Latest News on Financial Technologies
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Financial Technologies - Total results - 98
Jun 06, 2018
Bombay High Court tells Central Bureau of Investigation to return FTIL founder Jignesh Shah's passportBombay High Court has asked CBI to return the Jignesh Shah's passport, terming the action of retaining it for three years as "illegal and contrary to law"
May 30, 2018
Germany's Rocket Internet is looking at investing $3 billion in financial technology and artificial intelligenceRocket Internet, which had a shaky start in 2014 as its start-ups made big losses, saw its share price jump last year.
Apr 11, 2018
Jignesh Shah-owned 63 Moons Technologies to move Bombay High Court for defreezing operating accountsJignesh Shah-owned 63 Moons, formerly known as Financial Technologies, will move the Bombay High Court tomorrow against the state government's directives to freeze the operating accounts of the company
Mar 15, 2018
Blockchain can improve India's trade finance system but must address certain challenges: ReportBanks in India should start conducting proof of concept with blockchain technology to get a deeper understanding of its likely implication in trade and finance.
Feb 13, 2018
Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrenciesReserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies
Feb 08, 2018
Forbes releases first cryptocurrency rich list; Ripple co-founder Chris Larsen at top with $7.5-8 bn net worthAs per the publication, there are now nearly 1,500 cryptoassets in existence, valued at an aggregate $550 billion
Feb 06, 2018
Bitcoin investments under I-T dept's radar; CBDT sends out notices, says profits from crypto currency trading taxableFinance Minister Arun Jaitley said in his Budget speech earlier this month that all crypto currencies, which include bitcoins, are illegal
Nov 11, 2017
Rate of adoption of financial technologies in India exceeds global average: EY ReportIndia has the second highest FinTech adoption rate among digitally active consumers at 52 percent, only second to China at 69 percent.
Oct 09, 2017
Temasek's venture capital arm Vertex Ventures raises $210 million fund for India and Southeast Asia investmentThe new fund is Vertex’s first with external investors. Vertex’s previous two funds for southeast Asia were fully funded by Temasek Holdings.
Sep 06, 2017
EU banks face stiff competition from fintech firms, as banking rules treat software as a cost rather than an investmentEU banking rules treat software as a cost rather than an investment, forcing lenders to cover expenditure on digital applications with an equal amount of capital