chains. This partnership will be 3QualiTy’s launchpad for an extended seed sale, and makes the company the first crypto project to use the MoonbaSwap launchpad. Ultimately, this opens up the 3QualiTy platform to additional users, while also providing them with low tr...
AWS | May 05, 2021
Amazon Web Services, Inc. a subsidiary of Amazon.com, Inc. today unveiled Amazon FinSpace, a purpose-built analytics tool that cuts the time it takes FSI companies to locate, plan, and evaluate financial data from months to minutes. Amazon FinSpace collects, indexes and tags data from around an organization's data silos, making it searchable by the entire organisation. This service also includes Apache Spark analytics engine, which contains over 100 data transformations commonly used in the ...
FINANCIAL MANAGEMENT
Wells Fargo and HSBC Holdings plc | November 18, 2022
Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore yuan (CNH). The offshore yuan marks the fifth currency to be settled between the two banks using a shared settlement ledger that currently encompasses the U.S. dollar, Canadian dollar, British pound sterling, and the euro. Since launching the shared DLT solution in December 2021, HSBC and Wells Fargo have settl...
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