Banking

Apple Announces Buy Now Pay Later, Among iOS 16 Plans

Apple is planning a buy now pay later (BNPL) service as part of its new operating system, iOS 16. Apple Pay Later will allow users...

Revolut’s Banking App Fixed After Outages

Revolut's global banking app is operating again after "technical problems" caused several hours of interruptions for some customers. Users of the app took to Twitter...

Indonesian Crypto Trading App Pintu Scores $113M Series B

Last year saw a huge funding boom for Southeast Asian consumer investment apps and if Pintu’s funding announcement today is anything to go by,...

Why The Central African Republic Adopted Bitcoin

The Central African Republic's decision to adopt Bitcoin as legal tender came as a surprise to many, but the government argues that it will...

Ukraine Lifts Interest Rate To Highest In Europe

Ukraine's central bank has more than doubled its interest rate to 25% the highest level for any European country. The move is intended to slow...

Chip Shortage Drives Up Payment Card Costs

Industry analysts say that payment cards are getting increasingly expensive as banks and other card issuers face shortages of computer chips. An analysis published by...

USAA Loses Round in Mitek Mobile-Banking Patent Fight

USAA previously won over $300 million from Mitek customer Wells Fargo.

Credit Suisse’s Legal Headaches Cost The Bank Another $700 Million

Credit Suisse (CSGKF) expects to report a first-quarter loss after increasing legal provisions, seeing business activity slow, and taking a hit from the fallout...

Neobank Fi Finalizing Funding At $700M Valuation

Indian neobank Fi is in the advanced stages of talks to raise about $100 million at a $700 million valuation. Alpha Wave Global, formerly known...

Australia’s Central Bank, No Longer ‘Patient’, Opens Door to Tightening

Markets took the change as a step toward an eventual tightening and sent the local dollar up 0.9% to a nine-month high.

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