UQPAY Launches Stablecoin/TradFi Payment Platform

UQPAY, a Singapore-headquartered global fintech company, has launched a dual-rail full-stack payment platform, purpose-built to help businesses operate across traditional finance and stablecoin-based payment ecosystems. Supporting 200-plus markets and more than 140 currencies, the platform integrates global acquiring, global accounts, card issuing, and stablecoin accounts… Read More

Crossover Markets Confirms $31M Series B

Crossover Markets this week announced a $31 million Series B financing round. The round values Crossover at $200 million and was led by Tradeweb Markets (Nasdaq: TW), a global provider of electronic trading across asset classes, with participation from DRW Venture Capital, Ripple, Virtu Financial,… Read More

Vivox AI Raises £1.3M For Financial Crime Protection Agents

Vivox AI, a UK-based technology company building regulator-ready, atomic AI agents for AML, KYB/KYC and financial crime, has raised £1.3 million (€1.5 million) to accelerate product development and scale its enterprise platform. The round includes backing from Axel Weber, former president of Germany’s central bank… Read More

Billtrust’s Agentic Credit Lines Identifies Payment Risks

Billtrust this week introduced Agentic Credit Lines, a new AI‑powered capability that helps finance teams proactively identify payment risk and make faster, more confident credit decisions. Agentic Credit Lines, embedded in the Billtrust Credit Review workflow, analyzes payment history, utilization patterns, and external credit data… Read More

Data Encryption Firm Evervault Raises $25M Series B

Evervault has raised $25 million Series B financing led by Ribbit Capital with participation from Index Ventures, Sequoia Capital, Kleiner Perkins and Operator Partners. The round brings Evervault’s total funding to $46 million, and will be used to expand its encryption infrastructure, invest in product… Read More

Payfinia, CU*SOUTH Launch Embedded Payments, Wallet Partnership

      Payfinia, providers of an open payments framework, has partnered with CU*SOUTH, a credit union-owned credit union service organization. This partnership will provide credit unions with opportunities to leverage advanced embedded payment solutions and unique digital wallet services. CU*SOUTH’s member credit unions now… Read More

50+ Banks Sign On to New Swift Platform

  Consumers and small businesses receiving payments in a range of countries, including five of the world’s largest remittance markets, will be among the first to benefit as Swift and banks globally roll out a new framework for cross-border retail payments. Payments sent across popular… Read More

Finastra incorporates AI into Payments for Bank Customers

Finastra, a banking tech provider, says it has incorporated artificial intelligence, called OperatorAssist, into its payments platform. Finastra states that errors and inefficiencies continue to take significant time, and this new service addresses these issues by automating analysis and providing solutions, reducing the cost of… Read More

Morgan Stanley’s Job Cuts Highlight a Shifting Landscape in Finance and Tech Due to AI Adoption

Photo courtesy notionscapital on Flickr

Morgan Stanley (NYSE:MS) has initiated a significant workforce reduction, eliminating around 2,500 positions globally—roughly 3% of its total staff. The moves affect key areas including investment banking, trading, wealth management, and investment management, while leaving financial advisors untouched. This restructuring follows a year of solid… Read More

Digital Bank Revolut Submits Application for US Banking License

Digital bank Revolut has officially applied for a US national bank charter. The submission to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation seeks to create Revolut Bank US, N.A., enabling the London-based firm to operate as a full-fledged… Read More

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