Despite problems with its new logistics system, which cost H&M an additional $45 million, the retailer saw a positive sales trend during September — the first month of the fourth quarter. In a call with analysts, H&M CEO Karl-Johan Persson said that the glitches would have a cost and sales impact, but Reuters reported that they […]
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sponsored A decentralized fintech company has forged a partnership that will see its technology integrated into products offered by TD Bank, one of the world’s largest financial institutions. Hydrogen, a NYC-based business that was recently named KPMG’s fintech startup of the year has signed a public blockchain licensing deal with TD Bank – the world’s […]
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A new amendment from the South Korean government will exclude the sale and brokerage of digital assets from venture business classification. South Korean cabinet ministers have agreed to exclude digital assets trading companies from venture business classification, Business Korea reported September 27. Back in August, the country’s Ministry of Small and Medium-sized Enterprises (SMEs) and […]
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Italy will join an EU blockchain partnership with 26 member states, local MP Mirella Liuzzi confirms in an interview. Italy is about to enter the European Blockchain Partnership, according to the country’s Member of Parliament (MP) Mirella Liuzzi, as cited by Cointelegraph Italy Thursday, September 27. According to Liuzzi, the partnership — a collaboration of […]
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The Chinese Bank of Communications has successfully finished the first issue of a digital mortgages pack on blockchain worth approximately $1.3 billion. The Chinese state-owned Bank of Communications (BoCom) has successfully issued $1.3 billion of residential mortgage-backed securities (RMBS) using blockchain technology, national securities outlet China Securities Times writes Wednesday, September 27. BoCom — the […]
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IBM and Marsh’s blockchain-based commercial insurance partnership will leverage Salesforce links, the companies have confirmed. Global insurance brokerage and risk management firm Marsh announced it would extend its partnership with IBM as part of its proof-of-insurance blockchain solution, a press release confirmed Wednesday, September 26. Marsh, which began working with IBM in April this year […]
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Subscriptions offer consumers access to a steady supply of products, from food preparation and cosmetics to clothing and more. It now appears medical care could be the latest business disrupted by them. Subscription medicine — also called “membership medicine,” “concierge medicine” and “direct primary care” — allows patients to pay a monthly, quarterly or annual […]
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The venture capital (VC) arms of Google and Goldman Sachs participated in the latest investment round for cross-border payments company Veem, Forbes said Wednesday (Sept. 26). GV, formerly known as Google Ventures, and Goldman Sachs led the funding for Veem, though the company declined to release details on how much it raised. Investors Kleiner Perkins, Silicon […]
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In some markets, new entrants into the financial services (FinServ) market went from bank competitors to bank collaborators, seemingly overnight as traditional financial institutions (FIs) realized the potential in acquiring FinTech firms to bolster their own services. However, the competitive spirit isn’t gone, particularly in France, where challenger bank Qonto operates. The company, which recently […]
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FreightRover, a company working to accelerate B2B payments to truck operators, has secured $500 million in financing to fuel its factoring operations. Reports in The Wall Street Journal (WSJ) on Wednesday (Sept. 26) said Crayhill Capital Management provided the investment. FreightRover will use the funds to bolster its invoice financing services for truck operators that wait […]
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