Latest news with #financialmanagement
Finextra
a day ago
- Business
- Finextra
Lloyds teams with Lumio to help couples manage shared finances
Lloyds Banking Group has teamed up with money app Lumio to take the stress out of shared financial management for couples. 0 Lumio's app allows couples or other people who manage a household budget together, to manage their finances in a shared space, track and automatically split shared expenses and save together towards common financial goals. It will be rolled out between May and August to selected Lloyds customers that jointly manage bills, who will be invited to trial the app on a first come first serve basis and enjoy free access to premium package Lumio Couples Pro, typically priced at £39.99 per year. Tamara van den Ban, customer propositions director at Lloyds Banking Group says: 'Lumio offers an easy way to manage money together, making every day financial tasks stress-free for people who need to do this together - whether that be couples, siblings or flatmates." Lumio's founder, Charlie Richardson adds: 'Modern couples have fallen into an account gap and Lumio provides these couples with a solution that makes it easier for them to spend independently but retain financial clarity and alignment as a couple.' More than 40,000 Lumio couples already use the app for joint oversight of shared spending, account activity and any shared balances. Both people can work towards shared financial goals, whilst keeping their accounts separate. Customers can also split expenses with a real-time IOU tracker, reducing any potential tension as both parties have access to an automated, accurate record of expenses and payments due. Lumio is a successful graduate of the Lloyds 2024 Launch Innovation programme, which provides participants with the opportunity to run a commercial experiment with the bank and the potential for further investment from Lloyds Fintech Investment Team. Says van den Ben: "We believe that collaboration is key to delivering exceptional services and enhancing our capabilities and we are excited for what our partnership with Lumio will bring to better address our customer needs.'
BBC News
2 days ago
- Business
- BBC News
Bangor Cathedral has spending suspended over debts
A cathedral can no longer spend money after hundreds of thousands of pounds in debts were Cathedral in Gwynedd has had its spending suspended after furniture worth £418,000 was part-funded by the diocese and about £20,000 was spent on three trips abroad - two to Rome and one to Dublin - sources close to the cathedral told BBC-produced Newyddion comes after the publication of two critical report summaries earlier this month which outlined concerns relating to safeguarding, behaviour and financial management at the church. A cathedral spokesperson said it had agreed to repay the cost of the trips and an "independent review" last year found no financial inconsistencies. The debts are to the Bangor Diocese, which is a separate charity. The trips were allegedly paid for by the diocese, despite mainly involving cathedral staff, with the second Rome visit characterised by its is said to have involved "an overnight stay in the Radisson at Manchester Airport before an early flight, followed by accommodation in four-star hotels in Rome, plus dinner and taxis throughout".It was also alleged that "most of the participants on the second and third trips did not contribute towards the cost".The cathedral acknowledged there was inadequate consultation and information regarding the expenditure on furniture and that the Dean and Chapter of Bangor Cathedral had agreed to repay the costs of the trips also said the Church in Wales centrally was helping rectify issues with financial record-keeping and the debt would be repaid by next year. The cathedral said, while spending was suspended, it was continuing with the process of appointing a new dean.
Finextra
2 days ago
- Business
- Finextra
Tribe and Finmo build bridge between Apac and Europe
Leading payment technology firm, Tribe Payments, has announced a strategic partnership with global Treasury Operating System (TOS), Finmo, to deliver integrated, end-to-end payment and treasury services to banking and fintech clients across key growth markets – notably Asia-Pacific (APAC) and Europe. 0 The new partnership combines Tribe's issuer and acquirer processing platform with Finmo's fast-scaling treasury and financial management system, which is licensed to move and manage money across 180 countries. Founded in 2018 as an issuer and acquirer processor, Tribe has evolved its payment platform to enable its customers to deliver frictionless, safe customer experiences at any point of the transaction flow. Merchants, banks, fintechs, issuers, and acquirers can all easily access a full ecosystem of products, allowing them to build, customise, and launch innovative payment solutions quickly, without sacrificing quality. Headquartered in London with offices across Europe, Tribe is globally connected to Mastercard, Visa, American Express, UnionPay International, Discover and JCB - providing unrivalled connectivity through a single integration. The collaboration with Finmo also marks another milestone in Tribe's APAC expansion, having opened its new regional HQ in Singapore in October 2024. By partnering with Finmo, Tribe gains deep local market access while providing Finmo with the tools to expand its reach into Europe. Founded in Singapore in 2021, Finmo's all-in-one platform offers real-time payment capabilities, cash flow visibility, foreign exchange (FX) risk management, compliance automation, and liquidity optimisation. Finmo holds an Major Payment Institution (MPI) license from the Singaporean authorities and is committed to expanding globally. Its established regional connectivity will enable Tribe to instantly access local payment schemes and domestic settlement rails in key markets such as Singapore, Malaysia, Vietnam, Indonesia, Australia and New Zealand. Commenting on the new partnership, Matt Weir, GM Asia-Pacific at Tribe Payments, said: 'I'm delighted to announce Tribe's new partnership with Finmo. This will further supercharge our money movement offerings across Asia-Pacific and Europe. The partnership underlines our shared goal of delivering best in class, secure payment services to clients in both card and non-card environments. 'Tribe and Finmo have many shared attributes - notably offering developer-first infrastructure that supports easy integration - and we will both be focusing on high-growth sectors including cross-border B2B and consumer spending flows.' David Hanna, CEO of Finmo, added: 'We're thrilled to be partnering with Tribe Payments, a move that truly symbolises 'East meets West' in the fintech world. Like Tribe, we have grown rapidly in a short space of time in our own region, and the time has come to make a more concerted effort to spread our wings further. 'Tribe will enable us to offer card issuing and acquiring solutions to APAC and European markets; whilst we will swiftly enable Tribe to serve new clients, increasing their APAC footprint. It's a hugely exciting moment for both companies.'
