April 25, 2024 @ 11:31 pm By Michael Wong  |  

BillEase, a buy now, pay later (BNPL) app and consumer finance platform in the Philippines, announced a $5 million investment from Saison Investment Management Private Limited (SIMPL), the offshore lending arm of Saison International Pte. Ltd. This funding is part of an expansion that doubles… Read More

April 25, 2024 @ 11:11 pm By Omar Faridi  |  

Maybank announced the launch of Maybank Goal-Based Investment, a beginner-friendly digital retail investment tool that allows customers to kickstart their financial wealth journey easily and conveniently. Available on MAE App and Maybank2u Web, the latest investment feature empowers customers to “achieve their financial goals through… Read More

April 25, 2024 @ 10:28 pm By Michael Wong  |  

The Philippine digital banking sector has attracted more than $700 million in investments from both global and local sources since 2021, demonstrating robust investor confidence and a rapidly growing market, according to a statement released by the Digital Bank Association of the Philippines (DiBA PH)…. Read More

April 25, 2024 @ 10:11 pm By Omar Faridi  |  

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today marked the one-year anniversary of its Singapore office by highlighting how its 24/7 implementation support “helps Asia-Pacific (APAC) brands expand into new markets, meet complex regulatory requirements and quickly onboard… Read More

April 25, 2024 @ 9:33 pm By Omar Faridi  |  

API infrastructure Fintech Setu has announced the appointment of Anand Raisinghani as its new CEO. Anand is said to vast experience in “building high-performance teams and joins at a time when consent-based structured data sharing via the Account Aggregation model is gaining prominence.” Prior to… Read More

April 25, 2024 @ 6:25 pm By Omar Faridi  |  

symplr, a provider of enterprise healthcare operations software, announced a partnership integrating award-winning healthcare worker payments technology from Branch, a workforce payments platform. With the integrated pay solution, the symplr Contingent Talent Management (CTM) platform offers healthcare staffing firms automated options along “with free, same-day… Read More

April 25, 2024 @ 6:23 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, and Hacken, a global enabler of blockchain security auditing, have signed a Memorandum of Understanding (MoU) to set new benchmarks for blockchain security and compliance. This partnership reflects a synergy “between a… Read More

April 25, 2024 @ 4:13 pm By Omar Faridi  |  

Commenting on the UK Financial Conduct Authority (FCA)’s strategic approach to the use of Artificial Intelligence in the UK financial services sector, Karim Haji, global and UK head of financial services at KPMG, said: “It’s hard to overstate the potential capabilities of AI for a… Read More

April 25, 2024 @ 4:07 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced the U.S. launch of its payment acceptance solution. U.S.-based merchants can use the service “to accept payments from domestic and international customers.” Additionally, foreign merchants with U.S. entities can “provide a localized payment… Read More

April 25, 2024 @ 4:05 pm By Omar Faridi  |  

BitGo says it is changing from default wrapped segwit (P2SH-P2WSH) receive addresses to native segwit (P2WSH), which “require 25% less data to spend — translating to lower fees.” Since the beginning, BitGo has supported “both native segwit and wrapped segwit Bitcoin addresses.” However, many clients… Read More

April 25, 2024 @ 10:45 am By Michael Wong  |  

Wealthtech startup Midas, which specializes in democratizing retail investing, has secured $45 million in Series A funding to expand its financial services offerings. The funding round was led by Toronto-based venture capital firm Portage, known for its significant investments in the Fintech sector, including a… Read More

April 25, 2024 @ 10:06 am By Michael Wong  |  

New York-based Fintech firm Finsight Group Inc announced its acquisition of T-REX, a cloud-native platform known for its capabilities in modeling and managing complex investments across private credit, structured credit, and project finance. The acquisition includes the onboarding of Benjamin Cohen, founder and CEO of… Read More

April 25, 2024 @ 9:40 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has appointed Claire Misata as Business Development Director. Claire will lead relationship development for Smart Pension “with trustees and Employee Benefit Consultants (EBCs). Her appointment follows Smart Pension’s recent announcement that… Read More

April 25, 2024 @ 9:24 am By JD Alois  |  

Anchorage Digital, a federally regulated bank, has announced a new crypto settlement service called Atlas or Anchorage Digital Trusted Liquidity and Settlement. Atlas will be able to settle both US dollars and digital assets and includes OTC settlement, OTC margin/collateral management, and off-exchange settlement.  Anchorage… Read More

April 25, 2024 @ 9:03 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced more than 50 new features at its annual user conference, Stripe Sessions, held at the Moscone Center in San Francisco. Last year, Stripe says it had “processed more than $1 trillion in payments for millions of users,… Read More

April 25, 2024 @ 9:01 am By Omar Faridi  |  

Revolut, the global Fintech with over 8 million UK customers and 40 million globally has today announced it expects to boost its global headcount by 40% in 2024. The announcement comes as Revolut reportedly “reaches 10,000 employees globally and continues to grow its workforce, all… Read More

April 25, 2024 @ 8:59 am By Michael Wong  |  

Thailand-based payment solution company T2P Co Ltd announced a strategic partnership with Wise Platform, an infrastructure provider for banks, Fintechs, and enterprises. Announced Thursday, this alliance positions T2P as the first in Thailand to offer international money transfers without exchange rate markups or hidden fees… Read More

April 25, 2024 @ 7:22 am By Omar Faridi  |  

Offline payments, Square’s no-connection-required solution to deliver continuous commerce connectivity, is now available to Square sellers using every hardware device, and in every country. Whether in a remote location or facing a technology disruption, now nearly every Square seller can continue “to operate business-as-usual and… Read More

April 25, 2024 @ 7:21 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announces that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of Artificial Intelligence (AI) innovation across the Zilch proposition. Zilch will continue to use AWS AI and ML services “to transform… Read More

April 25, 2024 @ 7:21 am By Omar Faridi  |  

Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that reportedly executed over $2 billion in unlawful transactions and allegedly “laundered over $100 million in criminal proceeds.” Damian Williams, the United States Attorney for the Southern District… Read More