Latest Financial technology News

Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits

May. 22, 2024 18:51 PM EDT

NEW YORK (AP) — The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks. ...

Nayax: Q1 Earnings Snapshot

May. 15, 2024 07:56 AM EDT

HERZLIYA, Israel (AP) — HERZLIYA, Israel (AP) — Nayax Ltd. (NYAX) on Wednesday reported a loss of $5 million in its first quarter. On a per-share basis, the Herzliya, Israel-based company said it had a loss of 15 cents. The results fell short of Wall Street...