China: WeiyangX Fintech Review by Xu Gao

Comprehensive Malware Used to Target Israeli Fintechs Writing Forex and Crypto Trading Software

A comprehensive malware called “CardinalRAT” has been used to target two Israeli Fintech companies, “who write software relating to forex and cryptocurrency trading,” cybersecurity firm Palo Alto Network writes. Attackers appear to be motivated by financial gain. Once installed, CardinalRAT malware allows attackers to: Collect victim information  Update… Read More

European Payment Processor Borgun Announces Partnership With Fintech & Insurtech Novae

Borgun, a European payment processor and merchant acquirer, announced earlier this week it has signed an agreement with the fintech and insurtech company novae to support its digital transformation. Borgun reported that it and novae are aiming to co-create solutions in a digital capability framework… Read More

Fintech Yosemite X Provides 0% Transaction Fee Credit Card Using Blockchain

Yosemite X has launched the “Yosemite Card” – a 0% transaction fee credit card targeting the traditional credit card industry. The company utilizes blockchain to cut “unnecessary fees imposed by banks and other credit card industry players like Visa and Mastercard.” As part of the… Read More

Avaloq Reports 12 Financial Institutions Have Signed Up With PSD2 Solution

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced on Thursday that 12 financial institutions have signed up with its second Payment Services Directive (PSD2) solution. Avaloq reported that it launched the service at the end of last year… Read More

Fintech Marqeta Raises $250 Million in Series E Funding Round, Valued at $2 Billion

Payments Fintech Marqeta has just raised $250 million in a Series E funding round that reportedly valued the firm at around $2 billion. It was reported that hedge-fund firm Coatue Management LLC led the investment round. Omri Dahan,  Chief Revenue Officer of Marqeta, recently told… Read More

First Data Acquires Operator of YesCash & Cash4Less – ayCash

First Data (NYSE:FDC), has acquired ayCash, a Germany-based provider of cashless payment terminals and digital merchant services. A First Data representative said ayCash has a growing client base, serving the increased demand for cashless technology in Germany and the region. Founded in 2008 by Hans… Read More

SE Asian Fintech Akulaku Set to Acquire Indonesian Lending Bank Yudha Bhakti For Rp 158 Billion

Akulaku, a SE Asia-based fintech, is reportedly set to acquire Indonesian lending bank Yudha Bhakti for Rp 158 Billion ($11 million). Founded in 2016, Akulaku is a fintech company that is focused on providing financial services to the underserved. The company has established offices in five countries/regions,… Read More

JP Morgan Head of eCommerce Sees Little Threat from “Payments Disruptors”

JP Morgan’s Global Head of eCommerce Solutions, Ron Karpovich, has told CNBC that there is, “more partnership instead of competition,” in payments and that, “Ultimately behind the scenes, (payments disruptors) are going to have to use a bank to move funds.” He also seemed to dismiss… Read More

Worldpay Named First Acquirer to Enable Amazon Pay

Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Wednesday it has been named the first acquirer that enabling Amazon Pay for its merchants. According to WorldPay, merchants who now accept payments in the U.S. may utilize Amazon Pay to provide what it calls an… Read More

Fast Growing Payments Platform InstaReM Partners with First Data

Singapore based Fintech InstaReM has announced a partnership with First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions. The new partnership will combine InstaReM’s digital payments and remittance solution with First Data’s debit processing solution. InstaReM said that by leveraging First Data’s… Read More

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