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Reuters | March 06, 2020

The head of the U.S. Consumer Financial Protection Bureau (CFPB) said on Friday that she is asking Congress to give the regulator power to pay whistleblowers for tips that help them track down wrongdoers. The authority, which would require legislation, would help the CFPB spot abuses, particularly in the area of fair lending, CFPB Director Kathy Kraninger told reporters. The proposal would offer whistleblowers a bounty in exchange for their tip, but only if the information leads to penalties aga...

Facebook, Reliance | April 23, 2020

Facebook (FB.O) is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries’ (RELI.NS) digital arm, as it looks to roll out services for India’s grocers and small businesses by capitalizing on WhatsApp’s extensive reach in the country. The deal announced on Wednesday is Facebook’s biggest since its $22 billion buyout of WhatsApp in 2014 and will give the Menlo Park, California-based firm a stake in Jio Platforms - the digital services entity that house...

CORE BANKING

TransferGo, Thought Machine | February 12, 2021

TransferGo, a money transfer company, announced a partnership with a cloud-native core banking technology company, Thought Machine. The partnership aims to propel its drive global expansion into markets and continuous product innovation. By taking benefit of Thought Machine's next group cloud-native core banking platform Vault, TransferGo will emphasize empowering its client experience through more and better progressive platform competencies. Structuring on a fruitful 2020, t...

PAYMENTS

Adyen, Flywire | December 15, 2020

Adyen, the worldwide payments platform of decision for huge numbers of the world's driving organizations, and Flywire, a high-development vertical payments company, today reported a partnership which coordinates Adyen into Flywire's worldwide organization of payment partners. Through the coordinated effort with Adyen, Flywire's clients – dominatingly, associations in the instruction, medical services, and travel enterprises – will profit by: <...