Financial technology

CipherTrace Research Finds Criminals Netted $1.4 Billion from Cryptocurrency Crimes in Spring 2020

Cryptocurrency, Decentralization, Financial technology, Uberisation, Money laundering, Articles, Economy, Crime
Tuesday, June 2, 2020 - 2:00pm

MENLO PARK, Calif., June 2, 2020 /PRNewswire-PRWeb/ -- CipherTrace has released its Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report with key data on cryptocurrency crimes and trends that will have regulatory repercussions for VASPs and other financial institutions.

Key Points: 
  • MENLO PARK, Calif., June 2, 2020 /PRNewswire-PRWeb/ -- CipherTrace has released its Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report with key data on cryptocurrency crimes and trends that will have regulatory repercussions for VASPs and other financial institutions.
  • In the first five months of 2020, crypto thefts, hacks, and frauds totaled $1.4 billion, suggesting 2020 could see the second-highest value in cryptocurrency crimes ever recorded.
  • Highlights of key findings are as follows:
    In the first five months of 2020, crypto thefts, hacks, and frauds totaled $1.4 billion, indicating 2020 could see the greatest total amount stolen in crypto crimes outside 2019's $4.5 billion.
  • In the first five months of 2020, cryptocurrency thefts, hacks, and frauds totaled $1.4 billion.

SS&C to Present at the Piper Sandler Global Exchange & FinTech Conference

Economy, SS&C Technologies, Finance, Financial technology, Companies, William C. Stone
Tuesday, June 2, 2020 - 2:00pm

WINDSOR, Conn., June 2, 2020 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of software and software-enabled services for the financial services and healthcare industries, today announced that Patrick Pedonti, Chief Financial Officer, will present at the Piper Sandler Global Exchange & FinTech Conference on Thursday, June 4th, 2020 at 2:00 pm ET.

Key Points: 
  • WINDSOR, Conn., June 2, 2020 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of software and software-enabled services for the financial services and healthcare industries, today announced that Patrick Pedonti, Chief Financial Officer, will present at the Piper Sandler Global Exchange & FinTech Conference on Thursday, June 4th, 2020 at 2:00 pm ET.
  • SS&C is a global provider of services and software for the financial services and healthcare industries.
  • Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world.
  • Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

OKEx Expects 100% Increase in Staff in Two Years

Cryptocurrencies, Digital currencies, OKEX, Bitcoin, Financial technology, Money, Finance
Tuesday, June 2, 2020 - 12:51pm

The COVID-19 pandemic undoubtedly accelerated the adoption of crypto, encouraging more people to grow trust in Bitcoin over traditional safe-haven like gold, stock market, and real estate.

Key Points: 
  • The COVID-19 pandemic undoubtedly accelerated the adoption of crypto, encouraging more people to grow trust in Bitcoin over traditional safe-haven like gold, stock market, and real estate.
  • Considering the growing business opportunities and the increasing demand of crypto trading, OKEx is expanding its presence to different regions of the world beyond the existing 180 countries and areas.
  • We expect a 100% increase in the total number of staff in 2 years serving customers from around the world, said Jay Hao, CEO of OKEx.
  • The OKEx Beacon Program will recruit a total of 6 mentees for a one-month exclusive mentorship with CEO Jay Hao and Director of Financial Markets Lennix Lai.

360 Finance Receives App Security and Information Security Certifications from China’s CVERC

Video game consoles, Economy, Finance, Home video game consoles, Xbox 360, Financial technology, NASDAQ
Tuesday, June 2, 2020 - 12:46pm

SHANGHAI, China, June 02, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (360 Finance or the Company), a leading digital consumer finance platform, today announced that its fintech services application, 360 Jietiao, has received both the App Security Certification and the App Information Security Certification from Chinas National Computer Virus Emergency Response Center (CVERC).

Key Points: 
  • SHANGHAI, China, June 02, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (360 Finance or the Company), a leading digital consumer finance platform, today announced that its fintech services application, 360 Jietiao, has received both the App Security Certification and the App Information Security Certification from Chinas National Computer Virus Emergency Response Center (CVERC).
  • Specifically, 360 Jietiao received a level 3 rating for both app privacy and data security, the highest level granted by the agency.
  • Mr. Haisheng Wu, Chief Executive Officer and Director of 360 Finance, commented, We are pleased to receive the certifications for app security and app information security from CVERC.
  • 360 Finance, Inc.(NASDAQ: QFIN) (360 Finance or the Company) is a leading digital consumer finance platform and the finance partner of the 360 Group.

QuintessenceLabs Wins Prestigious Global CyberTech 100 Award

Professional services, Data management, Security, Technology, Finance, Networks, Financial services, Financial technology, QuintessenceLabs
Tuesday, June 2, 2020 - 11:30am

QuintessenceLabs, the leader in quantum-cyber-security solutions, announced today that it has been selected as a CyberTech 100 award winner, from a field of over 1,000 companies.

