Swiss exchange SIX has tapped cryptoasset trading specialist Omniex to provide the front-end platform for its digital asset exchange SDX. The agreement includes SIX becoming a shareholder in Omniex.
UK banks are facing fresh challenges as major Wall Street firms including JPMorgan Chase and Goldman Sachs aim their new digital banking units at country's retail lending market.
Mastercard's incoming CEO Michael Miebach has played a key role in the company's multifaceted approach to payment flows and has said the future of payments systems lies in embracing the innovations that challenge old business models. "The future opportunity lies in defining the next innovation and collaboration that will help make businesses more efficient and life more convenient," he said.
For the first time in the central bank's 107-year history, white males hold fewer than half the seats on the Federal Reserve's 12 regional boards. The change has largely been driven by the Fed's own efforts to have its boards more reflective of the citizenry it serves, along with political pressures.
The Consumer Financial Protection Bureau has settled a lawsuit over the implementation of a small-business lending rule that was part of the Dodd-Frank Act passed in 2010. The CFPB will create a Small Business Advocacy Review panel by Oct. 15 with the final rule expected in the next couple years.
JPMorgan Chase's planned development finance institution could help fill gaps in meeting global sustainable development goals, but it remains uncertain whether the initiative merely amounts to "development washing," writes Daniel Bradlow.
Roblox, a startup online gaming platform with 115 million monthly active users, raised $150 million in its most recent funding round. With the new capital it will fund game creators throughout the world and expand its engineering team.
Telkom, the biggest telephone company in Indonesia, will invest as much as $500 million in startups to return the business to growth. "This is important because Telkom is an industry with very high capital expenditure with declining EBITDA and flattening revenue," said Budi Gunadi Sadikin, deputy minister of state-owned enterprises.
Qure.ai, a startup that developed scanning technology that uses artificial intelligence to diagnose head and chest abnormalities, raised $16 million in its most recent funding round. Investors in the round included Sequoia India and MassMutual Ventures Southeast Asia.