Business
HSBC France to cut 38% of global banking and markets jobs
HSBC France is seeking to cut 255 of 678 jobs in its French global banking and markets unit by end-2021, according to French news daily, Les Echos. HSBC France is seeking to cut 255 of 678 jobs. This measure forms.
Alibaba’s Ant plans Hong Kong IPO
Ant Group, the fintech arm of Chinese ecommerce giant Alibaba, is planning on a Hong Kong float as soon as this year, according to Reuters. Ant is targeting a valuation of more than $200 billion, according to two Reuters sources.
PolicyBazaar’s CEO calls SoftBank-backed expansion a “mistake”
PolicyBazaar’s chief executive officer (CEO), Yashish Dahiya, says that a huge expansion pushed by investors including SoftBank was a “mistake” that led the company to run at a loss. On 7 July, SoftBank’s Vision Fund reportedly bought an additional stake.
How financial institutions can capitalise on open banking benefits
With a world that is becoming increasingly complex, both consumers and businesses are actively seeking out financial service providers that can achieve their financial goals in a manner that’s relevant and seamless. The fewer steps it takes to achieve any.
Report: A new decade of core banking transformation
In a world where headlines can be dominated by new technology like artificial intelligence, quantum computing, application programming interfaces (APIs) and more, it can be easy to overlook the long-time workhorse of the financial services sector. In a digitising world.
AmEx, Visa, Mastercard and Discover to launch Click to Pay globally
A collection of major card issuers are rolling out the new Click to Pay e-commerce standard across the globe. Click to Pay claims 10,000 firms on board in the US American Express, Visa, Mastercard and Discover claim to have signed.
Deutsche Bank faces $150m fine for Jeffrey Epstein ties
Deutsche Bank has been hit with a $150 million fine for failing to properly monitor its relationship with convicted sex offender Jeffrey Epstein, as reported on the BBC. New York state regulators says the bank had suffered “significant compliance failures”,.
Barclaycard and SAP extend partnership to combine Commerce Cloud and Smartpay
Barclaycard Payments has extended its contract with SAP to enable the latter’s clients to use its payments gateway product, Smartpay. SAP and Barclaycard team up once again Any business signed up to SAP’s software-as-a-service (SaaS) offering, Commerce Cloud, can access.
JP Morgan drops “master” and “slave” from internal tech code and materials
JP Morgan Chase & Co is eliminating terms like “blacklist,” “master” and “slave” from its internal technology materials and code as it seeks to address racism within the company, according to Reuters sources with knowledge of the move. The terms.
The pretence of invincibility
Everything we do in business is in pursuit of relevance “Life is lumpy.” Robert Fulgrum’s words, not mine. But truer words have not been spoken. Acknowledging the lumpiness and unpredictability of life is not about imparting wisdom by the way. Far.