Month: January 2021

Silicon Valley start-up Plaid plans European hiring spree despite Visa deal falling apart

LONDON — Financial technology start-up Plaid plans to more than double its European workforce this year, even after scrapping a deal to be acquired by Visa amid U.S. antitrust concerns. The company looks to be taking news of the $5.3 billion merger agreement falling apart in its stride, hoping to capitalize on a shift toward online banking services in the wake …

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EXCLUSIVE-Goldman eyes deals to boost Marcus-sources

Goldman management has put an “extremely high” bar for any deal to be large and transformational, the sources cautioned. One of the sources said the bank had M&A bankers crunching numbers on “different ideas.” Digital banking is one area of interest. The pandemic has strengthened management’s belief that online activity will be central to future …

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Swedish banks formalise AML information sharing pact with police

Sweden’s five largest banks have formalised an information sharing pact with the country’s police force aimed at cracking down on money laundering.Danske Bank, Handelsbanken, Nordea, SEB and Swedbank last June commenced a pilot project of the Swedish Anti Money Laundering Initiative (Samlit), collectively sharing information on methods, suspicious transaction patterns and new types of crime …

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Ant sets up working group to overcome Chinese regulatory requirements

Ant Group has set up a working group to overcome last minute regulatory requirements which ceased the launch of its would-be record-setting initial public offering (IPO). That’s according to Chen Yulu, a deputy governor of the People’s Bank of China (PBOC), who confirmed Ant’s expedited activity to rectify business practices. Companies like Ant have until …

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EC and ECB join forces to investigate digital euro

The European Commission and European Central Bank are working together to investigate the policy, legal and technical questions emerging from a possible introduction of a digital euro.Having just closed a public consultation on the subject, the ECB says it will now consider whether to start a digital euro project towards the middle of the year …

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