Authentic Brands Could Buy Arcadia Group And Debenhams

PYMNTS

Authentic Brands is said to be in talks with Debenhams and Arcadia Group administrators, with unnamed sources claiming that the retail company is mulling a bid for the Sir Philip Green retail empire and the retailer, Retail Gazette reported.

Improving Your Bank's Digital Experience

ATM Marketplace

Rick Jaros, a principal with Spinnaker Consulting Group, has experience in digital integration, business strategy and change management. For the past 20 years he has worked as an executive with some of the largest banks in the U.S.

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Jack Ma Tells Chinese Regulators Ant Group Not A Bank

PYMNTS

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. IPO Ant Group Digital Banking Innovation international Investment IPOs jack ma News What's Hot

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BCB Group To Help B2B Treasuries Adopt Crypto

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BCB Group , which works in global digital finance, has rolled out a new program to help get corporate treasury departments to embrace digital assets, a press release says. B2B Payments B2B BCB Group cryptocurrencies Digital Payments News treasury What's Hot In B2B

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ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Chinese Regulators, Ant Group Agree On Restructuring Plan For FinTech

PYMNTS

Chinese regulators along with Jack Ma and his Ant Group have reached an agreement that would turn the financial technology company (FinTech) into a financial holding company. Alibaba Group , which billionaire Jack Ma founded in 1999, owns about one-third of Ant , a spinoff company.

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Benetton Group Teams With Retail Intelligence Firm EDITED

PYMNTS

Benetton Group , an Italian fashion company, is teaming once more with retail market intelligence firm EDITED as an "essential platform" for its future three-year roadmap, according to a Wednesday (Dec.

Groups 200

China's Retail Investors Order Over $2.8T Of Ant Group Stock

PYMNTS

Ant Group indicated on Thursday (Oct. Individual investors in Hong Kong have rushed to purchase into the initial public offering (IPO), as they wager that Ant Group will spike in value following its public debut on Thursday (Nov. 29) that retail investors in mainland China made over $2.8

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What Will Ant Group Look Like A Year From Now?

PYMNTS

What’s next for Ant Group – and by extension, Jack Ma? . As reported earlier this month , the Shanghai Stock Exchange delayed Ant Group’s record initial public offering (IPO). In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. .

Groups 211

Chinese Government Asks Ant Group To Share Consumer Data

PYMNTS

Chinese regulators want billionaire Jack Ma to share consumer-credit data collected from his financial technology company Ant Group , which he's largely resisted doing for years, The Wall Street Journal (WSJ) reports.

Groups 172

Mastercard Finalizes Deal For Nets Group’s Account-To-Account Unit

PYMNTS

billion euro purchase of Nets Group’s account-to-account (A2) division, which includes clearing and settlement, real-time payments and eBilling solutions. Partnerships / Acquisitions acquisitions MasterCard Nets Group News What's HotMastercard has finalized its 2.85

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Report: Jack Ma Offered Part Of Ant Group To Chinese Government To Smooth Over IPO Fiasco

PYMNTS

An Ant Group spokesman refused to discuss the substance of the meeting involving Ma and regulators, WSJ reported. WSJ reported that the dispute between Ma and government officials was the cause for the cancellation of Ant Group's planned initial public offering (IPO) earlier this year.

Groups 244

Postmates Rolls Out Group Ordering

PYMNTS

Postmates is joining DoorDash and Caviar in offering its customers the option to place group orders. Group Orders allow you to share orders with friends so they can add items into your shared basket,” the company explained. Name your group, set a spend limit for your guests, and share it out.”. DoorDash has been offering group orders on its site since 2015 and on its app since 2017, while Caviar (now owned by DoorDash) offers group orders on a desktop web browser.

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Beijing Demands More Consumer Data From Jack Ma’s Ant Group

PYMNTS

Although Jack Ma agreed to turn over Ant Group’s customer financial data, the People’s Bank of China (PBoC) and Beijing regulators are not satisfied with the quality of what’s been submitted, the Financial Times (FT) reported on Tuesday (Mar.

Groups 141

Ant Group Overhauling Operations To Satisfy Chinese Regulators 

PYMNTS

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Regulation Ant Group china international jack ma News regulations What's Hot

Groups 158

UK Financial Services Group Eyes Global Expansion

PYMNTS

The trade group UK Finance “has set out proposals to place the financial services industry at the heart of the U.K.'s 22), the banking and finance industry group released a new report that lays out a program to promote international trade in financial services.

Groups 141

Tata Group To Buy $1.3 Billion Stake In Indian Online Grocer BigBasket

PYMNTS

India's Tata Group will buy a 68 percent stake in online grocer BigBasket for about 95 billion rupees ($1.3 The deal provides a full exit for China’s Alibaba Group , which owned 27 percent of BigBasket.

