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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Emmett previously was the top executive of HSBC Bank plc and Europe, where he was responsible for HSBC's UK Wholesale Bank and operations across Continental Europe, Sub-Saharan Africa and Bermuda.

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Virgin Galactic To Become First Listed Human Spaceflight Company

PYMNTS

Special-purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. The spaceflight company sees the arrangement as providing it with sufficient capital for funding until the time its spaceships have the ability to operate commercial and churn a profit.

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‘Ghost’ Kitchens Take A Bigger Role In Food Delivery

PYMNTS

As restaurants continue to wrestle with the questions that come with food delivery — how to make enough money, whether to work with third-party operators, how to manage customer relationships — a new factor is gaining significance. million in fresh capital, a funding round that comes after one in May that brought it about $7.9

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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Financial institutions standing in 2030 will have completed a significant and gut-wrenching transformation of their leadership talent. To overcome the struggle, banks need to build leadership teams that align with how a future “Smarter Bank” will operate. The traditional vertical chain of command can’t handle this challenge.

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Dutch Takeaway.com Gets $10B For London’s Just Eat Takeover

PYMNTS

The merger is a triumph for hedge fund investor Cat Rock Capital , who is invested in both companies and has asked for a deal. After merging its customer and restaurant operation teams earlier this month, Just Eat went through a round of layoffs in the U.K. and Ireland to get rid of redundancies.

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Finastra research points to open finance progress

Bobsguide

Explore the latest trends in lending, payments, universal banking (digital, retail and commercial banking), treasury and capital markets, and Finastra’s broader commitments, including: Open technology: Collaborating to innovate. Sustainable environmental and social value creation in financial services has never been more important.

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Want To Build A 630M, 10 Country Financial Services Ecosystem? Here’s What Grab Did

PYMNTS

As one can imagine, those small-scale businessmen and women are ridesharing drivers who often work long hours every day to earn income to support their families and businesses — and save up in hopes of taking total ownership of their operations. The only way Grab can grow is if the markets and countries we operate in grow,” he said.

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