Financial firms — including banks and trading houses — are becoming increasingly victimized in attacks where hackers aim to use their computer systems to mine cryptocurrencies. These so-called “cryptojacking” attacks on financial companies more than tripled in the first half of 2022 compared to the...
Today in B2B payments, CFOs are looking to harness the real power of blockchain, while Balance raises $56 million for online global trade with B2B eCommerce checkout. Plus, Vendasta brings its SMB software expertise to BigCommerce partnership, cultural fit matters when finding a B2B payments...
End-to-end FinTech and RegTech solutions provider Computer Services Inc (CSI) is teaming up with Bankers Helping Bankers to help drive technology solutions at community financial institutions (FIs). Bankers Helping Bankers was established in late 2021 by U.S. and FinTech data solutions firm FedFis and the Independent Bankers Association of Texas (IBAT). The organization...
The main sponsor of a law that would protect banks that do business with cannabis companies from the penalties of federal regulators said there’s new hope for the bill. As Seeking Alpha reported Tuesday, Rep. Ed Perlmutter (D-Colo.), who has for years championed the SAFE...
French luxury retailer LVMH on Tuesday (July 26) reported 21% organic sales growth in the first half of 2022, despite rising concerns about increasing inflation and slowing sales in China, according to a Tuesday (July 26) press release. Sales across the LVMH platform of brands...
The South African banking regulator has warned that the country’s banking industry is at risk of becoming ensnared in money laundering and terrorist financing activity. In a report issued Tuesday (July 26), the Prudential Authority of the South African Reserve Bank said the country’s five...
Chinese tech giant Alibaba’s global expansion plans — and efforts to rival Amazon by adding more U.S. businesses to its eCommerce platform — are on hold as the company has struggled to meet its goals, according to a Financial Times report Tuesday (July 26). Alibaba...
B2B marketplace and eCommerce payments platform Balance announced a $56 million Series B fundraising round Tuesday (July 26), bringing the company’s total funding to $87 million. Forerunner Ventures led Balance’s funding effort, according to the press release, with support from Salesforce Ventures, Hubspot Ventures, Lyra...
The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The CFPB announced the penalty Tuesday (July 26), saying it was its largest ever Fair Credit Reporting Act (FCRA) case against...
