IMA | Institute of Management Accountants

iwoca | June 08, 2020

iwoca has launched its new iwocaPay service intended to alleviate the woes of unpaid invoices by paying suppliers instantly while allowing businesses to pay on their own time. Research by iwoca, seeks to set up a number of new ways for businesses to help st...

Finextra | March 05, 2020

The US dollar's position as the unrivalled global currency means it has the most at stake should central banks begin to issue their own digital currencies, according to ING economist Carlos Cocuzzo. "If there's anybody that stands to lose in this game, it's really the US," Cocuzzo has said at Blockchain Week 2020 in London. 90% of the world's foreign exchange turnover runs on dollars, meaning it pervades into the economies of almost every country. This is in light of Fe...

FUNDING

Mastercard | December 23, 2021

Mastercard and McDonald’s today announced an agreement for Mastercard to acquire McDonald’s state-of-the-art personalization platform and decision engine company, Dynamic Yield. Dynamic Yield’s technology is a natural addition to Mastercard’s existing suite of services that help brands deliver more effective and trusted customer experiences across channels. Sitting across online and offline channels to personalize a consumer’s experience with a brand,...

Wells Fargo | February 28, 2020

Wells Fargo agreed to pay $35m to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients. The Securities and Exchange Commission’s investigation targeted Wells Fargo’s sale of inverse ETFs, a type of fund that moves in the opposite direction of an index it tracks. Inverse ETFs can be used to hedge other positions or bet on a falling market, but the products are complex enough that regulators have warned for years th...