National Australia Bank is blocking some cryptocurrency payments amid a nationwide wave of crypto scams. The bank (NAB) on Monday (July 17) announced it was introducing new customer protections by prohibiting some payments made to “high-risk” exchanges. According to a bank news release, nearly half of all scams...
Regional banks are set to report earnings this week, and the news may not be good. As Bloomberg News noted in a report Monday, some of these smaller lenders have already warned that revenues could be down, but recent earnings reports from larger banks have spotlighted the pressures facing...
German FinTech Raisin is reportedly banking on a shift among lenders to alternative funding sources. The savings and investment platform anticipates that deposits for which it acts as a go-between will top $56 billion (50 billion euros) this year, up from $48 billion (or 43...
When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Boring implies there have been no hiccups with the interplay between businesses and financial institutions (FIs). No surprises on the way to...
Twitter’s owner says the platform has yet to see a positive cash flow. In a Twitter conversation Saturday (July 15), Elon Musk said the company has seen an almost 50% drop in ad revenue that — coupled with its debt load — has left it...
Venture capital (VC) outfits are reportedly shrinking their megafunds after years of building them up. As The Wall Street Journal (WSJ) reported Sunday (July 16), these cuts illustrate the way tech investors are scaling back their goals even as tech stocks rebound in part because of...
As grocers look for the most effective digital coupon strategies, Albertsons is testing dynamic, shoppable ads with Facebook and Instagram. The grocer’s retail media network, Albertsons Media Collective, announced in a recent LinkedIn post that it is partnering with Meta and with mobile ad solutions...
Data tells a tale just as much as management commentary on analyst calls during earnings season. To that end, a slew of earnings materials from big banks Friday (July 14) showed that beyond the macro issues — war in Europe, inflation, the vagaries of interest...
Robinhood’s retirement accounts are diversifying its revenues and widening its customer base. That’s been the popular investing app’s experience in the months since it expanded its offerings with the launch of traditional and Roth individual retirement accounts, the Wall Street Journal (WSJ) reported Friday (July 14). The company...
