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Canada-based fintech Nuvei has revealed its intention to evaluate several proposals that would take the company private.
payments , fintech, transactions , financial services
The Industrial and Commercial Bank of China (ICBC) has agreed to pay around USD 32 million to settle investigations related to compliance issues in New York.
AML, compliance, regulation, banks
Amnon Samid, CEO of BitMint, an AI-Powered Cyber-Innovation Hub, tackles current cryptography-based digital currencies, that cannot serve as a means of better financial fairness and inclusion.
CBDC, payments , cash, digital currency, quantum computing, digital wallet, central bank, stablecoin, tokenization
As the digital sterling is a once-in-a-generation change in the way that money works, David Birch strongly advises all stakeholders to take the time to work out exactly how it should work and make sure that it is implemented correctly.
wholesale CBDC, CBDC, online payments, banks, cash, API, digital currency, digital euro, digital dollar
Visa and Mastercard have been rumored to increase the fees that many merchants pay when they accept customers’ credit cards.
credit card, merchant, interchange fee, payments , retail
Retailer Walmart has sued US-based bank Capital One in an effort to end their credit-card partnership.
ecommerce, credit card, partnership, retail, loyalty programme
US-based payments company Stripe has reportedly hired Goldman Sachs and JP Morgan Chase to advise it on a potential public listing within the next 12 months.
payments , online payments, public listing, IPO, stock, payment processor
Cryptocurrency exchange Bitzlato has been charged by authorities from the United States with laundering more than USD 700 million.
cryptocurrency exchange, ransomware, digital assets, money laundering
Microsoft has allegedly been in talks to invest USD 10 billion into OpenAI, the artificial intelligence (AI) research and deployment company that owns ChatGPT.
investment, artificial intelligence, Microsoft, funding, ChatGPT, fintech
Binance has decided to walk away from a deal with FTX just 24 hours after it signed a letter of intent to purchase the company amid a liquidity crisis.
acquisition, cryptocurrency, digital assets, investment
US-based retail enablement platform Instacart has unveiled an innovation to help groceries stores bring together online and in-person shopping.
shopping, ecommerce, product upgrade, Instacart, retail
US-based mass-media and entertainment conglomerate Disney has explored the opportunity to introduce a membership programme in order to better link its products and services.
subscription commerce, subscription payments, loyalty programme, customer experience
Equifax has provided inaccurate credit scores on millions of US consumers seeking loans during a three-week period earlier in 2022.
data breaches, credit card, banks, fraud management, risk management
US-based fintech platform Robinhood has scaled down by firing 713 employees just three months after it already reduced its headcount by 9%.
trading platform, financial institutions, financial services, cryptocurrency
US-based payments company Stripe has lost its valuation by 28%, becoming the latest privately-funded fintech to suffer from the repercussions of a sustained sell-off of tech shares, according to Financial IT.
fintech, financial services, funding, investment
Swedish BNPL provider Klarna has neared a deal to raise new money at around USD 6.5 billion valuation, according to The Wall Street Journal.
Klarna, BNPL, instalment payments, funding
UK-based Mossavar-Rahmani Center has revealed that weak regulatory oversight and lack of standards may lead to problems for the growing BNPL industry.
BNPL, report, growth markets, regulation, ecommerce
Bolt Financial, a US-based payments-focused financial technology company, has announced acquiring crypto-services startup Wyre Payments.
cryptocurrency, startup, acquisition, merger, payments
Wells Fargo and Bank of America, among other banks, have reportedly planned to enable Zelle for online retail payments at big merchants, according to eMarketer citing the Wall Street Journal.
Bank of America, Open Banking, mobile banking
Tencent has been facing a fine for violations of central bank regulations by its WeChat Pay mobile network after Beijing toughened its regulations for fintech platforms, as related by The Wall Street Journal.
WeChat Pay, AML, central bank, banks, regulation