Hong Kong Eyes New Phase of Open API Project
Hong Kong Eyes New Phase of Open API Project
August 07, 2019  |  B2B Payments

The Hong Kong Monetary Authority is set to launch the second phase of its Open API project. Separately, digital banking in Europe eyes corporate clients,...

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Pressure Mounts On Big Four Auditors
Pressure Mounts On Big Four Auditors
August 07, 2019  |  B2B Payments

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according...

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Post-Takeover, SMB Bank Penta Secures Latest Funding
Post-Takeover, SMB Bank Penta Secures Latest Funding
August 07, 2019  |  Investments

About two years since launching its small business bank account service, challenger bank Penta announced new funding. Get the Full Story Complete the form to...

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Chinese Firms Grappling With $200B+ IOUs
Chinese Firms Grappling With $200B+ IOUs
August 07, 2019  |  International

The intensifying U.S. trade war with China has triggered an economic slowdown and cash shortage, with Chinese businesses forced to accept IOUs, The New York...

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LendingClub Logs Lower-Than-Expected Losses
LendingClub Logs Lower-Than-Expected Losses
August 07, 2019  |  Earnings

Though LendingClub is still reporting losses this quarter and missed its revenue estimates, the market mostly liked what it saw out of the financial services...

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Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities
Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities
August 07, 2019  |  Investments

Snap, the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. 6)....

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Why Mastercard Acquired Nets
Why Mastercard Acquired Nets
August 07, 2019  |  Mastercard

 Mastercard is making its largest acquisition to date with its $3.2 billion bid to buy the Denmark-based payments platform, Nets, furthering its European presence and...

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Paytronix’s Open Dining Buy Unlocks Restaurants’ Digital Front Doors
Paytronix’s Open Dining Buy Unlocks Restaurants’ Digital Front Doors
August 07, 2019  |  Ecosystems

Restaurants, like all businesses, have always had a “front door problem” – that is, how to get people in the mood to walk through that...

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Why Mobile Phones Are The Better Consumer Authentication Mousetrap
Why Mobile Phones Are The Better Consumer Authentication Mousetrap
August 07, 2019  |  Authentication

At this point in 2019, we’ve all dealt with some flavor of two-factor authentication that uses SMS one-time passcodes. We attempt a sign-in and see a...

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