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Credit Suisse and ING Complete $30 Million Securities Transaction on Blockchain Platform

Bank Innovation

Credit Suisse Group and Dutch bank ING Groep NV today announced they successfully completed a €25 million ($30.48 million) securities lending transaction using blockchain-based software created by blockchain consortium R3.

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Fintech Adyen’s Shares Jump as Sales Beat Estimates

Bank Innovation

Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. The Dutch company, which processes payments for Netflix Inc., and Spotify Technology SA, posted €192.5 million ($219 million) in net revenue for the six months ended December.

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Gemalto CEO promises growth after profit warning fears

Payments Source

Security software-maker Gemalto NV Chief Executive Officer Philippe Vallee says sales growth will accelerate as soon as this quarter.

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Gemalto shares tumble after warning of $489 million charge

Payments Source

Security software-maker Gemalto NV slumped after it announced a goodwill impairment charge of around 420 million euros ($489 million), leading to a brace of analyst downgrades.

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Amazon’s Plan To Enter UK Car Market Causes Problems For Britain’s Auto Sites

PYMNTS

The company has been testing the waters with a limited offer of Fiat Chrysler Automobiles NV models in Italy and is now in talks to start sales in the U.K. is “very, very strong,” anytime newcomers show interest, “it’s enough to unsettle investors,” said Paul Richards, a London-based analyst at Numis Securities. to Alphabet, Inc.

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Five At Five: Even Financial Gets New Funding Round

PYMNTS

The firm, which is a unit of Steinhoff International Holdings NV, had sought to restructure some of its debt. The announcement means that users can now use their Microsoft credentials to access the MasterPass app, which provides secure checkout at participating retail locations, without having to reenter information.

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Fighting financial crime at IBM Think 2018

Insights on Business

Beyond speakers and sessions on the subject financial crime prevention, IBM Think will showcase the latest in blockchain, data analytics, cloud, and artificial intelligence to help you modernize and secure your enterprise. IBM Think 2018 will be held in Las Vegas, NV from March 19-22. See you there!

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