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DBS Banking Masterstroke Coming to an End Under Piyush Gupta

Fintech News

A pivotal moment came in 2014, he told the Financial Times, when he met Alibaba founder Jack Ma , who shared his vision for Alipay. Under his leadership, DBS has been integrating AI into its operations since 2014. Shareholders enjoyed staggering returns, as dividends doubled and the bank committed to a massive stock buyback initiative.

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French Court Says Bitcoin Is Money

PYMNTS

After Paymium loaned BitSpread 1,000 Bitcoin in 2014, a dispute erupted sometime before 2018. During 2014-18, BitSpread opened an account on Paymium. If the courts decide Bitcoin is property, then law enforcement could track down thieves and return the stolen goods to their rightful owners.

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Prosper Fined $3M By SEC For Overstating Returns

PYMNTS

In a press release the SEC said it charged Prosper with “miscalculating and materially overstating annualized net returns to retail and other investors.” The SEC contends that from July of 2015 until May of 2017 it excluded some non-performing charged-off loans from the calculation of its annualized net returns reported to investors.

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FTC To Return Close To $20 Million To Scam Victims

PYMNTS

27) it will return close to $20 million to more than 145,000 consumers around the country who were victimized by One Technologies and its two partner companies in an online scheme that lured consumers with “free” access to their credit scores and then billed them a recurring $29.95 The Federal Trade Commission announced on Tuesday (Sept.

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Apple Aims At Debuting Car In 2024

PYMNTS

Project Titan, the Apple automotive effort, has been working on a self-driving vehicle sporadically since 2014, working from scratch. In 2018, Apple veteran Doug Field , who had worked at Tesla , returned to the project and laid off 190 people from the team the next year, Reuters reported.

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Richard Maloney to Lead UOB Thailand as CEO Starting July 2024

Fintech News

Since joining UOB in 2014 as Chief Operating Officer for Group Wholesale Banking, he has driven business growth through strategic development and execution. UOB Thailand has announced Richard Maloney as its new Chief Executive Officer (CEO), effective 1 July 2024.

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NayaOne, NF Innova, and Realmonitor Return to the Stage for FinovateEurope 2024

Finovate

With more names on the way, we wanted to take a moment to highlight the return of three alums who will be demoing their latest fintech innovation live on stage in London next month, February 27 through 28. NF Innova: Turning traditional banks into digital leaders NF Innova will return to the Finovate stage next month at FinovateEurope.

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