Global

February 5, 2025 @ 5:50 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global financial technology firm, announced it is one of the first providers in the fintech industry “certified” to enable send capabilities for credit transfers in the Federal Reserve’s FedNow instant payment service. The addition of send capabilities and real-time alerts will… Read More

February 5, 2025 @ 5:22 pm By Omar Faridi  |  

Aviva Investors, the asset management business of Aviva plc, announces it  launched a Venture and Growth Capital fund which aims to give investors better access to “early-stage” companies and technologies. The Fund reportedly receives an initial c £150 million commitment from Aviva, as it looks… Read More

February 5, 2025 @ 12:51 pm By Omar Faridi  |  

United Fintech, the digital transformation platform, announced the full acquisition of Commercial Banking Applications (CBA), a banking tech provider focused on API-driven trade finance and payments solutions. The acquisition was reportedly financed by equity and debt from existing investors, which include four major banks: BNP… Read More

February 5, 2025 @ 10:30 am By Tony Zerucha  |  

As Open Banking becomes more popular in Latin America, Prometeo is well-positioned to be a major player in the space. Prometeo’s partners, a provider of a single API connecting businesses to every bank in 11 countries, include Santander, Bancolombia, Banco de México, and Chile’s Banco… Read More

February 5, 2025 @ 9:21 am By Omar Faridi  |  

Worldpay, a firm focused on payments tech and solutions, has announced that it entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform based in London, UK. The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of solutions and enable merchants… Read More

February 5, 2025 @ 9:19 am By Omar Faridi  |  

Pacaso, the tech-enabled real estate marketplace for co-owned luxury vacation homes, announced that it is continuing its international expansion with the acquisition of three European properties. The addition of two residences in London and one in Paris solidifies Pacaso’s presence in Europe, offering buyers “opportunities… Read More

February 5, 2025 @ 7:30 am By Omar Faridi  |  

Paxos, the blockchain and tokenization infrastructure platform, announced it has completed its acquisition of Membrane Finance, an Electronic Money Institution (EMI) based and licensed in Finland. The acquisition received regulatory approval, “making Paxos a fully licensed EMI” in Finland and the EU. Paxos issues USD-backed… Read More

February 5, 2025 @ 5:16 am By Omar Faridi  |  

PwC and Microsoft (NASDAQ:MSFT) announced a collaboration aimed at transforming industries with the power of AI agents. This collab seeks to harness AI’s potential to drive business value, “enhance customer engagement and streamline operations across various sectors.” This initiative between PwC and Microsoft focuses on… Read More

February 4, 2025 @ 10:23 pm By Omar Faridi  |  

ExtractAlpha, a provider of alternative data and analytics solutions, announced the acquisition of ESG Analytics, a platform offering real-time, actionable insights into ESG metrics. This acquisition enhances ExtractAlpha’s commitment to expanding its data-driven solutions, enabling clients to harness ESG insights for improved decision-making. The addition… Read More

February 4, 2025 @ 10:21 pm By Omar Faridi  |  

UBS (NYSE:UBS) completed a Proof-of-Concept (PoC) that simulated the UBS Key4 Gold offering on a ZKsync Validium in a test environment. The test was designed to provide solutions regarding scalability, cost, privacy, interoperability with Ethereum, and “ease of access for transacting assets.” ZKsync Validium, an… Read More

February 4, 2025 @ 10:19 pm By Omar Faridi  |  

TVM Ventures reportedly launched its inaugural fund, a $100 million initiative dedicated to expanding the ecosystem of TON blockchain as a financial network. Led by Steve Yun, the former President of TON Foundation, TVM Ventures will provide startups and enterprises with the “capital, infrastructure, and… Read More

February 4, 2025 @ 10:18 pm By Omar Faridi  |  

Plume Network announced a collaboration with Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain. Plume users can benefit from Fireblocks’ “secure” infrastructure and digital asset platform. With this integration, Plume aims to enhance its offerings for institutions looking… Read More

February 4, 2025 @ 10:18 pm By Omar Faridi  |  

The global payments landscape is undergoing significant changes, driven by the increasing need for cross-border transactions. TransferGo, a global Fintech company, has launched a multi-currency business account to cater to the growing demands of international businesses. This service allows companies to hold, exchange, send, and… Read More

February 4, 2025 @ 10:13 pm By Omar Faridi  |  

Fuel Ventures, a UK venture capital firm, announced its investment of £2 million in Prosper, a wealth management platform targeting high net worth individuals that is shaking up the way wealth is managed by unlocking access to private markets and leveraging AI. The investment round… Read More

February 4, 2025 @ 5:13 pm By Omar Faridi  |  

As the threat of fraud rises with the increasing use of generative AI, traditional methods of verifying consumer information have become inadequate according to an update from Nova Credit. A study projects AI-driven fraud losses could reach “$40 billion by 2027, highlighting the urgent need… Read More

February 4, 2025 @ 12:57 pm By Omar Faridi  |  

The partnership between Binance Pay and xMoney, a Web3 payment provider in Europe, highlights the growing significance of web3 technologies in streamlining payments. xMoney operates within a “regulated” framework, complying with the EU’s MiCA regulations. With this partnership, Binance Pay’s merchant network has “grown to… Read More

February 4, 2025 @ 10:43 am By Omar Faridi  |  

Solaris SE, Europe’s embedded finance platform, announced the securing of its Series G funding round. This, after facing significant operational challenges during the past year. The investment round with a total volume of €140 million was led by SBI Group and Boerse Stuttgart Group, with… Read More

February 4, 2025 @ 8:15 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) announced that it has obtained VASP registration in the United Kingdom issued by the Financial Conduct Authority (FCA). Obtaining VASP registration in the UK is a crucial step for cryptocurrency businesses, as it allows them to operate legally and offer services to customers…. Read More

February 4, 2025 @ 8:13 am By Omar Faridi  |  

Bank payments Fintech GoCardless has released its UK Companies House filing for fiscal year 2024, indicating growth in various markets including North America. GoCardless, which claims it managed to lower losses after a 20% reduction in company staff, says it has now shifted some employees… Read More

February 4, 2025 @ 7:59 am By Omar Faridi  |  

Total private equity investment activity in the UK rose by 4.4% in 2024, with deal values increasing to their “highest level for two years,” according to the  UK Private Equity Review from KPMG UK. This increase was as a result of a more “stable economic… Read More