Buy-now-pay-later: It’s the global fintech revolution enabling shoppers to pay for everyday products in instalments, and arguably marks the greatest disruption in consumer finance since credit cards. 

Yet whilst the likes of Klarna have taken the world of B2C finance by storm, there has been very little innovation or disruption within the B2B payments world. Three factors have however changed this.

Dwolla, a fintech providing sophisticated account to account payment solutions for innovative businesses, announces the addition of Emily Rollins to the company’s board of directors. Rollins brings more than 30 years of experience from the finance industry to Dwolla’s board, alongside expertise in driving high-level growth and expansion. 

US Q3 GDP Slows to 2.0%; Global Bond Yields Climb

Accompanying the significant growth in ecommerce over the past 12 months, is the need for retailers to manage the impact of a growing array of fraud and abuse challenges. One type of fraud that can easily fly under the radar is the abuse of a merchant’s returns policies.

Sovcombank has reduced its ownership stake in SPB Exchange from 12.9% to 9.99% by selling part of its stockholding. The Bank’s stake was purchased by shareholders, some of the Bank’s key partners, as well as the management company Sovcombank Asset Management. Each buyer purchased an insignificant share.

Sovcombank decided to reduce its equity stake in SPB Exchange in order to bring its share below 10% so as to treat this holding as an immaterial investment.

Sergey Khotimskiy, co-owner and First Deputy Chairman of the Board of Sovcombank, said:

Amaiz, the banking app, has appointed Boura Kym Tomlinson Cann as their first Non-Executive Director.  Boura has spent the last fourteen years as Global Chief Compliance and Legal Officer at Polar Capital and previously spent over seven years at the Financial Conduct Authority (FCA), supervising wholesale and derivatives firms. Most recently she was an enforcement manager bringing disciplinary cases against investment firms. 

IRIS Software Group (IRIS), one of the UK’s leading payroll software providers, has teamed up with Payments-as-a-Service platform Modulr to help solve SMEs’ cash flow problems by embedding fast, automatic and secure payments directly into its payroll solutions.

ACY Securities, the Australian firm making it on the global stage.

CBA Joins ACY Forecast:

RBA to Raise Rates in 2022.

Good afternoon,

For the past two weeks, I have been pointing out the extreme damage being done to the long-term outlook for the Australian economy by a falling further behind the rest of the world Reserve Bank of Australia.

That the OECD has taken the extraordinary step of urging a major review of the RBA board and charter says it all.

Euro Dips, Dovish ECB Expected, US Bond Yield Spread Narrows