Groups 172

Frasers Group Could Purchase Debenhams Department Store Chain

PYMNTS

high street, Frasers Group said it is in talks to purchase the Debenhams department store company from administrators, The Irish Times reported. The news came after Arcadia Group, Debenhams' largest concession operator, fell into administration.

Groups 163

55-Plus Group Lends Optimism To Travel Operators

PYMNTS

British travelers age 55 and older buoyed by confidence in newly approved COVID-19 vaccinations are driving a powerful surge in trip bookings, the Financial Times reports. The paper cited positive data from a large swath of UK tour operators.

Ant Group Moves Ahead With $35B IPO After China's OK

PYMNTS

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. The Ant Group listing would be the first to be on both the new STAR Market in Shanghai and in Hong Kong.

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Ant Group Debuts Virtual Bank In Hong Kong Weeks After Filing IPO

PYMNTS

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.

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L Catterton To Acquire Majority Stake In Birkenstock Group

PYMNTS

Birkenstock has struck a deal to sell a majority share of Birkenstock Group to private equity firm L Catterton and its affiliates with the inclusion of Financière Agache, Bernard Arnault’s family investment company, according to a Friday (Feb.

Groups 186

Foreign Investors Stand To Gain $8B With Ant Group’s IPO

PYMNTS

Ant Group’s pending IPO could spell a multibillion-dollar payday for a small and elite group of foreign investors, who bought a stake in the giant Chinese FinTech two years ago, The Wall Street Journal reports. IPO Ant Group international Investments ipo News What's Hot

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How Citizens Financial Group Is Driving Omnichannel Banking Forward

PYMNTS

These interactions must give consumers the impression that they are still transacting with the same bank regardless of which channel they have chosen to use, said Eric Schuppenhauer , president of consumer lending and national banking at Citizens Financial Group.

Groups 172

Grab Financial Group Raises $300 Million For Expanded Finance Solutions

PYMNTS

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. Grab Financial Group had a productive 2020 in which it managed to increase total revenue by 40 percent.

Groups 228

Ant Group Reels In Small Investors As IPO Nears

PYMNTS

FinTech company Ant Group continues to press toward having the biggest initial public offering (IPO) ever, with returns at an estimated $35 billion. Ant Group is the online payment affiliate of China-based Alibaba Group Holding.

Groups 164

First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19 th biggest U.S. Partnerships / Acquisitions acquisitions banking CIT Group First Citizens M&A mergers News partnerships What's HotAn approximate $2.2

Groups 180

Germany's Aareal Bank Group Rolls Out B2B Payment Platform

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Germany-based Aareal Bank Group is rolling out its Aareal Exchange & Payment Platform (AEPP) offering. B2B Payments Aareal Bank Group Aareal Exchange & Payment Platform automation B2B banking Banks Digital Banking international News What's Hot In B2B

Groups 163

Ant Group’s valuation seen dropping to $108 billion on crackdown

Payments Source

Ant Group Co.’s Compliance Ant Group IPOs Chinas valuation may be cut further under new measures proposed by China to curb market concentration in its online payments market, according to new estimates from Bloomberg Intelligence.

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Ant Group Launches Copyright Services Platform

PYMNTS

If so, Chinese FinTech Ant Group has a deal for you. As Ant Group is on the verge of launching a blockbuster, $35 billion IPO , its blockchain business, AntChain, has unveiled a new platform designed to help those on the creative side of the aisle protect their work from poachers.

Groups 130

Merchants Financial Group, Inc. Announces Earnings of $21,511,521 for 2020

MerhantsBanks

Merchants Financial Group, Inc. Current News Merchants Financial Group MFGI quarterly numbers quarterly updateMFGI) announced year-end earnings for 2020 with net income of $21,511,521, according to MFGI President & CEO Gregory M. Evans.

Ascena Retail Group Considers Bankruptcy Filing

PYMNTS

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Retail Ann Taylor Ascena Retail Group bankruptcy Catherine’s Lane Bryant News What's HotA Chapter 11 filing would let the firm maintain the operation of some of its brands as it looks to sell other names and could come as early as July, Bloomberg reported, citing unnamed sources.

Groups 159

Chinese Conglomerate Fosun Group Bets Big on Blockchain

Bank Innovation

A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technologybillion, is China’s largest private investment conglomerate, has confirmed that it has invested “tens of millions of yuan,” or multi-millions of US dollars, into a Shanghai-based startup responsible for a local blockchain technology platform.

Groups 234

Ant Group Reportedly Eyes Sale Of 30 Pct Stake In India’s Paytm

PYMNTS

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.,

Groups 199

Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

Mall owner Simon Property Group has formed a “blank check” company to go on the hunt for “a company or assets with significant growth potential and prospects.” The new company will be a special purpose acquisition company (SPAC) called Simon Property Group Acquisition.

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