Remitly Shuts Down Israeli R&D Center, Laying Off 110 Employees Amid Broader Industry Challenges

In a significant restructuring move announced recently, Remitly (NASDAQ: RELY), an international money transfer service provider, has announced the closure of its research and development facility in Israel, resulting in the elimination of approximately 110 positions. This decision comes roughly three years following the company’s… Read More

Digital Bank OakNorth Extends $78M Co-Loan to Real Estate Developer Bushburg

In an effort to address New York City’s ongoing housing crisis, OakNorth, a specialist in commercial lending, has partnered with Oak Funding to extend a $78 million co-loan to real estate developer Bushburg. This financing will facilitate the purchase and redevelopment of 100 William Street,… Read More

Mobile Money Services Expected to Surge in Emerging Markets, Report Claims

Mobile money services are poised for unprecedented expansion, particularly in emerging markets. According to a recent study by Juniper Research, the number of mobile money users in these regions is projected to surge to 2.2 billion by 2030, representing over 53% of the adult population…. Read More

UK’s Shared Expenses Soar to £1.16B in Past Year : Research

Digital bank bunq has indicated that the United Kingdom saw a significant uptick in shared financial transactions last year, reaching a total of £1.16 billion. According to insights from bunq, this figure, equivalent to approximately €1.34 billion, marks a 27.2% growth compared to the £909… Read More

UK’s Starling Bank Focuses on Global Growth with Software Sales to US Lenders

Starling Bank is now marketing its proprietary banking software to financial institutions in the United States. This initiative seeks to leverage the persistent reliance of many U.S. banks on aging infrastructure, allowing Starling to generate new revenue streams while addressing modernization needs in the US… Read More

Revolut Strengthens Internal Group Managing Share Sales Without Wall Street Banks

Digital bank Revolut is taking a step forward to manage its own strategy in the capital markets by expanding its internal team dedicated to secondary share sales. Rather than relying on traditional Wall Street investment banks, the company is hiring additional talent to handle these… Read More

Bolt, Socure Announce Identity Partnership

Bolt, a checkout, identity, and payments company, this week announced a strategic partnership with Socure to supercharge Bolt ID, its checkout-native identity layer designed to verify real people in real time at the moment of purchase. Bolt has built an ecosystem of merchants and consumers,… Read More

PayPal Names Enrique Lores President, CEO

PayPal has appointed Enrique Lores as president and CEO, effective March 1. Lores, who has served on the PayPal board for nearly five years and as chair since July 2024, succeeds Alex Chriss. CFOO Jamie Miller will serve as interim CEO until Lores assumes the… Read More

1inch Survey Finds DeFi Optimism High

Results of a recent survey by DeFi firm 1inch suggests sentiment among DeFi users remains positive heading into 2026, with 72% of respondents globally expressing optimism about the sector’s future. U.S. users reported one of the highest confidence levels at 83%, while sentiment across Asian… Read More

MassPay Integrates TaxBandits Capability

MassPay, a payout orchestration platform, is partnering with TaxBandits to integrate comprehensive tax compliance services directly into its platform. The integration enables MassPay customers to offer automated 1099 and 1042 form management, W-8/W-9 collection, and IRS TIN matching to their users. For businesses managing contractor… Read More

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