The $190 million hack of Nomad, a cross-chain bridge protocol used to make transactions between different blockchains is unusual in one regard. The theft on Monday (Aug. 1) theft wasn’t carried out by one bad actor — but apparently by hundreds who were simply able...
Consumers have a variety of reasons for obtaining credit cards from their primary banks or other issuers, according to “Bundled Banking Products,” a PYMNTS and Amount collaboration based on a survey of 2,290 U.S. consumers. Get the report: Bundled Banking Products The top three reasons...
As delivery firms compete for consumers’ dollars, leading players are leveraging their subscription and membership programs to become one-stop shops for restaurant orders. Uber, for its part, is seeing nearly a third of its delivery orders coming from members of its paid Uber One membership...
Egypt-based eCommerce platform Homzmart has closed a Pre-Series B round of $23 million. The round included participation from STV, Impact46, Outliers Ventures, Rise Capital and NUWA Capital, according to a Tuesday (Aug. 2) report from Magnitt. Homzmart is a home- and furniture-focused online retailer that...
Parafin, a FinTech launched by veterans of Robinhood Markets, has raised $60 million in a new financing round. As Bloomberg News reported Tuesday (Aug. 2), the round — the company’s third — was led by GIC Pte, Singapore’s sovereign wealth fund, along with existing investors...
The New York State Department of Financial Services (NYDFS) has fined the cryptocurrency trading unit of online brokerage Robinhood $30 million for alleged violations of anti-money laundering (AML) and cybersecurity regulations, The Wall Street Journal (WSJ) reported Tuesday (Aug. 2). The New York State financial...
American Express has launched Global Pay, a digital solution the company said will let U.S. businesses make secure domestic and international B2B payments. “Through this new digital solution, business customers can send payments funded from their business bank account to their suppliers in more than...
Savana, a financial software startup for banks and FinTechs, has raised $45 million in Series A funding round, according to a Tuesday (Aug. 2) press release. It will use the capital to drive the growth of its core digital delivery platform and accelerate the development...
With a portfolio of more than 230 properties spread across 37 states and three continents, Indianapolis-based Simon Property Group’s purview of — and exposure to — the global retail industry is second to none. But while most consumers and businesses are currently frightened by a...
