finance

Grab

Grab raises $300 million for FinTech arm’s ambitious expansion

Southeast Asian ride-hailing and food delivery giant Grab has raised over $300 million from investors headed by South Korea’s Hanwha Asset Management for its rapidly-expandin...

Reserve Bank of India

India’s reserve bank creates a panel to investigate digital lending practices

The Reserve Bank of India has said it had formed a working group to look into digital lending practices, after reports of policy offenses and debtor harassment by several digital l...

Wirecard

Germany promises to probe audit regulator’s Wirecard dealings

Germany has promised to research after the head of the body that regulates auditors told lawmakers he’d traded in Wirecard shares weeks before the payment services business c...

Nokia CEO

Top Nokia investor has high expectations after past underperformance

Nokia’s single largest investor has said it had high expectations of new direction following the Finnish telecoms gear maker had failed to meet its potential under previous d...

Grab

Sources: Grab in talks with Prudential, AIA for FinTech investment

Southeast Asia’s Grab is in advanced talks with Prudential, AIA Group and others since it seeks $300 million to $500 million in investment because of its financial services u...

Amazon

Amazon’s new offerings make India the centre of FinTech push

Amazon.com has added insurance and even gold into its menu of financial services in India, to grow its customer base and attract more subscribers to its Amazon Prime loyalty progra...

e-commerce in India

Buy now, pay later platform Sezzle tests the waters in India

Rising FinTech Sezzle is testing its service offering in India for an expected launch at the end of the year, Charlie Youakim its CEO said, as competition intensifies in the indust...

Grab

Grab expands finance business with consumer loans services and wealth management

Asian ride-hailing business Grab has deepened its financial services push by announcing that it will offer consumer loans services in Singapore and roll-out wealth management produ...

Google

Deutsche Bank and Google agree a multi-year strategic partnership

Deutsche Bank has said it has agreed a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based fin...

Wirecard AG

Wirecard’s missing $2.1 billion didn’t enter Philippine financial system, central bank says

None of the $2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said on Sunday.

Digital Tax US

US pulled out of stalled talks on digital services taxes – Robert Lighthizer

US Treasury Secretary Steven Mnuchin decided to pull out of negotiations on digital services taxes with EU officials after they failed to make any progress, US Trade Representative...

Small Business Finance

How to help your start-up bounce back from the COVID-19 lockdown

Covid 19 has been a difficult crisis for the majority of businesses to deal with, but especially for bootstrapped start-ups. So how can we pick ourselves back up after such a shock...

Reserve Bank of India

Updated: Supreme Court quashes Reserve Bank of India’s banking ban on cryptocurrency

Interested to learn that the Supreme Court in India has overturned a central bank ban which forbid lenders to facilitate banking transactions for cryptocurrency exchanges and trade...

Indonesia, FinTech

Startups race to tap Indonesian growth by aligning with Islam

JAKARTA (Reuters) – Like millions of other Indonesians, Gandi Iswara had for years carried a wad of currency notes for dropping into donation boxes after prayers at mosques i...