African Countries Hit Hard by Scams, Digitalization to Blame
South Africa, Egypt, Nigeria, and Kenya top the list of African countries with highest scam losses, digitalization and new payment methods to blame.
Fintech
Finastra Investigates Data Breach After Hacker Claims Compromise
Finastra, a London-based fintech giant, confirms data breach after hacker claims to have stolen 400GB of data from its internal file-transfer platform.
Fintech Roundup: PayPal, Klarna, and Kintsugi Make Headlines
PayPal launches group payment feature, Klarna files for IPO, and Kintsugi doubles valuation in less than a year
SASSA Announces December 2024 Payment Dates for Social Grants
SASSA releases December 2024 payment schedule for social grants, ensuring timely support for vulnerable groups during the festive season.
Stripe Eyes $1 Billion Acquisition of Stablecoin Platform Bridge
Stripe, the popular online payment platform, is reportedly in advanced talks to acquire Bridge, a stablecoin platform, for a staggering $1 billion
Kenya Set to Launch Instant Payment System, a Game-Changer for Financial Inclusion
Kenya's Central Bank is set to launch the Fast Payment System, a new instant payment system that will allow for seamless transactions across all financial institutions, promoting financial inclusion and economic growth.
Interface.ai Raises $30 Million to Democratize AI for Banks
Interface.ai raises $30 million to expand its customer automation platform for banks, democratizing access to AI technology for regional and community-based financial institutions.
SoLo Funds Hit with New Class Action Lawsuit Over Misleading Loan Practices
SoLo Funds, a fintech startup, is facing a new class action lawsuit over allegations of misleading loan practices, including hidden fees.
Upflow Shifts Gears: From Invoice Management to B2B Payment Platform
Upflow, a French startup, is expanding its focus from invoice management to become a comprehensive B2B payment platform, aiming to revolutionize the way businesses make and receive payments.