Investment

Esusu, a financial technology company that aims to help bridge the racial wealth gap by reporting rent payments to credit agencies, has become one of only a few Black-owned startups to reach a valuation of $1 billion after closing a Series B round led by SoftBank Vision Fund 2.

The cryptocurrency exchange recently refunded $35 million to customers whose accounts had been drained by hackers. Here's what banks and other financial firms can learn from the attack.

A new service speeds payments by using artificial intelligence to predict which buyers are most likely to pay.

The Financial Services Information Sharing and Analysis Center has created a forum to let technology vendors provide security updates to their bank clients. Whether more steps need to be taken is a matter of debate.

Valuations for payment technology companies skyrocketed over the past year, pushed by a wave of public listings and record venture capital investments. Some potential acquirers are waiting for prices to cool.

Chief Audit Officer Denise DeMaio will join Truist from MUFG, while Chief Information Security Officer Howard Whyte has experience at Boeing, Goldman Sachs and the FDIC.

Morgan Stanley agreed to pay $60 million to settle a class action suit by consumers claiming the firm failed to safeguard their personal information.

It's easy for banks to get caught up in the hype around cryptocurrency, but instead of rushing in they should take time to assess how the technology will best meet their own needs and those of their customers.

Banks have extra reason to be concerned by the news that a commonly used piece of software could be exploited by hackers.

Capital One Financial agreed to pay $190 million to settle a class action filed against it after a hacker broke into its cloud computing systems and stole their personal information.