Saturday, December 14, 2019
A malware campaign is currently targeting financial technology companies in Israel, according to SC Media. At the forefront of this attack is an upgraded version of the Cardinal remote access trojan (RAT), which is considered as rare due to...
US financial technology giant FIS has acquired British payments processing firm Worldpay for $43 billion. The acquisition, which was billed as a merger, will give FIS shareholders a 53% stake in the combined company, while Worldpay investors will have 47%. The...
Last Sunday, March 17, 2019, the United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) came together to host a crypto asset and financial technology forum. The event was held at the Abu Dhabi Global...
Indonesia’s Investment Alert Task Force has just recently shut down at least 168 financial technology and peer-to-peer (P2P) companies, as well as 47 investment firms, reports The Jakarta Post. All of the suspended companies do not have registration papers...
New York-based financial technology startup, Stash, will be providing the public with its ‘stock-back’ rewards program. This new initiative allows customers to invest as they continue to spend and purchase using their credit cards. What the Program is About Partnering with...
PayPal opens its doors to bank transfers as it recently announced that its users could transfer money real time from the application to their bank accounts. PayPal — the parent company of Venmo, the peer-to-peer payments app — recently unveiled...
This 2019 seems to be a good year for China’s financial technology companies, according to SHINE, a media outlet powered by Shanghai Daily. Reports say that the country’s industry has experienced an ‘accelerated consolidation’ due to participating companies pursuing...
The Mexican Central Bank is working closely with Amazon.inc to help launch a new mobile payment system name CoDi in their country. This initiative is supported by the government, allowing customers to pay for their goods through the use...
Chinese company Tencent is looking at the University of Hong Kong (UHK) for IT talents in an endeavour further financial technology research. According to Yahoo Finance, the IT giant recently moved for a memorandum of cooperation with the institution....
Mobile banking startup, Chime, has recently raised $200 million from its pool of investors. The company is now valued at $1.5 billion. Its Series D funding is spearheaded by DST Global. In addition, Reuters reports that its recent round of...

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