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Grab Reportedly Considered Acquiring 2C2P Pte

PYMNTS

Aung Kyaw Moe, who is a computer programmer and was born in Myanmar, started the company in 2003 in Bangkok. In addition to ride-hailing, the company’s GrabPay service lets users order food and pay for rides, and the firm is growing into financial services like insurance and lending. The news comes as Grab raised over $4.5

Report 100
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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The FTC has proposed amendments to its 2003 Safeguards Rule and 2000 Privacy Rule, applicable to financial institutions under the Gramm Leach Bliley Act (GLBA). The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments.

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Commerce Takes Hit From Coronavirus With Travel, Supply Chain Impacts

PYMNTS

Travel industry downturns in the past were triggered by disasters such as the 9/11 attacks in 2001, the SARS pandemic in 2002, and the Iraq war in 2003. Financial technology provider WEX , in one case, said it now foresees first-quarter 2020 revenue to be roughly 2 percent to 3 percent under the revenue guidance provided in the past on Feb.

Industry 131
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120 Fintech Unicorns of the 21st Century: November 2020 Update

Fintech Labs Insights

But we achieved a new milestone surpassing the $1 TRILLION-mark in total valuation among the 120 public and private financial technology companies. New in November: Newborns: Verafin , the Canadian anti-financial crime specialist founded in 2003, is set to be acquired by NASDAQ for US$2.75 Ant Technology.