UK Industry Professional Calls for More Collaboration Among Banks, FIs to Combat Financial Crime

Jonathan Frost, Director of Global Advisory for EMEA at BioCatch, has noted that the UK Finance half-year report indicates that although the industry appears to be pushing back, bad actors seem to be pushing even harder and, for now, gaining momentum. Frost added that during H1… Read More

Custodia, Vantage Bank, Launch Tokenized Deposits for U.S. Banks

Access to tokenized deposits is now available to community and regional banks nationwide with Custodia’s bank-grade blockchain platform and Infinant’s Interlace platform. Vantage Bank, working in partnership with Custodia, invites banks and credit unions to join the consortium, which has developed a turnkey accretive solution… Read More

FUTR, Zonetail Debut Canadian AI-Powered Rent Reporting Program

FUTR (TSXV: FTRC) and Zonetail (TSXV: ZONE) this week announced a strategic partnership to launch Canada’s first AI-powered rent-reporting program, enabling renters to build credit and earn rewards simply by paying rent. Rent is the largest monthly expense for millions of Canadians, yet it rarely… Read More

Refundly Targets Returns, Refunds

Refundly has officially launched to help shoppers track online returns and know when refunds arrive. With billions of dollars in refunds going unreturned each year, Refundly helps consumers ensure they get their money back automatically. Designed by veterans in retail, e-commerce, entertainment, and tech, Refundly tracks… Read More

ShopMy Raises $70M at $1.5B Valuation

ShopMy, a curated commerce infrastructure company, has raised $70 million in funding at a $1.5 billion valuation. The round was led by Avenir, with participation from Bain Capital Ventures, Bessemer Venture Partners, and Menlo Ventures. The round is also supported by individuals and firms, including… Read More

Prove Verified Agent Targets $1.7T Agentic Commerce Market

Prove, a provider of digital identity services, has launched Prove Verified Agent, purpose-built to secure the emerging $1.7 trillion agentic commerce market. The Prove Verified Agent solution provides the trust and verification layer for autonomous agents acting on behalf of consumers and businesses, creating an… Read More

UK’s Allica Bank Announces Acquisition of Fintech Kriya

Allica Bank announced this past week the acquisition of Kriya, the SME lending Fintech specialising in SME working capital and embedded finance. The move aims to boost Allica’s SME lending proposition and sees the UK based Fintech move into the embedded payments market. The businesses… Read More

Amlak Sells Egypt Unit to Al Baraka as Lender Expands NBFI Portfolio

Al Baraka Bank Egypt said it signed a final agreement to acquire full ownership of Amlak Finance Egypt SAE from Amlak Finance PJSC of the United Arab Emirates, as the lender moves to expand in real estate mortgage finance and non-bank financial services after receiving… Read More

Banking Sector Profits Potentially Facing Major Hit from AI Adoption, Report Claims

Banking industry profit margins are potentially facing a significant $170 billion hit from the rise of AI, according a report from McKinsey. And failure to adapt to consumers’ growing usage of artificial intelligence may lead to banks losing billions of dollars in earnings, the report… Read More

JPMorgan Plans to Accept Bitcoin and Ethereum as Collateral for Loans

JPMorgan Chase & Co. (NYSE:JPM) recently noted that it will be allowing institutional customers to use their Bitcoin (BTC) and Ethereum (ETH) as a form of collateral for loans, marking a significant shift in how Wall Street’s largest banking institutions leverages digital assets as part of… Read More

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