Klarna losses quadruple in Australia Klarna's Australian arm racked up losses of $56 million last year, four times bigger than when it launched in the country in 2020, when it reported a $14 million loss. Klarna CEO on Future of Buy Now, Pay Later Klarna CEO Sebastian Siemiatkowski joins Emily Chang to discuss the launch…
SocGen acquires online car buying platform Reezocar
SocGen acquires online car buying platform Reezocar Societe Generale has acquired Reezocar, a French online platform for buying used cars. Financial terms were not disclosed. Оnline car buying sites | how to buy a car | Review buying a car in 2020 online car buying sites, how to buy a new car online, car negotiation…
Two-year old Ramp joins fintech Unicorn club
Two-year old Ramp joins fintech Unicorn club Ramp, a corporate credit card startup founded by the team behind Paribus, a consumer finance firm acquired by Capital One in 2016, has confirmed $115M in new funding from D1 Capital Partners and Stripe, with support from Goldman Sachs, Founders Fund, Coatue Management, Thrive Capital, Redpoint Ventures, Box…
Metaco wins crypto custody gig with SocGen
Metaco wins crypto custody gig with SocGen Fresh from a contract win at Citi, Swiss crypto custody player Metaco has signed its next Tier 1 banking client, Societe Generale. What are stablecoins and which are the most prominent ones? Stablecoins – Episode 1: Seamus Donoghue, METACO Business Development VP, and Kalin Nicolov, SICPA Head of…
Klarna losses quadruple
Klarna losses quadruple Embattled BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 on higher credit defaults, increased employee costs and investment in market expansion. Klarna is the �� (whoops…no brand deal for me!) Klarna is the �� (whoops…no brand deal for me!) All the links you’ll need: https://linktr.ee/EuanCopeland…
SocGen to cut 3700 jobs in merger with Credit du Nord
SocGen to cut 3700 jobs in merger with Credit du Nord Societe Generale is to create a new French retail bank through a merger with its unit Credit du Nord, leading to 3700 job losses between 2023 and 2025. Societe Generale uncovers $7bn fraud – 24 Jan 08 Europe’s stock markets are going through a…
Goldman Sachs to employ several hundred staff at new tech hub in Birmingham
Goldman Sachs to employ several hundred staff at new tech hub in Birmingham At a time when other banks are consolidating their real estate, Goldman Sachs is to expand its footprint in the UK by opening a new office in Brimingham that will house several hundred tech staff. Goldman’s Solomon Says Job Cuts Will Resume…
LuxSE admits security tokens issued by SocGen
LuxSE admits security tokens issued by SocGen The Luxembourg Stock Exchange has listed its first security tokens registered on a public blockchain. How Does Tokenization Work – Introduction to Tokenization Learn more advanced front-end and full-stack development at: https://www.fullstackacademy.com Tokenization allows for data to be stored in a secure location, with several levels of authentication…
French core banking vendor TagPay raises €25 million
French core banking vendor TagPay raises €25 million TagPay, a core banking provider in which Société Générale holds a minority shareholding, has secured an investment of €25 million from Long Arc Capital to strengthen its sales, product and technical teams and to fund growth. Martin Whybrow from IBS Intelligence discusses core banking systems market Watch…
MAS targets cross-border connectivity in wholesale CBDCs
MAS targets cross-border connectivity in wholesale CBDCs The Monetary Authority Of Singapore (MAS) is stepping up its work on cross-border foreign exchange settlement using wholesale central bank digital currency. wCBDC – BIS Successful Major CBDC Cross- Border Payments Test!! The World prepares for a major switch to digitalisation in the financial space. This is a…