Insider today announced a new editorial feature series, Financing a Sustainable Future. It will spotlight how sustainable finance can scale the environmental transition and accelerate social opportunities. The series will explore the critical need to create a healthier and more equitable future for all and how through the collective efforts of nonprofits, governments, public and private
Apple Pay news and Barclaycard Payments has introduced Apple Pay support to its Precision pay Go virtual Visa card. Why does this matter? The card is popular among business users and enables employees to equip staff with virtual Visa cards for use via Apple Pay to handle business-related expenses. Read More
Dechert LLP announced today that Kathleen “Kate” Mylod has rejoined the firm’s global finance practice as a commercial real estate finance partner based in New York. Ms. Mylod was previously an associate at Dechert before joining another law firm; she also served as in-house investment counsel at The Hartford, a leader in property and casualty insurance, group
Frost Bank, one of the largest banks based in Texas, has joined hands with Plaid, a data network that powers the digital financial ecosystem, to To help Frost customers integrate their accounts securely and easily. and finance online. Through its highly ranked mobile app and online banking site, Frost customers will now be able to
Payflo, a leading provider in physical check fulfilment services in North America today announced a partnership with DataBlend, an Integration Platform as a Service (iPaaS) solution that allows accounting and finance professionals to create secure data integrations. The new partnership aims to expand Payflo’s digital integration capabilities for customers that are using the check payment
Western sanctions on Moscow could throw the small but lucrative Russian investment banking business that several large U.S. banks have maintained into question, lawyers said, which could deal a hit to tens of millions of dollars in fees. Major U.S. banks, including JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N) and Citigroup Inc (C.N), have
Encore Funding, an alternative lender that unlocks capital and strategic support for entrepreneurs in the staffing and transportation industries, is pleased to announce its acquisition of two national companies: Millennium Funding, another alternative lender that provides working capital to the staffing and transportation industry and TemPay LLC, a leading payroll provider for temporary staffing agencies.
Finastra today announced its partnership with DataGear, a leading service provider for banking and financial services in Egypt, to enable corporate banks to rationalize core operations, automate compliance and reduce costs. DataGear will provide its customers with Finastra’s solutions, Fusion Corporate Channels and Fusion Trade Innovation, to help banks strengthen their services and grow their business. Read More
Apollo and Mubadala Investment Company today announced the expansion of their global partnership, which currently includes a number of strategic initiatives across Apollo’s integrated platform. The expansion of the partnership supports Apollo’s Capital Solutions business to originate transactions across various asset classes and grow product capabilities. It is designed to benefit a wide range of
Credit Suisse was plunged into a dirty money scandal on Monday after media outlets reported the Swiss bank had managed accounts for human rights abusers, fraudsters and businessmen who had been placed under sanctions. One person leaked information on the accounts, which were held in decades ranging from the 1940s to 2010s, to Germany’s Sueddeutsche
Credit Suisse bank, still reeling from losing billions of dollars last year, faced a fresh challenge Sunday: allegations from an international investigation that it had handled dirty money for decades. A cross-border media investigation broke Sunday claiming that Switzerland’s second-largest bank had held tens of billions of dollars of ill-gotten funds, claims based on an
Trace Finance, a Brazilian FinTech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round. The investment was led by HOF Capital (investors in Dapper Labs, Terra, Flutterwave, and SpaceX) with participation from Circle Ventures (the company behind USDC – a leading USD-pegged stablecoin with a $50 billion fully diluted market cap), The Chainsmokers (via their fund Mantis
