News

Security & Fraud
Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
May 15, 2019

The appeal of an investor who campaigns against corruption in the banking industry was rejected by Sweden on Wednesday (May 15), according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Delivery
Whole Foods And Instacart Officially Call It Quits
May 15, 2019

In a move that’s been anticipated since 2017 when Amazon acquired Whole Foods, the grocer and delivery firm Instacart have parted ways, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
OCC Will Vet Wells Fargo’s Next CEO
May 15, 2019

The U.S. Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo as the scandal-plagued bank’s new CEO, according to a report by Reuters. Get the Full Story Complete the form to...

Global Payments
Wegagen Bank Teams With WorldRemit; Hatton National Bank Unveils eWallet
May 15, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Wegagen Bank’s tie-up with WorldRemit for a digital money transfer service for Ethiopia. Hatton National Bank PLC unveiled the rollout of HNB Solo in Sri Lanka, personal remittances from overseas...

Security & Fraud
Microsoft Says Computer Bug Could Be Exploited By Malware
May 15, 2019

Microsoft has warned that a patched computer bug affecting some of the older versions of Windows could be used as a weapon in the vein of the WannaCry worm, which infected countless computers with ransomware, according to a report by The Wall Street Journal.  Get...

Partnerships / Acquisitions
HKMA, BOT Team On FinTech Initiatives
May 15, 2019

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced on Wednesday (May 15) that they have inked a deal to collaborate to promote financial innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Grofers Raises $200M In SoftBank-Led Round
May 15, 2019

Grofers, the Indian online grocery startup, has raised more than $200 million in a new round of fundraising. 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...

Ridesharing
Ridehailing Startup Ola Launches Credit Card To Monetize User Base
May 15, 2019

Indian ride-hailing company Ola is getting into the credit card business, teaming up with SBI Bank in India and Visa to launch a credit card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fintech Investments
KOHO FinTech Raises $42M To Fund Growth
May 15, 2019

KOHO, the Canadian FinTech, announced on Wednesday (May 15) that is has closed a $42 million round of fundraising. In a press release, KOHO said the round was led by Portag3 Ventures and included participation from Greyhound Capital and other strategic investors. Get the Full...