Новости за 02.07.2021

South Korea’s largest online payment firm, Kakao Pay, is moving toward a $1.4 billion initial public offering (IPO) later this summer. Per the IPO filing, the firm could walk out with an overall market cap of $11 billion. The Ant Group-backed, Pangyo-based FinTech company is one of a series of South Korea firms to tap capital […]

The London Stock Exchange reported a “strong start” to 2021, with more than £27bn of equity raised, the highest H1 since 2014. In addition, 49 IPOs raised £9bn, which is the highest number of H1 IPOs since 2017. “This success illustrates the importance of public market financing to underpin growth, innovation and job creation, along […]

Robinhood is seeking a $40 billion valuation in its initial public offering (IPO) following an increase in both profits and users, the Financial Times (FT) reported on Friday (July 2). Revenues more than tripled to $959 million in 2020, up from $278 million in 2019, and this year is following that same trajectory, according to […]

China’s market regulator is preparing to crack down on illegal pricing, including online platforms that charge different prices based on customer buying patterns. As Reuters reported Friday (July 2), the draft rules are the latest example of the State Administration for Market Regulation’s (SAMR) attempt to crack down on China’s “free-wheeling platform economy” in the form of […]

The Monetary Authority of Singapore wants more power to conduct financial misconduct investigations, proposing new rules that would allow its officers to enter premises without a warrant or even prior notice. As Bloomberg News reported Friday, the MAS wants to amend a financial institutions bill under the Securities and Futures Act or the Financial Advisers […]

South Korean payments startup Kakao Pay, a division of Kakao Corp, is seeking $1.4 billion (about 1.63 trillion won) in an initial public offering (IPO) that is expected to float 17 million new shares, according to a Friday (July 2) press release. Backed by China's Ant Group, the Pangyo-headquartered FinTech expects shares to be priced in the […]

To help firms make cross-border payments and manage logistics, among other tasks, a host of companies from the U.S. to the U.K. and India have revealed investments. This week’s B2B FinTech roundup finds an eCommerce fulfillment service provider from Chicago raising $200 million in new funding, while a U.K. payment and payout provider landed $7.5 […]

Amid the great digital shift, smaller firms are increasingly vulnerable to complex and ever-evolving fraud schemes. Sontiq Senior Vice President of Digital Financial Wellness Jim Van Dyke told PYMNTS in an interview that small- to medium-sized businesses (SMBs) have been facing a bit of a double-edged sword. “Small businesses that survived the pandemic often did […]

It’s getting hard to keep good fraudsters down as they are now turning to social engineering techniques to trick users and gain access to crypto accounts. In this month’s Digital Onboarding Tracker, Konstantin Anissimov, executive director of cryptocurrency exchange CEX.io, explains how exchanges are using blockchain tech to protect their platforms from bad actors.

Enterprises of all sizes and sectors are grappling with legacy spend management processes. Not only do many of them rely at least partially on pen, paper and spreadsheets to keep track of who owes what to whom and when, but those that use digital tools often use multiple systems at a time. The result is […]

Among the many consequences of the eCommerce explosion of the last year-and-a-half or so has been a tremendous upgrade of consumers' expectations of faster delivery. Two-day shipping – the standard a scant two years ago – has given way to next-day, same-day, same-afternoon and even same-hour offerings as the “bring it to me” economy burgeoned […]

Everyone wants to be healthy and in good shape, but getting motivated to actually achieve and maintain that goal is, of course, much harder. It’s a number told in various grim statistics reflecting our collective health — only about 25 percent of Americans get enough exercise, two-thirds of Americans are overweight, 1 in 10 are […]

Very Good Security (VGS) CEO and Co-Founder Mahmoud Abdelkader told Karen Webster that data aliasing leads to payments optimization — and, eventually, to the connected economy functioning smoothly, with the safe exchange of information across a continuum of services. At a high level, aliasing may be thought of as a super tokenization that enables payments […]

In a world of unforeseen reboots, outages, service disruptions and more, to boost payments acceptance, merchants should consider establishing relationships with a range of acquirers if and when the need arises. According to ACI Worldwide Executive Vice President Debbie Guerra, this so-called multi-acquiring approach is one way that businesses can not only ensure continuity, but can […]

Financial institutions (FIs), FinTechs and merchants alike are all seeking out technologies that could help them engage and retain consumers’ loyalty in a world where seamless and swift digital experiences are expected more often. A rising number of United States consumers are turning online first when interacting with their FIs or favored merchants, with 41 […]

Forty-six percent of small business owners say they had job openings they couldn't fill, a report from NFIB says. That's down two percent from May. But, the report notes, it's still above the 48-year historic average of 22 percent, with small business owners still not doing terribly well finding qualified workers. The report found that […]

Fraud management platform Riskified has filed for an initial public offering (IPO), according to a press release. The company intends to list its shares on the New York Stock Exchange under the symbol “RSKD,” the release stated. Riskified was reported to be considering going public in May. The company has filed as many fraudsters are […]

Amid the busiest week this year to date for U.S. initial public offerings (IPOs), doughnut company Krispy Kreme began trading at $16.30 per share, CNBC reported. Krispy Kreme was trading with the “DNUT” ticker symbol on the Nasdaq. Shares of the firm were changing hands at $21 at the market close Thursday (July 1). The […]

Jumia Technologies in Africa is looking to keep building its eCommerce presence for the long term while adding to the momentum in its payments division, which now accounts for one-third of its overall business, according to a Wednesday (June 30) Bloomberg article. “I don’t think we at Jumia are interested in size. That’s good for […]

The Reserve Bank of India (RBI) has warned against letting big tech companies into financial services in the country, a report from the Economic Times of India says. Doing so could upset stability and governance. The central bank listed some of the difficulties, including antitrust issues, monopoly concerns and cybersecurity risks, along with concerns around […]