Fintech Privalgo Obtains EMI License in the Netherlands

Privalgo has reportedly secured its Dutch EMI license. They’ve just reached this milestone and it has been months in the making: on 1 August, De Nederlandsche Bank (DNB), the central bank of the Netherlands, officially granted them a Dutch Electronic Money Institution (EMI) license. With… Read More

Bitcoin Mining : Block Introduces Proto Rig and Proto Fleet

Block, Inc. (NYSE: XYZ) unveiled Proto Rig, a modular bitcoin mining system, and Proto Fleet, an open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific’s facility in Dalton, GA, where Proto Rigs “are mining as part of their… Read More

European Investment Infrastructure Firm Upvest Strengthens Engineering Team to Drive Growth

Upvest, an investment infrastructure provider in Europe, announces two key leadership hires to support its next phase of growth. Roberto Fajardo joins as SVP Engineering, and Alexander Matthey joins the board as Non-Executive Director. Together, they bring experience in “scaling financial infrastructure in regulated spaces… Read More

Citigroup Ventures into Stablecoin Custody and Payments as U.S. Legislation Signals Crypto Adoption

Citigroup (NYSE: C) is focused on positioning itself at the center of the digital assets adoption movement by exploring stablecoin custody and payment services. This move comes in response to a law passed by the U.S. Congress, which has unlocked new opportunities for cryptocurrencies, particularly… Read More

Global Fintech Adyen Faces Operational Challenges as US Tariffs Dent Revenue Growth

Global Fintech Adyen (AMS: ADYEN) saw its shares take a hit on Thursday, August 14, 2025, following the release of its H1 2025 financial results. Adyen, the Amsterdam based global payments processor, announced a downward revision to its full-year revenue forecast, pointing to challenges posed… Read More

Citi Institute Report Examines How Social Media Platform X is Impacting Financial Services in the Digital Economy

In an evolving digital economy, Citigroup’s report, Citi Institute Executive Report: The Impact of X on the Future of Finance, offers a comprehensive exploration of how the social media platform X is reshaping the financial services industry. Released by the Citi Institute, the report delves… Read More

SUNRATE Secures China Payment License Through Transfar Pay Acquisition

Global payment platform SUNRATE acquired a payment business license in China following its purchase of a complete stake in Transfar Pay, a subsidiary of Shenzhen-listed Transfar Group. The RMB 315 million ($43.8 million) acquisition received approval from Chinese regulatory authorities. Transfar Group disclosed the transaction… Read More

Wirex to Support EURC Settlements Through Visa Stablecoin Settlement Pilot

This week, Wirex, a Web3 money app, announced that it is supporting EURC settlements through Visa’s stablecoin settlement pilot, marking a significant milestone in the evolution of blockchain-based payments in Europe. Following the successful completion of a testing phase, Wirex is now live with EURC… Read More

Prove’s United Authentication Harnesses Enhanced Cryptography to Protect Identity

Prove, a digital identity provider, has launched Unified Authentication, a modern authentication solution that passively and persistently recognizes customers, no matter where they appear or how often their devices or credentials change. This launch reflects a critical market shift: identity is no longer just a… Read More

BNPL Fintech Klarna Faces Q2 Losses as It Gears Up for Business Expansion and US IPO

Klarna, the Swedish fintech that is focused on buy now, pay later (BNPL) services, is navigating a complex landscape as it prepares for its anticipated U.S. stock market debut. Despite reporting a net loss for the second quarter of 2025, the company is pushing forward… Read More

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