Business

PolicyBazaar’s CEO calls SoftBank-backed expansion a “mistake”

PolicyBazaar’s chief executive officer (CEO), Yashish Dahiya, says that a huge expansion pushed by investors including SoftBank was a “mistake” that led the company to run at a loss. On 7 July, SoftBank’s Vision Fund reportedly bought an additional stake.

How financial institutions can capitalise on open banking benefits

With a world that is becoming increasingly complex, both consumers and businesses are actively seeking out financial service providers that can achieve their financial goals in a manner that’s relevant and seamless. The fewer steps it takes to achieve any.

Report: A new decade of core banking transformation

In a world where headlines can be dominated by new technology like artificial intelligence, quantum computing, application programming interfaces (APIs) and more, it can be easy to overlook the long-time workhorse of the financial services sector. In a digitising world.

AmEx, Visa, Mastercard and Discover to launch Click to Pay globally

A collection of major card issuers are rolling out the new Click to Pay e-commerce standard across the globe. Click to Pay claims 10,000 firms on board in the US American Express, Visa, Mastercard and Discover claim to have signed.

Deutsche Bank faces $150m fine for Jeffrey Epstein ties

Deutsche Bank has been hit with a $150 million fine for failing to properly monitor its relationship with convicted sex offender Jeffrey Epstein, as reported on the BBC. New York state regulators says the bank had suffered “significant compliance failures”,.

Barclaycard and SAP extend partnership to combine Commerce Cloud and Smartpay

Barclaycard Payments has extended its contract with SAP to enable the latter’s clients to use its payments gateway product, Smartpay. SAP and Barclaycard team up once again Any business signed up to SAP’s software-as-a-service (SaaS) offering, Commerce Cloud, can access.

JP Morgan drops “master” and “slave” from internal tech code and materials

JP Morgan Chase & Co is eliminating terms like “blacklist,” “master” and “slave” from its internal technology materials and code as it seeks to address racism within the company, according to Reuters sources with knowledge of the move. The terms.

The pretence of invincibility

Everything we do in business is in pursuit of relevance “Life is lumpy.” Robert Fulgrum’s words, not mine. But truer words have not been spoken. Acknowledging the lumpiness and unpredictability of life is not about imparting wisdom by the way. Far.

Canadian data aggregator Flinks lands $11.8m led by NAventures

Flinks, a Canadian fintech which provides data aggregation services, has landed CAD 16 million ($11.8 million) in a Series A round. NAventures, the corporate venture capital arm of National Bank of Canada, led the round. “One area of expansion will.

Commerzbank plans 10,000 job cuts as CEO and chairman step down

Commerzbank is planning a wholesale shakeup of its internal structure cutting 10,000 of its 40,000-strong workforce. Shareholders are now calling for calm at the bank The news follows CEO Martin Zielke and chairman Stefan Schmittmann stepping down from their roles.