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China Appoints Reformer To Tackle Financial System

PYMNTS

The NYT noted his appointment is a signal that the country, which has the second largest economy in the world, is serious about overhauling the financial system. The NYT said the appointment of Gou sends a strong message, but other appointments last week were more status quo.

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PayPal Invests In Emerging Markets Lending App Company Tala

PYMNTS

22) a strategic investment from PayPal. In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. Tala, the consumer lending app in emerging markets, announced Monday (Oct.

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Coinbase Valued At $8B With Potential Tiger Global Investment

PYMNTS

The report, citing people familiar with the matter, reported that Coinbase is in discussions with Tiger Global and existing shareholders for an investment as high as $500 million. Some of the investment will be used to buy out some of its existing shareholders. The interest was so high that the company told dealmakers to back off.

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Plaid Gets Strategic Investment From Visa And Mastercard

PYMNTS

16) that it has received strategic investments from Mastercard and Visa. The investments were part of a previously disclosed $250 million Series C funding round that took place last year. We are excited to be working with these two foundational networks to push a digitized financial system forward.”.

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Ep 32: Operating IN and ON the Business

CFO Thought Leader

This involved going back to the basics and understanding the core financial inflows and outflows. Poor Financial Visibility: She faced a situation of poor visibility into the company’s finances and cash flow, necessitating a ground-up rebuild of financial understanding and management.

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Emergent Technology Invests In Trust Stamp To Verify Identities

PYMNTS

25) that it has made a strategic investment in T Stamp Inc. “Across our business, we strive to facilitate greater financial inclusion in emerging markets, and identity is a central component,” said EmTech’s Chief Commercial Officer Mitch Davis. “Over one billion people worldwide cannot officially prove their identity.

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Socure Secures Santander Investment

PYMNTS

Santander InnoVentures , a FinTech venture capital fund, announced on Wednesday (June 22) that it is making a strategic investment in identity verification platform Socure. But it can also be utilized in applications across fraud prevention and compliance to help businesses adhere to anti-money laundering (AML) regulations.