Category: Markets

Klarna Sells Checkout Solution For $520 Million To Resolve Processor Disputes

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Klarna has sold its online payment service, Klarna Checkout (KCO), for $520 million to a group of investors led by Kamjar Hajabdolahi, BLQ Invest’s Chief Executive Officer and founding partner. Klarna announced in… Continue reading Klarna Sells Checkout Solution For $520 Million To Resolve Processor Disputes

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Cysec Warns Investors About 17 Investment Firms, Including Bitget

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The Cyprus Securities and Exchange Commission (CySEC) has warned against 17 investment companies, and Bitget is among the firms that received a warning from the CySEC. On June 21st, the regulator advised investors… Continue reading Cysec Warns Investors About 17 Investment Firms, Including Bitget

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FX and Crypto Sectors Show Strength as Ransomware Attacks Increase by Over 70%

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. In 2023, the report from ZScaler’s State Ransomware revealed that the ransomware attacks have surged 70% compared to the previous year. The payouts exceeded one billion USD, and the demanded ransoms averaged between… Continue reading FX and Crypto Sectors Show Strength as Ransomware Attacks Increase by Over 70%

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China Advocates Fee Cuts For Mastercard And Visa Transactions

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. China is urging Mastercard Inc. and Visa Inc. to decrease their fees for bank card transactions in the country, as per a source who knows about the situation. This action is part of… Continue reading China Advocates Fee Cuts For Mastercard And Visa Transactions

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CLS Group Sets Record With $19.1 Trillion FX Payments

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Forex market infrastructure entity CLS Group has reached a significant milestone. Last week, the company processed $19.1 trillion of foreign exchange (forex) payments. This new record broke the old $16.3 trillion recorded in… Continue reading CLS Group Sets Record With $19.1 Trillion FX Payments

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Scandinavian Airlines Teams Up With Danish Neobank Lunar to Launch a Debit Card

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Scandinavian Airlines (SAS) and Lunar, a Danish neobank, recently launched a joint debit card for the airline’s users. The card will allow passengers to gain and use EuroBonus points, which can be used… Continue reading Scandinavian Airlines Teams Up With Danish Neobank Lunar to Launch a Debit Card

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David Birch Says Digital Money, Assets, and Identity Are the Future of Banking

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Wednesday, June 18, saw the start of EBAday 2024 in Lisbon — the annual summit for leading payments and transaction banking executives. During the first day of the summit, David Birch, an author,… Continue reading David Birch Says Digital Money, Assets, and Identity Are the Future of Banking

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Swiss Financial Watchdog FINMA Opens Bankruptcy Proceedings Against Challenger Bank FlowBank

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The Financial Market Supervisory Authority (FINMA), the regulatory authority of Switzerland, recently opened bankruptcy proceedings against FlowBank — a challenger bank in the investment banking space. According to the regulator, FlowBank saw serious,… Continue reading Swiss Financial Watchdog FINMA Opens Bankruptcy Proceedings Against Challenger Bank FlowBank

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Fiserv Adds Former JPMorgan Payments Leader Georgakopoulos to Team

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Fiserv, Inc., a top company providing payment and financial services technology, shared that Takis Georgakopoulos will become a Senior Advisor and Executive Vice President. He will also become a member of the Management… Continue reading Fiserv Adds Former JPMorgan Payments Leader Georgakopoulos to Team

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Global Corporate Payments Firm Corpay Expands to New Zealand With a New Office in Auckland

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Corpay, a corporate payments company with a global reach, recently announced the launch of its new office in Auckland, New Zealand. The new office will help the firm establish a foothold in the… Continue reading Global Corporate Payments Firm Corpay Expands to New Zealand With a New Office in Auckland

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