“And the rockets’ red glare, the bombs bursting in air” is proof as to why some municipalities are turning to drones and other tech for light shows, foregoing fireworks displays this Fourth of July. Take an unusually dry June across much of the U.S. and...
In today’s FinTech news, Aussie BNPL firm Openpay is pulling out of the U.S. while security technology provider Giesecke+Devrient acquires the payment and identity solutions business of Valid USA. Plus, the European Commission (EC) is closing a consultation on Tuesday (July 5) about open finance....
Today is Friday, July 1 and we’re halfway to kissing 2022 goodbye as the S&P 500 closes its worst first half since 1970 and copper — widely considered a barometer of the world economy — drops below $8,000 a ton, the lowest since 2021. U.S....
Gamers can afford to buy the top-of-the line graphics cards needed to play the most demanding titles like Cyberpunk 2077 and Far Cry 6 at their full potential. And crypto miners and graphics cards makers are not happy. Gamers and cryptocurrency miners were competing for...
In today’s FinTech news, GetVantage secures $36 million to grow its footprint in Southeast Asia, while Apple has to take a reduced commission in South Korea. Plus, debt collectors could be charging people illegal fees. GetVantage Raises $36M to Grow Revenue-Based Financing Biz Alternative revenue-based...
In today’s FinTech news, Aussie FinTech Airwallex is moving into New Zealand with its multi-currency digital wallets, while Aussie bank Volt hands back its license. Plus, Seattle resident Luke Hartsock dropped his class-action lawsuit against banking giant Wells Fargo and digital payments network Zelle. Airwallex...
Despite high mobile penetration across Africa, cash remains a preferred payment method for everyday transactions, with an estimated 95% of transactions in Nigeria, one of Africa’s biggest economies, being cash-based. For merchants receiving these cash payments, the lack of a digital collection system can make...
In today’s FinTech news, Marqeta is adding more than 40 application programming interfaces (APIs) to its dashboard, giving its clients the ability to develop and test individualized credit card experiences. Plus, hedge funds opening USDT short positions are causing further panic across crypto markets. Marqeta...
Today in TechREG, the European Banking Authority (EBA) recommended the adoption of a standard API across Europe to boost the adoption of open banking. Also, EU negotiators will continue discussing this week the scope of crypto regulation. Non-fungible tokens (NFTs) and anti-money laundering provisions may...