HNA Group has a diverse portfolio of investments in a wide range of industries spanning from hotels to electronics and airlines; the Chinese-based company has now reported significant investment in the financial services industry with recent deals focused on the SkyBridge hedge fund platform, New Zealand lender UDC Finance and a 3% stake in Deutsche Bank; the investments from HNA follow encouragement by Beijing in global investments; they also reflect China's growing middle class and the expected demand for broadened investment options among Chinese consumers. Source
Retailers using Stripe can now activate Klarna as the preferred payment method in their checkout within minutes, providing a superior shopping experience to consumers.
Delivery Hero will continue to exercise a disciplined capital allocation, and focus on investments that are in line with the Group’s strategic vision.
Rapyd, an international Fintech-as-a-service platform, announced the launch of Virtual Accounts, a vital product "empowering businesses.
Citigroup has shrunk its retail banking business over the years, but is now looking to become a national player; they plan to do this by expanding mobile app features to serve new customers wherever they live; the app will include banking, credit card, lending, investment tools and account aggregation; Citigroup has invested three years into their digital plans and also has plans for a roboadvisor within the app Source
Christine Farnish, the chair of the P2PFA for the past five years, is stepping down and is being replace by Paul Smee. Source
The listed alternative SME lender ended 2021 in the black, despite loan originations falling.
The UK’s Financial Conduct Authority released a report on algorithmic trading to help set boundaries around the market; the report lays out best practices and presents guidance on how firms can implement AI in trading; the FCA does voice concerns at too much automation and talks about human intervention to avoid big issues occurring; the report was written to help trading firms comply with the Second Markets in Financial Instruments Directive (MiFID II). Source.
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