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In today’s age of hyperconnectivity, what happens to your enterprise partners will eventually happen to you.
The tech sector thrives on rapid innovation, agile partnerships and application programming interface (API)-driven interconnectivity; an ethos that has evolved across other industries. But this very dynamism has created an attack surface far broader than traditional organizations can be...
Exodus now enables customers to buy and sell cryptocurrency directly within the Exodus Mobile wallet, with no need for third-party exchanges.
This capability is enabled by the company’s new XO Pay service, which was developed by Exodus and is powered by Coinme’s crypto-as-a-service application programming interface (API) platform, Exodus said in a Tuesday (May 27) press release.
XO Pay is...
Nonbanks have risen in stature and as key players in the global financial system, especially in the wake of the Great Recession earlier in the millennium.
However, hedge funds, private credit entities and FinTechs, along with Big Tech firms, that have become lenders of size and scope may warrant a closer look from regulators, according to bankers.
The Federal Reserve Bank of New York said in a...
Mastercard has teamed with Bahrain-based ila Bank to help it introduce loyalty programs.
The partnership, announced Tuesday (May 27), is centered around things like dining, travel and luxury shopping, while also employing enhanced fraud solutions and privacy protection.
“ila has always been about the customer,” Mohamed Almaraj, the bank’s CEO, said in a news release. “We are proud to have...
Payments technology firm Transcard has teamed with Thredd to expand its payment orchestration platform.
The collaboration, focused on Transcard’s SMART Suite platform, expands payment method optionality for customers and recipients for both B2B and B2C applications that offer virtual cards, according to a Tuesday (May 27) news release.
“Many of our multinational customers want the same end user...
Automation company ABB is reportedly preparing a possible deal for its robotics unit.
The company is working with Bank of America and UBS on a spinoff or sale of the robotics business, Bloomberg News reported Tuesday (May 27), citing sources familiar with the matter.
According to the report, ABB had said last month it aims to spin off the robotics unit in the second quarter of next year, as CEO ...
Ulta Beauty has built a fan following by making cosmetics accessible to the everyday shopper: It stocks not only premium brands but also mass-market cosmetics.
This understanding that consumers buy both high-end and mass brands in cosmetics has propelled the U.S. retailer’s growth. It boasts more than 38 million loyalty program members, over 1,300 U.S. stores in every state and seven million...
The Consumer Financial Protection Bureau (CFPB) has faced an unprecedented period of upheaval since the transition from the Biden to the Trump administration in January 2025, culminating with Friday’s move to rescind Rule 1033. Below is a detailed timeline highlighting the key events, regulatory rollbacks, legal battles and the current uncertain status of the agency.
Late 2024 – January 2025:...
Artificial intelligence logistics software startup Pallet raised $27 million in a Series B funding round led by General Catalyst, according to a Tuesday (May 27) press release.
Logistics is an $11 trillion global industry, but it runs on legacy software and manual processes, General Catalyst said in a company blog post Tuesday. The industry is responsible for moving more than 20 billion tons of...
The parent of Chinese eCommerce giant Temu said tariffs helped eat into its quarterly profits.
PDD Holdings attributed this 38% year-over-year decline in the first quarter of 2025 to a variety of factors, as it released its earnings report Tuesday (May 27).
For example, Chairman and co-CEO Lei Chen said during an earnings call that there has been an intensification of competition in China’s...