accounts

Griffin, a Fintech Startup, Raises $24M and Secures Full Banking License

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Founded by former Silicon Valley engineers, UK-based Griffin Bank bills itself as an API-driven ‘Banking as a Service’ platform. But Griffin isn’t likely to offer banking accounts directly to consumers, but to other businesses needing to offer embedded financial solutions such as savings accounts, safeguarding accounts and accounts for holding client money. Last year in North America, Treasury Prime secured a $40 million Series C, Synctera $15 million and Omnio raised $9.8 million. So they’re leveraging an existing financial relationship to bundle additional financial services in an embedded way. All of that needs to sit in specially marked bank accounts.” Griffin’s aim, he says is to pick up as much of that business as possible.

Transform Your Personal Account into a Business Account on Telegram!

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Telegram founder Pavel Durov announced Wednesday that users on the chat app with personal accounts can now convert them into business accounts by paying a monthly fee. Some of the other features for business accounts involve organizing chats with color labels, using automatic greetings or away messages, and shortcuts for quick replies. On his channel, Durov said that Telegram plans to launch more business features this month including a way to integrate AI-powered chatbots for customer service. “Telegram Business accounts will be able to seamlessly add chatbots as their invisible secretaries to respond to all or certain chats. Telegram is trying to compete with WhatsApp Business, which crossed the mark of 200 million monthly active users last year, with these new features.

Qonto, the French fintech unicorn, gains ownership of Regate after securing substantial funds.

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And it is using an undisclosed portion of its cash reserve to acquire Regate, an accounting and financial automation platform. Qonto originally started with online business accounts with debit cards specifically tailored for small and medium businesses. After a while, Regate will be integrated in Qonto directly to improve several accounting automation features of Qonto, such as invoicing, accounts payables, accounts receivables, etc. Qonto finds itself in a different position from Payfit, another French unicorn (or former unicorn) that provides a software-as-a-service tool focused on payroll. As many fintech startups are struggling to raise a new funding round, Qonto could become a consolidator in the space.

Coinbase App Displays Zero Balance as Bitcoin Soars

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Bitcoin’s rally is turning out to be bad news for Coinbase, the crypto trading app that has just confirmed some of its customers are seeing a zero balance across their Coinbase accounts. The price of Bitcoin climbed in the wake of U.S. spot Bitcoin ETFs, driving a 42% price rally this month. Users of the Coinbase app grew concerned on Wednesday as they logged in to find their accounts showing a zero balance, despite owning crypto assets. We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling. Remarked one user on X, who shared a picture of a zero balance, “My mom called and asked me and mine was at zero also,” they said.

Streamline Your Digital Life with Yorba: The Mint-Like Organization Service

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Spend enough time online, and you’ll collect a digital paper trail of accounts, logins, subscriptions, mailing lists, and passwords wrapped up in data breaches. From its web-based dashboard, you can organize, monitor, and manage your online accounts, unsubscribe from mailing lists, cancel subscriptions, review privacy policies, and more. The end result is something like a Mint for your entire online life, so to speak. Instead, it works by connecting with your online accounts, like your Gmail, and soon other online services and cloud storage providers. Some of the functionality Yorba offers may not be unique.

India receives orders from Musk’s X to withhold accounts and tweets

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X, formerly known as Twitter, said Wednesday it is withholding specific accounts and posts in India, action it said the firm disagrees with, in response to executive orders issued by the Indian government. Non-compliance with the executive orders, X said, would have subjected the firm to “potential penalties including significant fines and imprisonment.”X’s Global Government Affairs said legal restrictions prevent it from publishing the executive orders, but “we believe that making them public is essential for transparency.” X will file a writ appeal challenging the Indian government’s blocking orders, it said, and has notified users who are impacted by the orders. The disclosure from X follows New Delhi ordering to temporarily block about 177 accounts and posts surrounding farmers’ protests in the country. As privacy advocate Apar Gupta wrote in a recent post on X:Blocking orders for Twitter accounts of farm leaders have been issued in advance. This is not surprising, what does provide anguish is the vile commentary against farmers on social media.

Russian Hackers Also Targeted Other Organizations, According to Microsoft

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On Friday, Microsoft revealed that it had been the victim of a hack carried out by Russian government spies. In a new blog post, Microsoft said that “the same actor has been targeting other organizations and, as part of our usual notification processes, we have begun notifying these targeted organizations.”At this point, it’s unclear how many organizations the Russian-backed hackers targeted. Microsoft, however, said that the hackers specifically targeted the company’s senior executives, as well as people who work in cybersecurity, legal, and other departments. The hackers were able to steal “some emails and attached documents.”Curiously, the hackers were interested in finding out information about themselves, specifically what Microsoft knows about them, the company said. On Thursday, Hewlett Packard Enterprise (HPE) disclosed that its Microsoft-hosted email system was hacked by Midnight Blizzard.

Microsoft’s Inner Secrets Unveiled by Impudent Hackers

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Hackers breached Microsoft to find out what Microsoft knows about themOn Friday, Microsoft disclosed that the hacking group it calls Midnight Blizzard, also known as APT29 — and widely believed to be sponsored by the Russian government — hacked some corporate email accounts, including those of the company’s “senior leadership team and employees in our cybersecurity, legal, and other functions.”Curiously, the hackers didn’t go after customer data or the traditional corporate information they may have normally gone after. They wanted to know more about themselves, or more specifically, they wanted to know what Microsoft knows about them, according to the company. “The investigation indicates they were initially targeting email accounts for information related to Midnight Blizzard itself,” the company wrote in a blog post and SEC disclosure. According to Microsoft, the hackers used a “password spray attack” — essentially brute forcing — against a legacy account, then used that account’s permissions to “to access a very small percentage of Microsoft corporate email accounts.”Microsoft did not disclose how many email accounts were breached, nor exactly what information the hackers accessed or stole. Microsoft took advantage of news of this hack to talk about how they are going to move forward to make itself more secure.