PYMNTS

JANUARY 8, 2020

The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there. China aims to open up the market to international companies, as many foreign firms have been lobbying to enter the country for about 10 years.

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PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. 3), one day after Beijing debuted a set of regulations that would have forced Ant Group to re-do its business model.

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Groups Regulation Lending Financial Technology 189

PYMNTS

FEBRUARY 1, 2021

Add Simon Property Group to the list – the real estate investment trust formed a blank check firm known as Simon Property Group Acquisition in an IPO slated to raise up to $300 million. Funds that have expertise in both companies operating in Asia and how U.S. capital markets work hold a significant advantage.”

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Groups Florida Retail Capital 248

PYMNTS

JUNE 8, 2020

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. The result could rely on conditions in the market and the forecast for when stores could begin to open again.

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Groups Retail Dallas United States 179

PYMNTS

FEBRUARY 1, 2021

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. McDade currently serves as CFO of Simon Property Group.

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Groups Company Indianapolis Exercises 139

PYMNTS

AUGUST 28, 2020

Bloomberg News reported that Transport for London (TfL) will stay neutral and let the court decide whether Uber can operate in its biggest European market. Citing that Uber was unfit to hold a license, TfL suspended the company’s operations last November. The App Drivers and Couriers Union (ADCU), a U.K.-based

Operations 154

Operations Regulation Groups Data 154

South State Correspondent

NOVEMBER 7, 2022

The AOCI is an accounting adjustment meant to reflect the economic value of assets and is the process of “marking loans to market.” In this article, we explore what signals marking your loans to market might send. Banks had enough liquidity so it didn’t really matter in terms of day-to-day operations.

Marketing 195

Marketing Community Bank Community Security 195

PYMNTS

MARCH 9, 2020

billion, Tesco has struck a deal to sell its Malaysia and Thailand assets to entities of CP Group. The move will enable the company to focus on producing shareholder returns and cash from its United Kingdom, Central Europe and Ireland markets, The Wall Street Journal reported. The grocer has left markets such as the U.S.,

Groups 130

Groups Taxes Resources Operations 130

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. On Tuesday (Jan.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

JANUARY 20, 2020

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The filings also indicated that interest income would be spread across operating segments.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

JUNE 1, 2020

The National Coalition of Associations of 7-Eleven Franchisees (NCASEF) said store operators who took in federal Paycheck Protection Program (PPP) loans could potentially have to pay back a “material portion” of the funds. The NCASEF is a trade association for 7-Eleven franchise operators in the U.S., The group says the 7-Eleven Inc.

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Operations National Groups Examples 131

PYMNTS

JANUARY 8, 2020

The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there. China aims to open up the market to international companies, as many foreign firms have been lobbying to enter the country for about 10 years.

Operations 134

Operations social media Cards Apple 134

PYMNTS

JUNE 27, 2019

Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances. We are excited to have Prime Ventures on board.

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Groups Fintech Branding Resources 151

PYMNTS

APRIL 4, 2019

SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. In a press release, SWIFT said the community has decided to create the standard in light of multiple planned migrations to ISO 20022.

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Groups Guidelines Community United States 146

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

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Groups Minneapolis National Lending 78

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. Bed Bath & Beyond Strikes Deal To Sell Cost Plus World Market. It is expected that the business will keep operating as a stand-alone brand.

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Branding Groups Retail New York 131

PYMNTS

NOVEMBER 17, 2020

One of the most challenging aspects of the B2B PPE market amid the pandemic has been a surge in unfamiliar vendors stepping onto the scene. As a result, there were a lot of new entrants and a lot of new suppliers on the market — some people trying to help, and some trying to make a buck.". once again. Know Your Supplier.

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Marketing Meeting Fraud National 235

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 Lavka stocks roughly 2,000 items and operates as a digital market for convenience items. Russian search giant Yandex said in a statement on Friday (Oct.

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Groups Google Capital Fintech 141

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

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Operations System Groups Technology 117

PYMNTS

AUGUST 9, 2019

FairFX, a subsidiary of international payments firm Equals Group, has acquired Hermex International Limited (HermexFX) for £2 million ($2.4 million), Equals Group said in a press release on Friday (Aug. This acquisition further demonstrates the ambition of the Group to be a dominant force in the payments market.

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Groups Payments Strategy Taxes 115

PYMNTS

SEPTEMBER 28, 2020

Not every product launches smoothly (RIP Fire Phone ), not every new endeavor delivers (Amazon’s flirtations with offering a travel platform ended abruptly) and not every new market immediately yields. By and large, Italian consumers first encountered Amazon as a group that firmly preferred shopping in person and paying in cash.

Marketing 237

Marketing Survey Online New York 237

PYMNTS

AUGUST 5, 2019

moneycorp, has acquired an Australian independent treasury advisory company called the Rochford Group for an undisclosed sum, according to reports. That deal marked the company’s first foray into the South American market. We can help accelerate Rochford’s growth by deploying their operating model through the moneycorp group.”.

