May 16, 2025 @ 5:41 pm By Omar Faridi  |  

UniCredit, the pan-European commercial bank, and Google Cloud  announced the signing of an MoU outlining a 10-year agreement to accelerate UniCredit’s digital transformation. This collaboration will see UniCredit draw on Google Cloud’s best-in-class infrastructure, AI, and data analytics solutions to “streamline its digital architecture and… Read More

 Tagged ai, digital transformation, google cloud, unicredit

May 16, 2025 @ 2:49 pm By JD Alois  |  

Apple Pay, Apple’s (NASDAQ:AAPL) digital wallet product, was reportedly offline for some users. According to Downdetector, Apple Pay experienced an outage from around 11 AM to 2 PM ET. This apparently impacted purchases and funds transfers. Comments appear to indicate that no specific region was… Read More

 Tagged apple, apple pay, payments

May 16, 2025 @ 2:33 pm By Tony Zerucha  |  

A new consumer credit behavior study released by i2c breaks down generational activity while providing direction for service providers. The study asked the following questions: How many cards do consumers have, and how much of their primary card’s credit are they using? What do consumers… Read More

 Tagged consumer behavior, credit cards, Generation X, generation z, i2c, millennials

May 16, 2025 @ 2:31 pm By Omar Faridi  |  

Balance, the financial infrastructure platform for B2B commerce, announced the launch of Instant Bank Connection, a new capability powered by Real-Time Payment (RTP) rails that “simplifies ACH setup for buyers and speeds up payments to merchants—improving cash flow and reducing processing costs.” Although ACH is… Read More

 Tagged ach, b2b, balance, financial infrastructure, reat-time payments, RTP

May 16, 2025 @ 12:23 pm By Omar Faridi  |  

Sygnum, a global digital asset banking group, announced the expansion of its credit offerings by adding staked Solana (SOL) as eligible collateral for its Swiss Franc, Euro, Singapore dollar, and US dollar-denominated Lombard loans. This allows Sygnum clients to unlock liquidity “from their staked Solana… Read More

 Tagged banking, digital assets, switzerland, sygnum bank

May 16, 2025 @ 11:58 am By Omar Faridi  |  

The Bank of London is reportedly under investigation by the Prudential Regulation Authority (PRA), raising serious concerns about its long-term ability to maintain operations. The probe, disclosed in the bank’s recently filed accounts—submitted months behind schedule—centers on “historical matters” predating a significant ownership change in… Read More

 Tagged bank of london, banking, challenger bank, uk, united kingdom

May 16, 2025 @ 11:24 am By Omar Faridi  |  

Nekuda, a startup building infrastructure for agentic payments, announced a $5M funding round led by Madrona Ventures with participation from global financial services providers including Amex Ventures and Visa Ventures. The funding will accelerate Nekuda’s mission to “enable AI agents to make secure, autonomous online… Read More

 Tagged agentic payments, funding round, infrastructure, madrona ventures, nekuda

May 16, 2025 @ 10:23 am By Omar Faridi  |  

Chainlink, the “standard” for onchain finance, Kinexys by J.P. Morgan, the financial services firm’s blockchain business unit, and Ondo Finance, the real-world asset tokenization specialist, announced the completion of a cross-chain Delivery versus Payment (DvP) test transaction. The transaction utilized blockchain deposit accounts “on Kinexys… Read More

 Tagged chainlink, jpmorgan, kinexys, onchain finance, ondo finance, rwas

May 16, 2025 @ 9:22 am By Omar Faridi  |  

FalconX, the institutional digital asset prime broker, announces a strategic partnership with Standard Chartered, an international cross-border banking group. In the first phase of the partnership, Standard Chartered will provide a suite of banking services to FalconX globally, “strengthening the platform’s offerings for institutional clients.”… Read More

 Tagged Cross-Border Transactions, digital assets, falconx, standard chartered

May 16, 2025 @ 9:01 am By Omar Faridi  |  

Perplexity announced that it has partnered with PayPal to power agentic commerce across its Perplexity Pro platform. Starting this summer in the U.S., consumers can “check out instantly with PayPal or Venmo when they ask Perplexity to find products, book travel, or buy tickets.” Aravind… Read More

 Tagged ai, artificial intelligence, paypal, perplexity