The Capital International Group

Fintech

ForwardAI | April 23, 2021

The lending procedures that financial institutions use to qualify SMB borrowers are way out of date while rising fraud cases and costs disproportionately impact smaller banks, credit unions, and digital lenders. ForwardAI, a lender-first fintech platform, launched ForwardAI Precise today, an API that provides the most comprehensive suite of cash flow, accounting, and financial data for small business loans available today. ForwardAI Precise gives lenders real-time access to more than 160 points ...

Wall Street | February 26, 2020

U.S. stocks attempted a recovery on Wednesday after a rocky start to the week that shaved off more than 6% from the main indexes on growth concerns stemming from a global spread of the coronavirus. Marquee companies including Apple Inc, Microsoft Corp and Amazon.com were some of the biggest boosts to the S&P 500, rising between 1.6% and 3%. Ten of the 11 major S&P sectors were in the black, with technology leading the charge with a 2.4% gain. The energy sector dipped 0.2%. “There h...

Tax Planning

J.P. Morgan, 55ip | December 04, 2020

J.P. Morgan Asset Management today reported that it has gone into a complete consent to procure 55ip, a financial technology company with proprietary capabilities empowering financial advisors to convey tax-smart investment strategies at scale. The company will keep on operating as a separate element, under its own image, with the full support of J.P. Morgan and stays focused on serving its current customers and enterprise partners. The details of the arrangement were not revealed. ...

Business Wire | October 13, 2020

Spendesk, the leading spend management platform for SMBs, today announced it has raised $18 million in addition to its Series B round last year ($38 million). The new investment comes from global VC fund Eight Roads Ventures and brings the total raised to $68.5 million. This funding will support the strong growth Spendesk has realised despite the current pandemic, which has accelerated digitisation of finance departments and increased the demand for spend management solutions. The trend towards ...