Latvia’s top banking official and key European Central Bank member Ilmārs Rimšēvičs is currently facing accusations of bribery and money laundering. Latvian Prime Minister Māris Kučinskis confirmed that Rimšēvičs has been detained, but has offered no official details on the case. Get the Full Story Complete...
Indian banks could be on the hook for more than $3 billion thanks to a massive fraud scheme revealed by Punjab National Bank last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
China is crazy for crustaceans: The country imports more than $100M worth of them from the U.S. each year. But with the growing appetite and booming business has come cross-border receivables pain. In the latest X-Border Receivables Report, Stephanie Nadeau, owner of The Lobster Company,...
Ripple, the blockchain payments technology company, announced Wednesday (Feb. 14) that it has inked a deal with the Saudi Arabian Monetary Authority (SAMA), enabling banks in the Kingdom of Saudi Arabia to work with its cross-border payments technology. Get the Full Story Complete the form...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Investors worldwide got quite a scare from India’s Punjab National Bank (PNB) with the announced discovery of $1.8 billion in fraudulent activity at one of its branches, according to Reuters reports. The bank said in a statement that “a few select account holders” appear to have...
UAE Exchange, one of the largest payment providers in the Middle East, announced that it has signed a deal with Ripple to join its blockchain for cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Winter Olympics are in full swing in Pyeongchang, South Korea. Opening ceremonies took place Friday night, local time (early Friday morning for the U.S.) as athletes and spectators from 92 nations came together to kick off the two-and-a-half-week Games. Events will continue through Feb....
Two proposed bills that would keep China from obtaining sophisticated U.S. technology might be revised after complaints from major American companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
