Business
Small Team in Oslo Steers Global Corporate Decisions
Norges Bank Investment Management operates Norway's sovereign fund with a compact team.…
Startup
Fintech
Wirecard’s Illusory Billions Stun the Financial World
Wirecard's alleged €1.9 billion collapsed without existing evidence. Philippine banks counterclaimed Wirecard's assertions with immediate denials. Rigorous auditing changes emerge post Wirecard's financial misguidance.
Pleo Undergoes Job Reductions to Focus on Strategic Goals
Pleo cuts 50 jobs from its 'Offering' teams to streamline operations. The fintech company employs over 800 staff, facing market…
Traditional Banks Attract Customers with Subscription Models
Banks increasingly use subscription models for stable revenue streams. These models must prove added value over free alternatives to succeed.…
Brazil Pushes for Central Bank Autonomy as FinTech Grows
Brazil's central bank seeks increased autonomy as the financial system evolves. Digitalization pressures the bank amidst declining resources and rising…
Stobox Introduces New Era in Tokenization for Real-World Assets
Tokenization provides an alternative to traditional financial systems. Stobox leads in converting real-world assets into digital tokens. Europe and the UK are key players in expanding tokenized finance.
Ant Group Seeks $1 Billion for International Expansion
Ant Group explores raising $1 billion to boost its international presence. Funding may pave the way for a Hong Kong…
European Central Bank Imposes Restrictions on Revolut’s Product Approvals
European regulators restricted Revolut over product approval speed concerns. Revolut initiated compliance assessments following the European Central Bank's restrictions. The…
Nuvei Pursues Acquisition of Payoneer for $2.7 Billion
Nuvei considers acquiring Payoneer for $2.7 billion to enhance global reach. Acquisition follows trend as payment firms consolidate for strategic…
