PYMNTS

OCTOBER 22, 2020

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. Ant, the FinTech backed by China's Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai in the next few weeks, according to sources quoted by Reuters.

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PYMNTS

JANUARY 12, 2021

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

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PYMNTS

SEPTEMBER 21, 2020

Ant Group , the online payment provider for China-based Alibaba Group Holding Ltd., China International Capital Corp. , Citigroup , J.P.Morgan and Morgan Stanley are managing the Hong Kong sale. Ant Group declined to comment in an emailed statement. The news comes as Ant Group gained profits of $1.3

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PYMNTS

MAY 11, 2020

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

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PYMNTS

DECEMBER 1, 2020

Germany-based Aareal Bank Group is rolling out its Aareal Exchange & Payment Platform (AEPP) offering. There is an urgent need for solutions that support property management companies' efforts to conserve resources and structure processes more efficiently," Aareal Bank Managing Director Christian Fahrner said in the announcement. "We

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PYMNTS

AUGUST 4, 2020

Japanese eCommerce and payments platform hey announced a Series E investment led by Bain Capital , a press release says. The round was also supported by PayPal Ventures , Goldman Sachs, YJ Capital, Anatole, and existing investor World Innovation Group, according to the release.

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South State Correspondent

MARCH 13, 2023

Based on the bank’s own filing, and like many banks, SVB did not deploy hedging instruments to manage its securities duration risk. The graph below shows loan repricing buckets for three asset-sized groups of banks: under $1B, $1B to $3B, and over $25B in assets. That combination made their liabilities very sensitive to safety.

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PYMNTS

JUNE 3, 2020

Papaya Global , which works in global payroll and B2B payments, has a new investor in Group 11 , a U.S. FinTech venture capital firm, according to a press release. Papaya Global’s services provide an end-to-end process including onboarding and managing cross-border payments.

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Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . What are model risk management and model validation? SR 11-7, issued by the Federal Reserve and OCC in 2011, is the supervisory guidance on model risk management.

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Risk Management Management Regulation Analysis 195

Bank Innovation

JULY 1, 2019

Capital One is contemplating how it can use data management technology, the cloud, APIs and artificial intelligence to meet the needs of middle-market businesses that increasingly are turning away from paper checks toward digital payments.

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PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. In addition to invoice finance, the company offers SMBs a range of other solutions, including order management and online payments tools. Apollo Agriculture.

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Capital Analytics Fintech Report 141

PYMNTS

AUGUST 29, 2019

The Walt Disney Company announced that it has sold its equity interest in the YES Network to a newly formed investor group that includes Yankee Global Enterprises, Sinclair Broadcast Group, and Amazon. The group acquired the 80 percent of the YES Network not already owned by the Yankees, at a value of $3.47

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PYMNTS

SEPTEMBER 8, 2017

The companies range from product life cycle management solutions to those that help other SaaS firms retain clients. million , news reports this week said, from Grotech Ventures, Middleland Capital, the Center for Innovative Technology and Charlottesville Angel Network. Here are all the top B2B FinTech deals from the week.

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Capital Software Lending Online 162

PYMNTS

APRIL 18, 2019

Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility. ’ We think this is an important step forward in the maturation of the token industry.”

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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. has entered into a definitive arrangement to sell Cost Plus World Market to Kingswood Capital Management. Riley Securities Inc.

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PYMNTS

AUGUST 5, 2019

moneycorp, has acquired an Australian independent treasury advisory company called the Rochford Group for an undisclosed sum, according to reports. Rochford helps its clients manage how treasury risks affect their balance sheets, cash and profitability. A payments service provider based in the U.K.,

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Groups Payments Risk Management Capital 108

PYMNTS

JUNE 24, 2019

Fortino Capital Partners revealed that it has invested in Declaree , expanding its portfolio of travel and expense management companies. Founded in 2014 by Bas Janssen, Bart Jochems and Jasper Spoor, Declaree aims to simplify and facilitate paper-based expense management processes.

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PYMNTS

OCTOBER 16, 2020

16) that merger talks with TCS Group Holding (Tinkoff) have fallen apart. . TCS Group Holding is the parent company of the Russian lender Tinkoff Bank. “We We were constantly making concessions to Oleg and were eager to keep his role in managing the bank and helping Yandex as well,” Khudaverdyan said.

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Groups Google Capital Fintech 141

PYMNTS

JANUARY 31, 2019

Central Group, Thailand’s largest retailer, confirmed Thursday (January 31) that it is investing $200 million in a unit of Grab, the Southeast Asia ride-hailing startup. According to Reuters , citing a statement by Central Group, the retailer said it will “acquire a significant non-controlling stake” in the Thailand unit of Grab.

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South State Correspondent

MARCH 14, 2024

This all compares to about a 40%+ return invested in improving processes (loan, branch, cash management, etc.) Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short. Risk management also needs to change.

