FairFX

Apple | January 20, 2020

Everyone knows that the global corporate tax system needs to be overhauled, Apple (AAPL.O) Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration. The growth of internet giants such as Apple has pushed international tax rules to the limit, prompting the Organisation for Economic Cooperation and Development (OECD) to pursue global reforms over where multinational firms should be taxed. The reforms being examined center around the booking of...

Worldpay | June 17, 2020

Worldpay is rolling out a new Open Banking Hub to merchants, enabling users to pay for purchases direct from their bank account, circumventing the need to enter card or account information into a third party site. The Worldpay Hub provides a single API integration to all UK banking providers. When consumers make a purchase via a mobile device they are automatically redirected to their banking provider’s app to complete their order, while also able to view their bank account balance in duri...

TransferWise | June 30, 2020

Financial technology firm TransferWise has obtained a license from the U.K. markets watchdog to offer retail investment services to clients. The London-based firm started life as a means of sending money internationally online. In 2018, it made a deeper push into banking by offering a “borderless” multi-currency account tied to a debit card. Users have so far deposited £2 billion ($2.5 billion) with the account. Now, TransferWise plans to launch a service that let...

FINTECH

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 ...