Commonwealth Bank of Australia has become the first of Australia's Big Four banks to let customers see balances from other banks within its banking app under the country's new Open Banking rules.
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Banks go to war against fintechs - CapGemini World Fintech report 2 hours ago
Source: CapGemini FinTechs are approaching their next maturity milestone – profitability – as they demonstrated resilience during the COVID-19 pandemic with verticals recording double-digit growth despite sector-wide operational and financial challenges. In response to FinTechs’ growing popularity among consumers and close proximity to profits, traditional banks are creating digital-only entities to appeal to specific customer segments, according to the World FinTech Report 2021 from Capgemini and Efma.
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Colombian BNPL player Addi lands $65M in funding and a strategic relationship with Banco Santander 2 hours ago
1 Bogota-based buy now, pay later platform Addi has secured $65 million in debt and equity funding and formed a strategic relationship with Banco Santander. The new $35mm Series B equity investment round was led by Union Square Ventures, with participation from 8VC, Monashees’s Opportunity Fund, Citius Capital, Endeavor Catalyst, the Marathon Fund, GGV partner Hans Tung, and former Affirm COO Huey Lin. Addi also picked up $30mm in fresh debt funding from Architect Capital.
NEW DELHI: The government on Thursday announced a year’s extension for Intelligence Bureau director Arvinda Kumar and RAW chief Samant Kumar Goel, making way for continuity at the helm of its intelligence apparatus. The two-year fixed term of both the officers was due to end on June 30, 2021, but now stands extended to June 30, 2022.
In another important move, the government replaced Jammu & Kashmir chief secretary B V R Subrahmanyam with Arun Kumar Mehta, currently finance commissioner in the J&K department of finance. Subrahmanyam, the Chhattisgarh-cadre IAS officer believed to have been handpicked by the prime minister three years ago to head the bureaucracy in J&K, had seen the erstwhile state through crucial phases such as President’s rule, abrogation of Article 370 and its reorganization into Union territory. He was on Thursday appointed as OSD in the department of commerce here and will take over as commerce secretary upon the superannuation of incumbent Anup Wadhawan on