April 22, 2025 @ 8:35 pm By Omar Faridi  |  

Tuum, the core banking provider, announced the launch of its foundational Islamic Banking and Finance solutions, marking a key milestone towards delivering comprehensive, Sharia-compliant financial services. This initiative is said to focuse on the main principles of Islamic banking, laying the groundwork for a platform… Read More

 Tagged core banking, islamic finance, sharia'h compliant, tuum

April 22, 2025 @ 1:45 pm By Omar Faridi  |  

motusbank, the digital-only bank launched by Meridian Credit Union in Q2 2019, will shut down by early 2026. Meridian, which is reportedly Ontario’s largest credit union, and Coast Capital Savings jointly announced that they will absorb motusbank’s accounts and assets, pending regulatory approval. This closure… Read More

 Tagged canada, digital banking, motusban, startups

April 22, 2025 @ 12:36 pm By Tony Zerucha  |  

NewCo Capital Group, a provider of business financing, has expanded into Canada. With nationwide service now available across every Canadian province and territory, NewCo brings accessible, non-bank funding solutions to small and medium-sized enterprises. The move strengthens NewCo’s international footprint as part of its broader global… Read More

 Tagged Albert Gahfi, canada, NewCo Capital Group, Omer Navon, sme financing

April 22, 2025 @ 11:00 am By Omar Faridi  |  

MSCI Inc. (NYSE:MSCI) and Moody’s Corporation (NYSE:MCO) will jointly create a solution to provide independent risk assessments for private credit investments at scale. As the private credit market continues to evolve and grow, the need for consistent standards and better tools has “become essential for… Read More

 Tagged moody's, msci, private credit, product update, risk assessments

April 22, 2025 @ 10:43 am By Tony Zerucha  |  

Fiserv (NYSE: FI), a global provider of payments and financial services technology, together with the Kansas Office of the Governor, today announced their plan to open a new strategic fintech hub in Overland Park, the largest suburb in the Kansas City metropolitan area. This location will… Read More

 Tagged fiserv, frank bisignano, kansas, laura kelly, payments

April 22, 2025 @ 9:39 am By Tony Zerucha  |  

ROH, a hospitality industry payments management platform, today announced the successful completion of a $9.2 million financing round, led by Highgate Technology Ventures, a venture and growth equity firm focused on the hospitality and travel industries, and Acrew Capital. As part of the transaction, Raja Goel and Kurien… Read More

 Tagged Ankur Randev, Jess Conroy, john gardner, Kurien Jacob, Raja Goel, ROH

April 22, 2025 @ 8:53 am By Omar Faridi  |  

On April 21, 2025, stablecoin issuer Circle announced the launch of its  Circle Payments Network (CPN). Unveiled from the company’s headquarters on the 87th floor of One World Trade Center in New York City, this initiative marks a step toward transforming the global payments and… Read More

 Tagged circle, payments, product update, stablecoins, usdc

April 22, 2025 @ 7:46 am By Omar Faridi  |  

Circle and BitGo are preparing to apply for U.S. bank charters, according to a Wall Street Journal report. The report also indicates that digital assets firms Coinbase (NASDAQ:COIN) and Paxos are exploring similar paths, driven by evolving stablecoin regulations and a shifting political landscape under… Read More

 Tagged bank charters, banking, bitgo, circle, coinbase, paxos

April 22, 2025 @ 4:41 am By Omar Faridi  |  

Nearly three-quarters (72.5%) of UK businesses have seen an increase in online fraud over the past 12 months, according to a new survey commissioned by Veriff. The global identity verification firm’s UK Fraud Industry Pulse Survey, which polled 200 fraud professionals “across financial services, technology,… Read More

 Tagged fraud, Research Study, uk, united kingdom

April 22, 2025 @ 3:05 am By Tony Zerucha  |  

Global branded payments provider Blackhawk Network has partnered with Monadnock Paper Mills to introduce Renovo, a sustainable, fibre-based gift card substrate. A more eco-friendly alternative to PVC, Renovo introduces a new level of card resilience and manufacturing compatibility through its 30-point thickness and proprietary treatments. Already certified for use… Read More

 Tagged blackhawk network, Cara Renfroe, gift cards, Lisa Taylor, Monadnock Paper Mills, Renovo