Search Results for: IG Group
JPMorgan deploys software to reduce legal contract work
March 3rd, 2017
The bank has created software which reviews deals in seconds – a task that took lawyers some 360,000 hours every year. JPMorgan Chase introduced the software, COIN, for Contract Intelligence, to interpret commercial loan agreements that, until the project ...
Barclaycard to embed contactless payment in watches and jewellery
March 3rd, 2017
Barclaycard names new bPay partnerships to embed Contactless Payment in Watches and Jewellery Partnering DCK, with its range of ‘Tutch’ jewellery, and HK-based Tappy Technologies, a payment pioneer who embeds technology into traditional timepieces, instantly transforming them into wearable ...
Dollar slips but poised for winning week on March Fed rate hike bets
March 3rd, 2017
The dollar slipped on Friday but remained on track for a solid weekly gain on growing expectations the U.S. Federal Reserve will raise interest rates at its mid-March meeting, which led to a rise in U.S. Treasury yields. The ...
Mobile payments in China exceed US$1tn in one quarter
March 2nd, 2017
China’s Third-party Mobile Payments Size Hit RMB9,041.9 Billion(US$ 1314.23 billion) in 2016 Q3 In 2016 Q3, China’s third-party mobile payment market reached RMB9,041.9 billion in size, a jump of 20.5% quarter on quarter, shows the Quarterly Monitoring Report on ...
International law firms accused of owning millions to Cayman Islands
March 2nd, 2017
Opposition members of the Legislative Assembly alleged Monday that Cayman Islands law firms have denied the nation $50 million in fees over the past decade by averting local licensing. The accusation comes amid heated debate over the proposed Legal ...
Investment in Australian fintech reached a record level
March 2nd, 2017
Investment in Australian fintech reached a record $656 million in 2016, more than triple the $185 million invested in 2015, according to a report by professional services firm KPMG. This equates to an annual average growth rate of around ...
Snapchat IPO considered overvalued by analysts
March 1st, 2017
Snapchat owner Snap Inc. hopes to fetch between $14 and $16 per share in its initial public offering this week but analysts think it may be overvalued. The popular mobile app, which allows users to send photos and videos ...
Japan Exchange Regulation and Tokyo Stock Exchange to apply AI to market surveillance operations
March 1st, 2017
Japan Exchange Regulation (“JPX-R”) and Tokyo Stock Exchange, Inc. (“TSE”) have decided to take the groundbreaking move of applying artificial intelligence (AI) to market surveillance operations. JPX-R and TSE have been examining ways to conduct more sophisticated market surveillance ...
Saudi Arabia wants oil prices to rise to $60 in 2017
March 1st, 2017
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies – the United Arab ...
Singapore launched multimillion programme to help law firms to adopt technology
March 1st, 2017
A S$2.8 million programme was launched on Monday (Feb 27) to help small- and medium-sized Singapore law firms adopt technology, announced the Ministry of Law, the Law Society of Singapore and SPRING Singapore. Small and medium firms – those ...
