UK FinTech

Global fintech startups raise $138bn in 2019, ‘just shy’ of record

Siraj Sarwar

Investment for global fintech startups in 2019 was “just shy” of record levels 12 months before, despite trade tensions between China and the US and ongoing Brexit negotiations. Worldwide investors poured a total of $135.7bn into the sector across 2,693 deals last year, which “fell just shy of 2018’s record” of $141bn, according to the…

Revolut opens for business in Singapore

Roger Baird

Revolut has launched today in Singapore, making it the digital bank’s first venture into Asia. The London-based bank, which has over 7 million customers in Europe, said its new service already has 30,000 customers as it has been testing its app on the island city-state for the last year. The move comes days after the…

PayPal

PayPal (PYPL) under Investigation for Money Laundering In Australia

Viraj Shah

Trouble is brewing for US based payment company PayPal (PYPL) as financial intelligence agency of Australia is auditing it for checking compliance with local AML and terrorist financing laws. AUSTRAC audits PayPal Australian Transaction Reports and Analysis Center (AUSTRAC) will be leading an audit into PayPal Holdings to check if the company complied with the…

Morgan Stanley Points Out to Its Falling Net Interest Income

Morgan Stanley Points Out to Its Falling Net Interest Income

Viraj Shah

2019 has been an uncomfortable year for investment banks. For Wall Street giant Morgan Stanley, things have been going south. Its revenues dipped in the first half of the year. Now their finance boss is pointing to interest rates as the bank meets a similar fate in the second half of 2019. What is the…

Apple Suspends Global Program for Siri Response Grading Owing to Privacy Issues

Apple Suspends Global Program for Siri Response Grading Owing to Privacy Issues

Viraj Shah

Tech giant Apple announced on Friday that it had suspended its Siri response grading program because of privacy issues surrounding the matter. The global program analyzed voice recordings from users interacting with Siri. Privacy row over the program Last week, the Guardian reported that the company’s contractors who regularly reviews recordings of its customers were…