PYMNTS

AUGUST 21, 2020

As it aims for an approximately $225 billion valuation, Ant Group intends to seek dual listings in Shanghai and Hong Kong in the weeks to come, Bloomberg reported, citing unnamed sources. The news comes as Ant Group gained profits of $1.3 million in earnings for Alibaba Group Holding Ltd., Alibaba Group Holding Co.

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PYMNTS

DECEMBER 27, 2020

The Chinese government’s previously announced antitrust investigation of Alibaba Group Holding Ltd. China’s State Administration for Market Regulation posted a notice on its website Thursday (Dec. The pressure was sufficient to scuttle what was expected to be a huge initial public offering by Ant Group.

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PYMNTS

DECEMBER 2, 2020

China’s Ant Group, which owns the widely used Alipay payments app, is looking at selling its 30 percent stake in India’s Paytm as friction between the two countries grows, sources told Reuters. Reuters said Paytm, which is partly backed by Japan’s SoftBank Group Corp., Like Alipay, Paytm is a digital payments platform.

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Groups Report Regulation Fintech 179

PYMNTS

DECEMBER 27, 2020

Financial regulators in China are moving to curb the influence of Jack Ma 's Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People's Bank of China criticized Ant on Sunday (Dec.

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Groups Regulation Payments Lending 225

PYMNTS

OCTOBER 26, 2020

Ant, which is backed by Alibaba, plans to list on both the Hong Kong market and on Shanghai's STAR Market in the next few weeks. Ant Group was said recently to be pondering a $280 billion minimum valuation for the double listing, a 12 percent hike from the previous amount speculated.

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PYMNTS

NOVEMBER 3, 2020

Jack Ma has seen his net worth plunge by $3 billion after the Ant Group double initial public offering (IPO) was suspended on Tuesday (Nov. Ant Group was looking to raise around $35 billion in proceeds from the offering. percent of Alibaba, which has a market capitalization of $775.5 Ma also owns 4.2

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Groups Regulation Meeting Lending 160

PYMNTS

NOVEMBER 3, 2020

Several regulatory agencies — the People’s Bank of China (PBOC), Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange — summoned Ma, the controlling shareholder in Ant Group, on Monday (Nov. 2) to answer questions behind closed doors. billion in 2019. .

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Groups Regulation Meeting Fintech 169

PYMNTS

SEPTEMBER 30, 2018

Ripple , the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition. Coindesk noted that most of the members of the new lobbying group have ties to Ripple. Coindesk pointed to Coil as one example. Its founder is the former chief technology officer at Ripple.

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Groups cryptocurrency blockchain Regulation 192

PYMNTS

OCTOBER 28, 2020

Jack Ma’s Ant Group broke records on Wednesday (Oct. CICC and China Securities Co. The billionaire founder of China’s eCommerce giant Alibaba, an Ant Group affiliate, Ma is poised to add some $27 billion to his fortune after the IPO, a Forbes report said. Citigroup, J.P. are leading the Shanghai listing. .

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Groups Examples Capital Marketing 136

PYMNTS

APRIL 4, 2019

SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. In a press release, SWIFT said the community has decided to create the standard in light of multiple planned migrations to ISO 20022.

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PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. On Tuesday (Jan.

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Groups Regulation Lending Operations 141

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

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Groups Minneapolis National Lending 78

PYMNTS

DECEMBER 14, 2020

has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. Bed Bath & Beyond Strikes Deal To Sell Cost Plus World Market. Riley Securities Inc. Riley Securities Inc.

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Branding Groups Retail New York 131

Perficient

SEPTEMBER 21, 2023

Some data may exist in secure warehouses, others within Salesforce, or Amazon Web Services S3. Salesforce Data Cloud Securely Brings It All Together Businesses can leverage the power of tools such as Salesforce’s Data Cloud to bring together multiple data sets.

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Data Tools Customer Experience Security 491

PYMNTS

DECEMBER 18, 2019

To create and promote the adoption of a new royalty-free connectivity standard to make smart home products more compatible with security as a design tenet, Amazon, Google, Apple and the Zigbee Alliance unveiled a new working group. It is created around the idea that smart home devices should be seamless, reliable and secure.

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Groups Google Apple Samsung 131

PYMNTS

MAY 29, 2018

is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. Verint — b ased in Melville, NY — trades on the Nasdaq Stock Market with a market value of around $2.8 software company Verint Systems, Inc. Spokeswomen for all three companies declined to comment on the report.

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Groups System San Francisco Software 164

PYMNTS

MARCH 20, 2019

Delivery and pickup company Postmates has added a free group delivery option, according to reports. . The service is called Postmates Party, and it lets customers have meals delivered as part of a group. Postmates said people can order from Shake Shack, The Halal Guys and Blaze Pizza, among others, and use the group option.

