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Australian share market loses $60 billion

24th August 2015
Finishing the day 4% lower than it started, $60 billion has been wiped off the value of Australian shares in what is the worst one-day drop since the global financial crisis. The fall was also compounded by the Asian markets, with Shanghai's losing 11.5% last week alone, falling a further 8% today. These statistics follow […]
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Andy Murray Makes Multiple Investments on Crowdfunding Platform

24th August 2015
Tennis champion and world number two Andy Murray announced today that he has made multiple investments on Seedrs, the largest equity crowdfunding platform in Europe. Murray, who joined the Seedrs advisory board in June, identified three British businesses he wanted to back on the crowdfunding platform, and has invested an undisclosed amount into all three. […]
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Maxxia's CLM compiles a free eGuide on ‘The Essentials of Outsourcing’

19th August 2015
Asset finance company Maxxia’s outsourcing division CLM has recently compiled a free eGuide on ‘The Essentials of Outsourcing’, downloadable from their website. The economic recovery may be underway, but the way businesses work has changed dramatically as a result, with many still cautious to commit resources. As such, outsourcing is gaining favour as a way […]
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Citi Holdings Assets of $116 Billion Declined 22%

19th August 2015
Citigroup Inc. reported net income for the second quarter 2015 of $4.8 billion, or $1.51 per diluted share, on revenues of $19.5 billion. This compared to net income of $181 million, or $0.03 per diluted share, on revenues of $19.4 billion for the second quarter 2014. CVA/DVA was $312 million ($196 million after-tax) in the […]
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ActiveOps sets its sights on US financial market

18th August 2015
Leading global operations performance management specialist ActiveOps has opened a new dedicated US office and appointed a US managing director to actively target the world’s biggest banks and insurers with its globally-recognised Active Operations Management (AOM) method and Workware™ software suite for insight, capacity management and strategic planning to deliver operations excellence. ActiveOps’ existing clients […]
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$25 millon funding strengthens Harkand operations

17th August 2015
Harkand’s key shareholder Oaktree Capital Management has reaffirmed a strong commitment with an additional $25 million (USD) of funding which will allow the company to expand its footprint in new and existing regions. As well as maintaining its operations in current market conditions, the global inspection, repair and maintenance company has recently been awarded three […]
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Funding boost for language app: Babbel raises $22 million

14th August 2015
Babbel, the leading app for language learning, today announces the successful completion of $22 million investment round to drive further growth. The round is led by Scottish Equity Partners (SEP) and supported by existing investors Reed Elsevier Ventures, Nokia Growth Partners (NGP), and VC Fonds Technology Berlin managed by IBB Bet. The investment will add momentum to the company’s impressive growth, while ensuring the continuation of its […]
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Apple Pay's UK performance highly anticipated

13th August 2015
Apple Pay contactless payments use proven NFC (near field communication) technology built into compatible devices in conjunction with the iPhone’s existing Touch ID fingerprint sensor for security, allowing single step transactions. NFC automatically launches Pay when placed near a NFC terminal resulting in rapid transactions; supporting ‘queue busting’ customer journeys, such as transport hubs or […]
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IPC accelerates global expansion by enhancing network capabilities in key European market

12th August 2015
IPC Systems, Inc., a global provider of specialised communications and managed network-as-a-service (MNaaS) solutions for the financial trading community, has enhanced its network capabilities at seven points-of-presence (PoPs) in the Netherlands, Germany, Denmark, Sweden and Switzerland. IPC’s PoPs in Amsterdam, Frankfurt, Copenhagen, Geneva, Stockholm and Zurich have been enabled to support all of IPC’s data […]
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Sequent and Arxan Partnership Advances Security for Mobile Payments

11th August 2015
Sequent, a provider of digital issuance and mobile wallet platform as-a-service, and Arxan Technologies, the leading provider of application protection solutions, today announced a strategic partnership to deliver secure mobile payments for financial institutions and other organisations deploying mobile payment solutions. Sequent and Arxan are combining their industry-leading security technologies in a new solution that protects Host […]
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Prosper’s Growth History: $4 Billion in Loan Originations Since Launch

10th August 2015
P2P lending company Prosper, recently published some facts and stats about its history, performance, and future plans according to Julie Schicktanz at Finovate. Prosper launched in 2006, and six years later, in 2012, the company had closed $150 million in loans. In 2014, Prosper closed $1.6 billion in loans. At the time, this was a […]
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Over a third of consumers don't understand their credit score

7th August 2015
Whether it is applying for a mortgage, buying a car or applying for a credit card, having a positive credit score is vital. However, it appears that many Brits do not understand what can help or hinder their credit score. New research* conducted by credit information provider, Equifax, highlights a surprising lack of knowledge when […]
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