Grab-Singtel Ramps Up Hiring For Singapore Bank; Plans 2022 Launch
Grab-Singtel Ramps Up Hiring For Singapore Bank; Plans 2022 Launch
December 07, 2020  |  Digital-First Banking

A new Singaporean digital bank formed in a joint venture between Grab Holdings Inc. and Singapore Telecommunications Ltd. will hire 200 people before launching publicly...

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Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal
Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal
December 06, 2020  |  B2B Payments

Pioneer Bank has joined the number of firms filing lawsuits over the continuing and complex MyPayrollHR/ValueWise scandal, which a report from the Daily Gazette calls...

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Citigroup Chief: CBDCs Are ‘Inevitable’ In The Future Of Currency
Citigroup Chief: CBDCs Are ‘Inevitable’ In The Future Of Currency
December 06, 2020  |  Digital Payments

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a...

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EU Eyes Stronger Rules For Big Tech Than Smaller Firms
EU Eyes Stronger Rules For Big Tech Than Smaller Firms
December 06, 2020  |  ANTITRUST

The European Union (EU) is looking to implement two-tier legislation in its new Digital Services Act to put greater responsibility on Big Tech’s shoulders to...

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Airbnb’s New IPO Pricing Could Boost Market Cap To $42 Billion
Airbnb’s New IPO Pricing Could Boost Market Cap To $42 Billion
December 06, 2020  |  IPO

Airbnb, which plans to hold its initial public offering (IPO) Thursday (Dec. 10) — just a day after DoorDash does the same — will increase...

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New US Stimulus Proposal May Include $288 Billion In Small Business Aid
New US Stimulus Proposal May Include $288 Billion In Small Business Aid
December 06, 2020  |  Economy

The U.S. Senate may as early as Monday take up a new $908 billion stimulus package that includes help for small- to medium-sized businesses (SMBs)...

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Serent Capital Invests In Procurement Partners
Serent Capital Invests In Procurement Partners
December 06, 2020  |  B2B Payments

Procurement Partners, which works on procure-to-pay (P2P) services for healthcare providers, has received an investment from Serent Capital, according to a press release. Serent Capital...

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Paysafe Readies $9 Billion IPO Via SPAC
Paysafe Readies $9 Billion IPO Via SPAC
December 06, 2020  |  IPO

Online payments firm Paysafe is nearing a deal with billionaire Bill Foley for a special purpose acquisition company (SPAC) merger, according to a Bloomberg report,...

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Mastercard Reviews Ties With Pornhub Over Alleged Assault Videos
Mastercard Reviews Ties With Pornhub Over Alleged Assault Videos
December 06, 2020  |  Mastercard

Mastercard is investigating the website Pornhub.com after a withering New York Times column alleged it hosts videos of children and adults being sexually assaulted, Reuters...

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