article thumbnail

Ant Mulls Rerouting Financial Services To Separate Holding Company

PYMNTS

If it is approved, the company’s estimated valuation of $315 billion would likely be slashed. 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.

article thumbnail

Sizzle Fizzle: Amazon And Western Union Sizzle, Phone Upgrades Fizzle

PYMNTS

Ersek explained that Western Union is leveraging its money movement platform to handle the complex foreign exchange and settlement process that gives Amazon the ability to tap into consumer markets in the 200 countries that Western Union serves.

B2B 49
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

MoneyGram CEO Plans Waves With Ripple  

PYMNTS

MoneyGram , the money remittance giant, has its sights set on a new strategic front that looks to leverage bits and bytes beyond the hype that clouds cryptocurrencies and the rails over which they travel. Ripple’s xRapid is a foreign exchange investment vehicle that allows companies to take their U.S.

article thumbnail

All The World’s A Stage For (Prudent) FX Risk Management

PYMNTS

However, managing foreign exchange (FX) risk is part of the territory — and, as he told PYMNTS, a calculated approach to currency exposure is key. Businesses that set up operations, raise debt or make investments in other jurisdictions can experience devastating valuation shocks as exchange rates change.

article thumbnail

Transcript: Kenneth Tropin

Barry Ritholtz

That’s the foreign exchange markets, and to some extent, commodities. And I think that’s reflective of employee having a lot of leverage over employers. And last market question, so we’ve seen equity valuations come down. TROPIN: Well, I wouldn’t go so far as to say much cheaper valuation.