RBI Blocks Paytm Bank From Accepting New Customers
RBI Blocks Paytm Bank From Accepting New Customers
March 11, 2022  |  Digital Banking

India’s central bank has blocked Paytm Payments Bank from welcoming new customers pending an audit of its IT systems, according to a press release Friday...

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Denmark’s FinTech Cardlay Closes $6M Financing Deal
Denmark’s FinTech Cardlay Closes $6M Financing Deal
March 11, 2022  |  Investments

The Danish FinTech B2B company Cardlay has received a $6 million cash infusion and hired a chief technical officer, the company announced Wednesday (March 9)....

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CFTC Charges 4 in $44M Bitcoin Scam
CFTC Charges 4 in $44M Bitcoin Scam
March 11, 2022  |  Security & Fraud

The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action this week against four men for allegedly conducting a $44 million...

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Contabilizei Receives Investment of $60M Led by Softbank
Contabilizei Receives Investment of $60M Led by Softbank
March 11, 2022  |  SMBs

Contabilizei, the Brazilian back-office accounting services firm for small- and medium-sized businesses (SMBs), has raised $60 million in a Series C financing, Bloomberg reported Thursday (March 10)....

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Citi’s Two Digital Assets Leads Exiting to Launch Startup
Citi’s Two Digital Assets Leads Exiting to Launch Startup
March 11, 2022  |  Personnel

Co-heads of Citigroup’s digital assets group are leaving the bank less than a year after being put in charge of the new crypto-centered unit, which...

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Labor Department Urges Caution on Crypto Retirement Plans
Labor Department Urges Caution on Crypto Retirement Plans
March 11, 2022  |  Cryptocurrency

The U.S. Department of Labor is warning retirement plan fiduciaries to use caution before adding a cryptocurrency option to a 401(k) plan’s investment menu. Get...

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Ulta Beauty Sees Q4 Net Sales Up 24.1%
Ulta Beauty Sees Q4 Net Sales Up 24.1%
March 11, 2022  |  Earnings

Ulta Beauty appears to be faring well in the increasingly fierce battle for customers in the beauty care space, as Sephora is deepening its in-store...

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AMZN vs WMT Weekly: Perennial Rivals Face Perpetual Change
AMZN vs WMT Weekly: Perennial Rivals Face Perpetual Change
March 11, 2022  |  Retail

For 10 years, Amazon has been steadily chipping away at Walmart’s lead in the battle to control the biggest slice of the American retail pie....

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PYMNTS Intelligence: Why ACH Dominates Business Payments
PYMNTS Intelligence: Why ACH Dominates Business Payments
March 11, 2022  |  Faster Payments

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