February 20, 2025 @ 8:40 am By Omar Faridi  |  

On January 27, 2025, the European Central Bank (ECB) adopted Decision (EU) 2025/222, titled “Decision of the European Central Bank on access by non-bank payment service providers to Eurosystem central bank operated payment systems and central bank accounts” (ECB/2025/2). This decision expands access to Eurosystem… Read More

 Tagged ecb, europe, european central bank, payments

February 20, 2025 @ 8:17 am By Omar Faridi  |  

Total UK fintech investment has reportedly declined to $9.9 billion in 2024, down a considerable 27% from $13.6 billion in 2023, according to KPMG’s Pulse of Fintech, a comprehensive report on fintech investment trends. KPMG noted in the research report that geopolitical uncertainty, high levels… Read More

 Tagged Fintech funding, Fintech Investments, research, uk, united kingdom

February 20, 2025 @ 6:06 am By Omar Faridi  |  

London-based money transfer firm Zepz is reportedly laying off about 200 workers, according to a recent update from CNBC. Zepz – previously doing business as WorldRemit – is slashing approximately 20% of its 1000-member professional team as it closes down units operating in Poland and… Read More

 Tagged layoffs, worldremit, zepz

February 19, 2025 @ 11:47 pm By Omar Faridi  |  

Euroclear has recently announced that it has launched a US Treasury Delivery-Versus-Payment (DVP) repo service. The solution is designed “for US Treasury repo market participants operating in the US settling USD transactions.” The first trade was completed on 6 February 2025 “between Euroclear Bank and… Read More

 Tagged euroclear, repo service

February 19, 2025 @ 9:45 pm By Omar Faridi  |  

Grupo Bolsa Mexicana de Valores (BMV) and IPC, a company in technology and services related to financial markets, announced the signing of an agreement to launch the Beeks’ technology infrastructure. The deployment includes primary and disaster recovery sites in Mexico City, providing “a secure solution… Read More

 Tagged beeks technology, digitalization, ipc

February 19, 2025 @ 9:43 pm By Omar Faridi  |  

Earnix, a provider of intelligent decisioning SaaS solutions for regulated industries, announced the launch of the Earnix Copilot, “Alix.” This generative AI-driven agent is designed to enhance decision-making within the Earnix platform, driving “business outcomes and productivity for insurance and banking organizations.” With the Earnix… Read More

 Tagged ai, digitalization, earnix, Gen AI

February 19, 2025 @ 5:10 pm By Omar Faridi  |  

Daniel Gorfine, Founder & CEO, Gattaca Horizons LLC, is pleased to join J. Christopher Giancarlo and Brian Peters in co-authoring a piece in the Milken Institute Review that makes the case for payments modernization in the U.S. As noted in the paper, over the past… Read More

 Tagged digitalization, payments, research, united states

February 19, 2025 @ 12:51 pm By Omar Faridi  |  

Software as a Service (SaaS) cloud banking platform Mambu announces a partnership with Ibercaja Banco, one of Spain’s financial institutions, to launch a consumer finance entity in early 2025. The partnership underscores Mambu’s expertise in enabling incumbent banks to develop consumer-focused solutions “with speed, agility and innovation… Read More

 Tagged banking, cloud, mambu, saas, spain

February 19, 2025 @ 12:50 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Feedzai, an AI solution provider in financial crime prevention, announced they are joining forces to make it easier for banks to identify and stop scams. As payments continue to evolve, fraudsters are increasingly “using AI to scam consumers.” This cost more… Read More

 Tagged digital transactions, feedzai, mastercard, scams

February 19, 2025 @ 12:47 pm By JD Alois  |  

The UK Financial Conduct  Authority (FCA) and Payment Systems Regulator (PSR) have published a statement on the rise and usage of digital wallets. The two regulators note that the use of digital wallets has grown in recent years, with card transactions using a digital wallet… Read More

 Tagged apple, cma, digital wallets, fca, google, psr, uk, united kingdom