Representative French Hill Expected to Take Over Powerful House Financial Services Committee

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Representative French Hill is slated to take over the powerful House Financial Services Committee following the exit of popular Chairman Patrick McHenry. Multiple news outlets are reporting the selection of Hill, who has edged out several others interested in the chairman position. The Digital Chamber… Read More

 

 




Independent Community Bankers of America Boss Pans CFPB Overdraft Rule

This week, Independent Community Bankers of America president and CEO Rebeca Romero Rainey spoke out against the Consumer Financial Protection Bureauā€™s final rule on overdraft services. Despite the Consumer Financial Protection Bureauā€™s overdraft ruleā€™s exemption for community banks under $10 billion in assets, Rainey said… Read More

Mesh Payments, SoFi Bank, Galileo Enable Innovation In Travel and Expense Management

Mesh Payments, an innovator in global travel and expense management, has joined forces with SoFi Bank as its sponsor bank and with Galileo Financial Technologies, a financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI) as its longtime payments processor. This partnership integrates Mesh… Read More

Identity and Fraudulent Activities Report Reveals Growth in Highly Personalized GenAI-Driven Fraud Attacks

Experian announced its 2024 Global Identity & Fraud Report that provides a view of the consumer and business response to the fraud patterns and fraudā€‘mitigation strategies in the financial services sector. The research study offers meaningful insights from more businesses and fraud prevention professionals, as… Read More

Irelandā€™s Research, Development & Innovation Sector Continues to Drive Growth and Employment – Report

Irelandā€™s Research, Development & Innovation (RDI) sector continues to drive growth and employment, but without funding it risks dependence on foreign technology and diminishing competitiveness, according to the Ireland’s Innovation Index Pulse Survey, which surveyed more than 500 Irish firms. IRDG and KPMG conducted Irelandā€™s… Read More

Solana Best 2024 Investor Bet: ApeX Protocol

An analysis by decentralized trading firmĀ ApeX shows that Solana tops the list of best 2024 investments. Apex analyzed the price performance of various investment options from 2020 to 2024 to identify the best-performing assets based on price change. The data was collected from Yahoo Finance… Read More

Insurtech CyberCube Partners with Canada’s St. Andrews Insurance Brokers

CyberCube is pleased to announce a new partnership with St. Andrews Insurance Brokers, a retail brokerage based in Canada, to utilize CyberCubeā€™s Broking Manager. This partnership will allow St. Andrews to model businesses’ potential cyber losses, allowing them to “protect their clients and win new… Read More

$150K Bitcoin By June: Prediction

deVere Group CEO Nigel Green predicts Bitcoin is likely to surge to $150,000 by mid-2025, and heā€™s been right before. His statement comes as the cryptocurrency is once again back above $100,000 after hitting the milestone for the first time last week. ā€œBitcoin is up… Read More

VCs Comment on 2024, See Better Conditions in 2025

As the year draws to a close, Hillside Enterprises looked at which industries are on track to see the largest levels of VC investment in 2024. The figures show that at $76.6 billion invested to date, enterprise software should see the most investment in 2024…. Read More

1.9 Million Belgians Do Not Use Online Banking as Bank Closures Rise

Around 16% of Belgiumā€™s population, or 1.9 million people, do not use online banking, according to a report published on Friday by the non-profit organisation FinancitĆ©. The report highlights concerns about the impact of bank closures on those who are not digitally connected, particularly the… Read More

Axis Auto Finance Completes $78m Sale of Auto Loan Assets

TSX-listed Axis Auto Finance Inc. announced the completion of its previously disclosed sale of auto loan assets and related business operations for $78 million. The transaction, initially detailed in October, included adjustments for changes in loan composition and fair market value of inventory since December… Read More




Digital Assets Custody Provider Copper Teams Up with Astro Labs

Copper, an enabler of digital asset custody, collateral management, and prime services, is announcing a partnership with Astro Labs, a financial infrastructure firm with a cross-chain bridge and stablecoin built on Arweave and aoComputer (AO) ecosystem. Through this partnership with Astro, Copperā€™s MPC tech will… Read More

Brazil’s Digital Banking Platform Nubank Leverages AI to Scale Pix Operations

Nubank (NYSE: NU) is expanding Pix using generative artificial intelligence, both on its app and via WhatsApp. More customers can transfer money by giving commands using audio, text, and image messages, “ensuring convenience, speed, alongside a smoother experience and safety.” Pix with AI in the… Read More

France’s AMF Encourages Financial Institutions to Improve Transparency of Taxonomy Reporting

Faced with “dense” and complex information, the AMF in France is encouraging financial institutions to continue their efforts to “improve the transparency of their Taxonomy reporting.” In a report covering the first alignment reporting of seven French banks and insurers, the AutoritĆ© des MarchĆ©s Financiers… Read More

One Card Raises $25.5M in Funding from QED Investors, BTV, Others

Pune-headquartered FPL Technologies, which operates credit card issuance and virtual payments platform One Card, has reportedly acquired about $25.5 million in new funding via an investment round that was led by QED Investors. Peak XV Partners, Z47 (formerly known as Matrix Partners India) and Better… Read More

Stablecoins Are Becoming Vital Part of Web3 and Broader Financial Ecosystem – Report

Many more people are now wondering whether stablecoins (or digital tokens backed with fiat currencies 1-to-1 like the US dollar) truly open “remarkable conditions” to enable business onchain? According to a recent update, the answer to this pressing question is yes. However, where lies their… Read More

Marqeta to Power Slope Commercial BNPL Card

This week, Marqeta (NASDAQ:MQ), a global, modern card issuing platform that enables embedded finance solutions welcomed BNPL provider Slope. Via Marqeta, the Slope Card facilitates commercial BNPL options, allowing customers to pay in-store or online with 30- or 60-day loan options. IKEA is already utilizing… Read More

Anchorage Digital Expands Custody for Tokens on Aptos Blockchain Including BUIDL, Ondo USDY

Anchorage Digital, the custodian for crypto innovators and investors, is announcing expanded support for tokens on the Aptos blockchain, including custody of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and the Ondo US Dollar Yield Token (USDY), the largest tokenized treasury assets by total value… Read More

Kuady Strengthens Latin American Presence with Ecuador and Virtual Prepaid Mastercard in Argentina Launch

Kuady, a payments service processor, announced key updates in its Latin American expansion, with the launch of its digital wallet services in Ecuador and the roll-out of its virtual prepaid Mastercard in Argentina. These developments underscore Kuadyā€™s commitment to driving financial inclusion and delivering payment… Read More

Avalanche Announces $250M Locked-Token Sale Led by Galaxy Digital, Dragonfly, ParaFi Capital

Avalanche announces a $250 million locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. More than 40 investment companies reportedly participated, including the following: SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective, CMCC Global, Superscrypt,… Read More

DOGE Leader and Tesla, SpaceX CEO Elon Musk Shares Letter Sent to SEC Chairman Gary Gensler

Elon Musk, founder and CEO of multiple firms including Tesla and SpaceX, has leveraged X, another one of his companies, to lambast outgoing SEC Chairman Gary Gensler.   Oh Gary, how could you do this to me? šŸ„¹ pic.twitter.com/OoooQI77ZS ā€” Elon Musk (@elonmusk) December 12,… Read More

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