In today’s FinTech news, Bloom raises money to fund digital startups, while experts weigh in on the disruption of cryptocurrencies. Plus, Klarna is eyeing short-term profits over company growth. Growth Capital Funding Startup Bloom Raises £300M Bloom Group S.A. raised £300 million (roughly $376 million)...
Today in B2B payments, Pemo launches an all-in-one spend management platform, while Westpac and 10x launch a transaction banking platform. Plus, JABU gets $15 million for Namibia B2B eCommerce and new Fundbox Flex Visa helps SMBs manage their spending and access working capital. 10x, Westpac...
FinTech 10x Banking is expanding its relationship with Banking-as-a-Service (BaaS) platform Westpac via the launch of a transaction banking platform for the bank’s institutional clients, according to a Thursday (May 26) press release. “The banking industry is experiencing a radical change, and Westpac is taking...
After announcing that it was hit by a cyberattack in December, Russian cryptocurrency exchange Livecoin announced in a note that it is shutting its business and refunding its clients. “Our service has been damaged hard in technical and financial way,” the exchange said in the note....
April 18, 2024
Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in the form of a mobile virtual card app engineered to provide financial institutions with options for delivering secure, contactless payment services—a demand increasingly voiced by […]
November 20, 2019
In today’s top payments news, SunTrust and BB&T have announced that they have received the regulatory green light to finish their merger to become Truist Financial Corporation. Also, Wells Fargo has...
May 26, 2022
FinTech 10x Banking is expanding its relationship with Banking-as-a-Service (BaaS) platform Westpac via the launch of a transaction banking platform for the bank’s institutional clients, according to a Thursday (May 26) press release. “The banking industry is experiencing a radical change, and Westpac is taking a leading role in its transformation,” said Antony Jenkins CBE, […]
January 18, 2021
After announcing that it was hit by a cyberattack in December, Russian cryptocurrency exchange Livecoin announced in a note that it is shutting its business and refunding its clients. “Our service...
September 24, 2020
Australian banking giant Westpac has agreed to a massive fine of $920 million ($1.3 million in Australian dollars) in a bid to put a money-laundering scandal behind it. AUSTRAC, the...
November 26, 2019
Australia’s Westpac Banking Corporation announced that its CEO is stepping down after the bank was hit with money laundering accusations. The country’s second-largest retail bank has been accused of allowing...
