Credit Suisse considers aggressive job cuts
Swiss lender weighs laying off thousands of employees globally to reduce its overall cost base by an additional $1 billion
News - page 226
Hackers stole $2B in crypto from cross-chain bridges this year: Chainalysis report discovers top security risks
Attacks on cross-chain bridge protocols account for 69% of total crypto funds stolen this year
American Express launches cross-border payments solution for American SMBs
American Express is launching a new Global Pay digital solution that will enable US small businesses to make domestic and international B2B payments
UK tops card fraud rating in Europe
The UK has become European card fraud capital
Over 160,000 stores globally will support contactless mobile self-scan shopping by 2027
Mobile self-scan is on the rise
NFT market still strong: crypto users spent $2.7B minting NFTs in first half of 2022
Over 1 million unique wallet addresses were involved in the minting process, spending an aggregate value of $2.7 billion in the first six months of 2022
TikTok to eclipse Facebook in influencer marketing spend this year, YouTube by 2024
While Instagram is the leader in attracting the influencer marketing dollars, TikTok will outshine both Facebook and YouTube in the nearest future
Robinhood in trouble: $30 million fine and major layoff
Robinhood Crypto is fined for anti-money laundering, cybersecurity and consumer protection violations, lays off 23% of its staff as retail investors lose enthusiasm
Tech giants should share telecom network costs: France, Italy and Spain urge
France, Italy and Spain are urging legislation that ensures Big Tech firms partly finance telecom infrastructure in EU
Uber’s earnings are better than ever, shares surge
Uber reported positive quarterly cash flow for the first time ever and forecast operating profit above analyst estimates in Q3
Another crypto pyramid is about to fall: SEC charges 11 individuals over $300 million Ponzi scheme
The Securities and Exchange Commission (SEC) alleges crypto platform Forsage is a fraud
Over 60% of Global Population Will Use Digital Wallets by 2026: Juniper Research
Digital wallet users will exceed 5.2 billion globally by 2026, as digitisation accelerates the cashless transition
Big banks get fined over customer ID and opening fake accounts
SEC and CFPB charged leading US banking institutions over deficient customer identity programs and opening unauthorized accounts
Alibaba-backed EV brand offers drive-to-earn Metaverse experience
IM Motors funded by Alibaba introduces drive-to-earn reward program in IM Valey Metaverse
Akurateco starts free Fintech Meetings season
White-label software provider Akurateco announced the start of the free demo season of Fintech Meetings on the 26th of July, 2022
Neobanks at crossroads: decreased funding and valuations demand strategic changes
After generous investments in 2021, investors are looking for a return, yet neobanks need to shift their focus to achieve profitability
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