News - Page 6

TLDR: Richard Galanti, the long-time finance boss of Costco, is stepping down after serving in the role for 40 years. Galanti is known for his dedication to keeping membership fees low and

TLDR: Plug and Play, a global innovation platform, has launched a fintech startup accelerator program in Frisco and McKinney, Texas. The program is a partnership with the Frisco Economic Development Corporation and

The top five banks and thrifts in the ranking have a combined commercial and industrial loan portfolio of over $1 trillion as of September 30, 2023. One of the banks in the

TLDR: – UK fintech Atlantic Money plans to expand its fixed-fee money transfer services to major markets including the United States, Canada, and Australia. – The demand for a fixed fee transfer

Duco, a data automation firm, has acquired intelligent document processing start-up Metamaze. Metamaze is a Belgium-based company that operates an AI-powered no-code Software-as-a-Service (SaaS) platform, which automates the extraction of information and

TLDR: Fintech Lesaka Technologies has acquired Touchsides, a data analytics and merchant services company, from Heineken. The acquisition is expected to expand Kazang’s presence in South Africa’s informal tavern market. South African

TLDR: – Liu Yiting, known as the “Harvard girl” in China, has sparked a debate about the definition of success after new details about her affluent lifestyle in the US emerged. –

TLDR: Mastercard has invested $200 million in MTN Group Fintech, a subsidiary of South African telecoms operator MTN Group. The investment will support the development and growth of technology and infrastructure to

The Federal Reserve Bank of New York has released its quarterly report on household debt and credit, which reveals that credit card balances have increased by $50 billion to $1.13 trillion, and

New York Community Bancorp’s stock has dropped to its lowest level in 24 years after news broke that its chief risk officer has left the company. The news was accompanied by comments from