Global

March 8, 2025 @ 4:23 pm By Omar Faridi  |  

A recent report from blockchain security and analytics firm Chainalysis  highlights the escalating threat of damaging cyberattacks in the web3 and cryptocurrency sector and offers an extensive blueprint for virtual currency exchanges to strengthen their defenses against these malicious activities. The research report leverages insights… Read More

March 8, 2025 @ 4:20 pm By Omar Faridi  |  

IDnow, an identity verification platform provider in Europe, today announced a new strategic investment from Corsair Capital, a specialist investment firm targeting payments, software, and business services investments in the financial services sector. With this transaction, Corsair will now reportedly acquire a majority stake in… Read More

March 8, 2025 @ 4:16 pm By Omar Faridi  |  

Tuum, a core banking provider, is pleased to announce its new status as a Mastercard Digital Activity Service Provider (DASP), which will reportedly enable seamless integration with the Mastercard Digital Enablement Service (MDES). This latest partnership announced by Fintech firm Tuum aims to empower both… Read More

March 8, 2025 @ 4:14 pm By Omar Faridi  |  

Sygnum, a digital asset banking group, announces the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, the world’s largest crypto derivatives exchange. This latest integration enables traders to hold their assets in a regulated banking institution with “institutional-grade” security, while “accessing the… Read More

March 8, 2025 @ 4:10 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced that Accenture Ventures has invested in Aaru, creators of the AI-powered prediction engine that simulates consumer behavior and preferences, driving “stronger” customer experiences, new growth opportunities as well as “speed-to-market.” As part of this collab, Accenture Song reportedly intends to integrate… Read More

March 8, 2025 @ 4:08 pm By Tony Zerucha  |  

Lili, a financial platform designed for small business owners, announced this week that Lili Connect is available to eligible entrepreneurs who are not U.S. residents, a key milestone in Lili’s emerging global footprint. Through Lili Connect, corporate formation services partners can now offer their customers… Read More

March 8, 2025 @ 11:33 am By Omar Faridi  |  

Seventy-six percent of US consumers are reportedly cutting back on spending, up from 67% in 2024, according to findings from the Wells Fargo Money Study. For adults in the first half of their financial lives, these numbers are even higher, with “82% of Gen Z… Read More

March 8, 2025 @ 11:22 am By Omar Faridi  |  

Lloyds Banking Group, which is one of the United Kingdom’s largest FIs serving a large and diverse customer-base, is set to cut hundreds of permanent IT jobs in the UK while simultaneously hiring engineers for similar roles in India, according to a recent FT report…. Read More

March 8, 2025 @ 10:22 am By Omar Faridi  |  

Maple Finance announced that Bitwise Asset Management, a crypto specialist asset manager with $12B+ in client assets, has made its  institutional allocation leveraging DeFi through Maple, a key milestone in the adoption of on-chain credit by institutional allocators. This marks a pivotal step as institutional… Read More

March 8, 2025 @ 9:53 am By Omar Faridi  |  

Revolut and Visa have launched legal challenges against the UK’s Payment Systems Regulator (PSR) over its decision to impose caps on interchange fees for cross-border online payments, as reported by the FT. The move marks a considerable escalation in the ongoing tug-of-war between the payments… Read More

March 8, 2025 @ 9:51 am By Omar Faridi  |  

Global Fintech Klarna is gearing up for an initial public offering (IPO) in the United States, with reports indicating the Swedish company could file publicly as early as next week. The move, which follows a confidential filing with the U.S. Securities and Exchange Commission in… Read More

March 8, 2025 @ 9:48 am By Tony Zerucha  |  

Fireblocks, an enterprise platform for managing digital asset operations and building businesses on blockchain, has launched its Cyber and Operational Resilience (COR) Compliance Package. This suite is designed to help financial institutions meet their obligations under the new Digital Operational Resilience Act (DORA), which came… Read More

March 7, 2025 @ 7:30 pm By Omar Faridi  |  

Virtual cards are transforming the digital financial services sector by offering businesses a secure, efficient, and flexible payment solution. According to a whitepaper by Juniper Research titled The Role of Virtual Cards in Streamlining Business Payments, virtual cards are poised to transform business-to-business (B2B) payments,… Read More

March 7, 2025 @ 6:39 pm By Tony Zerucha  |  

This week’s announcement of a US strategic crypto reserve has tongues wagging across the industry. The reserve will include Bitcoin, Ether, XRP, Solana’s SOL and Cardano’s ADA. Many believe it will propel the industry forward and stimulate a bull run, but others found faults. deVere… Read More

March 7, 2025 @ 4:16 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, announced that its BrokerTec business reached a new single-day volume record of $1.05 trillion in average daily notional volume (ADNV) traded on March 3. Surpassing the ADNV of $909B for February 2025, this latest all-time high was reportedly driven by… Read More

March 7, 2025 @ 11:12 am By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced it migrated Cboe Canada’s NEO-L, NEO-N, and NEO-D trading books (collectively, the NEO Trading Platform) to Cboe TitaniumSM on March 3. Cboe Titanium is the new name of the technology platform powering… Read More

March 7, 2025 @ 11:05 am By Omar Faridi  |  

Allfunds (AMS:ALLFG), the B2B WealthTech platform for the funds industry, announces that JP Morgan Asset Management has joined the Allfunds Private Partners (APP) program. The APP program was reportedly launched back in 2023 in response to rising demand from asset managers to be able to “support… Read More

March 7, 2025 @ 9:21 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial technology platform for businesses, announced Groupe Dynamite Inc. (GDI), a Montreal-based fashion house that operates retail stores and digital experiences under two banners: Garage and Dynamite, is live with Adyen’s Giving product. Giving enables GDI to engage its customers “with… Read More

March 7, 2025 @ 9:15 am By Omar Faridi  |  

Karim Haji, Global and UK Head of Financial Services at KPMG, comments on the Money and Credit statistical release from the Bank of England. Karim Haji from KPMG noted that the sharp rise in borrowing suggests that many households “struggled to stretch disposable incomes between Christmas… Read More

March 7, 2025 @ 9:14 am By Omar Faridi  |  

Binance announced support for the Global Fintech Institute (GFI) to advance fintech education, professional development, and innovation. This collaboration aims to equip professionals with the skills needed to succeed in an era defined by artificial intelligence (AI), blockchain, and evolving financial regulations. As part of… Read More