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Startup lessons in the failure of Bench Accounting

CFO Share

Despite securing over $100 million in venture capital and employing over 600 individuals, Bench abruptly and inexplicably ceased operations on December 27, 2024, leaving thousands of small business clients scrambling for alternatives. It’s as though Walmart went out of business, and I’m a small-town retailer.

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The Innovators 2025: Central and Eastern Europe

Global Finance

The new system applies 54 distinct prevention controls aligned with global standards for information security management systems. Retail bank customers can now purchase credit protection insurance to cover loan installment payments in case of illness or job loss. Tatra banka’s aim was to extract information, dates, and account amounts.

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The Innovators 2025: Asia-Pacific

Global Finance

It has improved the retail-user experience at the bank by reducing previously long wait times for account information. Meanwhile, the bank introduced a new version of its mobile banking app that integrates banking, securities, property insurance, and life insurance services.

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The Innovators 2025: Africa

Global Finance

Customers can use various functions across digital channels to easily transfer funds to mobile wallets or cash from prepaid cards to Nedbank accounts. To strengthen the bank’s cybersecurity, it implemented a mechanism that binds each of a customer’s accounts to a specific device through a unique identifier.

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Scotiabank Pullback Signals Global Banking Shift Away From Latin America

Global Finance

Scotiabank has officially exited retail banking in Panama, Costa Rica, and Colombia, marking the latest move by a major international lender to scale back in the region. It continued its push into the region in 2016, purchasing Citibanks retail operations in Costa Rica and Panama for $360 million. In 2022, tourism provided 1.8

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At the Money: Meb Faber on Tax Aware ETFs

Barry Ritholtz

First one maybe about a decade ago, but you’ve really seen it with mutual fund ETF conversions, separate account ETF conversions, and what we’re announcing is an open enrollment. A large cap growth stock like NVIDIA or a small cap biotech or a mid-cap retailer. Most of it just assumes you’re in a separate account.

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Remodeling Finance Function: CFO Corner With QIA’s Niall Byrne

Global Finance

QIA, established in 2005 with the target to create long-term value, invests across nine sectors: retail and consumer; technology, media and telecoms (TMT); liquid securities; infrastructure; financials; funds; healthcare; industrials; and real estate. As we roll into 2025, we’ll have the core accounting platform in place.

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