finance
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...
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...
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...
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...
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’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...
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 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...
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’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.
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...
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...
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...
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...
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