News

Artificial Intelligence
AI Recreates The Concept Of Creditworthiness In LATAM
June 11, 2021

It’s been a while since cash was king here in the U.S., but in other parts of the world, such as South America, paper money has managed to retain its grip, albeit slightly diminished as a result of the pandemic’s many lifestyle changes that exposed...

Security & Fraud
Payments Orchestration Key To Fraud-Proofing Global Platforms
June 11, 2021

The landscape has been changing for payments fraud thus far in 2021, and that change will continue. 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...

Digital Banking
Galileo CTO: Banks Need Shortcut To Cloud APIs To Power Next-Gen Financial Services
June 11, 2021

Not so long ago, legacy core systems operated on-premise were a point of pride, and were often at the heart of the mainstream financial businesses that operated them. Increased expectations and evolving customer needs, however, are forcing financial businesses to move beyond legacy core systems....

Investments
Real Estate Startup Flyhomes Nets $150 Million For US Expansion
June 10, 2021

Flyhomes, which works in real estate, has completed a Series C funding round with $150 million, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
Strong Stock Market, Savings Boost Global Financial Wealth To Record $250 Trillion In 2020
June 10, 2021

The pandemic didn’t hamper the rise of global wealth, a new report by Boston Consulting Group (BCG) found, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Mexican Digital Payment Platform Clip Raises $250 Million
June 10, 2021

Payments FinTech Clip, based in Mexico, has received $250 million from the SoftBank Latin America Fund as well as Viking Global Investors, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Federal Judge Orders 2012 Charge Against MoneyGram To Be Tossed
June 10, 2021

MoneyGram has had its anti-money laundering charges dismissed, according to a Wall Street Journal (WSJ) report on Thursday (June 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Visa, Airwallex Debut B2B X-Border Virtual Card In Hong Kong
June 10, 2021

Airwallex, a financial technology firm that focuses on cross-border commerce, and Visa have debuted the Airwallex Borderless Card for firms in Hong Kong, according to a Thursday (June 10) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Wray: Companies Should Not Pay Ransoms In Cyberattacks
June 10, 2021

FBI Director Christopher Wray said companies and organizations that are the victims of ransomware attacks should contact law enforcement quickly instead of paying to unlock their systems, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...