Topic: financial technology
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PayPal Data Breach Exposed User Info for 6 Months
A software flaw in PayPal's Working Capital loan platform exposed customer data, including Social Security numbers and addresses, for nearly six months due to a code change made in July 2025. PayPal fixed the flaw by December 13, 2025, is offering affected users two years of credit monitoring, an...
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Figure Data Breach Exposes 1 Million Accounts
A major data breach at Figure Technology Solutions, caused by a sophisticated social engineering attack, compromised the personal information of nearly one million individuals, including sensitive customer data like addresses and dates of birth. The ShinyHunters extortion group claimed responsibi...
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Betterment Data Breach: 1.4 Million Accounts Exposed
A social engineering attack at Betterment, a major robo-advisor, exposed personal data of over 1.4 million accounts, including email addresses, names, and geographic information. Following the breach, attackers sent fraudulent emails promoting a cryptocurrency scam, but customer account credentia...
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2025's 100+ New Tech Unicorns: The Full List
The venture capital landscape in 2025 saw over a hundred startups achieve unicorn status, with a dominant focus on artificial intelligence alongside breakthroughs in sectors like space tech, biotech, and blockchain. The year's new unicorns were heavily concentrated in AI, featuring companies spec...
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2025: The Year AI Hype Met Reality and GPS Jamming Fights Back
Lawmakers are investigating the significant energy and water consumption of AI data centers, questioning the technology's environmental and economic costs. The Trump administration launched the US Tech Force to recruit tech talent for federal modernization, while Ford canceled a new electric truc...
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US Banks Rush to Assess Data Theft After Hackers Breach Fintech Firm
A cybersecurity breach at financial technology provider SitusAMC has compromised sensitive corporate data, including accounting records and legal agreements, affecting major banks like JPMorgan Chase and Citigroup. The attack, discovered on November 12, has been contained with no ransomware used,...
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Kaaj Secures $3.8M Seed Funding From Kindred Ventures
Kaaj, a fintech startup, raised $3.8 million in seed funding to transform small business lending by using AI to automate credit risk analysis, reducing underwriting time from days to minutes. Founded by industry veterans Shivi Sharma and Utsav Shah, the company addresses inefficiencies in lending...
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Tencent Cloud Drives FinTech Innovation with AI at HK Week 2025
Tencent Cloud showcased advanced cloud and AI solutions at Hong Kong FinTech Week 2025, emphasizing their role in accelerating digital transformation for global financial markets. The company presented key innovations like Tencent Yuanbao and CodeBuddy, aimed at enhancing security, streamlining o...
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AI-Generated Images Fuel Fake Expense Report Fraud
The rise of advanced AI image-generation tools has made it alarmingly easy for employees to create convincing fake expense receipts, posing a significant challenge for finance departments and expense management platforms. Industry data shows a sharp increase in AI-generated fraudulent receipts, w...
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Expand North Star 2025: Dubai's Role in Digital Entrepreneurship
Expand North Star 2025 reinforced Dubai's status as a global hub for digital entrepreneurship and technology, hosting the world's largest startup and investor gathering to foster the digital economy and strategic partnerships. The event featured strong local and international participation, with ...
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Elemnta's New Tool Cuts Adviser Admin Work by 90%
Elemnta's Adviser Workbench platform automates routine administrative tasks, potentially saving financial advisers up to 90% of the time currently spent on these duties, allowing them to focus more on client service and business growth. The platform addresses a severe capacity crisis in the finan...
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Alibaba's $53B AI Push: New Dubai Data Center at GITEX 2025
Alibaba Cloud has expanded its Middle East presence by opening a second data center in Dubai, supported by a $53 billion investment to enhance AI and cloud infrastructure over the next three years. The new facility offers advanced cloud-native and AI solutions, along with big data and storage ser...
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Sumerge at Money 20/20: AI's Impact on Finance
Sumerge showcased its expertise in AI for finance at Money 20/20 Middle East, offering insights on technological transformation through panel discussions and consultations. During a panel on AI regulation, CTO Mohamed Nour highlighted the importance of balancing innovation with trust, focusing on...
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Zelo & Watermelon Launch 24-Hour F&B Invoice Financing
Zelo and Watermelon Ecosystem's partnership introduces 24-48 hour invoice financing, eliminating traditional 60-90 day payment delays for F&B suppliers. This collaboration addresses cash flow gaps by allowing suppliers to convert unpaid invoices into immediate working capital, enabling business g...
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Tarabut Opens New Regional Headquarters in Riyadh
Tarabut has launched its new regional headquarters in Riyadh, reinforcing its commitment to Saudi Arabia's open banking framework and Vision 2030 economic goals. The inauguration involved key Saudi banks and partners, showcasing Tarabut's integration and collaborative role within the Kingdom's fi...
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Bupa Arabia Drives Healthcare Innovation at Money20/20 as Platinum Sponsor
Bupa Arabia reinforced its role as a healthcare innovator by serving as the Platinum Sponsor for the Money20/20 Middle East conference, emphasizing its commitment to integrating advanced technology with health insurance. The company showcased its Bupa CareConnect division, presenting digital tool...
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TransBnk Raises $25M to Modernize India's Corporate Banking
India's corporate banking sector lags in digitization despite a large SME market, creating a modernization opportunity for more efficient financial tools. TransBnk, a fintech startup, offers a unified digital platform for corporate banking, recently securing $25 million in funding to expand inter...
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