Mexican FinTech Stori says it has raised $212 million in equity and debt financing. The new funding, announced Tuesday (Aug. 6), will help Stori develop products to promote financial conclusion. “Since the beginning, my co-founders and I recognized the unfair gap in the traditional financial...
Klarna is reportedly gauging investors’ interest in buying up the company’s existing shares on the secondary market. The Sweden-based FinTech is doing so as it prepares for a potential public listing in the United States, Bloomberg reported Tuesday (Aug. 6), citing an unnamed source. Reached...
French police are reportedly investigating a ransomware attack at a Paris Olympic venue. The attack, the subject of a Tuesday (Aug. 6) report by Reuters, is the latest such incident tied to this year’s summer games. In this case, criminals targeted the central computer system at the...
Revolut Business expanded the availability of its “borderless financial super app for businesses” to Singapore and is looking to add other markets. “We’re here to empower Singaporean companies of all sizes, including 1,000+ who signed up to our waitlist,” the company said in a Tuesday...
Zafin and 10x Banking have partnered to enable banks and financial institutions to modernize their core systems incrementally. This phased approach makes the implementation less disruptive while delivering immediate value, thereby mitigating risk, maintaining stakeholder confidence and reducing upfront capital expenditures, the companies said in...
No one is an island. And in our interconnected and digital world, no company is, either — meaning that the cost of a single facet’s downtime on B2B partners can be catastrophic. For proof, just look at the ongoing fallout from the July 18 disruption...
As on-demand delivery aggregators look to capture more of consumers’ grocery spending, key players such as DoorDash and Instacart are finding new ways to insert their technology into consumers’ grocery shopping routines. The former, for its part, is looking to rewards collaborations to drive adoption....
Four years after the collapse of online payments company Wirecard, German prosecutors have reportedly charged two more of the firm’s former executives. Wirecard’s former finance chief, Alexander von Knoop, and its former board member for product development, Susanne Steidl, have been charged with several counts...
J.P. Morgan Payments expanded its partnership with consumer authentication firm PopID. The collaboration offers in-store biometric payments to merchants in pilot programs across the United States, allowing shoppers to use a “pay-by-face” system without relying on their phones or credit cards, according to a Tuesday...
