Bench, the accounting startup founded in 2012, which had managed to secure a remarkable $113 million in investments from prominent backers such as Shopify and Bain Capital Ventures, surprisingly declared bankruptcy despite holding $2.8 million in cash. The apparent inability to manage their
January 17, 2025Thailand is on the brink of a significant policy shift with the potential legalization of online gambling. This move, driven by economic incentives, aims to regulate and tax an already thriving underground industry. However, the prospect of legalizing online gambling brings with it substantial
January 17, 2025Quantum computing is on the brink of revolutionizing various sectors, with financial technology (fintech) being one of the most promising areas of impact. This emerging technology leverages principles from quantum mechanics to solve complex problems and process massive amounts of data more
January 17, 2025The recent $70-million CAD Series B funding round secured by the Toronto-based startup Float marks a significant milestone in its ambitious growth and innovation strategy. Led by Goldman Sachs Growth Equity, with crucial contributions from OMERS Ventures, FJ Labs, Teralys, and Garage Capital, the
January 16, 2025Wells Fargo's fourth-quarter profit smashed Wall Street expectations, primarily fueled by a resurgence in dealmaking activities that significantly boosted its investment banking segment. This impressive performance saw the bank's shares rise by 3.1% to $73.40 in premarket trading.
January 15, 2025The financial technology (fintech) sector is on the brink of significant advancements and transformations. By 2025, fintech innovations are expected to reshape the landscape of financial services, driven by rapid technological evolution and substantial investments. This article explores the key
January 15, 2025In pursuit of enhancing its capabilities in intergenerational wealth transfer and estate planning services, Perth-based financial advice firm Integro Private Wealth has recently made strategic appointments. This critical move is part of a larger initiative aimed at helping families navigate wealth
January 15, 2025Klarna, a Swedish fintech company founded in 2005, has become a leading force in the buy now, pay later (BNPL) market. As the company gears up for a potentially significant initial public offering (IPO) in 2025, it has strategically integrated artificial intelligence (AI) to enhance its operations
January 14, 2025Beau Cummins' sudden resignation from his role as Truist’s Vice Chair and Chief Operating Officer has captured significant attention, raising questions about the factors that led to his immediate departure. His resignation comes amidst a broader restructuring at Truist Financial Corporation, r
January 14, 2025The payments industry is on the brink of a significant transformation as it approaches 2025. Driven by technological advancements, evolving customer expectations, and new regulatory frameworks, the landscape is set to change dramatically. This article explores the key trends that will shape the
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