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Chase Acquires WePay Payments Platform

PYMNTS

WePay was founded in 2008 to make it easier for software platforms to integrate payments into their offerings. The payment platform counts GoFundMe, Infusionsoft and Constant Contact as clients. WePay and the firm’s staff will serve as JPMorgan’s Silicon Valley payments innovation incubator.

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Virus-Infected Laptop Sold As Artwork For $1.3M

PYMNTS

Its designer, Guo O Dong, describes himself as a “contemporary internet artist,” and he created the artwork with cybersecurity company Deep Instinct , which provided the malware and supervised the work so it was created in a safe environment. The laptop is a 2008 Samsung NC10-14GB 10.2-Inch Inch Blue Netbook running Windows XP.

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Swiss Prosecutors Charge Credit Suisse Over Alleged Drug Money Laundering

PYMNTS

The case in question goes back to 2008 when a Bulgarian wrestler was investigated for reportedly turning to drug trafficking. The fact that the bank let it continue until 2008, or even beyond, impeded or frustrated the detection of the money laundering activities,” the indictment read, according to Bloomberg.

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Bahrain to Host Fintech Revolution Summit

The Fintech Times

Launched in 2008, Bahrain’s Economic vision 2030 sets out the Government’s plan to strengthen the Kingdom’s private sector, competitiveness, and to increase ‘fairness’ under the law and in access to services. Globally, it ranks fourth and second in the MENA region for Islamic finance development.

FinTech 59
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Preparing For Unprecedented Times

PYMNTS

The first was the burst of the dot-com bubble in 2000; the second was the 2008 financial crisis. When it comes to cybersecurity and fraud protection, it is critical to have monitoring tools in place to manage both internal and external fraud detection. and global economies.

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Top 10 Banking Trends that Will Define the Sector in 2024

Fintech News

These include cybersecurity threats fuelled by generative AI, high mortgage rates and inflation challenges, and potential commercial real estate market disruptions. While banks have invested heavily in cybersecurity, generative AI has introduced new vulnerabilities, such as deep fakes and sophisticated phishing attacks.

AI 113
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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago.

FinTech 72