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CECL is a hot topic at Sageworks Risk Management Summit

Abrigo

The Financial Accounting Standard Board’s proposed move to the current expected credit loss, or CECL, is top of mind for many of the bankers and industry experts attending the 2015 Risk Management Summit presented by Sageworks. Some meeting participants, however, expressed skepticism that this timing would hold true.

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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

based digital payments firm, has increased its valuation to $15 billion following the closing of a Tiger Global Management-led $450 million Series C funding round. Checkout.com, which was started in 2012, recently brought an office to New York City. Checkout.com, a U.K.-based and the World Bank.

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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

Looking Back at 2012 Every year, I usually write about the past year with mixed feelings, at times nostalgic for those events and at times, glad that the year is over. 2012 brought us highs, lows, and surprises. Housing markets have begun to improve with the national indices showing year-over-year growth of 3% to 4% recently.

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Mom And Pop Pharmacies Dwindle Amid Competition

PYMNTS

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. Long before the coronavirus pandemic struck, the health of independent pharmacies was suffering.

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European Mobility Platform Bolt Notches ?100M Investment

PYMNTS

Naya Capital Management, the investment manager that Masroor Siddiqui started in 2012, made the investment, according to an announcement. The company said it sped up the growth of its Bolt Food delivery service in the last few months to cover 12 nations.

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CFPB announces new Deputy Director and additions to executive team

CFPB Monitor

She joined the Bureau in 2012 and has over 20 years of experience, having worked in consumer advocacy, community and economic development and on Capitol Hill. Mr. Brown has more than two decades of experience working with national and local organizations to increase financial well-being and economic opportunities for consumers.

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Grab’s Earnings Bouncing Back To Pre-COVID Numbers

PYMNTS

Grab counts Softbank among its biggest investors and has evolved from a ride-hail startup in 2012 to a multi-faceted tech company that was last valued at $14 billion. The startup is planning to offer loans and other wealth management tools.

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