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FACEBOOK BETS ON INDIA WITH $5.7 BILLION RELIANCE DEAL

Facebook, Reliance | April 23, 2020

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Facebook (FB.O) is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries’ (RELI.NS) digital arm, as it looks to roll out services for India’s grocers and small businesses by capitalizing on WhatsApp’s extensive reach in the country. The deal announced on Wednesday is Facebook’s biggest since its $22 billion buyout of WhatsApp in 2014 and will give the Menlo Park, California-based firm a stake in Jio Platforms - the digital services entity that house...

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FISERV RUNS FIELD TESTS OF 'PIN ON MOBILE' TRANSACTIONS

Fiserv | February 18, 2020

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Fiserv has partnered with Visa, Samsung and PayCore to pilot the use of consumer-grade mobile phones as PIN-entry devices for merchant sales. Available via an app-based download to Samsung mobile handsets, the capability enables merchants to accept PIN-based contactless transactions without the need for a separate card reader or PIN-entry device. The so-called SoftPOS system uses the NFC functionality in a merchant's smartphone or tablet to let them accept payments from contactless cards as ...

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CREDIT SUISSE SAYS ‘COMPLETE LOSS’ LIKELY FOR BUYERS OF OIL ETN

Credit Suisse | April 03, 2020

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Credit Suisse (SIX:CSGN) has a message for investors in its triple-leveraged oil ETN: Buy at your own risk. The intraday indicative value of the VelocityShares Daily 3x Inverse Crude exchange-traded notes, or DWTIF, was equal to or less than $0 on Thursday, according to a Credit Suisse statement. As a result, the closing indicative value will be $0, which means current holders and future buyers won’t receive a payout at maturity, if the ETN is called or if they attempt to redeem, it said. ...

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FINANCIAL MANAGEMENT

BLUEPI PARTNERS WITH SNOWFLAKE TO ENABLE THE FAST-GROWING BFSI SECTOR TO GENERATE DATA INSIGHTS, AT SCALE

BluePi | December 24, 2021

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BluePi Solutions, an established player in data-driven solutions, today, announced the partnership with Snowflake, the Data Cloud company, to enable the data insights at scale. This partnership is aimed to serve the financial sector in India, for liberating valued, siloed data and unlocking meaningful insights. Snowflake recently launched its financial services Data Cloud with more than 600 industry data partners, as well as large customers, such as BlackRock, Capital One an...

Read More
news image

FACEBOOK BETS ON INDIA WITH $5.7 BILLION RELIANCE DEAL

Facebook, Reliance | April 23, 2020

Facebook (FB.O) is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries’ (RELI.NS) digital arm, as it looks to roll out services for India’s grocers and small businesses by capitalizing on WhatsApp’s extensive reach in the country. The deal announced on Wednesday is Facebook’s biggest since its $22 billion buyout of WhatsApp in 2014 and will give the Menlo Park, California-based firm a stake in Jio Platforms - the digital services entity that house...

Read More
news image

FISERV RUNS FIELD TESTS OF 'PIN ON MOBILE' TRANSACTIONS

Fiserv | February 18, 2020

Fiserv has partnered with Visa, Samsung and PayCore to pilot the use of consumer-grade mobile phones as PIN-entry devices for merchant sales. Available via an app-based download to Samsung mobile handsets, the capability enables merchants to accept PIN-based contactless transactions without the need for a separate card reader or PIN-entry device. The so-called SoftPOS system uses the NFC functionality in a merchant's smartphone or tablet to let them accept payments from contactless cards as ...

Read More
news image

CREDIT SUISSE SAYS ‘COMPLETE LOSS’ LIKELY FOR BUYERS OF OIL ETN

Credit Suisse | April 03, 2020

Credit Suisse (SIX:CSGN) has a message for investors in its triple-leveraged oil ETN: Buy at your own risk. The intraday indicative value of the VelocityShares Daily 3x Inverse Crude exchange-traded notes, or DWTIF, was equal to or less than $0 on Thursday, according to a Credit Suisse statement. As a result, the closing indicative value will be $0, which means current holders and future buyers won’t receive a payout at maturity, if the ETN is called or if they attempt to redeem, it said. ...

Read More
news image

FINANCIAL MANAGEMENT

BLUEPI PARTNERS WITH SNOWFLAKE TO ENABLE THE FAST-GROWING BFSI SECTOR TO GENERATE DATA INSIGHTS, AT SCALE

BluePi | December 24, 2021

BluePi Solutions, an established player in data-driven solutions, today, announced the partnership with Snowflake, the Data Cloud company, to enable the data insights at scale. This partnership is aimed to serve the financial sector in India, for liberating valued, siloed data and unlocking meaningful insights. Snowflake recently launched its financial services Data Cloud with more than 600 industry data partners, as well as large customers, such as BlackRock, Capital One an...

Read More