Global

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

Central Bank of Ireland Announces Enforcement Action Against Coinbase Europe for AML Failures

The Central Bank of Ireland fined Coinbase Europe Limited , part of Coinbase Global (NASDAQ:COIN), €21,464,734 for allegedly breaching its anti-money laundering and counter terrorist financing transaction monitoring obligations between 2021 and 2025. Specifically, the Central Bank said it has fined Coinbase Europe for violating applicable… Read More

UK Professional Services Sector Profits Increase with AI Adoption : Research

AI adoption within UK accountancy and bookkeeping practices is now said to be signficantly enhancing sector profitability, driving a considerable boost to the wider economy and fundamentally transforming hiring across the industry. This is according to a recent research study released by Xero, the small… Read More

Tether Enables Tokenized Capital Markets via Agreement with KraneShares, Bitfinex Securities

Hadron by Tether, the asset tokenization platform of Tether, KraneShares, the global asset management group, and Bitfinex Securities, the regulated tokenized securities platform, entered into an agreement to accelerate the ongoing development and adoption of tokenized securities across major markets. As tokenization reshapes the manner… Read More

DAT Report : Digital Asset Treasury Model Matures from Niche Corporate Strategy to Growing Market

The Digital Asset Treasury (DAT) model has matured from a somewhat niche corporate strategy into a growing market, with public firms holding more than $130 billion in digital assets. This particular DAT model, which defines a class of public firms accumulating digital assets as a… Read More

Ripple Partners with Mastercard, WebBank, Gemini to Enable Stablecoin Settlement with RLUSD

Ripple has announced a collaboration with Mastercard (NYSE:MA) , WebBank, and Gemini (NASDAQ:GEMI). Together they’ll explore the use of Ripple USD (RLUSD) on the XRPL, a public blockchain built for efficient payments, in order support stablecoin settlement of fiat card transactions. The initiative is supposed… Read More

IREN Announces $9.7B AI Cloud Contract with Microsoft

IREN Limited (NASDAQ: IREN) announced it has signed a multi-year GPU cloud services contract with Microsoft. IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a 5-year term, with a total contract value of approximately “$9.7 billion, including a 20% prepayment.” IREN has… Read More

Global Fintech Thunes Enables WeChat Pay HK’s Expansion in Cross-Border Money Transfers

Thunes, the Fintech moving money around the world, announces an alliance with WeChat Pay HK, the Hong Kong dollar denominated e-wallet, to enable its expansion in international money transfers. Thanks to the collaboration, WeChat Pay HK users based in Hong Kong are now able to… Read More

Fintech Marqeta Enables Expansion of Klarna Debit Card Across European Markets

Marqeta, Inc. (NASDAQ: MQ), the modern card issuing platform, announced it is working with Klarna (NYSE:KLAR), the digital bank and flexible payments provider, to expand the Klarna Card into 15 new European markets. This launch extends Marqeta’s partnership with Klarna and leverages Visa’s Flexible Credential… Read More

Listed Crypto Exchange Safello Expands Into Finland

Crypto exchange Safello has announced its expansion into Finland, its first new market. Safello Group AB, has been listed on Nasdaq First North Growth Market since 2021. The company said that it would commence services in Finland before the end of the year. Safello is… Read More

Chainlink Runtime Environment Aims to Unlock Capabilities of Onchain Finance

Chainlink Runtime Environment (CRE) aims to serve as the all-in-one orchestration layer tapping into institutional-grade smart contracts for onchain finance. Before the launch of the Ethereum Virtual Machine (EVM), smart contract development was said to be quite complex due to the fairly limited programmability of… Read More

Bitcoin Suisse, Solstice, Obol Enable Sovereign Validator Infrastructure for Liechtenstein Trust Integrity Network

Bitcoin Suisse has announced its role as a founding validator operator for the Liechtenstein Trust Integrity Network (LTIN), which is described as a state-backed blockchain infrastructure initiative aiming to offer regulatory-compliant services to European enterprises and institutions. As a launch partner, Bitcoin Suisse will intend… Read More

Swiss Stock Exchange SIX to Support Worldline’s Transformation Plans

SIX has recently announced that it supports Worldline’s transformation plans and will back various proposals at the planned extraordinary general meeting. Worldline remains a key partner of SIX in the payments sector. Reflecting its capital allocation and strategic business growth priorities, SIX stated that it… Read More

Fintech Industry Professional Comments on UK Government’s Financial Inclusion Strategy

In response to the UK government releasing the Financial Inclusion Strategy, Viktor Prokopenya, the Founder of Capital.com, has shared key insights with CI. Viktor Prokopenya of Capital.com has said there is now a pressing need to improve financial literacy, which equates to “a need to… Read More

Fintech Currenc Group Announces Proposed Reverse Merger with Animoca Brands

Currenc Group Inc. (Nasdaq: CURR), a fintech that is enabling financial institutions with artificial intelligence solutions, announced it entered into a non-binding term sheet with Animoca Brands Corporation Limited in relation to a potential proposal for Currenc “to acquire 100% of Animoca Brands’ issued shares… Read More

tZERO, Voatz Partner to Bring Blockchain Transparency to Corporate Proxy Voting

tZERO Group, Inc., a key player focused on blockchain and tokenization for capital markets, and Voatz, a firm specializing in secure mobile voting, announced a collaboration in order to deliver blockchain‑backed proxy voting. tZERO as well as its broker-dealer subsidiaries were reportedly among the first… Read More

Rain Joins Western Union’s Digital Asset Network, Enabling Payment Utility for Stablecoins

Rain, the enterprise-grade infrastructure for stablecoin-powered payments, has recently announced plans to participate in the Western Union Digital Asset Network in order to bring everyday cash access to clients. This integration enables users to convert stablecoins held in Rain-powered wallets into local cash payouts at… Read More

UBS Executes Live Tokenized Fund Transaction with Chainlink Digital Transfer Agent Technical Standard

UBS  (NYSE:UBS) announces the “first” completion of an in-production, end-to-end tokenized fund workflow leveraging the Chainlink Digital Transfer Agent (DTA) technical standard. The completion of the first on-chain subscription and redemption request of the UBS USD Money Market Investment Fund Token (uMINT), a Money Market… Read More

Europol: Criminal Use of Crypto Becoming More Sophisticated

Last month, an event was held in Vienna where Europol, UNODC, and the Basel Institute on Governance joined to discuss criminal activity in the crypto sector. In brief, the group sees crypto-crime as becoming more sophisticated. Burkhard Mühl, Head of Europol’s European Financial and Economic… Read More

Post Trade Solution Provider Tokenovate Launches Programmable Settlement Offering

Tokenovate, a UK-based Fintech offering post-trade solutions, has announced a new service called Novat, which is described as providing programmable settlements for tokenized assets. As all asset classes, including securities, become digital or tokenized, there are opportunities for innovators to provide modern services to capital… Read More

Clearstream Introduces Tokenized Securities Platform, Leveraging DLT

Clearstream, a provider of post-trade services and part of Deutsche Börse Group, has launched a tokenized securities platform: D7 DLT. With D7 DLT, Clearstream facilitates the issuance and management of securities, based on distributed-ledger technology (DLT) and compliant with the central securities depository regulation (CSDR)…. Read More

Send this to a friend