finance

Platform News: Nerdwallet

Personal finance start-up NerdWallet files for an IPO

NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to US regulators for an IPO, people familiar with the matter ha...

Platform Industry News: TikTok smartphone app video streaming

ByteDance says it is ‘bleeding’ due to India bank account freeze

An Indian court has granted no relief to the developer of TikTok in a case where the company challenged the local tax authority’s decision to block its Indian bank accounts, ...

UK

Brexit Britain to offer fast-track visas to bolster FinTechs

The UK government has said it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will st...

Singapore's 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...

Platform News: Reserve Bank of India RBI

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...

Platform News: Amazon building

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 latin america

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...

Platform Industry: Google News

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...

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