Rich Robinson, Chairman of ISITC, Shares Insights on T+1 Settlement Shift

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  Now that we’re into the T+1 settlement transition, the industry has gained enough experience to share meaningful observations about what this change has meant for market participants. Rich Robinson, chairman of ISITC, a securities industry standards group,Ā  has been closely engaged with member firms… Read More

 

 




Wealthfront Shares Investment Strategy, Announces Leadership Addition

Wealthfront, a tech-driven financial platform, continues to solidify its position as a partner for young professionals seeking to transform their savings into long-term wealth. Recent updates, including a refined investment strategy / philosophy and the appointment of legal executive Michelle Wilson to its Board of… Read More

Crestline Investors Raises $3.5B for Fourth Flagship Direct Lending Fund

Crestline Investors, Inc., a global alternative investment manager, announced the final close of Crestline Direct Lending Fund IV, with $3.5bn of investable capital across the Fund, related vehicles and anticipated leverage. Crestline’s direct lending strategy provides “tailored financing solutions to sponsor and non-sponsor backed companies… Read More

Issuer Processing Fintech Enfuce Aims to Eliminate Financial Crime Risks Associated with Card Transactions

Issuer processing Fintech Enfuce unveils the Fortitude Pledge, a compliance and security standard, that aims to “eliminate 100% of financial crime risks across all Enfuce-processed card transactions.” Because aiming to stop “100% of human trafficking, money laundering, and terrorist financing is not optional—it’s essential.” Anything… Read More

Fintech TreviPay and Albertsons Companies to Offer Pay by Invoice Program for Businesses

TreviPay, the B2B payments and invoicing network, announced Albertsons Companies, Inc. will offer Pay by Invoice with TreviPay to its corporate shoppers. Business buyers, including small offices, K-12 schools, local government and community organizations and residential programs, can “receive a dedicated line of credit for… Read More

Equifax Launches B2bConnect SMB Data on the Equifax Cloud

Equifax (NYSE: EFX) has launched its B2bConnect small-to-medium sized business (SMB) data on the Equifax Cloud, making commercial marketing data available in minutes to “help B2B marketers be more efficient and increase campaign success.” The platform unifies differentiated data to create more “effective commercial sales… Read More

Texas Advances Toward Establishing a Strategic Bitcoin (BTC) Reserve

The Texas House of Representatives has passed Senate Bill 21 (SB 21), known as the Texas Strategic Bitcoin Reserve and Investment Act, during its second reading on May 21, 2025. The bill, which garnered strong bipartisan support with a 105-23 vote, moves Texas closer to… Read More

CME Group Announces First Trades of XRP Futures Contracts

CME Group, the world’s derivatives marketplace, announced its new XRP futures are now available for trading. The first trade, a block, took place “on Sunday, May 18,” and was cleared by Hidden Road. Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group said: “We… Read More

Fintech Brex and Zip to Transform Modern Enterprise Finance Stack

BrexĀ and Zip, a “procurement orchestration platform,” have announced Brex for Zip – a solution that integrates Brex’s global card capabilities directly into Zip’s procurement workflows. This partnership delivers end-to-end spend orchestration that “eliminates the traditional disconnect between procurement requests and payment execution.” This enables enterprises… Read More

Accenture, SAP to Help Firms Enable Connected Intelligence Across the Enterprise as AI Adoption Accelerates

Through an expansion of their partnership, Accenture (NYSE: ACN) and SAP SE (NYSE: SAP) have launched ADVANCE. The two companies have worked together to create a pathway to the cloud for organizations pursuing growth with “annual revenue of up to $5 billion to help create… Read More

StraitsX Launches XSGD Stablecoin on XRP Ledger

StraitsX, Southeast Asia’s digital payment infrastructure provider, announced the launch of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), a “decentralized” layer-1 blockchain. The deployment marks the first phase of a broader collaboration with Ripple, a contributor to the XRP Ledger and a… Read More




Banking Software Provider Temenos Announces AI Agent to Counter Fraud, Crime

TemenosĀ (SIX: TEMN), a banking tech stack provider, has announced a new AI agent designed to counter crime and fraud for its user base. Temenos FCM AI Agent is designed to detect, investigate, and prevent sanctions transgressions. It uses AI to reduce false positives and evaluate… Read More

SEC Charges Unicoin, Top Execs for Allegedly Offering Fraud That Raised $100M from Thousands of Investors

The Securities and Exchange Commission (SEC) charged New York City-based Unicoin, Inc. and three of its top executives—CEO and Board Chairman Alex Konanykhin; Silvina Moschini, former president, former board chairwoman, and current board member; and former Chief Investment Officer Alex Dominguez—for “false and misleading statements… Read More

Raiffeisen Bank Now Live with Temenos Core in Bosnia-Herzegovina

Temenos (SIX: TEMN) announced that Raiffeisen Bank dd Bosnia-Herzegovina, a member of Austrian-based Raiffeisen Bank, has successfully gone live with Temenos Core for retail banking. The core modernization marks a key milestone, “enabling Raiffeisen Bank dd Bosnia-Herzegovina to enhance customer experience and drive greater efficiency.”… Read More

Hong Kong Approves Stablecoin Legislation

The Hong Kong government approved stablecoin legislation today. The new law provides for fiat-referenced stablecoins (FRC) for issuers in Hong Kong. The goal is to further enhance Hong Kong’s “virtual asset activities.” The new rules will come into effect this year. The Stablecoins Ordinance requires… Read More

Wealthtech Addepar Announces Acquisition of Arcus and Continued $100M+ Annual R&D Investment

Addepar, the technology and data platform for wealth, investment, and asset management, announced the acquisition of Arcus, an innovator in enterprise AI workflows. This move accelerates Addepar’s technology roadmap to “embed sophisticated artificial intelligence (AI) and machine learning (ML) across its platform, supported by the… Read More

Canadian Securities Exchange Announces Plans to Acquire National Stock Exchange of Australia

The Canadian Securities Exchange announced that it has entered into an agreement with NSX Limited (ASX:NSX), parent company of the National Stock Exchange of Australia, to acquire, pursuant to “a Scheme of Arrangement, NSX for all-cash consideration of AUD$0.035 per fully paid ordinary share.” The… Read More

Genesis Litigation Oversight Committee Sues DCG and Barry Silbert for Alleged Fraud and Insider Misconduct in Crypto Dispute

The Genesis Litigation Oversight Committee, which represents the interests of creditors, filed two major lawsuits (on behalf of Genesis debtors and their bankruptcy estates) against its parent company, Digital Currency Group (DCG), its CEO Barry Silbert, and a network of so-called insiders. The legal actions,… Read More

Coinbase Hack Being Investigated by DOJ, Michael Arrington Worries Loss is More than $400 Million

The US Department of Justice is investigating the recent insider hack of CoinbaseĀ (NASDAQ:COIN), according to Bloomberg. Coinbase is said to have brought the breach to the authorities’ attention, but the company itself is not under investigation. Paul Grewal, Coinbase’s Chief Legal Officer, highlighted this fact… Read More

Accredited Investor Bills Approved in Markup by House Financial Services Committee

The ā€œAccredited Investor Definition Review Act,” HR 3348, has been approved by the House Financial Services Committee in a 36-16 vote. RepresentativeĀ Bill Huizenga, the bill’s sponsor, outlined its goals in an X. “Accredited investors are currently defined by the SEC based on their income and… Read More

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