South Africa-based digital bank Tyme has achieved unicorn status with the help of fellow FinTech Nubank. The company announced Tuesday (Dec. 17) that it had raised $250 million in a Series D funding round, bringing its value to $1.5 billion. Among Tyme’s investors is Nubank, a 110-million-member digital lender based...
Revolut will reportedly offer new anti-fraud security measures to its cryptocurrency customers starting next year. “In the crypto space, there’s a little bit of an issue with fraud outcomes,” Alex Codina, general manager for merchant payments at Revolut, told CoinDesk Tuesday (Dec. 17). “Now, crypto firms, either exchanges...
Banco Santander has appointed PayPal veteran Nitin Prabhu as its global head of Digital Consumer Bank (DCB). In this role as head of one of the bank’s five global businesses, Prabhu will be responsible for the auto and consumer business globally as well as its fully digital bank Openbank,...
Who will become Latin America’s dominant digital banking force, MercadoLibre or Nubank? It’s a question posed Tuesday (Dec. 10) in a report by Bloomberg News, which noted that MercadoLibre — which has its roots in the eCommerce world — is increasingly seeking the same turf...
December 20, 2024
As the banking and payments sector stands on the cusp of 2025 on a new regulation-averse government worldview, one of the issues that bears watching is the partnerships between banks and FinTechs. As a group, they have created new ways of moving money, across apps, platforms and mobile devices. FinTechs have largely been untested in […]
December 10, 2024
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that...
December 10, 2024
The days of chief financial officers and treasury teams being tethered to desktops or waiting for approvals via email are over. By the end of 2024, Bank of America’s corporate...
December 10, 2024
As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. Efforts to combat fraud in routine digital payments have been successful, but...
December 17, 2024
South Africa-based digital bank Tyme has achieved unicorn status with the help of fellow FinTech Nubank. The company announced Tuesday (Dec. 17) that it had raised $250 million in a Series D funding round, bringing its value to $1.5 billion. Among Tyme’s investors is Nubank, a 110-million-member digital lender based in Brazil. Tyme, whose TymeBank has more than 15 million […]
December 17, 2024
Revolut will reportedly offer new anti-fraud security measures to its cryptocurrency customers starting next year. “In the crypto space, there’s a little bit of an issue with fraud outcomes,” Alex Codina, general manager...
December 11, 2024
Banco Santander has appointed PayPal veteran Nitin Prabhu as its global head of Digital Consumer Bank (DCB). In this role as head of one of the bank’s five global businesses, Prabhu will be...
December 10, 2024
Who will become Latin America’s dominant digital banking force, MercadoLibre or Nubank? It’s a question posed Tuesday (Dec. 10) in a report by Bloomberg News, which noted that MercadoLibre —...
