Mastercard says the acquisition will boost its fraud prevention, real-time decisioning and cybersecurity services in the payments ecosystem and beyond. Boston-based Recorded Future claims to be the world’s largest threat intelligence company, with more than 1900 clients across 75 countries, including the governments of 45 countries and over 50% of the Fortune 100. The firm […]
Fintech
Google PaLM 2 AI model under scrutiny by Irish watchdog Data Protection Commission
The DPC has launched an enquiry into whether Google Ireland Limited complied with regulations ahead of Cross-Border processing personal data of EU or EEA data subjects when developing its foundational AI model, Pathways Language Model 2 (PaLM 2). Before individual data is leveraged, organisations must complete a Data Protection Impact Assessment (DPIA) to ensure that […]
EToro USA to stop offering trading in most crypto following SEC settlement
The SEC charged eToro with operating an unregistered broker and clearing agency in connection with its trading platform that facilitated buying and selling certain crypto assets as securities. The firm has now agreed to that the only crypto assets that US customers can trade on the company’s platform will be Bitcoin, Bitcoin Cash, and Ether. […]
Behind the Screens: How Threat Intelligence Keeps Digital Payments Secure
It is, by this point in human history, an undoubtedly digital world. And in the contemporary age, where commerce increasingly happens online and payment systems have become more intertwined with complex technologies, the importance of cybersecurity — and beyond just that, widening the aperture on threat intelligence — has never been more critical. The news Thursday (Sept. […]
Tech Tracker: Digital payment solutions become table stakes for restaurants
As AI-powered drive-thru lanes and automated back of house operations continue to dominate conversations about hot restaurant technologies, operators should remember to take care of the basics too. This month, GoTab and Ansa both announced new digital payment solutions that give operators options for purchasing hardware-free iOS payment capabilities and digital wallets that allow customers […]
Revolut’s Storonsky sells $300 million in company stock
In June 2024, Revolut was in talks with Morgan Stanley to sell $500 million in shares, and hit a valuation of $40 billion. Last month, Storonsky sold 40-60% of Revolut stock in a secondary share sale, which was worth between $200 and $300 million. The secondary sale of staff shares led by D1 Capital Partners, […]
85% Of Gen Z Prefers Digital Payments to Cash
The financial sector is at a pivotal moment, driven by a shift in consumer preferences and technological advancements. A PYMNTS Intelligence report “Tapping Into the Future of Payments” explored how the rise of digital payments, especially among younger generations, is transforming the traditional banking landscape, presenting both opportunities and challenges for financial institutions and payment providers. Digital Wallets: The New Norm for Millennials and Gen […]
Illinois DMVs now accept digital wallet payments
DMVs throughout Illinois are now accepting “digital wallet” payments via Apple Pay, Google Pay, and Samsung Pay. “Allowing for digital wallet payments like Apple, Google and Samsung Pay reinforces our steadfast commitment to improving the customer experience at the DMV by leveraging new technology,” Secretary of State Alexi Giannoulias said. “Adopting digital wallets increases the […]
U.S. Bank rolls out access to Paze digital wallet
Tuesday was the first day U.S. Bank customers could use the Paze services through their debit cards, a bank spokesperson said in an email. “Making an online purchase without entering card data and trusting that the payment will process quickly is what clients expect, and what is delivered with Paze,” the bank said in a […]
The Fintech Power 50 Calls for Nominations for Innovative Fintechs
Nominations are now open for The Fintech Power 50 2025, the annual guide showcasing the most influential and innovative companies, along with visionary leaders shaping the future of the fintech industry. Now in its sixth year, the exclusive annual programme recognises 40 trailblazing companies and 10 of the world’s leading fintech influencers. In doing so, the Fintech […]