Payments

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after a hack.The platform is working with security experts to assess the...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
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Anthropic Launches Claude: A New Era for Financial Services

Discover how Claude by Anthropic is transforming the landscape of financial services with advanced AI technology.Highlights: Claude is designed specifically for the financial services...

Barclays Fined £42M Due to Failures in Money Laundering Risk Management

Exploring the Consequences of Inadequate Compliance in BankingHighlights: Barclays has been fined £42 million for lapses in its anti-money laundering controls.The UK's Financial Conduct...

Activist Investor Increases Stake in Global Payments: What It Means for the Future

Exploring the Impact of Shareholder Activism on Financial ServicesHighlights: An activist investor has significantly increased their stake in Global Payments.This move highlights the growing...

Wall Street’s Big Players Unveil Their Stablecoin Plans

Exploring the Impact of Major Financial Institutions Entering the Stablecoin MarketHighlights: Several major Wall Street institutions are launching their own stablecoins.These initiatives aim to...

Computershare Emerges as Potential Buyer for PrimaryBid

Exploring the Potential Acquisition and Its Impact on the MarketHighlights: Computershare has expressed interest in acquiring PrimaryBid, a platform focused on democratizing access to...

Wagestream Acquires Pension Tech Provider Zippen

A Strategic Move to Enhance Employee Financial Well-BeingHighlights: Wagestream has acquired Zippen to expand its financial wellness services.This acquisition aims to integrate pension technology...

UniCredit Partners with Wise for Seamless Cross-Border Retail Payments

Experience faster and cost-effective international transactions with UniCredit and Wise's innovative collaboration.Highlights: UniCredit has partnered with Wise to enhance their cross-border retail payment services.The...

Lloyds Highlights Impact of GenAI Knowledge Hubs on Banking

Exploring the transformative potential of Generative AI in enhancing financial services and client engagement.Highlights: Lloyds is leveraging Generative AI to create knowledge hubs that...

Standard Chartered Launches Bitcoin Spot Trading Services

Enhancing Cryptocurrency Access for Investors and TradersHighlights: Standard Chartered has introduced Bitcoin spot trading services to enhance cryptocurrency offerings.This move positions Standard Chartered as...
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