IDEX Accelerator- Global Fellows Program (ID

Nacha | February 07, 2020

US clearing house Nacha is to use blockchain technology to build Phixius, an online platform to ease the exchange of payment-related information between companies. Traditionally, the exchange of payment-related information has consisted of multiple bilateral agreements, which are costly to administer and often run manually, resulting in misdirected payments and opportunities for fraud. The new online platform will integrate technology, rules and participants to streamline the payments process, u...

The International Chamber of Commerce | April 17, 2020

The International Chamber of Commerce has called on Governments and central banks the world over to nullify any rules inhibiting the use of paperless trading, in order to mitigate the disruptive impact of Covid-19 on trade finance transactions. The trade body has filled a memo to regulatory authorities calling for urgent action to remove any reliance on paper-based trade documentation and adopt the Uncitral Model Law on Electronic Transferable Records. The ICC says international le...

Fintech

Brex | August 19, 2021

U.S. fintech company Brex, the all-in-one finance solution for growing businesses, today announced its $50 million acquisition of Israeli-based Weav, which offers a universal API for commerce platforms. The acquisition allows Brex to expand its global presence by establishing an innovation hub in Israel. Brex offers credit cards, business cash accounts, spend management and bill pay software together in a single dashboard for its growing customer base, though it will continue to e...

Wall Street | April 16, 2020

As Wall Street stocks pause for breath following a blistering three-week surge, signals from the options market are suggesting that some investors believe the gains may endure.The Cboe Volatility Index , known as “Wall Street’s fear gauge,” ended below 40 on Tuesday for the first time since March 5, after rising as high as 82.69 during a sell-off that took the S&P 500 down as much as 34% from its peak. That 40 level is a significant one for some VIX watchers: The pre...