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Goldman Sachs Group | January 15, 2020

Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected fall in quarterly profit on Wednesday as the Wall Street bank set aside more money to cover legal costs for the 1MDB corruption scandal, overshadowing a rebound in its trading business. The bank set aside $1.09 billion in the fourth quarter ahead of an expected settlement that could touch $2 billion or more. Goldman’s full-year earnings took a hit of $3.16 per share from the provision. The legal woes come at a time when Chief E...

FINTECH

Jeeves | November 29, 2021

Mexico is one of the fastest-growing economies in the world, yet its local businesses still struggle to access credit without exorbitant fees and tedious paperwork. Mastercard, the world's leading payments company, and Jeeves, the preferred financial partner for Mexican businesses, have partnered together to solve this issue by launching the first physical card that allows companies to pay in any local currency from all countries Mastercard currently operates. Th...

FINANCIAL MANAGEMENT

Ncontracts, QuestSoft Corporation | January 07, 2021

Ncontracts, the leading supplier of integrated risk management solutions for the financial services industry, reported that it has gained QuestSoft Corporation, a main supplier of compliance software and services for the mortgage, bank and credit union ventures. Consolidating Ncontracts with QuestSoft will be extraordinary for customers and for the business. The mix makes an incredible end-to-end risk and compliance suite remarkably empowering financial institutions to develop and...

finextra | April 16, 2020

Finance Forward, a fintech accelerator run by Village Capital, MetLife Foundation and PayPal, has extended the deadline for its European programme to accommodate startups working on Covid-19 applications. The focus for the programme - which now closes for applications on 25 April - is on startups that are building tech for the nearly 40 million Europeans locked out of basic financial services, as well as tools for small businesses. Allie Burns, CEO of Village Capital, says: "A...