FinTech

Multinational payment remittance platform MoneyGram has announced a partnership with the EbixCash network, to expand Moneygram’s presence in India. The partnership was announced in an official MoneyGram news release published on Monday, Jan. 13.The press release states that EbixCash is a wholly-owned subsidiary of Ebix, Inc. The latter is an international supplier of application software products, based in Atlanta, Georgia. Starting immediately, EbixCash will be exclusively responsible for...

The world’s largest job and recruiting website Glassdoor has published its annual list of the 50 best jobs in America for 2020. The top seven spots on Glassdoor’s list of best jobs are taken by tech jobs that appeared there 20 times.The list begins with a front-end engineer outranking data scientist that was holding the top spot since 2016. Making the list of best jobs, Glassdoor considers the following factors: a very strong salary of over $100,000, over 13,000 open positions around the...

XRP gave the crypto community an unexpected gift when it rose by 10 percent on Tuesday. The third biggest cryptocurrency has been sluggish in its movement, barely keeping up with other top cryptocurrencies like Bitcoin (BTC). But in what resembled a rush of adrenaline, XRP astonished crypto investors when it regained strength to take back the $0.244 level. This event is so remarkable because this is the first show of strength XRP has managed to achieve since November ending of 2019.Now that...

South Korean automobile giant Hyundai has recently unveiled its new premium segment SUV called the Genesis GV80. This is the first sports utility vehicle from Hyundai from its Genesis collection. According to reports, Genesis will directly compete with the like of Lexus, Porsche, and BMW operating in this segment.Moreover, the design looks quite bold and distinct and comes with the collaborative efforts from Genesis’ Korea, Europe, and the U.S. office. The GV80 also hosts some premium...

Telegram, an encrypted messaging service, has announced that it’s not looking to fuse its new cryptocurrency wallet with its messaging platform.Telegram Is at the Center of Another Hot IssueIn a statement, Telegram executives claimed:At the time of the anticipated launch of the TON blockchain, Telegram’s TON Wallet application is expected to be made available solely on a stand-alone basis and will not be integrated with the Telegram Messenger service.The big question, however, is, “Will TON...

XRP status has been classified as unclear. The U.S. Commodities and Futures Trading Commission (CFTC) Chairman Heath Tarbert has indicated. He said this in an interview while trying to clarify the status of different cryptocurrencies. He noted:“It’s unclear. Stay tuned I’d say. Part of the issue is that our jurisdiction we share with the SEC [Securities and Exchange Commission]. If it’s a security, it falls under their jurisdiction. If it’s a commodity, it falls under ours.”CFTC...

Credit card giant Visa is acquiring Plaid, San Francisco-based company that focuses on democratizing financial services through technology. The sum of the acquisition made up $5.3 billion, which is twice as much as Plaid’s valuation in 2018.We’re incredibly excited to share that Plaid is joining @Visa!Together, we’re looking forward to expanding our products for developers and connecting consumers with the fintech services that are making money easier for everyone. More details...

Telegram’s bank records are going to be released to the United States Securities and Exchange Commission (SEC). This reversal in the case came as a shock to many. The current ICO misconduct court case has taken another dimension. This change came as in a filing yesterday the Court of the Southern District of New York (SDNY) gave Telegram time till February 26 to release them.The filing will also allow the removal of information. This is for privacy reasons. It is also in line with the privacy...

Saudi Aramco is a Saudi Arabian national petroleum and natural gas company. In December 2019, the company in its IPO initially raised $25.6 billion which already then was a record-setting number. They sold 3 billion shares worth $8.53 (or 32 riyals) a share. Already at the beginning of the IPO, the company stated that they might sell additional shares through the greenshoe option. It’s also called over-allotment of shares, which means that companies are allowed to issue more shares in the...

Recently, the new fintech terms came to town. We are already used to certain terms such as FAANG, FANG and even FAAMNG. When it comes to stocks, and especially technology-related ones, the times are certainly “a-changing”.2020 began already as a pretty turbulent one. With great geopolitical tensions, an unsure trade deal between the U.S. and China, Donald Trump’s impeachment (moreover, Meghan and Harry are leaving the Crown) – it seems that there is going to be a pretty tough year for big...