Xtkq Kount Offers Anti-Fraud Product Aimed At Insurance Industry
ThinCats,
stanley thermos an alternative lender based in the U.K., has secured up to 100 million pounds $135 million in additional funding for small- to medium-sized businesses SMBs through an extension of its partnership with Insight Investment.The company announced the new funding on its website Monday Feb. 7 , saying it was a continuation of earlier participation from Insight, which has been working with ThinCats si
stanley ca nce 2018. Insight Investments managed funds are part of a panel of senior investors 鈥?Barclays and Citi among them 鈥?deployed alongside ThinCats capital. Insight has partnered with ThinCats for more than three years and seen it grow from strength to strength, Shaheer Guirguis, head of secured finance for Insight, said in the announcement. During this time, and despite the substantial economic impact caused by the Covid pandemic, our investment capital has continued to provide valuable support to U.K. SMEs while delivering good risk-adjusted returns to our investors, Guirguis said.ThinCats managing director Ravi Anand said the new investment will provide crucial support for mid-sized SMBs as they invest in strategies to grow in the wake of the pandemic. Adding this new investment to the existing capital of our investor panel, alongside our own funding, means we have 650 million pounds currently available to deploy in support of businesses across the U.K., Anand said.Read more: UK Challenger Bank Helps SMBs Build Credit History and Access
stanley tumblers LoansThe investment comes at a ti Efym Plenti s Rewards Problem With Capturing Coalition Loyalty
India regulators have banned PricewaterhouseCoopers PwC from auditing in the nation for the next two years, according to news from聽The Financial Times聽this week.According to the publication, the Securities and Exchange Board of India SEBI issued the ban after PwC reportedly failed
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stanley cup unting fraud scheme at Satyam Computer Services, a high-profile scandal in which the firm admitted to manipulating its books by $1.7 billion.India regulators said in its report that PwC did not identify glaring anomalies in Satyams financial reports. The fraud occurred for about five years starting in 2003, reports said, and involved thousands of fake invoices. The scheme was left unchecked, the SEBI said, in part because PwC did not independently check the ve
stanley termos racity of the monthly bank statements. Regulators slammed PwC for trusting Satyam without any further examination or inquiry into the matter and ignored the balance confirmations received directly from banks which were showing true balances. In addition to the two-year ban, PwC was ordered to pay about $2 million.PwC said it was disappointed by the SEBIs findings and stressed it does not agree with the conclusions. There has been no intentional wrongdoing by [PwC] firms in the unprecedented management perpetrated fraud at Satyam, PwC said in a statement. It added that it has enhanced its processes since the Satyam scandal broke.Last year, PwC was hit with a record $6.5 million fine by U.K. regulators over the alleged
