Digital IDs Expand Utility of Digital Wallets
Digital wallets are expanding to include digital IDs. Standardization is crucial for broader digital ID adoption. Challenges persist in user…
Morphotonics Secures Over $10M in Series B Funding
Morphotonics secures over $10M in Series B funding. New investors include 3M and BOM, co-led by Innovation Industries. Funding will…
Connectly Secures $20 Million to Expand AI Commerce
Connectly raises $20 million in Series B funding. The funding round was led by Alibaba and other investors. Connectly aims…
FinCEN Reports $688 Million in Mail Theft-Related Check Fraud
Mail theft-related check fraud reached over $688 million in six months. 88% of reports were filed by banks, highlighting systemic…
Goldman Sachs Faces $400M Hit Exiting GM Partnership
Goldman Sachs exits GM credit card partnership with $400M loss. CEO David Solomon says the exit is not overly complicated.…
Visa and KOTRA Unveil New B2B Payment Platform
Visa and KOTRA launch a trade payment platform in South Korea. The platform will initially support payments with five major…
Cryptocurrency Faces Regulatory and Technological Hurdles
Cryptocurrencies face regulatory, behavioral, and technological challenges for mainstream acceptance. Instances of fraud and regulatory actions highlight ongoing issues in…
Parafin Offers Financing to Walmart Marketplace Sellers
Parafin partners with Walmart to finance Marketplace sellers. New financing includes fixed fee, no interest, flexible repayments. Walmart enhances Marketplace…
PwC Cuts 1,800 Jobs Amid Declining Demand
PwC plans to lay off 1,800 employees due to reduced advisory demand. The layoffs will primarily impact U.S. advisory, products,…
BurgerFi Files for Chapter 11 Bankruptcy Protection
BurgerFi filed for Chapter 11 bankruptcy amid economic challenges. The filing includes only corporate-owned BurgerFi and Anthony's locations. Both corporate…
