Search Results for: R3
French 2017 Budget Confirms Corporate Tax Cut
September 30th, 2016
The French Government has confirmed that an intermediate rate of corporate tax will be introduced next year, to reduce the tax burden on small- and medium-sized firms. Under current rules, business income up to EUR38,120 (USD42,730) per year is ...
BNP Paribas works on Blockchain Technology to develop new products and services
September 26th, 2016
BNP Paribas is currently working with a number of clients to co-develop new products and services, after embarking on a collaborative process during the first-ever BNP Paribas ‘Blockchain Bizhackathon’ earlier this year, focusing on Transaction Banking activities. Based on the promising ...
Northzone raises €300m fund and is eyeing London fintech startups
September 5th, 2016
A European venture capital firm which has previously backed Spotify, iZettle and London fintech startup MarketInvoice, has launched a new multi-million pound fund to plough into tech startups across Europe, including the UK in another vote of confidence in the ...
Four Major Banks Plan to Create Their Own Cryptocurrency
August 25th, 2016
Few major international banks may soon have their own cryptocurrency. According to a recent media report, the banks that are initially going to be part of this initiative includes UBS, BNY Mellon, Deutsche Bank and Banco Santander. These four major banks, who also happen to ...
Banks and tech firms apply blockchain to trade finance
August 10th, 2016
An HSBC (HSBA.L) (0005.HK) and Bank of America Merrill Lynch (BAC.N) venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said ...
Russian Finance Firms Form Blockchain Consortium
July 4th, 2016
A group of Russian banks and financial services companies has formed a private-sector consortium focused on blockchain applications. Announced 1st July, the consortium includes payment processing firm QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and professional services firm Accenture. The launch came during the 25th International ...
ASIC warns for entities providing binary options trading
June 10th, 2016
ASIC warns the public about the conduct of the following entities: Name Address Website Go Trading Technologies Ltd (trading as GOptions) “GOptions” 3rd floor C & H Towers, Corner of Great Marlborough and Great George Streets, Roseau, ...
Athens Stock Exchange announced EUR1.9m net after tax profits
May 24th, 2016
The consolidated net after tax profits of the Athens Exchange Group amounted to EUR1.9m vs. EUR4.1m in the first quarter (Q1) of 2015, reduced by 54%. The net after tax profits per share, which include the securities valuation differences and related taxes, amounted to EUR0.02 vs. ...
‘Bitcoin is dead,’ says prominent fintech exec
April 21st, 2016
Exactly three months ago, a well-known bitcoin developer, Mike Hearn, wrote a post on Medium that rocked the community of people who believe in the future of the digital currency and its technology. Bitcoin, he wrote, has failed. “It has failed ...
Blockchain won’t kill banks: Brock Pierce
April 12th, 2016
Blockchain – the technology that underpins the cryptocurrency bitcoin – is unlikely to kill banks despite warnings from top industry executives, the chair of a bitcoin non-profit organization told CNBC on Monday. Last week, Andrey Sharov, a vice president ...
