Exclusive: OneCard May Restart Issuance as RBI Appoints Firm for Unified Audit
OneCard, the fintech arm of FPL Technologies, is poised to restart co‑branded credit‑card issuance after the Reserve Bank of India appointed an audit firm to conduct a unified review of its partnership and data‑sharing framework. The audit will examine compliance structures, data practices, and the overall partnership model, with a decision timeline of three to six months. OneCard reported a 32% jump in operating revenue to roughly US$226 million in FY25 and cut losses by 26% to about US$36 million. To date, the company has raised over US$270 million from investors such as Peak XV and QED Investors.
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Quarter on Quarter (QOQ) Growth: Definition, Calculation, and Example
Quarter‑on‑quarter (QOQ) growth quantifies the percentage change between one fiscal quarter and the preceding quarter, offering a snapshot of short‑term performance. The metric is calculated by dividing the difference in a financial figure by the prior‑quarter value, as illustrated by...
13 Hidden Costs of Password-Based Authentication (With Real ROI Math)
Passwords impose hidden, multi‑million‑dollar costs that span IT support, security breaches, compliance fines and lost revenue. A single reset averages $70, while credential‑based breaches cost $4.9 M on average and SMS OTP delivery can exceed $100 K annually. The article shows that...
PBOC Warns of Finance ‘Involution,’ Reaffirms Risk Control Focus
China’s central bank and its foreign‑exchange regulator warned that “involution‑style” competition is destabilising the finance sector. PBOC Governor Pan Gongsheng called for stronger internal oversight, tighter compliance and higher performance standards to curb excessive rivalry. The statement frames the issue...
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Understanding a Public Limited Company (PLC) in the U.K.
A public limited company (PLC) in the UK is a corporate form that can sell shares to the public and must be listed on a stock exchange. PLCs must include “PLC” in their name, hold at least £50,000 of share...
Tech Investor Lachy Groom in Talks to Back Pronto; Valuation Set to Double at $200 Million
US tech investor Lachy Groom is negotiating a $15‑20 million investment in Indian instant house‑help platform Pronto, which would lift its valuation to about $200 million, twice its March round. Pronto previously raised $25 million at a $100 million valuation from Epiq Capital, General...
Revenue Optimization in Buffet Systems: A Hybrid Pricing and Ancillary Revenue Approach
A new study introduces a data‑driven framework that blends multiple linear regression with profit‑maximization modeling to lift revenue in buffet‑style restaurants. Analyzing 100 observations, the research finds the alcohol attach rate to be the strongest driver of Average Revenue Per...
Assignments, Market Fundamentals and NDFI Risk, April 2026 - FDIC Risk Review Assesses Bank NDFI Loan Exposure
The FDIC released its April 2026 annual risk review, highlighting bank exposure to non‑depository financial institutions (NDFIs). The report finds that loans to NDFIs carry a lower credit risk than traditional commercial loans, reflected in stronger historical performance and higher credit...
Google To Invest Up To $40B In An Unbiased Anthropic
Anthropic announced a $10 billion cash investment from Google, with an optional $30 billion tranche tied to performance milestones, bringing the total possible commitment to $40 billion. The deal arrives alongside Amazon’s $25 billion pledge, underscoring a fierce cloud‑AI battle for the startup’s Claude...
SLVR: Silver Miners Struggle To Find Their Footing
Sprott Silver Miners & Physical Silver ETF (SLVR) earned a Hold rating as technical weakness and a modest valuation temper its impressive 167% year‑over‑year gain. The fund’s high volatility stems from a concentrated portfolio of global small‑cap miners, with roughly...
HMRC Cracks Down on Property Valuations in Inheritance Tax Returns – How to Reduce Risk of a Dispute
HM Revenue and Customs is intensifying scrutiny of inheritance‑tax property valuations, with referrals to the Valuation Office Agency rising 23.5% to 14,631 cases year‑over‑year. Executors who misvalue estates risk additional tax, 7.75% annual interest, and penalties if valuations are deemed...
Big Banc Split Corp. Announces Class A Share Split
Big Banc Split Corp announced a 20% forward stock split of its Class A shares, issuing 20 additional shares for every 100 held. The split, pending TSX approval, will take effect on May 4 2026 and will increase the monthly cash distribution to...
