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670. News: BaaS partnerships for Chetwood and HSBC and Adyen taps Tink for Open Banking payments

Fintech Insider Podcast by 11:FS

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Softbank's Vision Fund to Lay Off 30% of Its Staff

Softbank's Vision Fund is going to lay off 30% of its staff. The news comes nearly two months after Softbank Chief Exac said the company would review the organization's size and structure in order to do some cost cutting. This was Gito record 3.2 trillion at Japanese yen, which is about $23.4 billion US loss in the three months that ended in June. Despite the massive losses, the Japanese tech conglomerate is reportedly considering launching a third Vision Fund.

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