Revolut Remains Worst UK Company for Fraud Complaints Claims Which?

Digital bank Revolut has reportedly recorded the highest number of fraud and scam complaints that had been referred to the Financial Ombudsman Service (FOS). Data reviewed by Which? found that fraudulent activity complaints from clients of the digital banking service provider had outnumbered all other… Read More

Chainlink Enables Tokenized Fund Workflows with Swift Messaging in Collaboration with UBS

Chainlink announced a technical solution enabling financial institutions worldwide to manage digital asset workflows from their systems “using Swift messaging and the Chainlink Runtime Environment (CRE).” With Swift messages and CRE, banks and institutions can “access blockchains through the same Swift infrastructure they have relied… Read More

European Digital Bank N26 Introduces Banking Platform in France

N26 has announced the launch of its PEA (Share Savings Account), with no brokerage fees, to allow French people to “save and invest for the future while benefiting from tax treatment.” With its PEA offering, N26 allows French people “to invest in the largest European… Read More

Blockchain and Web3 focused Consensys to Support Swift with Early-Stage Prototyping

Consensys shared that it is supporting Swift with early-stage prototyping as the global financial infrastructure adds a blockchain-based digital ledger to its technology stack. Swift’s move is a pivotal one for global finance, “beginning with instant, always-on cross-border payments at unprecedented scale.” For more than a… Read More

Deutsche Börse Group and Circle to Support Stablecoin Adoption in Europe

Deutsche Börse Group and Circle Internet Group, Inc. (NYSE: CRCL)  signed a Memorandum of Understanding (MoU) to collaborate on the use of Circle’s EURC and USDC stablecoins “within Deutsche Börse’s financial market infrastructure.” This agreement in Europe aims to deliver new solutions for market participants… Read More

ABN AMRO Leverages Mambu to Support Neobanking Platform BUUT

Mambu, the SaaS cloud banking platform, announced today its successful collaboration with ABN AMRO to support BUUT, a bank designed to help younger consumers better manage their money/finances. The neobank was brought to market in 12 months. BUUT is a full-service bank that offers a… Read More

Citi Token Services Integrates with 24/7 USD Clearing for Real-Time Cross-Border Payments and Liquidity Management

Citi (NYSE: C) announced its plans for an industry-first integration of Citi Token Services, a blockchain-based platform, with its 24/7 USD Clearing solution to create “a 24/7, multibank cross-border instant payments capability for Citi’s institutional clients in the UK and US.” This move expands Citi’s… Read More

OKX Pay Introduced in Singapore to Enable Stablecoin Payments at GrabPay Merchants-Partners

Digital assets firm OKX noted that the so-called “next generation” of stablecoin payments begins with the launch of OKX Pay in Singapore. OKX Pay is Singapore’s stablecoin-powered scan-to-pay service, “enabling customers to pay with USDT or USDC stablecoins at GrabPay merchant-partners by scanning their GrabPay… Read More

Frank Founder Charlie Javice Sentenced to 7 Years in Prison

The founder of Fintech Frank, Charlie Javice, a platform that sought to streamline the process for students to tap into available funds for college, has been sentenced to seven years in prison for fraud. According to reports, Javice is also reportedly required to return $22.4… Read More

Instant Payments on Track to Top $110 Trillion

Instant payments, which are the transfer of value without any delay, are predicted to surpass $110 trillion by 2029, almost doubling the $60 trillion that is already occurring today. In a report published by Juniper, instantaneous payments are being driven by regulation, including FedNow in… Read More

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