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Groups Payments Risk Management Capital 108

PYMNTS

MAY 29, 2018

is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. Verint — b ased in Melville, NY — trades on the Nasdaq Stock Market with a market value of around $2.8 software company Verint Systems, Inc. Spokeswomen for all three companies declined to comment on the report.

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Groups System San Francisco Software 164

PYMNTS

SEPTEMBER 3, 2019

Europe’s The Restaurant Group (TRG), which operates over 650 restaurants and pubs across the country, is closing 150 eateries, Financial Times reported on Tuesday (Sept. Known for owning Frankie & Benny’s and Chiquito, the company is shuttering restaurants following an £87.7 million pre-tax loss for the first half of this year.

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Groups Taxes Branding Study 109

PYMNTS

JANUARY 15, 2020

Restaurant groups are reassessing their work in the blossoming field. s most popular fast food groups, was a nice catch for Just Eat, which meanwhile just closed a deal to merge with Takeaway.com for 6 billion pounds ($7.8 The introduction of new competition could disrupt Uber’s influence in the market. Greggs, one of the U.K.’s

Groups 130

Groups Marketing Operations Industry 130

PYMNTS

MARCH 23, 2020

One market expert says that the COVID-19 outbreak will probably bring the housing market to a stop. And, due to coronavirus-related public health orders and the protection of staff, customers and partners, Zillow Group, Inc.

Marketing 151

Marketing New York City New York United States 151

PYMNTS

JULY 1, 2020

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. IFC ) and Citigroup Inc.

Marketing 232

Marketing Washington New York Fintech 232

PYMNTS

JANUARY 20, 2020

Future Group , the Indian conglomerate headquartered in Mumbai, is downsizing its eCommerce division Retail 3.0 The layoffs affected sales, product development, marketing and ground operations and took place over the last few months, two sources said. “The percent stake in Future Group valued at ?2,500 2,500 crore.

Groups 101

Groups Retail Digital Strategies Analysis 101

CB Insights

AUGUST 25, 2021

OPay , a fintech startup, has raised $400M in a Series C with participation from SoftBank Group, Source Code Capital, Sequoia Capital China, and 3W Partners, among others. Additionally, it processes almost 80% of all mobile money operator-based transactions and 20% of all nonmerchant point of sales (POS) transactions in Nigeria.

Groups 67

Groups Mobile Marketing Payments 67

PYMNTS

AUGUST 5, 2019

Ride-hailing firm Be Group in Vietnam is launching two delivery services to compete with Grab and Go-Viet, Deal Street Asia reported on Monday (Aug. Unlike Grab and FastGo, Be Group has also registered itself as a transportation business. The company’s beExpress is designed to be a delivery and postal service for eCommerce enterprises.

Groups 108

Groups Regulation Mobile Marketing 108

CFPB Monitor

JULY 7, 2022

Four leading trade groups are calling on the CFPB to rescind the recent updates to the UDAAP section of its Supervision and Examination Manual that instruct examiners to consider discrimination in connection with non-credit products and services as an unfair act or practice. Chamber of Commerce.

Groups 145

Groups West Virginia Policies Virginia 145

PYMNTS

FEBRUARY 3, 2020

The European Union is examining the creation of a single data market that would reportedly challenge tech firms such as Google and Facebook, as Reuters reported. The creation of a “single European data space, a genuine single market for data” would include new rules governing cross-border use and data interoperability, among other tenets.

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Data Marketing Rhode Island Google 130

PYMNTS

JANUARY 9, 2020

Mergers and acquisitions (M&A) advisory firm Equiteq announced that it advised The Shelby Group , an eProcurement transformation and optimization consulting firm, on a recent growth investment from Boston-based private equity firm WestView Capital Partners , according to a press release.

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Groups Boston Capital Meeting 100

PYMNTS

OCTOBER 29, 2019

Gazprombank is a financial group that’s owned by the state. Group, as well as the control of most of its voting rights. Sberbank said it wants to grow its operations and put pressure on Yandex, a rival in the space. Yandex.Taxi is the market leader in Russia in the ride-hailing market. percent stake in Mail.ru

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Operations Groups Technology Marketing 101

PYMNTS

OCTOBER 29, 2019

Gazprombank is a financial group that’s owned by the state. Group, as well as the control of most of its voting rights. Sberbank said it wants to grow its operations and put pressure on Yandex, a rival in the space. Yandex.Taxi is the market leader in Russia in the ride-hailing market. percent stake in Mail.ru

Operations 100

Operations Groups Technology Marketing 100

PYMNTS

APRIL 1, 2020

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. Yi said the impact of COVID-19 caught Zoku Sushi “completely flat-footed” by the nearly overnight shutdown that came to its base of operations in Midtown Manhattan.

Operations 171

Operations New Jersey Connecticut Course 171

PYMNTS

AUGUST 18, 2020

The platform said that “suspicious activity” that its Sentry workforce found and examined in conjunction with Ukraine’s Cyber Police brought about the identification and detention of a purported cybercriminal group behind alleged ransomware activities and laundering of over $42 million in digital currencies during the past two years. “We

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blockchain Operations Bitcoin cryptocurrency 142