Tag Archives: wells fargo

The Ethereum-alike blockchain network from Axoni is under development and usage among Goldman Sachs and Citigroup members. Two banks conducted the first equity swap on a new blockchain.This is a milestone in the development of corporate blockchains. Citigroup has already conducted transactions with Goldman Sachs via the secretive blockchain. The first deal occurred on January 28.The blockchain solutions company Axoni launches a distributed ledger network. It was founded in 2013, gathered...

Citigroup decided to make a little bit of difference for its wealthier clients by having a new digital robo-advisor who can help them create their own portfolio. Clients who have at least $50,000 in deposits or investments at the bank automatically qualify for the bank’s Citi Priority package of banking services. It is planned that this package incorporates access to an automated investing program.The program works like most robo-advisors. First, clients have to answer a few questions related...

BTC/USD is as of now exchanging at $8,623. Over the most recent 24 hours, the coin was in a solid bearish disposition amid falling instability.Bitcoin drove the digital money market on Sunday with a sudden short consolidation that surpassed the desired $9,000 without precedent for 2020. The price came to $9,000, yet the highest price level came to $9,194.99. Consolidating trends between $8,500 and $8,750 level are probably going to come first for the time being.The weekend session was very...

Amazon, the company which once only focused on e-commerce, now is also a technology giant. But it just doesn’t stop there. Now the company has revealed its future plans to step into the financial game and wants you to pay with your hands not credit cards.Amazon is now working on a system with which customers might be able to pay for their items with their palms or hands. This system is specifically for physical stores so that people could purchase their items at checkouts much faster.This...

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...

Popular stock-trading startup Robinhood has decided that it is no longer interested in becoming a federally insured bank. Months ago, the company applied for a bank charter with the Office of the Comptroller of the Currency (OCC), in an effort to become a fully-fledged bank but has now decided to shelve said plans.According to the statement, the company has taken this step to shift its attention away from banking to its own core business directed at improving the efficiency of the financial...

Warren Buffett and his company had their total capital rising to a record of $128 billion during Q3 2019, сovering all the losses and showing the company has some great risk management tools. The measure supposes to help the company’s under-performing stocks, while some market analysts claim it will make the stocks fall faster. Berkshire spent 1.7 billion in Q1, 442 million in Q2, and 700 million in Q3 on repurchasing stocks in 2019. They also have changed the rules by which the stocks...

Bitfinex, the cryptocurrency exchange which has been enmeshed in a legal tussle for a while now, has filed an application with the US Court in the Central District of Southern California, through its parent company, iFinex Inc. Filed on the 18th of October 2019, Bitfinex wants the Court, through a subpoena, to help recover more than $850 million that has been unreachable by the exchange because of supposed problems being faced by the company’s payment processor Global Trade Solutions AG,...

Robinhood, the financial services and stock-trading company based in California, has just announced its launch of a new feature called Cash Management. According to the announcement, the new feature which will come with a Mastercard debit card will allow its users to earn an annual percentage yield (APY) of 2.05% on all unused funds left in brokerage accounts. Users can now visit Robinhood and join a growing waitlist, to take advantage of Cash Management and reserve a debit card.In December...

American multinational megabank, Wells Fargo, has revealed its plans to launch a digitized platform which will be used for internal settlements. The service, Wells Fargo Digital Cash, as well as the company’s own U.S. dollar-backed stablecoin, are slated for debut in 2020 and targeted at making USD transfers with a broader plan to accommodate transfers in other currencies within the whole Wells Fargo network.Wells Fargo is an American community-based financial services firm that offers...