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Ant Group Overhauling Operations To Satisfy Chinese Regulators 

PYMNTS

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

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How Clandestina (Literally) Snuck Into The US Market

PYMNTS

And while those numbers aren’t likely to keep Amazon or H&M up at night, for a small Cuban eCommerce startup operating out of nation where internet access is patchy and from which the company can’t ship goods directly to U.S. as relations between the two nations began to improve in 2014. eCommerce operation.

Marketing 198
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German FinTech N26 Eyes IPO With Hiring Of New CFO

PYMNTS

The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Frankfurt stock exchange. In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

Fintech 254
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2016 Innovators to Watch: 1 to 5

Bank Innovation

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

In 2014, then-CFO John Shrewsberry told investors at a conference that the bank was looking to add to its private-label credit card business. We won’t be expanding the size of our balance sheet for any reason, because we’re operating with an asset cap,” Shrewsberry explained to reporters during the earnings call.

Cards 285
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Banking M&A activity remains high with little sign of slowing

Abrigo

In a recent survey conducted in partnership by the Federal Reserve and the Conference of State Bank Supervisors ( CSBS ), over 1,000 community bankers weighed in on a range of hot button issues facing their organizations in 2014. This M&A activity, however, is by no means a recent trend.

Trends 232
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Uber Co-Founder Kalanick Supports Expansion Of 3D-printed Hotel

PYMNTS

An idea hatched at the Burning Man desert arts festival, the experience-focused hospitality group Habitas was founded in 2014 by Oliver Ripley, Kfir Levy and Eduardo Castillo. . The startup raised $20 million to take its “3D-printed hotel” idea to new markets in Asia, the Middle East and Africa.

Community 252