Ant Group, the fintech arm of Chinese ecommerce giant Alibaba, is planning on a Hong Kong float as soon as this year, according to Reuters. Ant is targeting a valuation of more than $200 billion, according to two Reuters sources.
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.
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.
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.
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 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 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 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.
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.
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.