January 9, 2025 @ 2:55 pm By Omar Faridi  |  

IDB Invest approved an investment of up to $50 million in Victory Park Capital (VPC) Investor Fund W, L.P., a debt fund in Latin America and the Caribbean committed to offering financial solutions for Fintechs. The fund will focus on expanding access to financing for… Read More

 Tagged debt fund, fintech adoption, idb invest, latam, victory park capital

January 9, 2025 @ 12:32 pm By Omar Faridi  |  

Custodia Bank is pleased to have achieved the System and Organization Controls (SOC) 2 Type II audit, showcasing their ongoing commitment to safeguarding data. According to the update shared by Custodia Bank, this certification reflects their dedication and sharp focus on maintaining the “highest standards… Read More

 Tagged banking, caitlin long, custodia bank, digital assets, wyoming

January 9, 2025 @ 12:26 pm By Omar Faridi  |  

Willow Tree Credit Partners LP, a private credit alternatives firm, announced the closing of Willow Tree CLO II, which is a $502.3 million Collateralized Loan Obligation (CLO). Willow Tree’s second CLO, closing within 2 months of its first CLO, signifies Willow Tree’s strong “positioning and… Read More

 Tagged collateralized loan obligation, loans, private credit, willow tree

January 9, 2025 @ 10:54 am By JD Alois  |  

FV Bank adds PYUSD, PayPal’s stablecoin offering, to its list of accepted transfer and payment services. FV Bank is a licensed US bank based in Puerto Rico – a jurisdiction with somewhat different compliance rules. FV Bank notes that it is the only US bank… Read More

 Tagged banking, digital bank, fv bank, paxos, paypal, pyusd, stablecoins

January 9, 2025 @ 10:45 am By JD Alois  |  

EU instant payment rules are going into effect. An X by the Financial Stability Financial Services and Capital Markets Union Directorate noted the rollout today, stating: “Today our instant payments rules will gradually start to come into effect, allowing you to receive money in seconds… Read More

 Tagged EU, payments

January 9, 2025 @ 8:30 am By Omar Faridi  |  

As US consumers had prepared to spend an estimated $18.5 billion on BNPL services this holiday, banks had faced a crucial challenge: how can they offer flexible lending without contributing to worsening debt cycles? With over 10 years of experience in the Fintech world, and… Read More

 Tagged credit, interview, online lending, the jifiti group, yaacov martin

January 9, 2025 @ 8:26 am By Omar Faridi  |  

Confidence in retirement prospects among Brits surged in 2024, according to PensionBee’s Pension Confidence Index highlighting a “substantial” shift in public sentiment. The Pension Confidence Indicator jumped from -10 in December 2023 to +29 in December 2024 reflecting “growing optimism overall about financial futures.” But the data… Read More

 Tagged pensionbee, pensions, research, retirement, savings, uk, united kingdom

January 8, 2025 @ 11:48 pm By Tony Zerucha  |  

2024 saw significant developments in AI, data management, and performance tools. Other World Computing founder and CEO Larry O’Connor believes progress will continue in 2025. Here are his predictions for 2025. The return of on-prem data, compute, and backup to improve performance, strengthen security, and… Read More

 Tagged cloud, Larry O'Connor, Other World Computing

January 8, 2025 @ 8:06 pm By Omar Faridi  |  

Maybank announced that it launched a counter-fraud security feature on the MAE App called Money Lock, which allows customers to lock funds in the savings or current accounts of their choice from “being digitally accessed, keeping the funds safe from online scammers.” With this added… Read More

 Tagged digital financial services, fraud protection, malaysia, maybank, scams, southeast asia

January 8, 2025 @ 7:58 pm By Omar Faridi  |  

Alchemy Pay, the crypto solutions provider, is pleased to announce that its entity, Alchemy Pay Ltd. has successfully registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This achievement, along with the recent acquisition of 4… Read More

 Tagged alchemy pay, canada, payments