January 27, 2025 @ 9:04 pm By Omar Faridi  |  

Paytm, a digital payments company in India, is gearing up for a potential revival of its banking arm, Paytm Payments Bank. The unit faced a significant setback last year when the Reserve Bank of India (RBI) effectively suspended its operations due to regulatory concerns. Now,… Read More

January 27, 2025 @ 8:49 pm By Omar Faridi  |  

U.S.-based fintech firm Broadridge Financial (NYSE: BR) is bolstering its presence in India by expanding its tech staff by 26% to 6,800 people over the next three years. This strategic move is aimed at tapping into the vast Indian market, where the company plans to… Read More

January 27, 2025 @ 5:57 pm By Omar Faridi  |  

Ohio is taking a significant step towards embracing digital assets, with a new strategic crypto reserve bill (House Bill No. 18) that’s gained praise from former presidential candidate Vivek Ramaswamy. The bill, which has reportedly been introduced by State Representative Steve Demetriou, would allow the… Read More

January 27, 2025 @ 5:53 pm By Omar Faridi  |  

Russia’s largest power grid operator, Rosseti, is venturing into Bitcoin (BTC) and crypto mining by leveraging its underutilized power centers. The state-owned energy provider aims to become a key coordinator for mining infrastructure deployment across the country, as reported by TASS. Rosseti sees crypto mining… Read More

January 27, 2025 @ 4:05 pm By Omar Faridi  |  

Jupiter, a Solana-based decentralized exchange aggregator, has made a significant move by acquiring a majority stake in Moonshot, an app that enables users to purchase memecoins using Apple Pay. This acquisition is a strategic step for Jupiter as it expands its ecosystem to cater to… Read More

January 27, 2025 @ 12:08 pm By Omar Faridi  |  

YZi Labs, formerly known as Binance Labs, has unveiled its rebranding, marking a significant expansion of its investment focus beyond crypto and blockchain to include Artificial Intelligence (AI) and biotechnology (biotech). Bianance describes the change as a natural progression as it has operated independently while… Read More

January 27, 2025 @ 11:57 am By Omar Faridi  |  

BitStock, an Israeli fintech startup, has successfully secured an additional $400,000 in funding, bringing its total investment to $1 million. This fresh capital injection will be allocated towards enhancing marketing efforts, driving sales, advancing research and development, and bolstering operational activities. Founded in 2024, BitStock… Read More

January 27, 2025 @ 8:44 am By Omar Faridi  |  

HSBC has announced plans to shut down its international money app, Zing, just a year after it launched in the UK. Zing, which aimed to simplify international banking for UK residents, offered a multi-currency app and debit card. Users could hold and transact in over… Read More

January 27, 2025 @ 7:57 am By Omar Faridi  |  

Elon Musk, the newly appointed leader of the Department of Government Efficiency (DOGE), is reportedly exploring the potential use of blockchain technology to improve government efficiency and significantly reduce spending. According to Bloomberg, which cited sources familiar with the matter, Musk has discussed with close… Read More

January 27, 2025 @ 7:53 am By Omar Faridi  |  

Insurtech Jove is now offering Business Liability Insurance specifically designed to cater to small businesses across Europe. Targeting businesses with fewer than 20 employees, Jove’s new insurance aims to provide coverage across various, including creative sectors, media, engineering, and consultancy. This solution is available in all… Read More

January 27, 2025 @ 7:50 am By Omar Faridi  |  

Adclear, a Regtech startup dedicated to transforming compliance processes for fast-growing fintech companies, has raised £510,000 in pre-seed funding. Investors Haatch, Force Over Mass, and Founders Capital have backed the venture to support Adclear’s mission of automating financial services marketing compliance. The company addresses the… Read More

January 26, 2025 @ 11:18 pm By Omar Faridi  |  

Barclays has announced the closure of its fintech accelerator program, Rise, by mid-2025, leaving the New York fintech ecosystem grappling with the loss of what many consider a cornerstone of the community. The decision has sparked significant concern among founders, venture capitalists, and industry leaders… Read More

January 26, 2025 @ 9:56 pm By Omar Faridi  |  

Marie-Anne Barbat-Layani, Chairwoman of the Autorité des Marchés Financiers (AMF), outlined the regulator’s key priorities for the next twelve months. These priorities align with the AMF’s strategic framework, “IMPACT 2027,” and reflect its objectives for 2025. Marie-Anne Barbat-Layani said: “As we step into 2025, the… Read More

January 26, 2025 @ 7:03 pm By Omar Faridi  |  

CBInsights conducted a survey with 50 senior strategy professionals to examine their approaches to generative AI (genAI) implementation and understand why some teams are achieving better results than others. According to the findings, generative AI is the top technology priority for corporate strategy teams in… Read More

January 26, 2025 @ 6:58 pm By Omar Faridi  |  

Consumers should remain vigilant against romance fraud, which continues to harm unsuspecting individuals each month, according to Bank of Ireland. The bank emphasizes the importance of staying cautious and not allowing emotions to override financial judgment. Romance fraud involves scammers creating false identities to build… Read More

January 26, 2025 @ 6:54 pm By Omar Faridi  |  

New York State Department of Financial Services Superintendent Adrienne A. Harris announced that PayPal, Inc. (NASDAQ: PYPL) will pay a $2 million penalty to New York State for violations of DFS’s Cybersecurity Regulation. An investigation determined PayPal failed to use qualified personnel to manage key… Read More

January 26, 2025 @ 6:49 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced the launch of its automated sweep feature using the IntraFi Cash Service. The capability will enable Cross River’s Banking-as-a-Service (BaaS) clients to access millions in aggregate FDIC insurance coverage “across network banks… Read More

January 26, 2025 @ 3:32 pm By Omar Faridi  |  

Juro, a contract automation platform leveraging artificial intelligence, has announced the opening of its US headquarters in Boston. This move aims to strengthen its presence in its largest market, accelerate growth, and enhance support for its US customer base. Founded in London in 2016, Juro… Read More

January 26, 2025 @ 3:22 pm By Omar Faridi  |  

Investment platform Lightyear has made an entry into the UK Individual Savings Account (ISA) market by launching two products: a 4.75% Cash ISA and a Stocks & Shares (S&S) ISA. Designed to help UK consumers grow their wealth, these ISAs aim to prioritize flexibility, transparency,… Read More

January 26, 2025 @ 3:20 pm By Omar Faridi  |  

Zumo, the B2B digital assets platform, released survey report exploring the preparedness of Crypto-Asset Service Providers (CASPs) for the EU’s incoming Markets in Crypto-Assets (MiCA) regulation, with “a particular focus on sustainability requirements.” The MiCA CASP Sustainability Readiness Assessment snapshot report highlights a “sustainability compliance… Read More