Latest News – Page 170

Klarna Prepares to Dive into the Crypto Space

Buy now, pay later giant Klarna is exploring cryptocurrency integration ahead of its anticipated IPO in April this year. Klarna's CEO, Sebastian Siemiatowksi, recently shared...

FCA Increases Efforts to Tackle Misleading Financial Promotions

Nearly 20,000 financial adverts were withdrawn or amended in the UK last year following intervention from the FCA, which is nearly double the amount from...

Mastercard Acquires Crypto Intelligence Company CipherTrace

Mastercard is enhancing its digital asset capabilities by acquiring cryptocurrency intelligence firm CipherTrace, with financial terms undisclosed. CipherTrace specializes in analyzing large volumes of blockchain...

Rapyd Negotiates $300M Fundraising with Significant Valuation Adjustment

Payments-as-a-Service platform Rapyd is seeking to raise $300 million at a valuation of $3.5 billion, significantly lower than the $9 billion it achieved during a...

IPiD Unveils AI-Driven Name Matching Technology for Enhanced Payee Verification

Payment identity network iPiD has partnered with Microsoft to develop an AI-powered name-matching tool for Verification of Payee (VoP). Name matching has been a fundamental...

Major Banks Allocate $45 Million to Carbon Credit Trading Network

A group of nine banks has invested $45 million in Carbonplace, a global DLT-based carbon credit transaction network they established, which is becoming an independent...

BNY Executes Record-Breaking Instant Payment in U.S. History

BNY has executed the largest instant payment in U.S. history using The Clearing House's RTP Network, transferring $10 million to Bank of America on behalf...

Union Files Lawsuit Regarding CFPB Closure

A labor union has initiated legal action against Consumer Financial Protection Bureau (CFPB) acting director Russell Vought after he instructed staff to suspend much of...

Impersonation Scam Losses Surge Over 100% in H1

The public has been alerted to a significant rise in fraudulent calls, texts, and emails, as recent data from UK Finance reveals that the number...

BNPL Company Tabby Engages Banks for Upcoming IPO

UAE-based buy now, pay later company Tabby has engaged banks in preparation for a potential initial public offering (IPO). Sources indicate that the firm is...