Key Points: 
  • QuintessenceLabs, the leader in quantum-cyber-security solutions, announced today that it has been selected as a CyberTech 100 award winner, from a field of over 1,000 companies.
  • The standout companies were selected by a panel of industry experts and analysts who reviewed a study of over 1,000 CyberTech companies that was undertaken by FinTech Global .
  • The CyberTech100 is an annual list of 100 of the worlds most innovative CyberTech companies that every financial institution needs to know about.
  • FinTech Global offers the most comprehensive data, the most valuable insights, and the most powerful analytical tools available for the global FinTech industry.

Telecoming Comes to Egypt to Promote Digital Entertainment

Economy, Articles, Financial technology, Monetization, Mobile payments, Mobile telecommunications, Fortumo, Economy, Articles, Financial technology, Monetization, Mobile payments, Mobile telecommunications, Fortumo
Tuesday, June 2, 2020 - 1:35pm

LONDON, June 2, 2020 /PRNewswire/ --Telecoming, the leading company in the development of digital services monetization technologies, lands in Egypt to promote digital entertainment.

Key Points: 
  • LONDON, June 2, 2020 /PRNewswire/ --Telecoming, the leading company in the development of digital services monetization technologies, lands in Egypt to promote digital entertainment.
  • In a first stage, Telecoming will distribute Real Madrid official contents through local mobile operators who rely on Telecoming to increase their user engagement.
  • With a penetration rate of mobile devices around 94% and more than 100M users, Egypt is one of the most attractive markets for digital services development.
  • Specialized in mobile payments since 2008, Telecoming provides state of the art technology to monetize digital services through Direct Carrier Billing.

Papaya Global Adds Group 11 as a Strategic Investor

Organisms, Plants, Dovi Frances, Financial technology, Urszula Dudziak, Papaya, Linnéa Handberg Lund
Monday, June 1, 2020 - 2:00pm

NEW YORK, June 1, 2020 /PRNewswire/ -- Papaya Global, a leading global payroll and payment platform, is proud to announce today that Group 11 , a leading, US-based fintech VC led by Dovi Frances, has joined the company's investors.

Key Points: 
  • NEW YORK, June 1, 2020 /PRNewswire/ -- Papaya Global, a leading global payroll and payment platform, is proud to announce today that Group 11 , a leading, US-based fintech VC led by Dovi Frances, has joined the company's investors.
  • Papaya Global was founded by Eynat Guez, Ofer Herman, and Ruben Drong with the goal of reinventing global payroll.
  • "Papaya Global solves the challenges of global payroll, which has been managed manually and inefficiently until now, through full automation and a single user interface.
  • The Papaya Global business model reflects Group 11's philosophy of investing in fintech companies that redefine their category by shattering and automating old work paradigms in multi-billion dollar markets, such as the global payroll market," says Dovi Frances, founding partner of Group 11.

Global Remote Mobile Payments - Market Trajectory & Analytics - ResearchAndMarkets.com

Banking, Professional services, Financial technology, Mobile payment
Monday, June 1, 2020 - 10:16am

The "Remote Mobile Payments - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Remote Mobile Payments - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • Amid the COVID-19 crisis and the looming economic recession, the Remote Mobile Payments market worldwide will grow by a projected US $22.4 Trillion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 46.5%.
  • Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Remote Mobile Payments market.
  • Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Remote Mobile Payments market landscape.

DevOps Enterprise Summit London Unveils Virtual Program that Promises to Engage Attendees Through a Dynamic Learning Experience for the DevOps Community

Economy, Financial technology, Retail, Microeconomics
Monday, June 1, 2020 - 9:03am

In addition, the conference programming spans every industry vertical (airline, healthcare, government, fintech, retail industries and more) from around the world.

Key Points: 
  • In addition, the conference programming spans every industry vertical (airline, healthcare, government, fintech, retail industries and more) from around the world.
  • Attendees receive exclusive, on-demand access to all presentation recordings (not available to the public until after October).
  • IT Revolution ( https://itrevolution.com/ ) helps technology leaders achieve their goals through publishing, events, and research.
  • Our goal is to elevate the state of technology work, quantify the economic and human costs associated with suboptimal IT performance, and to improve the lives of technology professionals.

DevOps Enterprise Summit London Unveils Virtual Program that Promises to Engage Attendees Through a Dynamic Learning Experience for the DevOps Community

Economy, Financial technology, Retail, Microeconomics
Monday, June 1, 2020 - 9:03am

In addition, the conference programming spans every industry vertical (airline, healthcare, government, fintech, retail industries and more) from around the world.

Key Points: 
  • In addition, the conference programming spans every industry vertical (airline, healthcare, government, fintech, retail industries and more) from around the world.
  • Attendees receive exclusive, on-demand access to all presentation recordings (not available to the public until after October).
  • IT Revolution ( https://itrevolution.com/ ) helps technology leaders achieve their goals through publishing, events, and research.
  • Our goal is to elevate the state of technology work, quantify the economic and human costs associated with suboptimal IT performance, and to improve the lives of technology professionals.