JM Financial

Investment Management

Wells Fargo & Company | December 14, 2021

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced an agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange (FX) transactions. Through this agreement, Wells Fargo and HSBC will jointly use a shared settlement ledger to process US dollar, Canadian dollar, British pound sterling and Euro transactions with plans to extend the platform to settle additional currencies in the near future. Utilizing blockchain technology, this solut...

Financial Management

Finvasia | December 15, 2021

Finvasia Group today announced the acquisition of Zulu Trade Group, the world’s largest and oldest social network for trading and investing. It’s supremacy as the largest “broker agnostic” social trading platform remains unchallenged even after 14 years of its operations. ZuluTrade has helped over a million investors across more than 100 countries and has traded in excess of USD 2 trillion worth of trades. In addition to ZuluTrade, the deal also includes AA...

Visa | April 08, 2020

Neat, a Hong Kong-based fintech offering multicurrency accounts to SMEs and startups, has raised $11 million in a funding round supported by Pacific Century Group, MassMutual Ventures Southeast Asia, and new commercial partner Visa. With a global count of 500M+ startups and other SMEs, funds from this round will be used to further Neat’s international expansion. After opening an office in Shenzhen in 2019 targeting Chinese exporters, Neat has just opened a new office in London and is set t...

Core Banking, Fintech

PRnewswire | April 11, 2023

Paysend, the card-to-card pioneer and international payments platform, is solidifying its money transfer services to Latin America by enabling U.S. customers to send money to Latin America quickly, securely and for a low fee through transfers to bank accounts. Since launching transfers to bank accounts in the Dominican Republic, Haiti, Jamaica and Mexico in 2022, U.S. customers will now be able to transfer money to friends and loved ones bank accounts in Bolivia, Colombia, Peru, Uruguay, B...