News

Investments
Respond Software Closes $20M In Funding To Boost Operations
May 15, 2019

Respond Software announced that it has closed a $20 million Series B funding round, led by ClearSky Security, with participation from previous investors CRV and Foundation Capital. The company, which develops Robotic Decision Automation (RDA) software for security operations, will use the funds to boost...

Digital Banking
Is Social Banking the Key to FIs Capturing Gen Z?
May 15, 2019

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Security & Fraud
Japan’s Uniqlo Hacked, 460K Accounts Compromised
May 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. Get the Full Story Complete the form to unlock...

eCommerce
JD.com Continues To Automate Logistics With $55M Stake
May 14, 2019

JD.Com, the Chinese Amazon-like online marketplace, has invested further into its logistics network with a 376 million yuan (about $55 million) investment in Jiangsu Xinning Modern Logistics for a 10 percent stake, according to a report by TechCrunch. Get the Full Story Complete the form...

Investments
SoftBank Shares Slide Along With Ride-hailing Stocks
May 14, 2019

Shares in Japan’s SoftBank Group have been sliding for three straight days, and closed 5.4 percent lower on Tuesday (May 14), according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Global Payments
Sweden’s Anyfin Notches €8M; Oman Arab Bank Debuts NFC Rewards
May 14, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Sweden-based Anyfin’s €8 million extended Series A funding round. Denmark’s Pleo has announced a $56 million Series B financing round led by Stripes, the number of merchants that accept Alipay...

Investments
Business Expense Card Co Pleo Raises $56M
May 14, 2019

Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Danish Prosecutors Charge Another Former Danske Banker, Bringing Total To Nine
May 14, 2019

Prosecutors in Denmark have filed preliminary charges against another former executive of Danske Bank in relation to one of the biggest money-laundering scandals in the world, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy...

Payment Methods
Amadeus Teams With Elavon, Mastercard For Flight Payments
May 14, 2019

Amadeus, the travel technology solutions company, announced on Tuesday (May 14) that it has teamed up with Elavon and Mastercard to facilitate payments for Thai Airways. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...