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Navisteps Lands $1 Million For SMB Travel, Cost Management

PYMNTS

Travel and cost management company Navisteps has notched $1 million in a pre-seed round, with investment originating from angel investors, Phocuswire reported. While expense and travel management solutions are not new, they traditionally target large enterprises.

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National Bank of Canada prioritizes cost management in Q1

Bank Automation

National Bank of Canada focused on cost management and overall efficiency as it boosted tech spend and pulled back on headcount in the first quarter of 2024. Tech spend grew 3.6% year over year to $CA259 million ($190 million) for the quarter ended Jan. 31 as the bank continued to invest in technology across […]

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Earnings preview: Payments companies confront 3Q challenges

Payments Dive

Macroeconomic headwinds, consumer health and cost management are set to be topics of conversation during payments companies' quarterly earnings calls.

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E-commerce is still making it too hard for consumers to pay

Payments Source

Modern, global merchants need comprehensive, integrated frameworks that reduce costs, manage risk and exposure, provide direct connectivity and redundancy to optimize reliability and keep control over the customer experience closer to the merchant, according to Eric Rosenthal, managing director of the Americas at Rapyd.

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Lloyds Bank’s operating costs up 11% YoY

Bank Automation

Lloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in technology. Cost management remains a core discipline for us as a group,” Chief Financial Officer William Chalmers said during the bank’s earnings call today.

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GIC Explores Potential Sale of Minority Stake in Bukalapak

Fintech News

Shareholders in Bukalapak Source: MarketScreener In Q1 2024, Bukalapak reported positive adjusted EBITDA for the first time, driven by robust revenue growth and effective cost management. The company forecasts a positive adjusted EBITDA exceeding 200 billion rupiah for the full year.

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Anodot Inks Strategic Partnership with YäRKEN

Finovate

Cost management platform Anodot has inked a strategic partnership with FinOps and TBM platform. The partnership will integrate technology from both firms to help clients better manage cloud costs. Cloud-based cost management platform Anodot has forged a strategic partnership with FinOps and TBM platform YäRKEN. .