In today’s top news, Riskified filed for an initial public offering (IPO), and India’s Amazon Pay Later now has 2 million users. Plus, financial institutions are moving closer to offering direct crypto services.
Fraud Prevention Platform Riskified Files For IPO
Fraud management platform Riskified has filed for an IPO on the New York Stock Exchange. It comes as fraudsters continue to grow more sophisticated and consumers grow more concerned of falling prey.
Amazon Pay Later Hits 2M Users In India
Amazon Pay Later has 2 million customers in India since the service launched last year. The credit service, which lets shoppers pay in monthly installments, has facilitated over 10 million transactions that have a near 100 percent payment success rate.
FIs Inch Closer To Offering Crypto Accounts For Customers
Banks and digital firms are working together to offer direct crypto services — from accounts to transactions — in a bid to wrest some business away from the exchanges, in hopes of connecting with a wider audience, too.
RBI: Big Tech In FinServ Threatens Emerging Market Ecosystem
The Reserve Bank of India (RBI) has warned against letting Big Tech companies into financial services in the country. Doing so could upset stability and governance and heighten the risk of antitrust issues, monopoly concerns and cybersecurity risks.
Report: Merchants See Open Banking As Path To Personalizing Consumer Experiences
Consumers are now more loyal to payment methods than to merchants — meaning retailers can no longer afford to guess which payment types matter to customers. In the latest U.S. Open Banking Tracker, Imran Haider, head of open banking at Wells Fargo, explains how open banking solutions and APIs can help merchants access customer payment data to deliver the personalized experiences they demand.
Robinhood IPO Filing Shows Big Loss, Mounting Lawsuits, Loads Of Meme-Stock Speculators
A first look at Robinhood’s Pre-IPO books showed that the popular new trading platform for small meme-stock and crypto speculators saw a surge in revenue, clients, losses and pending lawsuits. PYMNTS breaks it down.
Dating App Bumble To Open Branded Café And Wine Bar
Bumble is differentiating both from other dating apps and your typical New York City restaurant — by opening a café and wine bar that sits in both worlds. The first iteration of the restaurant was meant to open in 2019, but delays and the COVID-19 crisis pushed back the launch. Now, Bumble Brew plans to open on July 24 in SoHo.
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