Markets

Ant Financial Posts Rare Quarterly Loss

Ant Financial Posts Rare Quarterly Loss
Ant Financial Posts Rare Quarterly Loss
November 05, 2018  |  Earnings

Ant Financial, the Chinese FinTech giant and an affiliate of Alibaba Group, posted an earnings pre-tax loss of 2.4 billion yuan ($353 million USD) for the...

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JPMorgan Predicts Next Financial Crisis In 2020
JPMorgan Predicts Next Financial Crisis In 2020
September 13, 2018  |  Economy

Citing an analysis by JPMorgan Chase, Bloomberg reported the Wall Street bank doesn’t think the next financial crisis will be as painful as past crises, but...

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FairFX Turns To M&A, Fundraising For Growth
FairFX Turns To M&A, Fundraising For Growth
August 09, 2017  |  B2B Payments

As the company moves closer into corporate payments and, FairFX is planning an acquisition to aid in this expansion and augment its offerings. The company...

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Dark Web Marketplace Hansa Bans Fentanyl Sales In Wake Of AlphaBay Takedown
Dark Web Marketplace Hansa Bans Fentanyl Sales In Wake Of AlphaBay Takedown
July 20, 2017  |  Markets

What would happen if Amazon went offline today? Not a service blip, like the June outage that redirected users to 503 error pages featuring cute...

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Retail POS Market to Reach $45B in The Next Seven Years
Retail POS Market to Reach $45B in The Next Seven Years
May 10, 2017  |  Payment Methods

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the...

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BoA On What’s Driving Financial Market Stress
BoA On What’s Driving Financial Market Stress
February 09, 2016  |  Payment Methods

Whither liquidity? It withers. Bank of America Merrill Lynch has said that liquidity has been getting harder to come by in the wake of the...

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Fifth Third Launches Service For The Unbanked/Underbanked
Fifth Third Launches Service For The Unbanked/Underbanked
February 04, 2016  |  Mobile Commerce

Noting that in the United States as many as one in four households is either unbanked or underbanked, Fifth Third said Wednesday (Feb. 3) that...

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Saxo Bank Is Launching Payments Banking Market Platform
Saxo Bank Is Launching Payments Banking Market Platform
June 05, 2015  |  Cross-border Payments

Saxo Bank is setting its sights on changing international payments. The company, through its two-year-old Saxo Payments platform, is tackling both compliance and security in...

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