The financial sector is undergoing a significant transformation as institutions adapt to the digital age. Andrews Federal Credit Union (Andrews FCU) is no exception. The credit union has recently partnered with Blend, a cloud-based digital banking solutions provider, as part of a strategic
Financial crime, encompassing a wide range of illicit activities such as money laundering and fraud, continues to be a growing global challenge. It's estimated that these nefarious activities account for 2-5% of the global GDP, underscoring the immense scale and impact of the issue. These crimes
In a significant blow to the financial technology sector, Evolve Bank and Trust recently experienced a massive data breach that sent ripples through its fintech partners, including notable names like Wise, Affirm, and Marqeta. Initiated by an employee's mistake of clicking on a malicious link, the
The recent ransomware attack on Evolve Bancorp, a prominent player in the FinTech sector, has once again thrust the pressing issue of cybersecurity into the spotlight. The breach, attributed to the LockBit ransomware gang, resulted in the theft of 33 terabytes of sensitive banking data,
The fintech innovation wave shows no signs of abating, and riding the crest is Forward, a startup determined to recalibrate how software as a service (SaaS) companies handle their payment processes. With a hearty injection of $16 million in seed funding, guided by the adept hands of Brandon Lloyd,
In a significant boost to its growth strategy, Fibe, the fintech innovator formerly known as EarlySalary, has clinched a robust $90 million in its latest Series E funding round. This major financial milestone comes with TR Capital, Trifecta Capital, and Amara Partners at the helm, co-leading the
In recent years, the world of finance has been stirred up by the advent of blockchain technology. One of the most groundbreaking developments in this space, Decentralized Finance (DeFi), is revolutionizing the way financial services are accessed and governed around the globe. The importance of this
Bitcoin, the original cryptocurrency, has witnessed a significant surge in value across several countries, with remarkable upticks noted in the economies of Japan, Argentina, and the Philippines. As the digital currency approaches historical peaks, analysts and enthusiasts alike are scrutinizing
The realm of international finance is on the cusp of a transformative era, with a Russian State Duma official predicting a seismic shift in how global settlements are conducted. Within the next five years, it is anticipated that Central Bank Digital Currencies (CBDCs) will become a staple in the
The Impetus behind CP24/2 In a bold move, the UK's Financial Conduct Authority (FCA) has initiated a consultation process with the enigmatic label 'CP24/2'. This undertaking seeks to revolutionize the level of transparency in the handling of enforcement investigations within the financial industry.
