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Scotiabank Pullback Signals Global Banking Shift Away From Latin America

Global Finance

It continued its push into the region in 2016, purchasing Citibanks retail operations in Costa Rica and Panama for $360 million. For global banks pinning their hopes on technology as the solution to operational cost and regulatory issues, blockchain and fintech still face the same issues as traditional banks.

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Uzbekistan Minister Laziz Kudratov On Country’s Sweeping Economic Makeover

Global Finance

Laziz Kudratov : The changes that started in 2016 continue. The agricultural sector has been transformed, with several programs implemented to boost trade and provide farmers with access to essential technology, supplies and funding. We have seen GDP rise by 6% in 2023 and 6.4% in the first half of 2024.

Start-ups 116
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Forecasting Future Fraud: Q&A With Joanne Horton Of Warwick Business School

Global Finance

So, they ended up, in 2015 and 2016, creating fictitious revenues, valuing the inventory upward, channel stuffing, and many other things. GF: Will there be some technology available using your model? But in the end, they couldnt maintain that. The SEC announced in 2020 that HP had committed fraud. So I think short sellers.

Start-ups 112
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Kenya: Capital Requirement Rule to Trigger Bank Mergers

Global Finance

“Fintechs will drive innovation in the sector, prompting traditional banks to adopt new technologies to stay competitive,” says Anne Kibisu, a banking analyst at Deloitte Kenya. New and existing banks will face new capital requirements enacted in December 2024 under the Business Laws (Amendment) Act 2024. .

Banking 52
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CFO Corner With Thryv Holdings’ Paul Rouse

Global Finance

Technology quickly took off. Thryv was formed in a 2017 merger between Dex Media, a Yellow Pages publisher that restructured its debt in 2016, and YP Holdings, another Yellow Pages publisher. You really have to be flexible and adapt because things move much faster than they used to. Ledgers and calculators.

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FRP Corporate Finance secures Tradeteq sale

Accountancy Today

FRP Corporate Finance has helped support technology firm, Tradeteq, on its sale to working capital structuring and advisory firm, Silver Birch Finance. Since its launch in 2016, the business has attracted significant backing, allowing it to invest more than $40m (29.5m) in building its technology platform.

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As Dominican Republic’s Fintech Sector Booms, Financial Inclusion Is Big Goal

Global Finance

Improved regulatory guidance from the Central Bank of the Dominican Republic and the Superintendencia of Banks, including the Innovation Law of 2016 and a focus on financial inclusion, has invigorated the fintech sector, says José Alberto Adam Adam, country manager with Equifax Dominican Republic.

Banking 52