All content with RSS

CFTC Obtains $12.7 Billion Judgment Against FTX and Alameda

The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order of permanent injunction and other equitable relief against FTX Trading Ltd. and Alameda Research LLC (together, FTX) and ordered FTX to pay $12.7 billion in monetary relief to FTX customers and victims of FTX’s fraud.

Monday, August 12, 2024 - 12:00
61206
/news/regtech/cftc-obtains-127-billion-judgment-against-ftx-and-alameda
Financial IT
Santander and Amazon Launch Their New Credit Card Amazon Visa in Germany Which Rewards Customers for Purchases at No Annual Fee

Amazon and Santander today announced a partnership to launch its new Amazon Visa credit card in Germany. The card has no annual fee and does not require customers to open a new bank account. Amazon Visa enables customers to earn rewards while shopping on and off Amazon.de, which can be redeemed for purchases on Amazon.de.

Monday, August 12, 2024 - 11:55
61205
/news/credit-cards/santander-and-amazon-launch-their-new-credit-card-amazon-visa-germany-which
Financial IT
Amazon and Barclays Launch New Co-Branded Credit Card That Gives Users Rewards on Everyday Spending

Amazon and Barclays, one of the UK’s largest credit card providers, announce a new partnership to launch a co-branded credit card in the UK. The new card enables customers to earn rewards on everyday spending*, which can be redeemed for gift cards on Amazon.co.uk.

Monday, August 12, 2024 - 11:50
61204
/news/credit-cards/amazon-and-barclays-launch-new-co-branded-credit-card-gives-users-rewards-everyday
Financial IT
Walnut Insurance Secures $4.6M To Transform Insurance Distribution With Embedded Technology

Walnut, an innovative force in the insurance distribution industry, today announced the successful close of its latest funding round, securing $4.6M. The investment will be used to expand Walnut's groundbreaking embedded insurance technology platform for insurers, brokers and enterprise businesses looking to participate in the future of insurance distribution.

Monday, August 12, 2024 - 10:13
61181
/news/fundraising-news/walnut-insurance-secures-46m-transform-insurance-distribution-embedded
Financial IT
Thunes Hits Major Growth Milestones as Network Expansion Accelerates

Thunes, the Smart Superhighway for money movement around the world, today announces it has hit major growth milestones, exceeding $100m run-rate Revenue whilst remaining firmly on course to reach EBITDA break-even by year-end.

Monday, August 12, 2024 - 09:59
61203
/news/payments/thunes-hits-major-growth-milestones-network-expansion-accelerates
Financial IT
The Role of Request to Pay Solutions in Mitigating APP Fraud

Authorised Push Payment (APP) fraud has become a huge concern for consumers and fintechs across the UK - with recent data revealing that losses from APP fraud will reach $6.8 billion by 2027 alone. In response to this, UK regulators proposed a four day hold on payments where fraud is suspected - a decision that will inevitably stifle innovation and stall business operations.

Monday, August 12, 2024 - 09:33
61202
/blog/appfraud-fraudmitigation/role-request-pay-solutions-mitigating-app-fraud
Financial IT
FullCircl and LSEG Risk Intelligence Join Forces to Tackle Global Identity Fraud Challenge

FullCircl, a UK-based RegTech which is uniquely placed at the intersection where revenue meets regulation, has announced a new partnership with LSEG Risk Intelligence.  The partnership provides instant access to a broad global collection of information providers supporting document verification, biometric checks and third-party data validation, helping regulated businesses reduce identity fraud whilst delivering a superior customer experience.

Monday, August 12, 2024 - 09:22
61201
/news/compliance/fullcircl-and-lseg-risk-intelligence-join-forces-tackle-global-identity-fraud
Financial IT
Ticombo Selects Mangopay to Transform the Ticket-Selling Experience

Ticombo®, the international ticket marketplace, has announced a new partnership with Mangopay, a modular and flexible payment infrastructure provider for platforms, to transform the ticket selling and buying experience.  

Monday, August 12, 2024 - 09:18
61200
/news/payments/ticombo-selects-mangopay-transform-ticket-selling-experience
Financial IT
iBanFirst and SeedBlink Join Forces for Faster, Cost-Effective European Investments

iBanFirst, a leading global provider of foreign exchange and international payments for businesses, announces an innovative partnership with SeedBlink, , Europe's all-in-one equity and investment platform. The collaboration between the two European Fintechs introduces a bespoke solution for fundraising startups and their private investors, ensuring faster onboarding and access to preferential FX rates.

Monday, August 12, 2024 - 09:15
61199
/news/investment/ibanfirst-and-seedblink-join-forces-faster-cost-effective-european-investments
Financial IT
Visa Data Shows Boost in Tourism in France as the Olympic Games Paris 2024 Comes to a Close

 As the Olympic Games Paris 2024 ended with the Closing Ceremony yesterday, Visa, the Official Payment Technology Partner of the Olympic and Paralympic Games, issued further data revealing the positive impact of Paris 2024 on tourism and spending in France. Not only did Paris attract 42% more Visa cardholders in the first week of the Olympic Games than in the same period in 2023, but other cities hosting Olympic Games events also saw significant increases in visitors and spending, especially among fans who attended the competitions.

Monday, August 12, 2024 - 09:06
61198
/news/payments/visa-data-shows-boost-tourism-france-olympic-games-paris-2024-comes-close
Financial IT

Pages