Global

June 22, 2024 @ 1:57 pm By Omar Faridi  |  

Thunes explains that it’s focused on playing a pivotal role in Poland’s payments landscape. Thunes says that its nationwide network enables seamless payments, “linking bank accounts, digital wallets and merchants.” With Thunes’ Pay and Accept solutions, Polish consumers can easily “make real-time cross-border payouts.” Thunes… Read More

June 22, 2024 @ 11:45 am By Omar Faridi  |  

CME Group, the derivatives marketplace, announced its foreign exchange (FX) futures reached an all-time single-day volume record of 3.26 million contracts (equivalent to $314B notional) on June 12. The previous record of 3.15 million contracts ($296B notional) was “set on March 8, 2023.” In addition,… Read More

June 22, 2024 @ 11:37 am By Tony Zerucha  |  

Vixio, a provider of regulatory intelligence solutions, has published its 2024 Open Banking Outlook report, a unique dive into the growing issue of open banking. This report delves into the current and future open banking landscape and offers valuable insights on how businesses can leverage… Read More

June 22, 2024 @ 10:27 am By Omar Faridi  |  

High-net-worth individuals believe U.S. stocks offer the best opportunities for growing assets, but that conviction is less held by younger investors finds the 2024 Bank of America (NYSE: BAC) Private Bank Study of Wealthy Americans. Millennials and Gen Z are increasingly looking “beyond the traditional… Read More

June 22, 2024 @ 10:21 am By Omar Faridi  |  

BitGo is pleased to announce support for W, which is the native ERC-20 governance token for Wormhole. BitGo explains that clients can now “custody W in Hot, Custodial, and Self-Managed Cold wallets.” As noted in a blog post from BitGo, Wormhole is an interoperability platform… Read More

June 21, 2024 @ 6:08 pm By Omar Faridi  |  

For small businesses, navigating the set-up of payment acceptance can be confusing and expensive, often requiring significant upfront costs to set up a website, checkout, and POS terminal. This, according to an update from researchers at Juniper Research. However, merchants can now do all these… Read More

June 21, 2024 @ 5:55 pm By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France have published the 4th edition of their joint report on the monitoring and assessment of the climate commitments made by Paris financial centre participants. This report is… Read More

June 21, 2024 @ 1:28 pm By Omar Faridi  |  

PayPal Ventures is leading Gynger‘s $20 million Series A round. Gynger, the embedded financing platform for technology purchases, also announced the close of “up to $100 million debt facility to fuel its growth.” Gynger, the embedded financing platform for technology purchases, had its investment round… Read More

June 21, 2024 @ 1:01 pm By Omar Faridi  |  

The wCBDC pilot on SIX Digital Exchange will continue over the next two years. The Swiss National Bank (SNB) announced the continuation of the Helvetia Pilot focusing on tokenized securities settlement on SIX Digital Exchange (SDX) in Swiss franc digital central bank money for financial… Read More

June 21, 2024 @ 12:32 pm By Omar Faridi  |  

OpenWealth, the CaixaBank subsidiary dedicated to providing independent wealth advisory services for large clients, surpassed €7.3 billion in assets under supervision at the end of April 2024, reportedly making it “not only the largest wealth advisory firm for Ultra High Net Worth clients, but also… Read More

June 21, 2024 @ 12:26 pm By Omar Faridi  |  

Consumers are spending twice as much when they use their credit cards for interest-free installments compared to traditional Buy Now, Pay Later (BNPL) plans, according to new first-party research shared by Splitit (ASX:SPT). The report, Merchants’ Evolving Perspective On the Value of Card-Linked Pay Later… Read More

June 21, 2024 @ 12:25 pm By Michael Wong  |  

The Securities and Exchange Commission of Ghana (SEC) and the United Nations Capital Development Fund (UNCDF) unveiled comprehensive guidelines for equity and investment-based crowdfunding. This landmark initiative, crafted in partnership with key stakeholders and with substantial technical support from Lelapa African FinTech Advisory, represents a… Read More

June 21, 2024 @ 9:30 am By Omar Faridi  |  

Investments into the e-commerce enablement ecosystem contracted in Q1, producing $1.7 billion across 83 deals, marking decreases of 52.2% and 26.5%, respectively, relative to Q4 seasonal increases. This, according to a report from PitchBook. PitchBook further noted that Q1 2024 approached parity “with Q3 2023,… Read More

June 21, 2024 @ 8:19 am By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, today announced a strategic partnership with Capital.com, a retail trading platform, to support its global expansion with streamlined, convenient onboarding. Capital.com, whose client trading volumes “exceeded $1 trillion in 2023, is one… Read More

June 21, 2024 @ 7:15 am By Omar Faridi  |  

Mastercard (NYSE: MA) has provided an update on its efforts related to scaling open banking to unlock Fintech innovation and enabling choice. The company states that Mastercard Start Path is supporting nine startups across open banking and embedded finance. Mastercard is introducing nine Fintechs “to… Read More

June 21, 2024 @ 7:14 am By Omar Faridi  |  

As regulation and reporting requirements become increasingly stringent, it’s more important than ever for organizations to have powerful, streamlined access to Web3 accounting and financial data. That’s why Fireblocks has teamed up with TRES Finance to offer customers the ability to completely automate Web3 accounting,… Read More

June 21, 2024 @ 7:12 am By Omar Faridi  |  

The UK is experiencing a massive increase in mobile fraud. Consumers, businesses, and government agencies are alarmed and pondering their next steps as they prepare to deal with several emerging trends that have surfaced in 2024. This, according to an update from Prove. Influenced by… Read More

June 21, 2024 @ 7:10 am By Omar Faridi  |  

Digital bank Revolut is reportedly looking to become the most valuable startup in Europe with a target valuation of around $40 billion. This according to a report from the FT. Sources that claim to be familiar with these plans reportedly told the FT that Revolut… Read More

June 20, 2024 @ 7:32 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced its partnership with MECCA, Australia’s largest prestige beauty retailer. To cater to its fast-growing customer base in-store and online, MECCA has chosen Adyen to streamline payments, “amplify customer… Read More

June 20, 2024 @ 2:02 pm By Michael Wong  |  

Xcelerate Pte Ltd, a global Environmental, Social, Governance, Risk, and Compliance (ESGRC) platform, has announced the acquisition of a strategic equity stake in Gieom Business Solutions, a financial service compliance provider. The deal, which was carried out through a combination of primary and secondary investments, aims… Read More