Hackers Breach Central Bank of Uganda, Steal $17 Million
In a major cybersecurity breach, hackers infiltrated the Central Bank of Uganda and stole $17 million from Treasury accounts. The attack, attributed to the Southeast Asia-based hacker group “Waste”, took place in September. ... Read More
Deutsche Bank Invests $20M in Partior, Closing $80M Series B Round
Partior, a fintech specializing in ledger-based interbank systems for real-time clearing and settlement, has secured a $20 million investment from Deutsche Bank. This investment marks the final close of Partior’s Series B funding round, ... Read More
Lunar Appoints Robert Stambro as New CFO to Lead Next Phase of Growth
Lunar, the Nordic challenger bank, appoints Robert Stambro as CFO effective December 1, 2024. With over two decades of financial expertise and experience in IPO readiness, Robert aims to drive Lunar’s growth and strategic expansion. ... Read More
Spendesk Secures Payment Institution License to Enhance Spend Management Platform
French spend management platform Spendesk has launched its own financial services division under a payment institution license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), gaining full control over its payments ... Read More
AI Adoption Surges in UK Financial Services, But Understanding Falls Short
Artificial intelligence adoption in the UK financial services sector has grown significantly, with 75% of firms now using AI, according to a survey by the Bank of England and the FCA. However, nearly half of these firms admit to having ... Read More
CaixaBank Commits $5 Billion to Technology Investments Over Next Three Years
CaixaBank has announced plans to invest over $5 billion in technology through 2026, aiming to enhance digital capabilities, launch innovative products, and improve service resilience. The Spanish banking giant is focusing heavily on ... Read More
NatWest Study: 76% of UK Consumers Still Carry Cash for Emergencies
Despite the rise of digital payment methods, a new study by NatWest reveals that three-quarters of UK consumers still carry cash as a backup for emergencies. The survey, involving over 2,000 UK adults, sheds light on the enduring ... Read More
Google Pay Adds Klarna and Afterpay as BNPL Options in the US
Starting next year, Google Pay users in the US will gain access to popular “Buy Now, Pay Later” (BNPL) services, Klarna and Afterpay, as part of Google’s effort to expand payment options for shoppers. Klarna will allow ... Read More
Mama Money Launches WhatsApp-Enabled Bank Card in South Africa
South African fintech Mama Money has introduced a bank card integrated with WhatsApp, designed to tackle barriers to conventional banking and improve financial access. In collaboration with Access Bank and Pick n Pay, the Mama Money Card ... Read More
Santander Expands Openbank Digital Brand to Mexico
Santander has introduced its Openbank digital banking platform to Mexico, following its recent debut in the United States. Mexican customers can now access Openbank’s digital services, which include debit and savings accounts with no ... Read More