May 27, 2025 @ 7:59 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) has decided to abandon its proposed open banking rule, prompting sharp criticism from the Financial Technology Association (FTA). The FTA, an advocate for fintech innovation, has labeled the move a “handout to Wall Street banks,” arguing it undermines efforts… Read More

May 27, 2025 @ 7:58 am By Omar Faridi  |  

UK Fintech Altery Ltd has announced its new status as a principal member of Visa (NYSE: V). This achievement marks a pivotal moment for the company, reinforcing its position as a key player in the ecosystem of digital payments and financial services. The announcement highlights… Read More

May 27, 2025 @ 7:56 am By Omar Faridi  |  

The Blockchain Group (TBG), a French-based company focused on blockchain technology and cryptocurrency investment, announced a significant step in its Bitcoin Treasury Company strategy through a €63.3 million convertible bond issuance. This move aims to enhance TBG’s Bitcoin holdings, potentially increasing its total to approximately… Read More

May 27, 2025 @ 7:55 am By Omar Faridi  |  

In a report titled All Roads Lead to China, TRM Labs, a blockchain intelligence firm, has unveiled the intricate web of Chinese underground banking networks that have emerged as the financial linchpin of global illicit activities. These networks, leveraging both traditional and modern financial mechanisms,… Read More

May 26, 2025 @ 4:36 pm By Omar Faridi  |  

Funding doesn’t turn a bad product into a good one. Yet for too long, the venture world has rewarded inflated hype and charismatic founders over real technical feasibility. Howard Lee Mosbacker, PhD, Co-founder and CEO of Columbus-based Cyrannus, a venture polling platform that provides accredited… Read More

May 26, 2025 @ 4:22 pm By Omar Faridi  |  

New York has reportedly reclaimed its position as the world’s leading financial center in 2025, overtaking London, according to the 37th edition of the Global Financial Centres Index (GFCI 37). This ranking, compiled using 140 quantitative measures from sources like the World Bank, OECD, and… Read More

May 26, 2025 @ 2:34 pm By Omar Faridi  |  

Chargebacks911, a global firm specializing in dispute resolution and chargeback prevention, is warning UK merchants that inflationary pressures, trade disruption, and weakening consumer confidence “are creating the perfect conditions for a sharp rise in chargeback abuse.” As household budgets shrink and financial anxiety grows, more… Read More

May 26, 2025 @ 2:33 pm By Omar Faridi  |  

Zumo‘s Nick Jones recently shared insights on the Bitcoin (BTC) price breaking all-time highs. Commenting on Bitcoin hitting a new record high above $111,000 on Thursday, Zumo‘s Founder and CEO Nick Jones said: “Bitcoin has soared to a new record high, with the market riding… Read More

May 26, 2025 @ 12:19 pm By Omar Faridi  |  

Snoop has reportedly added a new variable recurring payments feature. Fintech app Snoop has introduced Variable Recurring Payments (VRPs), allowing users to automate savings with ease while also staying on track with financial goals – all enabled by Open Banking tech. As explained in the… Read More

May 26, 2025 @ 11:31 am By Omar Faridi  |  

Recently, in Sterling, Virginia, US President Donald Trump hosted a dinner at his Trump National Golf Club, welcoming 220 of the top investors in his $TRUMP meme coin. The event, described as “black-tie optional,” drew a mix of cryptocurrency enthusiasts, high-profile figures, and controversy, with… Read More

May 26, 2025 @ 10:44 am By Omar Faridi  |  

Digital bank Nubank (NYSE: NU) has recently undergone significant changes in its executive leadership team while reporting mixed financial results for the first quarter of 2025. The Sao Paulo-based fintech firm, known for revolutionizing banking in Brazil and expanding into Mexico and Colombia, announced the… Read More

May 26, 2025 @ 10:15 am By Omar Faridi  |  

Third Financial, now part of the Nucleus group, has revealed that investment manager Bowmore is the latest in a series of client signings over the last 12 months that’s helping to drive its growth. London-based Bowmore Asset Management, a discretionary wealth manager with over £350… Read More

May 26, 2025 @ 9:48 am By Omar Faridi  |  

A major cybersecurity breach has recently been unveiled, revealing a staggering 184 million login credentials, including emails and passwords, likely harvested through infostealer malware. Discovered by cybersecurity researcher Jeremiah Fowler, the unprotected 47GB database was found on a misconfigured cloud server, accessible to anyone without… Read More

May 26, 2025 @ 9:22 am By Omar Faridi  |  

The introduction of the Sepa Instant Payments regulation is set to reshape the financial landscape across Europe, with nearly half of the region’s banks anticipating significant interest revenue losses due to heightened liquidity requirements. Despite these financial challenges, many institutions remain optimistic, believing the long-term… Read More

May 26, 2025 @ 8:55 am By Omar Faridi  |  

Research from MillTechFX reveals finance professionals at corporates are increasing their FX hedge ratios and lengths to “protect their finances from tariff-driven volatility.” The most common changes to FX hedging programs in light of tariff-driven volatility are “increasing hedge lengths (54%) and increasing hedge ratios… Read More

May 26, 2025 @ 8:20 am By Omar Faridi  |  

US banks have been exploring the launch of a joint stablecoin initiative. Greg Waisman, Chief Operating Officer at Mercuryo, a payment infrastructure platform in the digital token space has noted: “The prospect of a consortium of leading US banks entering the cryptocurrency market with a… Read More

May 26, 2025 @ 7:54 am By Omar Faridi  |  

Banking Circle S.A., the technology-led payments bank, announced a strategic partnership with Visa, a global leader in digital payments. The partnership provides Visa Direct with access “to Banking Circle’s extensive local clearing rails across the world, further strengthening the business’s global payment reach for its… Read More

May 26, 2025 @ 7:53 am By Omar Faridi  |  

Growth Protocol has officially launched its purpose-built Layer-1 blockchain, backed by Nazara Technologies and Lysto. The platform is designed to propel the future of advertising on-chain, “with real-time engagement through tokenizing digital advertising campaigns.” Growth Protocol is signaling a shift in how global brands connect… Read More

May 26, 2025 @ 1:01 am By Omar Faridi  |  

Curve, a digital wallet provider, announced the launch of Curve Pay on iOS, marking a watershed moment in mobile payments. Curve Pay becomes the first payment solution to leverage the accessible iPhone NFC interface after Apple’s “acceptance of the European Commission’s ruling on competition concerns,… Read More

May 25, 2025 @ 11:26 pm By Omar Faridi  |  

LoanTube, the UK’s digital credit marketplace for underserved consumers and small businesses, has partnered with Gain Credit, the non-prime lending specialist behind Drafty and Lending Stream, to expand its platform offering. The collaboration introduces Gain Credit’s products to LoanTube’s platform, delivering “greater choice and flexibility… Read More