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We find Fintech news from around the world and share it with you here.

US Treasury Central Clearing Survey : American Firms Have Confidence in Readiness while Europe and Asia Lag Behind

SIFMA, BNY, Broadridge and The Depository Trust & Clearing Corporation (DTCC), in collaboration with The ValueExchange, today released findings from their “U.S. Treasury Central Clearing Pulse Survey”, which draws upon insights from global market participants. The survey, conducted by The ValueExchange, was meant to provide… Read More

USA Dominates Artificial Intelligence (AI) Start Up Funding, Europe Will Suffer Due to Lack of Access to Capital for Early Stage AI Firms

The artificial intelligence (AI) sector is red hot. Sure, some are predicting a bubble, but this is no dot.com bomb from the 2000s. The technology is real, and expectations are that just about every business will benefit from AI. This is a multi-decade transition to… Read More

Bermuda Monetary Authority Grants First DAO License

The Bermuda Monetary Authority (BMA) has granted its first DAO, or Decentralized Autonomous Organization, license. According to a release, DerivaDEX has received a Digital Asset Business License for a DAO-governed decentralized derivatives exchange. Honourable E. David Burt, JP, MP, Premier of Bermuda, said the future… Read More

US Department of Treasury, in Partnership Government of Mexico Sanctions Individuals, Firms in Regard to Organized Crime, Money Laundering

In a wide-ranging attack on drug-based money laundering, the US Department of the Treasury, in partnership with the Mexican government, has applied sanctions and other measures to undermine organized crime operating in Mexico, Europe, Canada, and elsewhere. The Office of Foreign Assets Control (OFAC) and… Read More

Secretary of the Treasury Scott Bessent Anticipates Stablecoin Market at $3 Trillion

In comments delivered today at the Treasury Market Conference, held at the Federal Reserve Bank in New York, Secretary of the Treasury Scott Bessent speculated about the looming growth of the stablecoin market. “Payment Stablecoins,” as defined under the GENIUS Act, are expected to boost… Read More

More Debanking: JP Morgan Probed, Bank of America Snubbed

Debanking —the nefarious practice of canceling financial services to individuals or organizations out of political favor —was rampant during the Biden Administration. Last January, the Senate Banking Committee held a hearing on the subject, highlighting some of the pejorative actions taken by financial services firms… Read More

Webull’s Anthony Denier Says Expanding into Corporate Bonds Is Next Step in Fixed Income Strategy

Anthony Denier, Group President and U.S. CEO of Webull, has shared some insights with CI. Webull (NASDAQ: BULL) had recently introduced corporate bond trading for U.S. customers, enabling investors to purchase and sell individual corporate bonds directly via Webull’s desktop and mobile platforms. This expansion… Read More

Regtech : Gen II Announces Fenergo Rollout to Enhance Investor AML and KYC Onboarding

Gen II Fund Services, a global private capital fund administrator, today announced the rollout of Fenergo, an onboarding and lifecycle management solution designed to enhance client and investor experiences of AML and KYC processes across the fund lifecycle. The rollout has now started in Europe… Read More

KPMG UK Comments on Recent Labour Market Data

Yael Selfin, Vice Chair and Chief Economist at KPMG in the UK, has shared key insights and comments on the recent labour market data. Selfin noted that the United Kingdom‘s labour market continues to weaken as employers await seemingly vital Budget updates. Yael Selfin of… Read More

PayPal Relaunches Unified Payments Experience in the UK

PayPal (NASDAQ: PYPL), which offers one of the widely-used digital wallets in the United Kingdom, is reportedly relaunching as a “unified” payment experience for clients to shop online and now in-stores. PayPal’s offering is intended to make shopping more rewarding for British consumers. Beginning now,… Read More

Payments Fintech Zilch Announces $175M+ Round to Enable Business Growth

Zilch, the consumer payments platform enabling digital commerce, announced it has raised more than $175 million in debt and equity. Led by KKCG, the funding round includes contributions from BNF Capital and other investors. The recent raise also includes the expansion of its securitization led… Read More

Aussie Small Businesses Exhibit Recovery Signs as Revenue Rebounds : Research

Global small business platform, Xero, released its latest Small Business Insights (XSBI) update, indicating that small business sales and revenue surged around 5.5% during the past September quarter – which is said to be the strongest quarterly result in the last 2 years. The recent… Read More

Global Fintech Adyen Streamlines In Person Payments Offering with New Terminals

Adyen (AMS: ADYEN), the global financial technology platform for various businesses, announced recently the launch of two terminals; the S1E4 Pro and S1F4 Pro. Designed and intended for challenging environments across various sectors such as retail, food & beverage, hospitality and beauty & wellness, the… Read More

Hexaware Technologies Extends Google Cloud Collab with New Insurance Solutions

Hexaware Technologies (NSE: HEXT), an international provider of IT solutions and services, announced the launch of new insurance solutions developed exclusively for Google Cloud. The offerings strengthen Hexaware’s collaboration with Google and reflect a focus on accelerating digital transformation via automation, AI, and scalable cloud-native… Read More

Open Payments Fintech Spreedly to Support Brazil’s Pix Automático and NuPay via EBANX

Spreedly, a global enabler of open payments, announced support for Brazil’s Pix Automático and NuPay through EBANX, a technology firm specializing in payment services for emerging markets. Via this collab, merchants gain access to two of Brazil’s payment channels through a single integration. This expansion… Read More

Treasury Managers Now Operating at Interface of Financial Stability and Digital Tech Advancements : Research

KPMG noted recently that treasury managers currently tend to operate at the interface of financial stability, digital tech advancements and strategic corporate management. KPMG pointed out that as a result of this, they typically have to deal with a range of challenges, such as the… Read More

Accenture, Apptio Partner with PPL to Leverage Technology Spending Insights

Accenture (NYSE: ACN) and Apptio are working cooperatively with PPL Corporation, a U.S. energy firm offering electricity and natural gas to more than 3.6 million customers in the U.S., in order to transform how the company prioritizes and manages technology spending—all in support of “delivering… Read More

IOSCO Report Provides Guidance for Securities Regulators and Neo-Brokers

IOSCO has released its final report on neo-brokers. As explained in the update, neo-brokers are described as a subset of broker-dealers that offer services via a business model characterized by the use of seamless client interfaces, leverage of social media platforms, and the provision of online… Read More

Lloyds Banking Group Introduces AI Enabled Financial Management Tool

Lloyds Banking Group will launch the UK’s first large-scale, multi-feature AI-powered financial assistant, set to transform the way over 21 million customers manage their money through the mobile app. This launch is a key milestone in Lloyds Banking Group’s journey to embed AI as a… Read More

Venture Valuations Begin to Surge as Liquidity Returns : Research

PitchBook noted that venture valuations are surging as liquidity begins to creep back up. Now, with liquidity returning, though still relatively modest when compared with recent years, venture market pricing has started to rise. The researchers at PitchBook also mentioned that across all investment stages,… Read More

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