London Technology Club

The Wall Street Journal | January 30, 2020

Banks in the U.S. would no longer face limits on ownership stakes in venture capital funds under a proposal put forth on Thursday by regulators including the Federal Reserve. The proposal to remove a 3% cap on such stakes is the latest step to ease a set of regulations known as the Volcker rule, which were enacted after the 2008 crisis in a bid to strengthen the financial system and reduce the chance of taxpayer-funded bailouts....

Wall Street | April 20, 2020

Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus. The Dow Jones Industrial Average (DJI) fell more than 2% minutes after opening down 147.39 points, or 0.61%, at 24,095.10. The S&P 500 (SPX) opened lower by 28.94 points, or 1.01%, at 2,845.62, while the Nasdaq Composite (IXIC) dro...

PAYMENTS

Allied Payment Network, Movencorp | February 17, 2021

Fort Wayne, Ind.-based Allied Payment Network (Allied) is an industry-leading provider of emerging bill pay technologies to financial institutions. It announced that it will join Moven's collaborative ecosystem of banks, credit unions, and fintech organizations to help financial institutions capitalize on the $3.9 trillion bill pay market. Moven is also a leading technology provider of intelligent banking solutions. It is mainly designed to improve consumer financial wellness. ...

BITCOIN AND CRYPTO

Calypso Group | November 11, 2022

Creonik launches its platform to allow creators to build their communities and monetize their content via crypto. Available in beta, Creonik is powered by the technologies of Calypso Group, a crypto-native fintech ecosystem for businesses. In 2021 Patreon reported there are more than 200,000 creators across the globe who earn a total value of more than $1.2 billion per year. The creator economy still lacks a reliable way to accept subscription payments and donations in crypto Creo...