Grab Nabs Strategic Investment from Hyundai 

Grab Nabs Strategic Investment from Hyundai

Hyundai has made a strategic investment in the Singapore-based ride hailing company, Grab. With Hyundai, some of the other noteworthy investors who participated in this Series G funding round were Didi Chuxing, SoftBank, and Toyota Tsusho. Grab did not disclose the value of Hyundai’s investment. The strategic partnership is supposed to

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How Information Technology Impacts Financial Reporting

Impact of Information Technology on Financial Reporting

Information technology has greatly impacted the financial services industry, especially with financial reporting. The increasingly growing innovations surrounding information technology has enhanced the quality of financial reports and encouraged more financial reports to be produced in a more efficient and readable manner. Information technology is a key player in making financial reporting processes more time efficient, removing place limitations,

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Benefits of e-Invoicing for Your Business

Benefits of e-Invoicing for Your Business

The first step to almost any financial transaction in a business to business environment is to create an invoice. Invoices are generated each time goods and services are bought and sold. In today’s digital economy, it is strange to find that paper invoicing and manual bookkeeping is still very much

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GoPro Considering Putting Itself Up for Sale

GoPro Considering Putting Itself Up for Sale

GoPro employed J.P. Morgan Chase a few months back ago to look for the possibility of a potential sale, as indicated by individuals acquainted with the issue. J.P. Morgan underwrote GoPro's first IPO in 2014. No deal is guaranteed, said the sources, who requested not to be named in light

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Petal Raises $13 Million to Design a Credit Card for People Without Credit Scores

Petal Raises 13 Million to Design a Credit Card for People Without Credit Scores

Fintech startup, Petal, has raised $13 million in a new series A round of funding led by Peter Thiel’s Valar Ventures. Other participating investors include Third Prime Capital, RiverPark Ventures, The Social Entrepreneurs’ Fund, Brooklyn Bridge Ventures, Afore Capital, Rosecliff Ventures, Great Oaks Venture Capital, New Ground Ventures, Abstract Ventures,

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Canva Now Worth $1 Billion

Canva Now Worth 1 Billion

The year started out well for the tech community in Australia, as they have their first ‘Unicorn’ in Canva, a design app for inexperienced users. At least, that is what the company is claiming after securing a new round of funds from Sequoia Capital, and existing investors such as Blackbird

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Investors Urge Apple to Fight iPhone Addiction Among Kids

Investors Urge Apple to Fight iPhone Addiction Among Kids

Two of Apple’s investors – Jana Partners and the California State Teachers’ Retirement System (CALSTRTS) – have written letters to the company expressing concern about kids and their iPhone addiction. Together, the investors own a stake of around $2 billion in Apple shares. “It would defy common sense to argue that

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Which AI Technologies Are Used in Banking?

Which AI Technologies Are Used in Banking

AI algorithms and robotics are quietly disrupting online banking and investments right under our noses. When it comes to data-driven investments and customer service, banks are increasingly turning to artificial intelligence to disrupt and innovate their logistics and business model. Bankers and financiers are consistently looking for and finding innovative ways to

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Founder of Alibaba will Consider Hong Kong Listing

Founder of Alibaba will consider Hong Kong Listing

The founder of Alibaba, Jack Ma, has stated that his company, Alibaba Group Holding Ltd, will “seriously consider” becoming listed in Hong Kong. This will provide a great thrust to the financial hub which is already making preparations to allow dual-class share listings. Speaking at a city event, Hong Kong Chief

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