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ZilBank Streamlines Opening US Accounts for Mexican Companies
ZilBank Streamlines Opening US Accounts for Mexican Companies
December 07, 2023  |  Cross Border Commerce

B2B banking platform ZilBank has launched a new feature that makes it easier for Mexican businesses, entrepreneurs and freelancers to pay U.S. vendors, affiliates, employees...

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Venmo No Longer Accepted on Amazon in January
Venmo No Longer Accepted on Amazon in January
December 07, 2023  |  Amazon Payments

Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks. “Due to recent changes, Venmo can no longer be added as a payment method,” Venmo said...

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Paytm Stock Drops 20% After Downgrade for Scaling Back Loan Sizes
Paytm Stock Drops 20% After Downgrade for Scaling Back Loan Sizes
December 07, 2023  |  Loans

 Paytm’s stock hit a two-year low Thursday (Dec. 7) after it changed its small-ticket loan policy and brokers downgraded its stock.  The Indian FinTech had announced earlier...

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Trucking FinTech Solvento Secures $50 Million Debt Facility, Launches AP Automation
Trucking FinTech Solvento Secures $50 Million Debt Facility, Launches AP Automation
December 07, 2023  |  Investments

Solvento has secured a $50 million debt facility and equity to further develop and expand the use of its payment and credit infrastructure for Latin...

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Europe’s AI Legislation Exempts Open-Source Models
Europe’s AI Legislation Exempts Open-Source Models
December 07, 2023  |  artificial intelligence

Europe’s new AI legislation could reportedly go easy on open-source artificial intelligence models. Lawmakers in Europe were still hammering out the details of the landmark AI Act...

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3,200 VC-Backed Companies Go Under in ‘Difficult Year’ for Startups
3,200 VC-Backed Companies Go Under in ‘Difficult Year’ for Startups
December 07, 2023  |  Startups

Investors in America’s tech startup sector are bracing for a collapse. That’s according to a report Thursday (Dec. 7) by the New York Times (NYT)...

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OCC Says Banks Must Take ‘Safe and Sound’ Approach to BNPL
OCC Says Banks Must Take ‘Safe and Sound’ Approach to BNPL
December 06, 2023  |  Buy Now Pay Later

The Office of the Comptroller of the Currency (OCC) has issued a guidance to national banks and federal savings associations addressing buy now, pay later (BNPL) lending. “The OCC...

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Banxico Says Mexico’s Financial System Remains Resilient
Banxico Says Mexico’s Financial System Remains Resilient
December 06, 2023  |  Banking

Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In...

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Mastercard and Samsung Partner on Digital Wallet Program
Mastercard and Samsung Partner on Digital Wallet Program
December 06, 2023  |  Mobile Wallets

Mastercard and Samsung Electronics have partnered on a new program called Wallet Express in the United Kingdom. This collaboration aims to provide banks and card issuers with an efficient way...

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