Global

March 12, 2025 @ 9:32 am By Omar Faridi  |  

On March 7, 2025, the US Department of Justice (DOJ), in an operation alongside authorities in Germany and Finland, announced the disruption of Garantex, a Russia-based cryptocurrency exchange allegedly known for its deep ties to the global cybercrime economy. This coordinated effort resulted in the… Read More

March 12, 2025 @ 9:13 am By Tony Zerucha  |  

The British Business Bank’s Small Business Finance Markets 2024/25 report, published this week, finds that challenger and specialist banks’ share of gross lending is the highest on record – accounting for 60% and outperforming the UK’s big five banks. The report also finds that business… Read More

March 12, 2025 @ 9:00 am By JD Alois  |  

Digital security enabler Securitize has announced that it will utilize Redstone as its blockchain oracle to support tokenized assets on DeFi ecosystems. Securitize is one of the leading, regulated  tokenization platforms in the world. The company works with big institutions including Apollo, BlackRock, Hamilton Lane,… Read More

March 12, 2025 @ 8:15 am By Omar Faridi  |  

The European Union appears to be feeling the pressure to fast-track its digital euro project as the Trump administration in the United States signals a warmer embrace of cryptocurrencies, particularly stablecoins. With the European Central Bank (ECB) aiming to wrap up its testing phase for… Read More

March 12, 2025 @ 8:14 am By Omar Faridi  |  

Research from Lloyds has found nearly a quarter (24%) of UK adults think all their savings are tax free, regardless of the type of account and amount saved. Every tax year, people can save and invest up to “£20,000 tax-free, as long as the money… Read More

March 12, 2025 @ 8:12 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) is stepping up efforts to address the relatively slow adoption of artificial intelligence (AI) in the banking sector, citing concerns that overly aggressive regulatory requirements may be stifling innovation. In a move to tackle this pressing issue, the FCA… Read More

March 11, 2025 @ 11:05 pm By Omar Faridi  |  

Global Fintech Adyen (AMS: ADYEN), released its 2024 Annual Report, providing a detailed look at its business performance, overall strategic direction, and key achievements during the past financial year. The report underscores Adyen’s continued growth and its role as a key player in the international… Read More

March 11, 2025 @ 10:08 pm By Omar Faridi  |  

A research study released by Fintech firm Wise has (LON: WISE) uncovered a considerable financial burden on US based small- and medium-sized businesses (SMBs). In 2024, these enterprises paid an estimated $153 billion in hidden fees, a pervasive yet often overlooked cost that is quietly… Read More

March 11, 2025 @ 10:05 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with CMU OmniClear Limited, a company established to carry out the operations of the Central Moneymarkets Unit (CMU) on behalf of the Hong Kong Monetary… Read More

March 11, 2025 @ 5:28 pm By JD Alois  |  

Crypto payments network Mesh is reporting a Series B funding round of $82 million. The company states that it has raised $120 million to date. As a novelty, the funding was managed using PayPal USD (PYUSD). The funding was led by Paradigm, with participation from… Read More

March 11, 2025 @ 1:10 pm By Tony Zerucha  |  

This week, the Pan-African Payment and Settlement System (PAPSS) was launched in Kenya and Rwanda. Launched by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, PAPSS was launched by KCB Group… Read More

March 11, 2025 @ 11:20 am By Omar Faridi  |  

StockX, a global resale marketplace for current culture products, announced that it has partnered with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. Eligible StockX shoppers in the U.S. may now access Affirm’s flexible payment plans when purchasing “coveted… Read More

March 11, 2025 @ 11:05 am By JD Alois  |  

ClearBank has selected former CFO Mark Fairless as its new CEO. According to a release, founder and former CEO Charles McManus will continue with the bank as a member of the Board of Directors, helping to guide the firm’s strategy. McManus will also remain as… Read More

March 11, 2025 @ 9:37 am By JD Alois  |  

AI-enhanced cybersecurity firm Sola Security has announced a $30 million seed round as it emerges from stealth mode. The funding was led by S Capital, with other investors participating, including S32, Glilot Capital Partners, and individual angels. Sola was Founded in 2024 by Guy Flechter, the former… Read More

March 11, 2025 @ 8:58 am By JD Alois  |  

Paytech Blink Payment says it has integrated with Paracode, a provider of insurance software. Blink explains that ParaCode provides insurance firms, brokers and others tools like claims management, reporting accounting and other tasks. The company states that the partnership will enable insurance firms to process… Read More

March 11, 2025 @ 8:05 am By Omar Faridi  |  

The overall interest in digital assets continues to surge, with many investors increasingly allocating substantial portions of their investment portfolios to cryptocurrencies, undeterred by an evolving regulatory landscape. This, according to a report from KPMG. This resilience is examined in a research study conducted by… Read More

March 11, 2025 @ 8:04 am By Omar Faridi  |  

Experian noted that research released for Credit Awareness Week, reveals rising costs (61%) and economic uncertainty (58%) are the two biggest barriers for British businesses striving for sustainable long-term growth. Additional barriers cited include “consumer confidence, regulatory changes and cybersecurity threats.” To combat these challenges,… Read More

March 11, 2025 @ 8:02 am By Omar Faridi  |  

In their Q1 2025 analyst note, PitchBook researchers have shared an analysis of the evolving role of stablecoins in the global financial ecosystem. Released in early 2025, the report underscores the widespread use of these digital assets, which are pegged to stable benchmarks like major… Read More

March 11, 2025 @ 6:00 am By JD Alois  |  

Fineqia (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) has announced that its Cardano ETN has been coss listed on the Stuttgart Stock Exchange. The FTSE Cardano Enhanced Yield (YADA) is an Exchange Traded Note. The YADA ETN was initially launched in January 2025 on the Vienna… Read More

March 10, 2025 @ 11:20 pm By Omar Faridi  |  

The FT recently reported that big banks are racing to keep pace with fintech startups in the rapidly growing arena of deferred payment solutions, such as Buy Now Pay Later (BNPL) services. This shift highlights a broader trend where traditional financial institutions are being challenged… Read More