Deel Leverages Fintech Stripe’s Stablecoin Stack to Make Digital Payments to Contractors

Global HR focused firm Deel has launched a stablecoin-based wallet that allows independent contractors to receive, hold, grow, and spend earnings in a US dollar-based stablecoin. This Deel product update, enabled by financial technology infrastructure from Stripe and its ecosystem partners, addresses various challenges faced… Read More

Scotiabank Bank Acquires Maple Financial, Takes Control of MapleMark Bank

Toronto-based Scotiabank has agreed to acquire Maple Financial Holdings, the parent company of US commercial lender MapleMark Bank, for an undisclosed amount. The acquisition comes as Scotiabank aims to strengthen its global banking and markets business and expand its deposit capabilities in the US, according… Read More

SMS Messages and Fraud: Scam Text Messages are Increasingly Frequent and Sophisticated. This is What Needs to be Done

There is a reason your bank texts you a fraud alert instead of emailing it. People open text messages. Almost all of them, almost immediately. SMS open rates run as high as 98%, and roughly 90% of messages are read within three minutes of delivery…. Read More

SpaceX IPO Prioritizes Greater Retail Investor Access

Elon Musk’s SpaceX is now widely expected to make history with what could become the largest initial public offering ever, and it is taking an unconventional approach by reserving a substantial portion of shares for everyday investors. Reports now indicate the tech-focused company plans to… Read More

Bank of America to Roll Out Cross-Border Real-Time Payments Service Next Quarter

The next battleground in global payments may be the small, frequent transfers that move across borders every day: from gig-worker payouts to marketplace vendor payments and remittances. Bank of America plans to launch a cross-border real-time payments solution next quarter, allowing corporate, commercial and financial… Read More

Fintech Platform GoCardless Introduces Recurring Pay by Bank via UK Payments Scheme 

GoCardless has played a key role in rolling out a new industry-driven initiative aimed at advancing open banking technology. Announced recently this month, this effort introduces Recurring Pay by Bank, a solution that promises more efficient, flexible, and affordable ways to handle repeated payments directly… Read More

Fintech Adyen to Serve as Payment Provider for GOV.UK Pay Platform

The UK Government Digital Service (GDS) has selected Adyen (AMS: ADYEN) as its new payment services provider (PSP) for non-Crown card transactions and pay-by-bank options. This partnership positions Adyen to support around 1,000 public sector services, spanning local authorities, the armed forces, and police forces,… Read More

NatWest Group Commits £50M to Strengthen UK Branches and Halt Closures Until 2029

NatWest Group has introduced a significant commitment to its physical banking presence, announcing a £50 million investment in its UK branch network alongside a firm pledge to avoid any additional branch closure announcements until at least 2029. This move signals a shift toward balancing technological… Read More

Global Fintech Airwallex Acquires Leapfin, Enhancing Financial Lifecycle Capabilities

Fintech Airwallex has announced its acquisition of Leapfin, a provider of financial data automation solutions focused on revenue recognition and reconciliation processes.  This move enhances Fintech platform Airwallex’s existing offerings, enabling companies to efficiently convert raw operational transaction information into fully compliant financial statements aligned… Read More

System Limitations Hinder Financial Services Marketing

A new marketing report commissioned by Fintel Connect finds that system limitations hinder financial institutions’ abilities to measure the effectiveness of their marketing spending. The Marketing ROI Gap in Banking: How Financial Institutions Spend, Measure, and (Struggle to) Prove Marketing’s Value was completed by Cornerstone… Read More

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