ANEXT Bank secures USD 148 million from Ant Group
The Paypers
MARCH 26, 2024
Singapore-based digital bank ANEXT Bank has secured USD 148 million in added capital from Ant Group , its parent company, as per regulatory filings tracking.
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The Paypers
MARCH 26, 2024
Singapore-based digital bank ANEXT Bank has secured USD 148 million in added capital from Ant Group , its parent company, as per regulatory filings tracking.
PYMNTS
JANUARY 15, 2021
15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.
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PYMNTS
SEPTEMBER 28, 2020
Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The launch comes a few weeks after Ant Group filed its initial public offering (IPO), which could be the biggest listing in the country’s history. China International Capital Corp.
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.
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.
PYMNTS
JUNE 4, 2019
Sales enablement platform Highspot announced it has secured $60 million in Series D funding. ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures.
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.
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.
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
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. India-based Xtracap secured $1 million in angel funding, YourStory reported. There was a nearly 20 percent drop in the number of deals solidified in the quarter, too.
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.
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.
PYMNTS
JULY 31, 2019
Krebs On Security is reporting that the alleged Capital One hacker may have also targeted and stolen data from other corporations. The website named Paige Thompson , nicknamed Erratic, as the alleged hacker and detailed how she would go on messaging service Slack in a group with other supposed hackers.
PYMNTS
SEPTEMBER 8, 2017
This week Oxx, which tends to focus on B2B software startups, led the $12 million funding round for the company, which also saw participation from Industrifonden, SEB Venture Capital and KTH Chalmers Capital, according to reports. Apica said it will use the funds to expand across the U.S. The company raised $2.5 SMB Lending.
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. China TransInfo Technology Corp.
PYMNTS
MARCH 2, 2020
A particularly harrowing cloud services-based fraud incident occurred last year, when a disgruntled AWS employee gained access to more than 100 million Capital One customers’ details. The cloud security space needs to completely rethink its options if such strong systems can still be breached.
PYMNTS
OCTOBER 28, 2020
Jack Ma’s Ant Group broke records on Wednesday (Oct. Morgan Chase, Morgan Stanley and China International Capital Corp led the Hong Kong share sale. CICC and China Securities Co. 28), filing the biggest initial public offering (IPO) to date, with expectations of raising $34.4 Citigroup, J.P. are leading the Shanghai listing. .
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. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.
PYMNTS
JUNE 4, 2019
Automotive cybersecurity company GuardKnox announced it has secured $21 million in a Series A round of funding, bringing its total raised to $24 million. In addition, a group participated as private investors, including Dr. Jürgen Hambrecht, Dr. Paul Achleitner, Robert Taub, Michael Diekmann, Prof.
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.
PYMNTS
FEBRUARY 28, 2020
But for all the pressure to push forward, there are plenty of stumbling blocks and stutter steps when it comes to providing for security, the availability of tech or access to capital. But the irresistible force of meeting expectations is rendering a whole lot of obstacles that are less immovable than they have appeared in the past.
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.”
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.
PYMNTS
OCTOBER 22, 2020
In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Ant Group Moves Ahead With $35B IPO After China's OK. Morgan Stanley and J.P.
PYMNTS
SEPTEMBER 17, 2020
16) filing with the federal Securities and Exchange Commission (SEC). Elsewhere in the filing, the sectors in which Virgin Group operates are listed as travel and leisure, financial services, health and wellness, technology and internet-enabled, music and entertainment, media and mobile, space, and renewable energy.
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.
PYMNTS
OCTOBER 23, 2019
With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. Masayoshi Son, chairman and chief executive of SoftBank Group Corp., billion, senior secured notes of $1.1 billion into the company, according to reports.
Independent Banker
AUGUST 31, 2022
A recent Mercator Advisory Group survey found that 69% of respondents have used PayPal in the past year, and a full 10% reported using Facebook Pay. Security is all. Safety and security repeatedly arise as key factors in customer decisioning. So how do social payments fit in community banks’ long-term future?
PYMNTS
OCTOBER 23, 2019
With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. Masayoshi Son, chairman and chief executive of SoftBank Group Corp., billion, senior secured notes of $1.1 billion into the company, according to reports.
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.
PYMNTS
FEBRUARY 26, 2020
Other CUs are placing an emphasis on attracting new members, particularly from Generation Z, a group rapidly entering the workforce. Credit unions, like any FI, are sitting on a trove of valuable personal information, such as credit card data and Social Security numbers, that hackers would do anything to get their hands on.
BankUnderground
APRIL 28, 2023
This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.
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.
PYMNTS
FEBRUARY 16, 2018
A month after security researchers publicized security flaws in Intel ’s microchips, along with those of other manufacturers, the company is facing 32 lawsuits over the vulnerabilities. Forrest, whose firm owns shares in Intel, also predicts that Intel will increase its chip development spending to focus on security.
South State Correspondent
AUGUST 21, 2023
The three risks are: 1) rising funding costs to erode profitability, 2) reduced capital at small banks compared to larger banks, and 3) elevated commercial real estate (CRE) credit risks. This risk magnifies margin erosion for those banks that hold fixed-rate securities and loans.
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.
PYMNTS
SEPTEMBER 17, 2019
Car leasing app Fair has secured a $500 million revolving credit facility led by Mizuho Bank. SoftBank Group Corp. Through Fair’s Uber program , drivers with a form of digital payment can access a Fair car by the week with no credit check and only a refundable security deposit.
PYMNTS
SEPTEMBER 18, 2020
Next Insurance , the online insurance provider for small businesses, is negotiating a deal to raise new capital in a round that would value the FinTech startup at $2.25 Last fall, it raised $250 million from Munich Re Group, the Munich, Germany-based reinsurer, which gave it a valuation of more than $1 billion.
PYMNTS
JANUARY 19, 2018
The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. Check out the B2B payments, blockchain, logistics and data analytics firms that secured funding below.
CB Insights
NOVEMBER 5, 2020
Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.
CB Insights
NOVEMBER 19, 2020
As blockchain tech gains commercial traction, a growing number of companies want to use it to reimagine the capital markets infrastructure that powers the trade of stocks, bonds, and other securities. The chart above shows the core blockchain tech being used by projects and corporates working on DLT applications for capital markets.
PYMNTS
SEPTEMBER 29, 2020
The Tata Group ’s app, on track to debut by year’s end or January of 2021, will offer food and grocery ordering, fashion and lifestyle, consumer electronics and consumer durables, insurance and financial services, education, healthcare and bill payments. Chandrasekaran said the app would be a huge opportunity for the company. .
TrustBank
FEBRUARY 22, 2021
Therefore, our capital market assumptions are based on expectations for average returns over the next 10 years. As a group we expect these strategies to provide returns of 3.3% So, we think making investment decisions on those guesses is a mistake. annualized over the next 10 years.
South State Correspondent
JANUARY 17, 2024
We focused mainly on customer profitability and used risk-adjusted return on capital as a proxy for profitability. Through this understanding of profitability and productivity, bank managers can set better strategies and tactics plus start to optimize the allocation of capital.
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