Karvy Stock Broking

FINTECH

Mastercard | November 26, 2021

Mastercard (NYSE: MA) today announced it has acquired Arcus FI, an alum of the company’s Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. With offices in New York and Mexico City, Arcus helps to enable bill pay and cash-in, cash-out services for some of the biggest billers, retailers, fintechs and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. I...

CORE BANKING

Metrobank, Backbase | May 10, 2021

Backbase, a supplier of engagement banking technologies, has announced the renewal of its relationship with Metro Bank, a major UK retail and commercial challenger bank. Backbase will provide dedicated digital innovation assistance to Metro Bank's business banking customers as part of the renewed relationship. Metro Bank is able to further improve and customise the experience provided to its business customers by using the new cloud-native iteration of Backbase's software, which provides...

FINANCIAL MANAGEMENT

SellersFunding, Walmart | January 20, 2021

SellersFunding, a worldwide fintech pioneer giving funding solutions to eCommerce businesses, declared the contribution of its full line of financial tools to venders on the Walmart marketplace. Walmart venders would now be able to exploit up to $1 million in working capital, day by day advances to control income and a computerized wallet to smooth out installments to providers around the planet. Walmart has become the second biggest eCommerce marketplace in the US, after Amazon. ...

Wall Street | April 02, 2020

U.S. stock markets opened lower but quickly rebounded on Thursday after another record-breaking rise in initial jobless claims underlined the scale of the damage being wrought on the U.S. economy by the Covid-19 pandemic. Another 6.65 million people filed for unemployment benefits last week, over twice as many as the 3.3 million who claimed a week earlier (the number was revised up by 20,000). In all, 6% of the U.S. workforce have hit the jobless rolls in just two weeks. By 10:05 AM ET (1405 GMT...