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California BanCorp Launches Treasury Management Consultancy

PYMNTS

California BanCorp , the holding company for California Bank of Commerce (CBC), has announced the launch of a Treasury Management Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks. “We

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Good Intentions, Perverse Outcomes: The Impact of Impact Investing!

Musings on Markets

I have made no secret of my disdain for ESG, an over-hyped and over-sold acronym , that has been a gravy train for a whole host of players , including fund managers, consultants and academics. It is human nature to want to make the world a better place, but does impact investing have the impact that it aims to create?

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Gojek, Grab Renew Merger Talks With SoftBank’s Support

PYMNTS

Shareholders, including Japan-based SoftBank , which first invested in Grab six years ago and in several later funding rounds, have urged the startups to return to the table, FT reported. At a time when many economies are struggling, a merger will unlikely gain traction with regulators given that jobs will likely be cut,” he told FT.

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Shortage Of CPAs Fuels Push To Ease Licensing

Global Finance

Students opt out of accounting majors in favor of investment banking or management consulting. Older baby boomers are preparing for retirement, and younger generations are reluctant to replace them. Only 67,000 candidates sat for the CPA exam in 2022, 5,000 fewer than the year before.

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Retailo Raises $2.3M In Seed Round To Boost Financial Inclusion

PYMNTS

The round was led by Abu Dhabi-based Shorooq Partners , while 500 Durian (the 500 Startups fund for Southeast Asia) and 92 Ventures chipped in as well, along with angels from the region’s top startups and leading management consulting firms, according to the release.

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GCC Banking’s New Techno-Frontier

Global Finance

In the US, the giant management consultant found, 73% of time spent by bank employees has a high potential to be impacted by generative AI, some 39% by automation, and 34% by augmentation. Major Gulf banks, including Al Rajhi Bank of Saudi Arabia, Qatar National Bank, and National Bank of Kuwait are already using AI to varying degrees.

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GlobalEcon Grows Chinese Presence With Shanghai Office

PYMNTS

Global Economics Group (GlobalEcon) has branched out in China with the opening of an office in Shanghai, its second location in the country, the economic management consulting firm announced on Tuesday (Jan.