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Ant Mulls Rerouting Financial Services To Separate Holding Company

PYMNTS

The key is that consumer lending shouldn’t be over-leveraged,” he said. The previous day, PBOC met with representatives of Ant and regulatory officials from the country's securities, banking and foreign exchange sectors. Wang Zhen, a Shanghai-based analyst with UOB-Kay Hian Holdings Ltd., told Bloomberg on Monday (Dec.

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Travelex Ditches Sale After Banks Reject Offers

PYMNTS

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports. The company said Monday that it has a temporary waiver from around 70 percent of the holders for its senior secured notes.

Sales 52
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Royal Mint Teams Up With Mastercard On 18-Karat Gold Payment Card

PYMNTS

Some of the account benefits include limitless spending, zero foreign exchange or transaction fees, with additional benefits through Mastercard World Elite such as a dedicated concierge service and other travel benefits. We are delighted to enhance our Raris account offering with The Royal Mint’s first precious metal payment card.

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FinTechs Expand Open Banking Opportunity For Banks

PYMNTS

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. Meanwhile, other partnerships between banks and FinTechs embrace data sharing to target friction for joint small business customers.

Banking 95
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SWIFT, Microsoft, BNY Mellon Team For Cloud Payments

PYMNTS

Now, helping make SWIFT Cloud Connect real, we are pleased to collaborate with Microsoft to leverage their cloud expertise and advance the frontiers of financial technology, offering a new level of service for SWIFT participants.”. Using a cloud-based solution will boost transaction speed, consistency and security.

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Driving Cross-Border Payments Into The Future

PYMNTS

What can foreign exchange service providers learn from the Uber model? Increasingly, firms selling abroad are embracing the belief that there is a business advantage to making products available for purchase in foreign customers’ home currencies. That’s where foreign exchange (FX) payment providers step in to help.

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What Investors Need to Know

CFO News Room

The securities/ financial instruments discussed in this material may not be appropriate for all investors. This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security/financial instrument, or to participate in any trading strategy.