Compliance An Evolving Activity: Ncontracts

Ncontracts’ The Future of Compliance describes compliance’s transition from more of a mundane obligation into a strategic priority. However, that change, still ongoing, has been far from smooth. Compliance has become a strategic function, with 82% of respondents saying they are satisfied with board and… Read More

American Fintech Council Endorses the Bank-Fintech Partnership Enhancement Act

The American Fintech Council (AFC) has issued a statement in support of the Bank-Fintech Partnership Enhancement Act (HR 6552). The legislation requires the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to study how… Read More

BNPL Fintech Affirm Partners with REVOLVE to Bring Flexible Payments to UK and Canadian Consumers

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Revolve Group, Inc. (NYSE: RVLV), the fashion retailer for Millennial and Generation Z consumers, announced an expansion of their partnership that makes it easier for shoppers in Canada and the… Read More

DTCC Aims to Extend CME Group Cross-Margining Arrangement to End-User Clients

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, and CME Group, the world’s derivatives marketplace, announced progress on their efforts to “extend their existing cross-margining arrangement to end-user clients.” Specifically, the Fixed Income Clearing Corporation… Read More

PayPal Pursues Utah Industrial Bank Charter

Payments provider PayPal (NASDAQ:PYPL) is pursuing a Utah-chartered industrial loan company. The company has submitted its application to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation. An industrial bank charter is a state-issued license, primarily in Utah, allowing a financial institution… Read More

TrueLayer Joins Board of New Open Banking Entity: UK Payments Initiative (UKPI)

TrueLayer, a European payments network that offers Pay by Bank payments, is reporting that its Chief Operating Officer, Rob Kerrigan, will be joining the newly formed UK Payments Initiative (UKPI). TrueLayer joins 30 other firms in the payments sector, including all major UK retail banks…. Read More

UK Financial Conduct Authority Updates on Open Banking

The UK Financial Conduct Authority (FCA) has posted an update on Open Banking. Unlike in the US, the UK has outlined prescribed requirements for financial services firms to allow customers to control their data, specifying who may access it, while providing streamlined processes for changing… Read More

Fintech Airwallex Focuses on UK Business Expansion with Plans to Make Investments

Airwallex, a financial platform for businesses, announced it will inject $590 million into its UK business across the next 5 years (2026 to 2030) to drive local and growth. The investment will be spent on a range of activities “including a hiring surge which will… Read More

Digital Assets focused Sygnum Bank Partners with BNY on USD Settlement Services

Sygnum, a global digital asset banking group, announces it has launched its collaboration with BNY (NYSE: BK), a global financial services company, as one of its USD settlement providers. The collab, which is reportedly one the first with a European digital asset bank in this… Read More

Octane Closes $100M Series F

Octane has closed its Series F funding round of $100 million in equity capital. The raise includes new equity capital to be used for growth initiatives, and amounts to be used for secondary share transfers. Valar Ventures led the round with participation from Upper90, Huntington Bank, Camping World and Good Sam, Holler-Classic, and… Read More

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