The hacker exploited a vulnerability in the firewall web application on the AWS servers and extracted crucial files from the Capital One directory.
Nubank plans to use this raised capital towards its global expansion as well as adding new services to its portfolio like personal and business loans.
The Apple Card, a high-profile credit card partnership between Goldman Sachs and Apple, is scheduled to launch in the first two weeks of August.
Mark Zuckerberg has made it clear that Facebook will not launch its Libra crypto until all the regulators have been brought on board and every regulatory issue resolved satisfactorily.
The way Libra is designed makes it hard for governments to see who’s paying whom, or to limit cross-border payments. Thus the People’s Bank of China (PBOC) has vowed to create a currency it can manage- likely one that will be linked to real identities.
The largest penalty of a whopping $5 billion levied against Facebook by FTC. A move will see Zuckerberg surrenders sole dominance over privacy decisions.
India’s Bengaluru-based fintech platform, Zeta, secured a Series C investment from Sodexo Benefits and Rewards (BRS) raising an undisclosed amount that pushed its valuation to $300 million.
TD Ameritrade CEO confirms REAL demand for Bitcoin, while the company braves up to integrate in-vehicle software platforms such as Amazon’s Echo Auto, Android Auto, and Apple CarPlay to customers trade stocks on their cars.
The DOJ says that the antitrust probe aims to monitor any unlawful activities carried out by the tech giants who especially happen to have a huge dominance on internet-based services.
Recent news show that a rival U.S. mobile bank called “MoneyLion” has raised $100 million in a new funding round, putting them near a “unicorn” valuation. This is meant to accelerate the company growth in the U.S. markets.
Atom Bank, one of the UK’s challenger banks, has secured a £50 million investment in a new funding round led by BBVA. Atom bank partnered with a fintech provider last year, to migrate its functions to blockchain platform – Vault.
Tinder is the latest app to join the growing revolt against the fees charged by app stores, with the launch of a new payment process that bypasses the Google Play Store. Google used to take 30 percent cut.
International Crypto payment firm Circle recently announced that Users on its affiliate exchange company Poloniex can now gain access to the exchange by means of the corporation’s Bermuda subsidiary called ’Circle International Bermuda.’
Facebook thinks that Switzerland’s data protection commissioner should oversee Libra’s stated commitment not to monetize users’ data in the way that Facebook makes profit from selling personal information to advertisers.
Japanese government to create a network similar to SWIFT, for international cryptocurrency payments. The Ministry of Finance and the Financial Services Agency will deploy this network to also tackle financial crimes.