February 2025 – Page 41

Google Introduces Virtual Cards for Chrome and Android

Google is collaborating with Visa, Mastercard, and American Express to introduce virtual cards for Chrome and Android users. Starting this summer, shoppers with eligible cards...

Bank of America Spearheads $35 Million Funding Round for OpenFin

Bank of America has spearheaded a $35 million Series D investment in OpenFin, a provider of capital markets operating systems, with notable participation from existing...

Checkout.com Set to Acquire Digital Identity Startup Ubble

Checkout.com is set to enhance its merchant financial services portfolio by acquiring French digital identity verification (IDV) company, ubble. The deal, expected to finalize later...

Digital Currency Group Closes Its Institutional Trading Platform

Digital Currency Group (DCG) is shutting down its trade execution and prime brokerage services subsidiary, TradeBlock, due to challenges posed by the crypto winter, the...

Mastercard Launches Biometric Checkout Initiative

Mastercard has developed a technology framework aimed at establishing minimum standards for biometric payments during checkout. The card scheme is collaborating with partners such as...

Mastercard Takes Stake in Picus Security

Mastercard has acquired a minority stake in Picus Security as part of its initiative to identify gaps in threat prevention and detection within business cyber...

Temasek Faces Financial Impact from FTX Investment

Singapore’s state-owned investment fund, Temasek Holdings, has reduced the compensation of employees involved in its $275 million investment in the now-defunct cryptocurrency exchange FTX. In...

Laybuy Appoints Former HSBC Fraud Chief as Chief Risk Officer

New Zealand-based buy now, pay later provider Laybuy has appointed Jamie Byles, HSBC's group head of fraud, as its new chief risk officer. Based in...

HSBC Introduces New ESG Index

HSBC has launched a global Index that employs artificial intelligence to assess the enhancement of a company’s ESG credentials and their potential for positive financial...

OCBC Capital Raises Limits Following Inadequate Response to SMS Phishing Scams

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of approximately S$330 million on OCBC Bank (OCBC) due to the bank's inadequate...