Report: Kimura Capital Closes Trade Finance Business

Report: Kimura Capital Closes Trade Finance Business
Report: Kimura Capital Closes Trade Finance Business
December 17, 2024  |  Business

Kimura Capital is reportedly closing its London-based trade finance business and returning money to investors. The company will continue its ventures in commodity logistics and sports management,...

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From Translation to Creation, AI Reshapes Social Media Landscape
From Translation to Creation, AI Reshapes Social Media Landscape
December 17, 2024  |  Artificial Intelligence

Meta rolled out AI translation to its Ray-Ban smart glasses while startup Own.App launched a decentralized social platform promising full content ownership and higher creator...

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AstroPay Debuts Multicurrency Wallet for Cross-Border Payments
AstroPay Debuts Multicurrency Wallet for Cross-Border Payments
December 17, 2024  |  Cross-border Payments

Cross-border finance FinTech AstroPay has introduced its multicurrency wallet. The new offering, announced by the London-based company Tuesday (Dec. 17), is aimed at simplifying how...

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Toshiba Debuts Commerce Marketplace as Retailers Readjust
Toshiba Debuts Commerce Marketplace as Retailers Readjust
December 17, 2024  |  Retail

Toshiba Global Commerce Solutions has debuted a marketplace solution for retailers. The Toshiba Commerce Marketplace is designed to connect retailers with a network of technology partners...

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SEC and Express Settle Charges Related to Disclosure Obligations
SEC and Express Settle Charges Related to Disclosure Obligations
December 17, 2024  |  Legal & Regulation

The Securities and Exchange Commission (SEC) settled charges with Express, Inc., in which it alleged that the fashion retailer failed to disclose executive compensation paid...

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BVNK Expands to US After Raising $50 Million
BVNK Expands to US After Raising $50 Million
December 17, 2024  |  Cryptocurrency

Stablecoin payments infrastructure firm BVNK is expanding to the U.S. after raising $50 million. The company’s Series B round, announced Tuesday (Dec. 17), was led...

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NY Seeks Fairer Lending From Nonbank Mortgage Companies
NY Seeks Fairer Lending From Nonbank Mortgage Companies
December 17, 2024  |  Legal & Regulation

New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. The New York State Department of Financial Services (DFS) says this new regulation would ensure these lenders...

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Data and AI Company Databricks to Raise $10 Billion in Funding Round
Data and AI Company Databricks to Raise $10 Billion in Funding Round
December 17, 2024  |  Investments

Databricks has announced a Series J funding round in which it is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion so far. The...

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Blockchain and AI: The Dynamic Duo Shaking Up Treasury Teams
Blockchain and AI: The Dynamic Duo Shaking Up Treasury Teams
December 17, 2024  |  B2B Payments

For decades, finance functions and treasury teams stared down tedious, manual and repetitive workflows. But today’s financial landscape is in constant motion. Rising regulatory pressures,...

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