July 30, 2024 @ 10:13 pm By Omar Faridi  |  

Deloitte’s 2024 Global Tax Policy Survey analyzed the responses of more than 1,000 tax and finance executives within the Forbes 2000 set of multinational organizations, representing a wide range of industries, organization sizes, and geographies to understand how they are handling the immense changes in… Read More

 Tagged deloitte, taxes

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

In a move to help stop bank impersonation scams and improve the customer experience, Westpac and Optus are introducing a new in-app calling capability for Westpac customers. Westpac SafeCall will allow customers “to receive calls via the app that are Westpac branded, verified by Optus… Read More

 Tagged australia, optus, scams, westpac

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, announced that it has become the first payment service provider to receive the Reserve Bank of India’s Payment Aggregator license for cross-border payments, for both imports and exports. This approval allows the company to “extend its cross-border… Read More

 Tagged cashfree, india, payments, rbi

July 30, 2024 @ 10:10 pm By Omar Faridi  |  

API infrastructure platform M2P Fintech reportedly reached the final stage to secure $80 million at a $900 million valuation. M2P Fintech, previously known as Yap, is said to be in the last few stages of finalizing a new round including new and existing investors, according… Read More

 Tagged api infrastructure, funding round, india, M2P Fintech

July 30, 2024 @ 5:20 pm By JD Alois  |  

Digital bank LendingClub (NYSE: LC) has released Q2 earnings which are being described as an “inflection point” for the Fintech. Net income increased to $14.9 million from $12.3 million in Q1 2024. LendingClub CEO Scott Sanborn, LendingClub CEO said their product innovations enabled them to… Read More

 Tagged banking, digital bank, lendingclub, online lending

July 30, 2024 @ 5:02 pm By Omar Faridi  |  

In a strategic move to extend its global footprint, Toss Securities, a securities firm with a data-driven investment platform based in South Korea, is set to establish a new corporate office in the United States. Toss Securities is a subsidiary of the South Korean Fintech,… Read More

 Tagged data, securities, south korea, toss securities, viva republica

July 30, 2024 @ 11:18 am By Omar Faridi  |  

Fifth Third Bank is pleased to announce a collaborative agreement between Newline by Fifth Third, an embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline and Stripe will “expand embedded financial services… Read More

 Tagged embedded payments, fifth third, fifth third bank, financial infrastructure, stripe

July 30, 2024 @ 10:10 am By Omar Faridi  |  

NatWest Group has issued its first Electric Vehicle Green bond (the “EV Green Bond”) raising net proceeds of €750 million from institutional investors based in the UK, Europe & Asia. The issuance makes NatWest Group the first UK bank “to issue a green bond where… Read More

 Tagged bond, natwest, natwest group, uk, united kingdom

July 30, 2024 @ 9:40 am By JD Alois  |  

British Columbia Investment Management Corporation (BCI) has sold its majority stake in alternative asset firm Hayfin Capital Management to Arctos Partners. Terms of the deal were not immediately available. BCI will remain a “significant and strategic limited partner in certain key Hayfin fund strategies.” BCI… Read More

 Tagged Arctos Partners, bci, british columbia investment management, hayfin, Hayfin Capital Management

July 30, 2024 @ 8:10 am By Omar Faridi  |  

AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million. The investment is led by Puma Private Equity with participation “from Par Equity and financial services industry leaders: Lloyds Banking Group and Nationwide.”… Read More

 Tagged ai, aveni.ai, fintech adoption, funding round, uk, united kingdom