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Innovation Strategy Capital Comparison 195

PYMNTS

FEBRUARY 19, 2018

India expense management company Happay secured more funding after its Series B round, according to an unnamed source cited by VCCircle on Friday (Feb. Last month, investors placed funding in another corporate expense management company. VCCircle said Happay did not respond to requests for comment on the latest investment.

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Management Capital Tools Cards 144

PYMNTS

JULY 25, 2018

Invoice factoring company Interstate Capital is focusing on speed with its latest enhancements. The firm said this week it is offering an expedited factoring process to accelerate the time it takes for businesses to access capital when they’re waiting for their invoices to be paid. But competition in the industry is growing.

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PYMNTS

MARCH 3, 2020

With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. Its last announcement for fundraising was in 2018 from the venture capital arm of Line. The platform, as of now, teams with “super apps” such as Home Credit and Line.

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Groups Comparison Online Community 130

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

FEBRUARY 23, 2020

There was such a demand for the classes that Emmanuel Babalola, Binance’s Nigerian business manager, said it’ll hold further classes. There are roughly 4,000 traders in Binance’s Nigerian Telegram group. Babalola said Binance intends to open up a fiat on-ramp on the mobile app, too.

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Operations Fraud Capital Marketing 151

PYMNTS

SEPTEMBER 17, 2020

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. The group, based in Geneva, Switzerland, was founded by Facebook to launch the social media company’s entry into digital currency. On the heels of the U.S.

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Management social media Leadership California 142

PYMNTS

OCTOBER 7, 2020

Cloud-based workforce management platform Zira Technologies Inc. After talking with hundreds of managers and employees across a variety of industries, we felt it was time to take the burden off of managers and their employees,” Zira Co-founder and CEO Tito Goldstein said in the announcement. “By has landed $3.1 7) announcement.

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South State Correspondent

JANUARY 17, 2024

We focused mainly on customer profitability and used risk-adjusted return on capital as a proxy for profitability. As we pointed out, bank management needs to understand how a bank creates franchise value, and one way is to sell more profitable products to more profitable customers. The answer is – most likely.

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Study Maine Analytics Capital 195

PYMNTS

MAY 25, 2018

Venture capital activity in the B2B space found software and data management firms securing funding. The company said in a statement that the funding round was led by a series of investors, including General Catalyst, Foundry Group and former Red Hat CEO Matthew Szulik. million open source packages.

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Capital Software California Data 108

CB Insights

MAY 12, 2022

SirionLabs, a provider of contract management technology, has raised $85M in a Series D. The round drew participation from Avatar Capital Partners, Partners Group, Sequoia Capital, and Tiger Global Management. the state of venture report. First name. Phone number. Want the full post? Become a CB Insights customer.

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Capital Management Technology Trends 47

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. the Community Bank Leverage Ratio (CBLR) and the minimum Tier 1 leverage ratio).

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Report Risk Management Capital Data 195

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. Anil Ambani , group chairman of the non-bank financial company (NBFC), revealed the firm’s plans on Monday (Sept. Following Ambani’s announcement, shares in Reliance Capital dropped to their lowest level in two decades.

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Capital Lending Regulation Operations 109

PYMNTS

JANUARY 29, 2018

Small and medium-sized business (SMB) lending company Breakout Capital is expanding its product line, according to company reports on Friday (Jan. Breakout Capital explained that the tool allows factoring firms to use its platform to reach borrowers.

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Capital Company Lending Innovation 109

CB Insights

AUGUST 17, 2021

The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. The post This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations appeared first on CB Insights Research. HOW’S THE COMPANY PERFORMING? Want the full post?

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Capital Operations California Regional 78

Jeff For Banks

FEBRUARY 12, 2024

2/25 Past actions/decisions give the best insights into a management team's acumen, capabilities, willpower, and its pursuit of excellence.effort lol. 2/25 Past actions/decisions give the best insights into a management team's acumen, capabilities, willpower, and its pursuit of excellence.effort lol. Raised capital in late 2019.

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Columbus Indianapolis Capital Community Bank 112

PYMNTS

JANUARY 18, 2021

Sequoia Capital has agreed to invest around 6 billion euros in Auto1 Group before the online car trading platform's initial public offering (IPO), Bloomberg reported Monday (Sept. fund Lone Pine Capital reached a preliminary deal to buy around 50 million euros of Auto1 stock from DN Capital , an early investor.

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Capital Groups Branding Online 234

PYMNTS

OCTOBER 9, 2020

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. Durable Capital Partners led the funding round, while 01 Advisors and Greenoaks Capital participated. “We million Madrona Venture Group-led seed round. Strike Graph. Firms in the U.S.,

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Compliance Payments Fintech Capital 267