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Groups Video America Capital 122

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

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Security cryptocurrency Bitcoin Regulation 136

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

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Security Regulation cryptocurrency Bitcoin 145

PYMNTS

NOVEMBER 25, 2020

The move by the huge Chinese eCommerce player to take its healthcare branch public, though, comes just a few weeks after authorities in Beijing surprised the financial sector by nixing plans for a massive, $37 billion IPO by Ant Group. Also boding well for JD Health is Joe Biden’s victory in the U.S.

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Groups Report Security Online 158

PYMNTS

JULY 1, 2020

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. IFC ) and Citigroup Inc.

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Marketing Washington New York Fintech 232

PYMNTS

JUNE 24, 2020

Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. million) to become a challenger bank. based fund, and its U.K.

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Security Capital Cards Report 215

PYMNTS

DECEMBER 23, 2019

When it comes to securities, banking and other finance products which are employing technology such as a facial recognition or big data analytics, technologies to regulate that intelligent finance have lagged behind AI development, according to a report by the China Finance 40 Forum , a platform for finance policy research and academic exchange.

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Regulation Groups Policies Big Data 202

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

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Groups Innovation Capital Leadership 116

PYMNTS

SEPTEMBER 27, 2019

The latest IoT Tracker delves into new applications for IoT, as well as its limitations, with a focus on supply chains and security. All of this innovation is also benefiting the cold chain market, which is expected to be worth $447.5 What About Security? Why so bullish? billion by 2025.

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PYMNTS

JULY 1, 2020

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. IFC ) and Citigroup Inc.

Marketing 193

Marketing Washington New York Fintech 193

PYMNTS

APRIL 28, 2017

Global seamless payment technology provider Ingenico Group recently announced an acquisition that will expand its footprint in the Ukraine. Ingenico Group recently acquired the Systems of Secure Transactions (SST) business unit from its long-time partner and distributor in the Ukraine Bancomzvjazok JSC (BKC).

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Groups United States Regional Software 100

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

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Security Capital Analytics Software 189

PYMNTS

APRIL 9, 2020

The Chinese Olympic Committee announced that it has received numerous warnings about illegal marketing related to the planned 2021 Tokyo Olympics. securities laws. But the greedy “sport” of stealing people’s money – in this case, through a blockchain scam – still has crooks going for the gold.

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blockchain Groups Fraud cryptocurrency 166

PYMNTS

FEBRUARY 26, 2020

The new platform provides dynamic marketing campaigns based on members’ transactional, lifestyle and behavioral data. Other CUs are placing an emphasis on attracting new members, particularly from Generation Z, a group rapidly entering the workforce. Deep Dive: Credit Unions Face Data Breach Challenges.

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Nevada Security Innovation Data 192

PYMNTS

NOVEMBER 4, 2020

China’s move to suspend Ant Group’s anticipated blockbuster initial public offering (IPO) likely came from the top echelon of the Chinese government, according to a report in the Financial Times. The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets.

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Lending Groups Regulation Marketing 240

PYMNTS

SEPTEMBER 6, 2019

6), Apple confirmed that a largely Muslim minority group in China, the Uighurs, was the target of attacks in a spying attempt tied to iPhone security flaws, but disputed the way Google described the attacks, Reuters reported. The two companies are rivals, especially in the smartphone market. On Friday (Sept.

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Apple Google Security Community 100

PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Treasury and financial market, among other responsibilities.

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PYMNTS

OCTOBER 2, 2019

In other news, Morningstar Credit Ratings is moving further into the blockchain space by building the largest bridge to date between the blockchain and the global debt securities industry, which had $117 trillion outstanding as of March 2019. And Samsung-backed Blocko is now in the UAE after it secured funding in Asia Pacific and Europe.

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blockchain Security Bitcoin United States 145

PYMNTS

NOVEMBER 30, 2020

Velo Labs has unveiled a joint effort with Visa and Lightnet Group to build out payment offerings together in Asia, according to an announcement. Velo Labs, Visa and Lightnet Group will work together on payment offerings targeted at serving the micro, small and medium enterprise (MSME) lending market in Asia, the announcement stated.

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Lending Groups Capital Security 197

BankUnderground

NOVEMBER 24, 2022

In less than two decades, the system of market-based finance (MBF) – which involves mainly non-bank financial institutions (NBFIs) providing credit to the economy through bonds rather than loans – has both mitigated and amplified the economic effects of financial crises. 1: Money market funds. Background. 3: Margin calls.

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Marketing Policies US Regulation 111

PYMNTS

FEBRUARY 15, 2017

Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless.

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