A hacker group says the Industrial and Commercial Bank of China (ICBC) paid a ransom following an attack last week. The bank, which is China’s largest lender, disconnected itself from an electronic settlement platform for the U.S. Treasury securities operated by BNY Mellon after a ransomware attack...
Payments network Klarna has expanded its ad and marketing tools for creators and retailers. The new offerings, announced Monday (Nov. 13), include new versions of the company’s Ad Manager and Creator Shops. “Building on our suite of marketing and ad solutions for retailers, Klarna’s Creator Shops and Ads...
Uber is adding several features related to safety, navigation and earning to its app for drivers. “Today we’re announcing improvements to the Uber Driver app, while also making earning on Uber safer and fairer,” Uber CEO Dara Khosrowshahi said in a Monday (Nov. 13) blog...
Global small business platform Xero has launched two new payments features aimed at assisting U.K. small businesses in managing their cash flow more effectively. These features, backed by the latest financial technologies, include a bill payments tool and eInvoicing, Xero said in a Monday (Nov. 13) press release. ...
New York-based venture capital (VC) firm Interplay has reportedly closed its third fund, raising $45 million in capital commitments. The firm specializes in investing at the Series A stage and focuses primarily on software companies, including B2B marketplaces and vertical software, TechCrunch reported Monday (Nov....
American retailers could be saddled with a glut of inventory for the holiday shopping season. With that in mind, chains could see their profit margins threatened at this crucial moment, with many stores offering high discounts, Reuters reported Monday (Nov. 13). The report cited an analysis by...
A hacker reportedly stole $27 million in cryptocurrency from a Binance-connected wallet. The stolen tether funds were converted to ether before being transferred to other exchanges and bridges to bitcoin through the THORChain bridge, CoinDesk reported Monday (Nov. 13). The victim’s wallet had received ether...
Last century, space was widely considered to be the final frontier. Now, the boundaries of human consciousness and the limits of our intellectual capability are widely viewed to be the richest liminal areas to plumb. OpenAI CEO Sam Altman is hoping to continue working with...
The third quarter is newly in the rearview mirror. Earnings season still rolls on. The FinTech IPO Index, which chronicles the stock market performance of nearly four dozen names that seek to disrupt and foment innovation in everything from mortgage lending to buy now, pay later...
