Malaysia’s largest independent investment bank, Kenanga, has tapped China’s Ant Group for its mobile development platform as the firm looks to launch a wealth management and financial services super-app. According to Kenanga, the super-app would be powered by Ant Group’s mobile platform-as-a-service (mPaaS). It will have features for stock trading, digital investment management, an e-wallet,
Atlantic Money announced that its users in the UK can now transfer from euro to nine currencies worldwide for just €3. This means in addition to international transfers from the British pound; customers can also transfer euros for a flat fee of €3 and always at the live exchange rate, all the way up to
Late payments from customers are a frustrating obstacle to managing your business’s cash flow. Read our guide to the steps you can take to deal with overdue invoices. Any business owner will tell you that they have experienced late payment of an invoice at some point. According to the Federation of Small Businesses, one-third of
Vesttoo, a leading insurance risk transfer platform, announced that it had signed a partnership agreement with Clear Blue to supply the latter with reinsurance capacity sourced from capital markets investors, totaling a sum of $1 billion USD. Vesttoo’s mission is to bridge the gap between insurance and capital markets by growing insurance-linked investments as a
Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, today announced a $15.5 million Series C extension, led in the United States by Fidelity Information Services, LLC and internationally by Westpac Banking Corporation, with participation from BankSouth. This brings the total Series C funding to $31 million. Kasisto is the market
How to Manage Your Money Wisely? An Overview Money management is a life skill that will assist you in reaching your financial objectives. No matter how much money you make, if you don’t know how to handle it, you won’t be able to build wealth in the long run. To attain your financial objectives, you
Crypto.com, the world’s fastest-growing cryptocurrency platform, announced today it has received regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom (UK) as a crypto asset business. This registration will enable Crypto.com to offer a suite of products and services to customers in the UK, compliant with local regulations. “This is a significant
“According to what I understand, a home buyer who makes a 20% down payment is exempt from having to get mortgage insurance. I paid a 20% down payment of $48,000 for a $240,000 home, but I was informed that I must acquire mortgage insurance since I chose to finance $6,000 in closing expenses, making the
Motive Partners, a specialist private equity firm focused on growth equity and buyout investments in software and information services companies that serve the financial services industry has received the necessary regulatory approvals and completed the sale of Global Shares to J.P. Morgan. Motive invested in Global Shares in August 2018, acquiring a ~40% stake in the business.
Jack Henry & Associates, Inc. announced today that it has entered into a definitive agreement to acquire Payrailz, adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem. Payrailz, a cloud-native, API-first, AI-enabled provider of consumer and commercial digital payment solutions and experiences, is based in Glastonbury, Connecticut. By enabling money
Tax automation fintech Avalara is to be acquired by global investment firm Vista Equity Partners in an all-cash deal worth $8.4 billion. All of Avalara’s outstanding shares will be purchased by Vista for $93.50 per share, a premium of 27% over the stock’s closing price on July 6, 2022. Avalara’s net debt is included in
Florida-based B2B payments platform Plastiq is to become a publicly traded company following a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corporation. The new company, with an estimated $480 million in value, will continue to be run by CEO Eliot Buchanan and go by the name Plastiq. Plastiq expects the transaction to increase
