The U.S. Attorney’s Office for the Southern District of New York is reportedly investigating the collapse of cryptocurrency exchange FTX as well as the firm’s handling of its customers’ funds. The prosecutors at this office of the U.S. Department of Justice (DOJ) have joined officials...
American Express has teamed with TikTok for the “#ShopSmall Accelerator,” a program designed to help small businesses reach Gen Z shoppers. According to a Monday (Nov. 14) news release, the partnership coincides with “Small Business Saturday,” the AmEx-sponsored holiday that follows Black Friday. Beginning Monday,...
British retail giant Sainsbury’s is partnering with FinTech Checkout.com to bring till-free payments to its stores. In a Monday (Nov. 14) press release, Checkout.com said that the two firms would embark on a “long-term innovation partnership,” beginning with the development of a new smartphone-enabled checkout app...
Chongqing Ant Consumer Finance — the consumer finance unit of China-based Ant Group — is reportedly planning to raise the equivalent of $1.5 billion in new capital to help it make loans. That target is lower than the previously reported plans to raise more than...
Nigerians living in the U.K., — approximately 178,000 as of last year per the Office for National Statistics — have consistently ranked among the top 10 migrant communities in the country, making them an attractive customer base for firms operating in the competitive U.K.-Nigeria remittance...
Money transfer firm MoneyGram has teamed with Bahrain’s Beyon Money for a collaboration that lets Beyon users send money to more than 200 countries in near real time. “The Beyon Money super app enables consumers in Bahrain to connect to local bank accounts to review...
B2B travel payments are getting a facelift with Amadeus’ new spinoff platform Outpayce. The travel tech company is turning its current B2B payments business into its own platform to expand Amadeus’ travel payments business line, according to a Monday (Nov. 14) press release. Amadeus has...
Italian bank Intesa Sanpaolo has reportedly announced it will sell its stake in the Italian payments firm Nexi while continuing its strategic relationship with the company. The bank’s stake is equal to 5.1% of the payments firm’s capital, a share that has diminished from a...
FinTech Staack has launched a crowdfunding campaign to help it build a solution that will provide digital payments and access to business financing to cannabis businesses. The solution is being built by co-founders and brothers Alexander Harowicz, who worked in private equity, and Adam Harowicz,...
