Fintech and ecommerce

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Revolut outage leaves customers unable to use app or cards

Digital Marketing, Fintech and ecommerce, Next Featured, Security, SEO Tips, Technology /

Revolut customers across Europe were unable to open the fintech’s app or pay with their cards on Tuesday morning, after a service disruption hit several of its features. Outage tracker Downdetector logged more than 1,500 reports at that point, and users in the UK, France, Romania and Spain said they could not move money, while […]

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AI agents broke into 100+ sites for one hacker at $50 each, researcher says

Artificial Intelligence, Australia, Digital Marketing, Fintech and ecommerce, Security, SEO Tips, Technology, United States /

A cybersecurity researcher watched a Chinese-speaking hacker break into the websites of more than 100 companies, leaving almost all the work to AI agents. Snorre Fagerland, principal threat researcher at NorForge, set out the findings on Monday in a report on Cairn, the open-source AI platform the hacker used. Reuters saw the report before publication […]

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Kroger will cut 37% of its corporate workforce as it leans on technology

Artificial Intelligence, Business, Digital Marketing, Fintech and ecommerce, Future of work, SEO Tips, Technology, United States /

“Our company has more layers, more handoffs and more overhead than we need, so we are addressing this issue.” Kroger chief executive Greg Foran wrote this in a memo to staff on Monday, 12 October. The US supermarket chain will cut about 3,000 corporate roles over the next three years. It is leaning on technology […]

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Ramp passes $2bn in revenue as its Europe chief confirms the $60bn round

Digital Marketing, Europe, Fintech and ecommerce, SEO Tips, Startups and technology, Technology, UK, United States /

“Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn. His post confirms the round that Bloomberg reported on 10 October. Ramp’s co-founders, Eric Glyman and Karim Atiyeh, marked the new valuation with a blog post on 15 October, titled “Ramp at $60B: The End of the […]

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Schwab and JPMorgan are blocking AI agents from moving customer money

Artificial Intelligence, Digital Marketing, Fintech and ecommerce, Meta, Security, SEO Tips, Technology /

Charles Schwab is blocking unauthorised AI agents, including Meta’s Muse, that try to move client money, CEO Rick Wurster told Bloomberg Television. Schwab will instead let outside AI tools view balances through controlled MCP servers, and wants clients to use its own assistant, Charley. JPMorgan’s Jamie Dimon took a similar line this week. Charles Schwab […]

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Musk says SpaceX will cover Grok Bot purchase mistakes and leaked cards

Artificial Intelligence, Digital Marketing, Fintech and ecommerce, privacy, SEO Tips, Technology, Twitter, xAI /

“To buy stuff, you can just take a picture of your credit card, drop it in the chat and Grok @Bot will scour the Internet for the best deal on the item you want and order it.” Elon Musk posted that advice on X on Saturday. On Thursday he added a promise for when Grok […]

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Visa gets China’s approval to prepare a domestic card clearing business

China, Digital Marketing, Finance, Fintech and ecommerce, Government and policy, SEO Tips, Technology, United States /

Visa has won approval to start preparing a domestic bank card clearing business in China, the company said on Tuesday. The People’s Bank of China approved its “Application to Prepare”, which lets Visa begin formal preparations. It does not yet let Visa process domestic payments. Visa first applied to the central bank in May 2020, […]

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Nigerian fintech OPay files for New York IPO, Semafor reports

Africa, Digital Marketing, Fintech and ecommerce, Investors and funding, SEO Tips, Technology /

Pay, a Nigerian payments and lending app, has filed to list on the New York Stock Exchange, Yinka Adegoke reported for Semafor. Earlier reports put its likely valuation at about $4bn. The company filed on 9 October, bne IntelliNews reported. It will trade under the ticker OPAY, and investors expect it to price in mid-November, Semafor said. OPay […]

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Ramp hits $60bn valuation in $1.85bn round, Bloomberg reports

Digital Marketing, Fintech and ecommerce, Investors and funding, SEO Tips, Technology /

Fintech start-up Ramp has raised about $1.85bn at a valuation of roughly $60bn, Rebecca Torrence reported for Bloomberg, citing people familiar with the matter. Dragoneer Investment Group and Thrive Capital led the round, and Founders Fund also wrote a large cheque, the people said. The $60bn figure is before the new money is counted. $16bn […]

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Nik Storonsky wants Revolut to be Europe’s answer to Meta and Google

Artificial Intelligence, Digital Marketing, Ecosystems, Europe, Fintech and ecommerce, SEO Tips, Startups and technology, Technology /

Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session titled “Global Champions, European roots”. “Our American dream, I mean, […]

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