Finextra
2 days ago
- Business
- Finextra
Tribe and Finmo build bridge between Apac and Asia
Leading payment technology firm, Tribe Payments, has announced a strategic partnership with global Treasury Operating System (TOS), Finmo, to deliver integrated, end-to-end payment and treasury services to banking and fintech clients across key growth markets – notably Asia-Pacific (APAC) and Europe. 0 The new partnership combines Tribe's issuer and acquirer processing platform with Finmo's fast-scaling treasury and financial management system, which is licensed to move and manage money across 180 countries. Founded in 2018 as an issuer and acquirer processor, Tribe has evolved its payment platform to enable its customers to deliver frictionless, safe customer experiences at any point of the transaction flow. Merchants, banks, fintechs, issuers, and acquirers can all easily access a full ecosystem of products, allowing them to build, customise, and launch innovative payment solutions quickly, without sacrificing quality. Headquartered in London with offices across Europe, Tribe is globally connected to Mastercard, Visa, American Express, UnionPay International, Discover and JCB - providing unrivalled connectivity through a single integration. The collaboration with Finmo also marks another milestone in Tribe's APAC expansion, having opened its new regional HQ in Singapore in October 2024. By partnering with Finmo, Tribe gains deep local market access while providing Finmo with the tools to expand its reach into Europe. Founded in Singapore in 2021, Finmo's all-in-one platform offers real-time payment capabilities, cash flow visibility, foreign exchange (FX) risk management, compliance automation, and liquidity optimisation. Finmo holds an Major Payment Institution (MPI) license from the Singaporean authorities and is committed to expanding globally. Its established regional connectivity will enable Tribe to instantly access local payment schemes and domestic settlement rails in key markets such as Singapore, Malaysia, Vietnam, Indonesia, Australia and New Zealand. Commenting on the new partnership, Matt Weir, GM Asia-Pacific at Tribe Payments, said: 'I'm delighted to announce Tribe's new partnership with Finmo. This will further supercharge our money movement offerings across Asia-Pacific and Europe. The partnership underlines our shared goal of delivering best in class, secure payment services to clients in both card and non-card environments. 'Tribe and Finmo have many shared attributes - notably offering developer-first infrastructure that supports easy integration - and we will both be focusing on high-growth sectors including cross-border B2B and consumer spending flows.' David Hanna, CEO of Finmo, added: 'We're thrilled to be partnering with Tribe Payments, a move that truly symbolises 'East meets West' in the fintech world. Like Tribe, we have grown rapidly in a short space of time in our own region, and the time has come to make a more concerted effort to spread our wings further. 'Tribe will enable us to offer card issuing and acquiring solutions to APAC and European markets; whilst we will swiftly enable Tribe to serve new clients, increasing their APAC footprint. It's a hugely exciting moment for both companies.'
Globe and Mail
3 days ago
- Business
- Globe and Mail
Golden Minerals Company Announces New Chief Financial Officer
Golden Minerals Company ('Golden Minerals,' 'Golden' or the 'Company') (OTCQB: AUMN and TSX: AUMN) is pleased to announce that Mr. Anil Jiwani has been named Chief Financial Officer ('CFO') of the Company effective June 1, 2025. Mr. Jiwani succeeds Mr. Joe Dwyer, who will resign from his position as the Company's Chief Financial Officer effective May 31, 2025, as previously announced. The Company thanks Mr. Dwyer for his contributions and dedicated service and wishes him well in his future endeavors. Anil Jiwani joins Golden Minerals with nearly 20 years of experience in accounting, financial and strategic management, and corporate governance. Mr. Jiwani also serves as the Chief Operating Officer, Director and a principal shareholder of Avisar Everyday Solutions Ltd., which provides accounting services and solutions for publicly traded companies. The Company has outsourced certain aspects of its accounting functions to Avisar, and Mr. Jiwani will be providing his services as CFO through its agreement with Avisar. He also currently serves as the CFO of Perseverance Metals Inc., and as a Director and CFO of Inomin Mines Inc., both publicly listed companies in the mining and exploration sector. Previously, Mr. Jiwani served as CFO of several companies where he directed financial operations, supported complex transactions such as reverse takeovers, and enhanced compliance across international jurisdictions. He has been at Avisar as Chief Operating Officer since 2019 and previously was a Senior Manager at Avisar. He previously was a Manager in the Audit and Assurance Group at PwC LLP in Vancouver, Canada. Mr. Jiwani is a Chartered Professional Accountant in Canada and holds a bachelor's degree in accounting and information technology from the University of Texas at Dallas. Mr. Jeffrey Clevenger, Chairman of the Board of Golden Minerals, stated, 'We are pleased to welcome Anil Jiwani as Chief Financial Officer, bringing valuable expertise to the team. We are taking this opportunity to outsource our financial functions with a proven firm that will provide us with high quality financial support while significantly reducing our costs.'