When Privacy Protects but Excludes: The Hidden Costs of Data Restrictions in Digital Lending
A 2019 Google privacy rule barred Android apps from accessing call detail records, cutting off a key enforcement tool for one of India’s largest digital lenders. The restriction sparked a 26% surge in loan applications from Android users but forced...
Big Four Accounting Chooses AI over Humans, Cuts Benefits & Hiring
The Big Four accounting firms are accelerating AI adoption while slashing staff and benefits. KPMG recently eliminated 10% of its U.S. audit partners, and Deloitte cut paid time off, froze its pension plan, and halved family‑leave benefits. Junior hiring has...
USA Rare Earth CEO on 'Transformative' $2.8B Serra Verde Deal
USA Rare Earth announced a $2.8 billion acquisition of Serra Verde Group, the only mine outside Asia that produces all four magnetic rare‑earth elements. The deal includes a 15‑year, 100 % offtake agreement with price floors backed by a U.S. government‑led special‑purpose vehicle. CEO...
CGI Agrees to Acquire Alaska-Based Quintillion
GCI Holdings, a subsidiary of GCI Liberty, announced a $310 million acquisition of Alaska fiber provider Quintillion. The deal merges Quintillion’s 1,800 miles of subsea and terrestrial fiber and roughly 1,500 miles of planned expansion with GCI’s statewide network, enabling a ringed, self‑healing...
CP All Defends Reorganisation Plans
Thai retailer CP All reiterated it will not merge its three subsidiaries—Counter Service Co, Thai Smart Card Co and CP Axtra—into its virtual bank Ascend Bank, despite a Bank of Thailand requirement to consolidate financial businesses. The proposal, driven by...
Trump Sidestepped Congress on More Than $1 Billon in Ed. Spending Last Year
The Trump administration redirected roughly $1 billion of education appropriations during FY 2025, moving more than $700 million between competitive grant programs and leaving about $300 million in research funding unspent. Notable shifts included transferring the $90 million SEED grant to the American History and...
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Effective April 24, 2026, the Options Clearing Corporation announced that the National Securities Clearing Corporation will no longer accept settlement for Willow Lane Acquisition Corporation (WLAC) option exercises. All WLAC and 1WLAC contracts, each delivering 100 Class A shares, must now settle on...
How France’s Tech Dependency Plan Could Influence ERP Decisions
France has launched a government‑wide program requiring ministries to map all technology dependencies on non‑European vendors, covering infrastructure, AI, databases and core systems. The Interministerial Directorate for Digital Affairs is spearheading the effort, with the Direction interministérielle du numérique (DINUM)...
MTP's Issues $386 Million in Cell Tower ABS, Its First Public Deal
MTP ABS Funding launched its inaugural public securitization, issuing $386 million of asset‑backed securities backed by 861 cellular tower sites. The pool, managed by Tower Point Capital, includes fee‑owned, leasehold and easement sites and supports 1,084 leases from 83 tenants, generating...
PlanGuru Launches PlanGuru Analytics, Powered by Reach Reporting
PlanGuru has unveiled PlanGuru Analytics, an analytics layer built on its browser‑based budgeting and forecasting engine and powered by Reach Reporting’s dashboard and AI capabilities. The new solution transforms financial models into interactive dashboards, AI‑driven insights, and polished reports, cutting...
BGIN BLOCKCHAIN LIMITED Reports Unaudited Financial Results for the Full Year of 2025
BGIN Blockchain Limited posted a dramatic revenue decline to $67.4 million in 2025, down 78% from the prior year, and swung to a $177 million net loss after earning $66 million in 2024. The company attributed the loss to non‑cash impairments as it...
Paul Mueller Company Announces Its First Quarter Earnings of 2026
Paul Mueller Company reported Q1 2026 net sales of $66.4 million, a 13% increase year‑over‑year, while gross profit fell to $14.6 million and operating income dropped to $2.5 million. Net income slumped 53% to $2.3 million, yielding earnings per share of $2.56 versus $5.26...
Saks Settles Fight With Simon Property, Cuts Deal With Creditors
Bankrupt luxury retailer Saks Global Enterprises reached settlements with landlord Simon Property Group and its main creditor groups, clearing key hurdles in its Chapter 11 case. The Simon agreement resolves unpaid‑rent claims and averts closure of two flagship stores, while the...
