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Welcome to your daily FinTech news!
NEWS HIGHLIGHT
Block is facing a Class Action lawsuit over a Cash App Investing data breach last year that impacted 8.2 million customers. Block in April informed the SEC that a former employee had downloaded reports, without permission, containing customer information on US Cash App users. Link here
FINTECH NEWS
#insight

Southeast Asia’s digital economy is booming. This explosive growth is also attracting criminals and putting merchants, banks, and consumers at risk of financial losses and missed revenue. Link here
The landscape of U.S. merchant payments assets. After intense M&A activity in the last two decades, is there still M&A liquidity in U.S. merchant payments? See Flagship Advisory Partners' infographic here.
Philippines kicks off ASEAN FinTech month. These initiatives are set amidst the rapid development of the Philippine FinTech industry, which attracted $342 million in the first half of last year alone. Link here
The winners of the FinTech awards 2022. Top awards on the night included Erika Villanueva and Dom Pym, picking up FinTech Leader of the Year awards. Link here
Colombian neobanks reach 30.6 M users. Colombia's Daviplata and Nequi are the country’s most popular digital wallets, with 15.6 million and 13.5 million users, respectively. Link here