IDLC Finance Limited

Core Banking

Locality Bank | June 13, 2022

Locality Bank, a digital-first community bank that launched January 12, 2022, has announced it has partnered with Hurdlr, a leading business expense, invoicing and accounting API. The integration on the Bank's mobile application is expected to roll out in 30 to 45 days. Utilizing the Hurdlr API integration with Locality Bank's platform will provide businesses with a way to seamlessly invoice their customers and automatically track expenses, income streams, and tax deductio...

Fintech

Visa, Currencycloud | July 23, 2021

Visa announced today that it has entered into a definitive agreement to purchase Currencycloud, a worldwide platform that enables banks and fintechs to provide innovative foreign currency solutions for cross-border payments. Currencycloud is valued at £700 million, including cash and retention incentives, as part of the acquisition, which builds on the two firms' existing strategic cooperation. The financial consideration will be decreased by Visa's existing ownership of Currencycl...

Apple | January 20, 2020

Everyone knows that the global corporate tax system needs to be overhauled, Apple (AAPL.O) Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration. The growth of internet giants such as Apple has pushed international tax rules to the limit, prompting the Organisation for Economic Cooperation and Development (OECD) to pursue global reforms over where multinational firms should be taxed. The reforms being examined center around the booking of...

Wall Street | March 20, 2020

Wall Street erased early gains to fall 1% on Friday, as the state of New York ordered all non-essential workers to stay home to curtail the spread of the coronavirus pandemic that has fueled the worst monthly rout in U.S. equities in three decades. California had earlier asked 40 million people to stay indoors as the U.S. death toll from the outbreak topped 200 people. New York state also pleaded for more medical personnel and supplies to treat the virus cases that could overwhelm hospitals. The...