The UK’s Financial Conduct Authority published a wide-ranging review of artificial intelligence in retail financial services today (Monday), the first of its kind commissioned by a financial regulator globally, the FCA said. The report, led by FCA executive director Sheldon Mills and known as The Mills Review, concludes that AI is likely to reshape how…
Online rental and subscription platform Rentomojo Ltd has received Sebi’s go-ahead for its proposed initial public offering (IPO), an update with the regulator showed on Monday. The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an Offer for Sale (OFS) of 2.84 crore equity shares by existing…
Mortgage rates are starting the week a little lower as markets continue to digest the less-than-stellar June jobs report. The average interest rate on a 30-year, fixed-rate mortgage ticked down to 6.38% APR, according to rates provided to NerdWallet by Zillow. This is two basis points lower than Friday but 10 basis points higher than…
Starting a business is one of the most exciting and challenging undertakings an entrepreneur can pursue. Interest in entrepreneurship is at an all-time high, and there have been spectacular success stories of early-stage startups growing into multi-billion-dollar companies—from Uber and Facebook to WhatsApp, SpaceX (a trillion-dollar company), and Airbnb. Yet behind every headline-grabbing success story…
Payments risk is no longer confined to a single payment rail or transaction type. Financial institutions and businesses today must manage risk across the ACH Network, checks, wire transfers, real-time payments, and a growing number of emerging payment methods. As the payments ecosystem becomes more interconnected, professionals need a broader understanding of how risks differ…
For real estate agents, being responsible for your tax obligations is a key part of managing your income in the industry. Without the automatic withholdings traditional employees have, it’s up to you to ensure you’re saving the right amount for taxes. A good rule of thumb? Set aside 25%–30% of your commission income. This percentage…
JLL has secured the sale of Clybourn Center, a 33,140-square-foot unanchored strip center strategically located in Chicago’s Lincoln Park neighborhood. JLL’s Capital Market Investment and Sales Advisory team, representing the seller, was led by Managing Director Michael Nieder and Director Brian Page. Leasing efforts at the center have been spearheaded by Steve Schwartz and his…
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SoftBank-backed digital-commerce ecosystem AceVector Ltd has filed updated draft papers with markets regulator Sebi for an initial public offering (IPO), which will include a fresh issue of shares worth Rs 300 crore. In addition to the fresh issue, the IPO will also involve an offer-for-sale (OFS) of 6.38 crore shares by existing shareholders, according to…
For poker players around the world, few achievements carry as much prestige as winning a bracelet at the World Series of Poker (WSOP). Held annually in Las Vegas, the WSOP is the largest and most celebrated poker tournament series on the planet. Since its founding in 1970, the event has evolved from a small gathering…