French fintech iBanFirst launches an international payment monitoring tool

French fintech iBanFirst launches an international payment monitoring tool

The tool should allow companies to follow transactions as “we follow the delivery of a package,” says the start-up. A transparency to which banks still balk. « Your international payment is parked in bank X. This is the kind of information that clients of French fintech iBanFirst doing international transactions will soon be able to obtain. The young growth has indeed launched this Thursday a “tracker” which should make it possible to follow its payments…

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Tech giants may soon be under scrutiny by financial authorities

Tech giants may soon be under scrutiny by financial authorities

Having become essential for the banking or insurance sectors, cloud providers could in the future be directly supervised by European financial regulators. The European Commission presented a proposal in this direction last year. What if, tomorrow, the European financial policemen no longer supervised only the banks or the insurance companies, but also… the GAFA? This is still only a scenario, but the authorities are multiplying the messages in this direction. « It is up to…

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Participatory loans: Bpifrance completes its arsenal of aid for tourism

Participatory loans: Bpifrance completes its arsenal of aid for tourism

The public bank is launching a fund of 80 million euros which aims to strengthen the balance sheets of around 300 companies in the tourism sector, via convertible bonds. The device resembles, on a smaller scale, that of participatory loans still in preparation at the state level. While the participatory loan system imagined by the State as part of the recovery plan is struggling to see the light of day, Bpifrance has decided to come…

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Participatory loans: SMEs offer to pay more to convince investors

Participatory loans: SMEs offer to pay more to convince investors

Faced with investors’ lack of appetite, CPME is proposing to increase the yield on these equity-like loans from 1.5% to 2%, currently under discussion at Bercy. She thus hopes to unblock discussions that are progressing little. Faced with investors’ lack of appetite for equity loans, these instruments supposed to strengthen the balance sheets of SMEs and allow them to rebound at the end of the pandemic, small businesses are offering to pay more for them….

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British banks able to absorb the double shock of Brexit and covid, according to regulator

British banks able to absorb the double shock of Brexit and covid, according to regulator

The Bank of England assured this Friday that British financial institutions had the capacity to withstand both the economic crisis, particularly violent across the Channel with the coronavirus, and the possibility of a “no deal” after Brexit. It also authorized the recovery of dividends for listed banking groups. The health report is favorable. The Bank of England (BoE) said on Friday that major UK banks are strong enough to endure both the coronavirus crisis and…

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Insurance: the world of brokerage in turmoil

Insurance: the world of brokerage in turmoil

The sector is the scene of numerous transactions, with mergers, changes of hands or international developments. It arouses the appetite for funds, as the acquisition of Santiane by Latour Capital in health insurance has just shown. The teeming world of insurance brokerage continues to evolve. At a time when the consolidation of the major corporate insurance brokers is accelerating on the French market, with the discussions underway between Siaci Saint Honoré and his rival Diot,…

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Dividends: banks suspended by decision of the European Central Bank

Dividends: banks suspended by decision of the European Central Bank

The recommendation to banks not to pay dividends to their shareholders could be lifted by the ECB this week, as London decided on Thursday. However, this authorization could be subject to important conditions, such as that of increasing provisions in the face of the risk of non-payment. It is a beacon of hope for investors and managers of listed banks. And she comes directly from London. On Thursday evening, the Bank of England (BoE) announced…

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MasterCard and Visa cut ties with Pornhub

MasterCard and Visa cut ties with Pornhub

The two payment companies have ended their collaboration with the pornographic platform, accused by an article of harboring pedophile and violent content. The future of this porn juggernaut is up in the air. One of the most visited websites in the world finds itself in a difficult situation, deprived of the most used payment methods in the United States and around the world. After PayPal, Mastercard and Visa announced Thursday that they were cutting their…

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Skyrock radio launches into payment

Skyrock radio launches into payment

The radio has developed with the French fintech Lyf Pay a payment solution, called Yax. Its users will be able to exchange money, open jackpots, but also benefit from promotions during group purchasing campaigns. The two companies are targeting a business volume of 50 million euros in 2024. Would the payment also be the El Dorado of the radios? In any case, this is what Skyrock, the favorite station for young people, seems to believe,…

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Credit insurance: Bercy renews its safety net against bad debts

Credit insurance: Bercy renews its safety net against bad debts

Anxious to bring security to companies, the executive decided to extend for six months, until the summer of 2021, an agreement with credit insurers. In exchange for public reinsurance, these players undertake to continue to cover companies against the failures of their customers. The executive had only a few days to decide. Bercy has finally decided to modify and extend by six months the device for protecting companies against unpaid debts deployed in response to…

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