President Obama’s official state visit to Cuba marked the first time the top elected U.S. official had done so in nearly 90 years. Despite the time between trips, Air Force One still managed to navigate smoothly enough to and from its destination, and remarks by both...
The European Union is in the midst of several upgrades and overhauls within its financial sector, including ongoing efforts to improve access to working capital for the region’s small and medium-sized businesses. Post-financial crisis, amid economic recovery, financial institutions across the EU have been calling...
New analysis from Global Market Firm finds a promising future for the cloud-based corporate travel and expense management industry. But the report, published this week, also suggests that data security could trip up the industry’s expansion this decade. According to reports on Monday (March 28), the...
Venture capitalists lent their support to another alternative lender, this time in India. Reports on Monday (March 28) said Veritas Finance, based in India, secured Series A funding led by Sarva Capital. The funding amounted to about $4.7 million, reports said, adding that Veritas plans...
India has always been a hotspot for mobile banking, but in the last few months, industry analysts have noticed a sudden spike in use of the technology. According to reports published on Monday (March 28), the nation saw a 46 percent increase in the value...
The future of bitcoin is a bit shaky. While FinTech innovators have instead turned towards the underlying technology of the cryptocurrency — blockchain and other distributed ledgers — bitcoin as its own currency is unlikely to take off like some once thought it would. Earlier this year,...
Could the Silk Road be a path to money laundering? Associated Press reported that a range of criminals — from scam artists to drug dealers — have found a haven in China as a spot for money laundering efforts as underground financial networks in that country have...
EMV makes it harder for a person in a store to fake their identity via a counterfeit card. Online, it’s starting to look like the Wild West. In The March edition of the PYMNTS Digital Identity Tracker™, powered by Socure, we talk to TransUnion’s Rurik...
As the FBI works to combat a specific type of ransomware virus, it is calling on businesses and software security experts for emergency assistance in its investigation. Over the weekend, Reuters obtained a confidential “Flash” advisory from the FBI: “We need your help!” The particular...
