Browsing: News & updates

In a new development, Spotify – the infamous music streaming platform has named Christian Luiga as its Chief Financial Officer. As the ex-CFO and deputy CEO of Swedish defense company, Saab, Mr. Luiga will assume his responsibility at Spotify in the third quarter of the Financial Year 2024 to oversee finance-related matters for the firm.

GameStop has introduced Daniel Moore as its new CFO as part of a strategic plan to stabilize the company’s leadership through deft financial management and get it back on the right track. The announcement closes the door to Moore’s eight months as an interim CEO, as the gaming retailer is still striving to cope with a difficult retail scene that is marked by depleting sales and managerial changes.

In a revolutionary decision that has the potential to restructure the financial sector, BlackRock, the biggest asset manager in the world, launched the first tokenized fund ever with its shares issued on the Ethereum public blockchain. The name given to this innovative product is “BlackRock USD Institutional Digital Liquidity Fund” (BUIDL). BUIDL provides qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC.

Simetrik, a Colombian B2B financial automation platform, has secured a $55 million Series B funding round to fuel global expansion and enhance its AI-powered financial tools. 

The funding, led by Growth Equity at Goldman Sachs Asset Management, reinforces Simetrik’s position in the rapidly evolving financial technology landscape. Founded in 2019, the company has carved a niche by offering intuitive solutions like record centralization, reconciliation, and automated financial reporting through its innovative Simetrik Building Blocks (SBBs).

In a strategic move set to redefine the landscape of digital payments, Payplug, a leading payment solution provider, has announced a strategic partnership with payment service platform Mangopay. This collaboration aims to revolutionize the payment ecosystem by offering enhanced convenience, security, and flexibility to businesses and consumers alike.

In a surprising trend, a recent survey by Cisco has revealed that a significant number of companies have implemented a ban on the use of Generative Artificial Intelligence (GenAI) tools. The decision to restrict GenAI usage reflects growing concerns within the corporate sector about potential risks and ethical implications associated with this advanced technology.

John Dietrich, the maestro of numbers and current FedEx CFO, is putting on a new hat – a First Horizon board member’s hat! John Dietrich is not your average CFO. He’s the financial maestro behind the global shipping giant, orchestrating the financial symphony that keeps packages zipping across the planet faster than you can say “overnight delivery