Large U.K. companies could face fines or penalties if they don’t pay smaller suppliers on time under new rules being considered by the government, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Kakao Pay is set to be the first South Korean FinTech working with mobile payments to undertake an initial public offering (IPO), according to a report from The Paypers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The U.K. government now estimates its losses from the pandemic could hit 23 billion pounds (about $30 billion), Bloomberg reported, coming from loans used to help businesses affected by the crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As returns from cash management offers are forecasted to drop 12 percent, trade finance revenues for banks are poised to fall by 8 percent in 2020. But a somewhat fast bounce-back for transaction banking revenues is forecasted to take place next year, the Global Trade...
Alternative investment firm Apollo Global Management Co-Founder Josh Harris said he thinks the trend of special purpose acquisition companies (SPACs) is not a flash in the pan, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Global payroll company Papaya Global has landed $40 million in a Scale Venture Partners-led funding round, according to a blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Paris-based business bank Memo Bank is offering a new product three months after obtaining its full banking license, the company said on Wednesday (Sept. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Lending marketplace October worked with major investors and raised €258 million (close to $303 million) over the summer to fund loans to small and medium-sized businesses (SMBs), the company said in a blog post. Get the Full Story Complete the form to unlock this article and enjoy...
One day after an Ernst & Young (EY) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
