February 11, 2025 @ 9:44 am By JD Alois  |  

The European Union (EU) has announced a commitment of €200 billion to boost development of artificial intelligence (AI). In a public statement at the Artificial Intelligence (AI) Action Summit in Paris, Commission President Ursula von der Leyen announced the new funding to accelerate AI in… Read More

February 11, 2025 @ 8:16 am By JD Alois  |  

The US Department of the Treasury, Office of Foreign Assets Control (OFAC), has partnered with Australia and the UK to sanction Zservers as it is an enabler of LockBit, a Russian ransomware group. LockBit is said to be the culprit in the attack against the… Read More

February 11, 2025 @ 8:02 am By Omar Faridi  |  

Kivra and Trustly have reportedly developed a new generation of Autogiro, making automatic payments easier. The service allows users to register direct debit with a simple BankID confirmation, “lowering the barriers to sign-up.” For businesses, the solution can drive more on-time payments, “reduce administrative workload,… Read More

February 11, 2025 @ 8:01 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure for financial institutions, announced a partnership with Portuguese currency exchange provider Unicâmbio to support instant cross-border payments between Portugal and Brazil using Ripple Payments. This collab marks the first time that Ripple’s payments solution has been made available… Read More

February 11, 2025 @ 7:59 am By Omar Faridi  |  

Lloyds Bank is implementing a significant restructuring program that will result in the layoff of 300 engineering staff, according to reports. The program is said to be part of Lloyds’ broader transformation strategy and aims to bolster digital services, increase efficiency, and maintain a competitive… Read More

February 11, 2025 @ 7:53 am By Omar Faridi  |  

Plaid, a company specializing in connecting bank accounts to financial applications, is reportedly working with Goldman Sachs (NYSE: GS) on a tender offer. This deal aims to enable early-stage investors and employees to sell existing shares, potentially raising between $300 million and $400 million, according… Read More

February 10, 2025 @ 9:02 pm By Omar Faridi  |  

Q2 Holdings, Inc. (NYSE: QTWO), a provider of digital transformation solutions for financial services, has announced that Wells Fargo (NYSE: WFC) has launched a commercial banking platform. The platform is designed to enhance bankers’ ability to serve commercial clients and increase collaboration and efficiency. According… Read More

February 10, 2025 @ 8:59 pm By Omar Faridi  |  

Moneythor, a personalization engine for financial services providers, has announced its expansion to Latin America. The regional operations will be led by Enrique Ramos O’Reilly, Moneythor’s President Americas, who has 25 years of experience in banking and fintech. O’Reilly previously led Temenos‘ Latin America and… Read More

February 10, 2025 @ 6:21 pm By JD Alois  |  

Rodney E. Hood has been selected as Acting Comptroller of the Currency. The US Department of Treasury said Hood’s leadership of the Office of the Comptroller of the Currency is effective immediately. Hood replaces Acting Comptroller Michael J. Hsu, who has been Comptroller since May… Read More

February 10, 2025 @ 6:09 pm By Omar Faridi  |  

Azura Credit Union, a financial institution with over $822 million in assets and 62,000 members, has chosen Jack Henry‘s (Nasdaq: JKHY) Symitar open technology platform to deliver modern services to its local communities and drive future growth. Azura Credit Union reportedly has 12 offices in… Read More

February 10, 2025 @ 3:17 pm By Omar Faridi  |  

Galoy, a provider of Bitcoin-native banking infrastructure, has introduced Lana, a lending platform designed to facilitate digital asset-backed lending for banks of all sizes. Lana specifically caters to the growing demand for bitcoin-backed loans, particularly among challenger and community banks. As stated in the announcement,… Read More

February 10, 2025 @ 3:16 pm By Omar Faridi  |  

Stripe, a financial infrastructure Fintech for businesses, recently announced that it has finalized its acquisition of Bridge. Zach Abrams, cofounder of Bridge, said via social media: “We closed our acquisition with Stripe. Together we’re scaling digital dollars to businesses everywhere. Stablecoins aren’t the future—they’re already… Read More

February 10, 2025 @ 2:45 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has halted all regulatory activity. The X account affiliated with the CFPB no longer exists, and the homepage is not updating correctly. The CFPB has been a controversial agency since its inception. The creation of the Dodd-Frank Act, the CFPB,… Read More

February 10, 2025 @ 2:17 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) says it had almost 20,000 financial advertisements pulled or changed during 2023 – almost double the year prior. The FCA specifically mentioned promotions involving crypto, debt, and “claims management company” (CMC). CMCs came from 46 authorized CMC firms, affecting… Read More

February 10, 2025 @ 1:14 pm By Omar Faridi  |  

Ondo Nexus, a tech initiative designed to unlock instant liquidity for third-party issuers of tokenized Treasuries (that being, yieldcoins) has now officially been launched. Leveraging OUSG’s minting and redemption capabilities, Ondo Nexus enhances the “liquidity and utility of tokenized Treasuries while building foundational infrastructure for… Read More

February 10, 2025 @ 1:10 pm By Omar Faridi  |  

Financial Cloud, a provider of enterprise software solutions, partnered with bank payment company GoCardless to improve payments for financial service providers in the United Kingdom. This collaboration will see GoCardless’ Direct Debit payments and Instant Bank Pay (IBP), its open banking payment feature for “one-off… Read More

February 10, 2025 @ 1:10 pm By Omar Faridi  |  

Bitdeer Technologies Group (NASDAQ: BTDR), a tech company for blockchain and high-performance computing, announced the close of the acquisition of a “fully” licensed and permitted 101 MW site and gas-fired power project situated on 19 acres of land near Fox Creek, Alberta in “an all-cash… Read More

February 10, 2025 @ 9:28 am By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, announces a partnership with Feedzai, the provider of financial intelligence solutions, aiming to empower banks to tackle the growing challenge of digital fraud while “maintaining seamless customer experiences.” The collab integrates Feedzai’s Digital Trust solutions with Backbase’s Engagement… Read More

February 10, 2025 @ 8:56 am By Tony Zerucha  |  

While the tumult over tariffs caused some market fluctuations this week, a pair of industry executives believe all signs point positive for cryptocurrencies. Galxe cofounder Charles Wayn said this week’s market volatility doesn’t detract from what has been a historic bull. “Certain geopolitical tensions and… Read More