First Capital, Inc. Reports Quarterly Earnings
First Capital, Inc., the holding company for First Harrison Bank, posted a net income of $4.3 million for Q1 2026, a 33% increase from the same quarter a year earlier. Net interest income rose to $11.4 million, driven by higher yields on interest‑earning...
Toronto Hydro Corporation: Credit Rating Report
On April 17, 2026, Morningstar DBRS reaffirmed Toronto Hydro Corporation’s issuer rating and its senior unsecured debentures and medium‑term notes at “A.” The agency also confirmed the utility’s commercial paper rating at R‑1 (low), indicating strong short‑term creditworthiness. All rating trends...
Banks Can’t Outsource Judgment to Algorithms
Regulators including the OCC, FDIC and the Federal Reserve have issued revised inter‑agency model risk management guidance that moves compliance from periodic reviews to a continuous, embedded function. The new framework demands ongoing validation, governance and real‑time monitoring of both...
Farmer Finance: What Agriculture’s Working Capital Shift Reveals for B2B
The FDIC’s 2026 Risk Review reveals a fundamental shift in agribusiness financing, moving from income‑based lending to collateral‑based structures that lean on farmland equity. Farmers with weak cash flow are still securing credit by pledging land and other tangible assets,...
Valeo : Recul De 3,6% Du Chiffre D'affaires Au 1er Trimestre, Objectifs 2026 Confirmés
Valeo reported a 3.6% drop in first‑quarter revenue, driven by the November 2025 sale of its propulsion‑sensor business and a negative euro‑currency effect. On a constant‑currency, constant‑scope basis, core sales actually rose 1.3% year‑over‑year, outpacing a 3.4% global auto production...
Morningstar DBRS Finalizes Provisional Credit Ratings on Capital Street Master Trust Series 2026-1
Morningstar DBRS finalized provisional credit ratings for Capital Street Master Trust Series 2026‑1 Asset‑Backed Notes. The Class A notes, backed by a $450 million revolving pool of subscription loans, received an AAA (sf) rating, while the $25 million Class B notes were rated AA...
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TowneBank (TOWN) announced a special cash dividend of $0.70 per common share, payable on May 20, 2026 to shareholders of record on May 4, 2026. The OCC will adjust related options and futures contracts effective May 4, changing the contract multiplier to 100 and reducing...
Park National Corporation Reports Financial Results for First Quarter 2026
Park National Corporation reported first‑quarter 2026 results following its all‑stock merger with First Citizens Bancshares. Net income slipped 1.1% to $41.7 million, while loan balances grew 20.1% to $9.67 billion and deposits surged 33.4% to $11.0 billion, largely from the acquisition. The board...
Ebang International Reports Financial Results for Fiscal Year 2025
Ebang International Holdings reported FY 2025 results, posting total net revenues of $6.5 million, an 11.4% increase year‑over‑year. Gross profit shrank to $0.4 million, while the net loss narrowed to $14.2 million, improving from $20.9 million in 2024. Operating expenses fell 18.6% to $25.7 million, driven...
Deephaven Residential Mortgage Trust 2026-CES1: Presale Report
Morningstar DBRS has issued provisional credit ratings for the Deephaven Residential Mortgage Trust 2026‑CES1 series, covering eight distinct classes of mortgage‑backed notes. The three most senior classes (A‑1, A‑1A, A‑1B) received a (P) AAA rating, while the next tier (A‑2) was...
IHeartMedia in Talks to Merge With SiriusXM
Irving Azoff, the veteran music manager, is reportedly in talks to acquire both iHeartMedia and SiriusXM, aiming to merge the nation’s largest terrestrial radio network with the leading satellite and streaming platform. The combined entity would control over 860 radio...
Morningstar DBRS Confirms Grand Duchy of Luxembourg at AAA, Stable Trend
Morningstar DBRS confirmed Luxembourg’s long‑term foreign and local sovereign ratings at AAA and its short‑term ratings at R‑1 (high) on April 24, 2026. All four ratings—foreign and local, long‑ and short‑term—remain on a Stable trend. The agency’s EU‑based analyst team...
Fintech Bytes: Advisor360 Embeds Financial Planning via Conquest
Advisor360 partnered with Conquest Planning to embed a native, hybrid goals‑ and cash‑flow‑based planning engine directly into its platform, allowing advisors to create and manage plans without leaving the household context. 55ip added custom T. Rowe Price model portfolios with its ActiveTax...
