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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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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.

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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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Israeli Cybersecurity Firm Lands $30M To Expand Into Vehicle Protection

PYMNTS

Israel’s Upstream Security has notched $30 million in a Series B funding round led by Renault Venture Capital, Upstream announced in a press release on Monday (Oct. Upstream Security wants to leverage the software market to protect vehicles from cyber-carjacking. No company wants to be the next one that happens to.”.

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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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