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

 Tagged barclays, fintech accelerator, fintech adoption, new york, rise

January 26, 2025 @ 10:50 pm By Michael Wong  |  

Jordan’s Cabinet, chaired by Prime Minister Jafar Hassan, approved plans to establish a comprehensive regulatory framework for virtual or digital assets within one year, according to reports. The move is aimed at aligning with global standards, bolstering the country’s digital economy, and safeguarding investors in… Read More

 Tagged jordan, National Council for Future Technology

January 26, 2025 @ 10:09 pm By Tony Zerucha  |  

This week, Alkami Technology (Nasdaq: ALKT), a cloud-based digital banking solutions provider, announced the launch of its Business Banking Digital Maturity Assessment. Built only for financial institutions, this tool was derived from a recent study that was published in partnership with Emerald Research Group and… Read More

 Tagged alkami, Allison Cerra, digital banking, ERP integration, Jim Marous

January 26, 2025 @ 8:45 pm By Michael Wong  |  

Furaha, a purpose-driven lending platform aimed at boosting financial access across sub-Saharan Africa, has raised $10 million through a joint investment by SC Ventures, Standard Chartered’s innovation and fintech investment arm, and Yabx Technologies (Netherlands) B.V. SC Ventures contributed $7 million, while Yabx, part of… Read More

 Tagged africa, fintech, Furaha, sc ventures, Yabx Technologies

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

 Tagged adrienne harris, cybersecurity, enforcement action, nydfs, paypal

January 26, 2025 @ 6:54 pm By Michael Wong  |  

Pluto, the United Arab Emirates’ corporate card and expense management platform, announced that it has secured $4.1 million in a pre-Series A funding round. The development comes shortly after Pluto’s co-founder Mohammed Ridwan revealed that the platform surpassed AED1 billion in cumulative spend under management,… Read More

 Tagged ai, fintech, pluto, Pluto Connect, uae

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

 Tagged baas, cross river, digital financial services, fdic, infrastructure

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

 Tagged investment platform, lightyear, savings, uk, united kingdom

January 26, 2025 @ 12:15 pm By Omar Faridi  |  

Research from embedded finance firm Weavr, conducted through Censuswide, revealed that workers lose around £690 million every year in unclaimed and unpaid expenses in the United Kingdom. Surveying more than 500 office workers based in the UK, Weavr found that 81% of respondents say they… Read More

 Tagged research, uk, united kingdom, weavr

January 26, 2025 @ 11:53 am By Omar Faridi  |  

In recent comments, Bank of America’s (NYSE: BAC) CEO Brian Moynihan expressed the bank’s readiness to support cryptocurrency payments in the future, highlighting the need for clear and robust regulatory frameworks before they can fully embrace crypto transactions for clients. Moynihan said at the World… Read More

 Tagged bank of america, crypto payments, Crypto Regulations, digital transactions, trump administration