Google Doubles Down on Anthropic With New $40 Billion Investment
Google announced a $40 billion investment in AI startup Anthropic, front‑loading $10 billion at a $350 billion valuation and earmarking an additional $30 billion contingent on performance milestones. The funding deepens Anthropic’s reliance on Google Cloud and TPU hardware, with 5 GW of compute capacity...
HFMA’s P&P Board Comments on GASB’s Proposed Implementation Guide, Financial Reporting Model Improvements-Subsidies
On April 24, 2026, the Healthcare Financial Management Association’s Principles and Practices Board submitted formal comments on the Governmental Accounting Standards Board’s Proposed Implementation Guide for Financial Reporting Model Improvements‑Subsidies. The board’s letter tackles five key areas: the proposed effective...
IRS Panel Calls for Changes in Notices, Forms, Tools
The IRS Taxpayer Advocacy Panel released its 2025 annual report, urging clearer notices, more intuitive forms, and upgraded digital tools after a year of steep staffing cuts. The panel submitted 188 recommendations, including 20 project referrals, to improve self‑service options,...
Facing Cost Pressures, CFOs Turn to AI and Automation
CFOs facing heightened cost pressures are increasingly turning to automation and technology upgrades, according to Deloitte’s Q1 2026 North American CFO Signals survey of 200 billion‑dollar firms. More than half (53%) named automation as the most proven lever for cost control,...
FASB Steps Toward Extending ‘Portfolio Layer’ Hedge Rules to Liabilities
The Financial Accounting Standards Board voted unanimously to add a project that would extend the portfolio‑layer method of hedge accounting to interest‑rate‑sensitive liabilities. Currently, GAAP limits the method to assets, leaving insurers and banks unable to hedge life‑insurance policies, annuities...
Expedia Names Ex-Snap CFO as Finance Chief
Expedia announced that Derek Andersen, the outgoing CFO of Snap, will assume the finance chief role on May 11, succeeding Scott Schenkel. Andersen brings seven years of experience at Snap and prior finance leadership at Amazon and Fox Interactive Media....
Tanzania SGR Project by Yapi Merkezi Secures $2.2bn Loan From Standard Chartered
Standard Chartered has arranged a $2.2 billion loan, backed by export credit agencies, to finance Tanzania's Standard Gauge Railway (SGR) Lots 3 and 4. The agreement, slated for signing on April 28 in Dodoma, will fund the 757‑mile stretch through Makutupora, Tabora and Isaka,...
StepStone Group Closes $1.58bn Credit Opportunities Fund
StepStone Group announced the closing of its Credit Opportunities Fund II at $1.58 billion, more than twice the original target. The fund will focus on secondary market purchases and co‑investment opportunities across the private credit spectrum. The oversubscription reflects strong investor...
IRS Provides New Guidance on Educational Assistance Plans
The IRS released Fact Sheet FS‑2026‑10, outlining tax treatment for educational assistance plans (EAPs) after the One Big Beautiful Bill Act (OBBBA). Employers can offer up to $5,250 in tax‑free educational benefits per employee, now indexed for inflation beginning in 2027. The guidance expands...
Morgan Stanley Supports Stablecoin Issuers With New Fund for Reserves
Morgan Stanley Investment Management has launched the Stablecoin Reserves Portfolio (MSNXX), a government money‑market fund tailored for stablecoin issuers to hold reserve assets. The fund invests exclusively in cash, U.S. Treasury securities with maturities of 93 days or less, and...
The Privacy Problem Institutions Can’t Ignore in Stablecoins
Stablecoins provide internet‑native money that moves instantly, but the public nature of blockchain ledgers reveals every transaction. This radical transparency clashes with institutional needs for confidentiality, exposing supplier relationships, treasury positions and strategic plans. As a result, large corporates and...
Flagstar Pares Back Earnings Outlook Amid Elevated CRE Payoffs
Flagstar Bank lowered its 2026 and 2027 earnings outlook after a $1.6 billion reduction in its commercial‑real‑estate (CRE) loan book, driven by $1.1 billion in par payoffs, many on substandard loans. The guidance cut trims diluted adjusted EPS by five cents this...