Categories Banking

23 posts

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The Nubank EC-1

Brazil is a country riven with economic contradictions. It has one of the largest and most profitable banking industries in Latin America, and is among the world’s most developed financial markets. Financial transactions that would take days to process in the United States through ACH happen instantaneously in Brazil. This […]

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How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire

For most startups, the hardest early challenge is identifying a market and a product to serve it. That wasn’t the case for Nubank CEO David Velez, who understood the massive potential for success if he could break into Latin America’s most valuable economy with even a moderately modern banking offering. […]

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What $10M in daily thefts tells us about crypto security

Andrew Shikiar Contributor Share on Twitter Andrew Shikiar is the executive director and CMO of FIDO Alliance. If you’re among the growing number of people interested in cryptocurrencies, you may be interested to know that nearly 7,000 people lost more than $80 million between October 2020 and March 2021 — […]

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Click Studios asks customers to stop tweeting about its Passwordstate data breach

Australian security software house Click Studios has told customers not to post emails sent by the company about its data breach, which allowed malicious hackers to push a malicious update to its flagship enterprise password manager Passwordstate to steal customer passwords. Last week, the company told customers to “commence resetting all […]

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Passwordstate users warned to ‘reset all passwords’ after attackers plant malicious update

Click Studios, the Australian software house that develops the enterprise password manager Passwordstate, has warned customers to reset passwords across their organizations after a cyberattack on the password manager. An email sent by Click Studios to customers said the company had confirmed that attackers had “compromised” the password manager’s software […]

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Wise accuses former Brazil banking partner of smear campaign after ‘unfounded’ accusations of fraud

Wise, the London-headquartered company that made its name offering international money transfers and is reportedly planning an IPO, has accused its former banking partner in Brazil of a “smear campaign” after allegations of fraud — claims that Wise says are “false and unfounded.” The war of words between Brazil’s MS […]

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America’s small businesses face the brunt of China’s Exchange server hacks

As the U.S. reportedly readies for retaliation against Russia for hacking into some of the government’s most sensitive federal networks, the U.S. is facing another old adversary in cyberspace: China. Microsoft last week revealed a new hacking group it calls Hafnium, which operates in, and is backed by, China. Hafnium […]

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Square’s bank arm launches as fintech aims ‘to operate more nimbly’

Known for its innovations in the payments sector, Square is now officially a bank. Nearly one year after receiving conditional approval, Square said Monday afternoon that its industrial bank, Square Financial Services, has begun operations. Square Financial Services completed the charter approval process with the FDIC and Utah Department of Financial […]

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SESO Labor is providing a way for migrant farmworkers to get legally protected work status in the US

As the Biden administration works to bring legislation to Congress to address the endemic problem of immigration reform in America, on the other side of the nation a small California startup called SESO Labor has raised $4.5 million to ensure that farms can have access to legal migrant labor. SESO’s […]