Shares of Lloyds Banking Group PLC (ADR) (NYSE:LYG) ended Friday session in red amid volatile trading. The shares closed down -0.08 points or -2.64% at $2.95 with 2.87 million shares getting traded. Post opening the session at $2.96, the shares hit an intraday low of $2.95 and an intraday high of $2.97 and the price vacillated in this range throughout the day. The company has a market cap of $51.39 billion and the numbers of outstanding shares have been calculated to be 71.37 billion shares.
Lloyds Banking Group PLC (ADR) (LYG) provides banking and financial services to individual and business customers in the United Kingdom and internationally. The company operates through four segments: Retail, Commercial Banking, Consumer Finance, and Insurance. The Retail segment offers a range of financial service products, including current accounts, savings, personal loans, and mortgages to wealth and small business customers; and distributes insurance, protection and credit cards, and a range of long-term savings and investment products.
Shares of Mastercard Inc (NYSE:MA) ended Friday session in red amid volatile trading. The shares closed down -0.46 points or -0.45% at $101.66 with 2.76 million shares getting traded. Post opening the session at $101.92, the shares hit an intraday low of $101.25 and an intraday high of $102.10 and the price vacillated in this range throughout the day. The company has a market cap of $112.54 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On September 20, 2016 Mastercard announced that augmented reality (AR) startup IMG is the first company from China to join its Start Path Global program — the company’s global effort to support innovative early-stage startups developing the next generation of commerce and fintech solutions.
Start Path was established in early 2014 as a way for Mastercard to work directly with global startups building innovative solutions covering everything from blockchain to artificial intelligence and chatbots. Over the last two years, Start Path has worked with over 90 companies across 24 countries. Mastercard is currently running active pilots with or has directly invested in nearly 20 percent of the companies. The early-stage companies that comprise this new class hail from all corners of the globe and are varied in terms of their team size, level of funding, revenue, and sales pipeline.
“When the opportunity arose to be part of the Start Path program and collaborate with Mastercard we grabbed it with both hands,” said Zhu Yu Cong, CEO of IMG. “As a growing startup, Start Path presents us with an unparalleled opportunity to scale our business and realize the full potential of our innovations. As part of the program, we are also eager to start working with Mastercard and their partners to bring new technologies to market that will help mature the augmented reality industry and its various use cases.”
Dennis Chang, Division President, China, Mastercard said, “It’s very exciting to see such an innovative technology startup such as IMG taking part in the Start Path Global program. IMG represents a generation of dynamic entrepreneurs in the fintech space, which is growing at a tremendous rate in China and stands to make a substantial impact on China’s innovation-driven economy.”