We find Fintech news from around the world and share it with you here.
At PayPal (NASDAQ: PYPL), they claim to be focused on a goal to empower consumers and merchants worldwide to engage in the global economy, all while doing good in the world. The PayPal 2023 Global Impact Report details how their progress on their corporate sustainability… Read More
Read more in: Global, Fintech | Tagged digitalization, payments, paypal
Singapore and the United Kingdom have enhanced their existing relationship in regard to Fintech development and utilization. The UK is the top western Fintech hub and Singapore represents the most robust Fintech center in Asia. The initiative was led by HM Treasury and the Monetary… Read More
Read more in: Fintech, Artificial Intelligence, Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged cbdc, hm treasury, mas, mass, monetary authority of singapore, singapore, tokenization, uk, united kingdom
Tether, the issuer of the top stablecoin USDT, says it has committed more money to Georgia-based Fintech CityPay.io. Tether did not provide further details on the investment, only noting that it was an “additional investment.” CityPay is said to be active across 600 locations in… Read More
Read more in: Blockchain & Digital Assets, Fintech, Global | Tagged citypay, georgia, payments, tether
Panax, a cash management platform powered by AI [artificial intelligence] and Open Banking, has raised $10 million in Series A funding. To date, Panax has raised $15 million. Panax targets mid-market and large firms with complex treasury demands. The service enables the management of numerous… Read More
Read more in: Fintech, Artificial Intelligence, Global | Tagged israel, open banking, panax, treasury
Corlytics, a regulatory intelligence and policy compliance tech provider, has acquired a digital Regtech platform from Deloitte UK. The marriage of the two platforms is described as transformational, “completing the cycle of regulatory assessment and implementation.” The announcement closely “follows Verdane’s majority stake investment last… Read More
Read more in: Regtech & Legaltech, Global | Tagged acquisition, corlytics, deloitte, regtech, uk, united kingdom
Allica Bank – the digital challenger bank built especially for established SMEs – has announced the launch of a new partnerships team, specifically focused on growing its relationships with accountancy firms across the UK. Allica, the business bank, sees accountants as “a vital connection to… Read More
Read more in: Fintech, Global | Tagged allica bank, digital financial services, uk, united kingdom
A year after the start Bitpanda first enabled trading for Raiffeisenlandesbank NÖ-Wien, they are pleased to announce that their partnership will now be rolled out “across the North and East of Austria to an additional 55 Raiffeisen banks in Lower Austria and Burgenland.” The core… Read More
Read more in: Blockchain & Digital Assets, Fintech, Global | Tagged austria, bitpanda, digital assets, europe
Over 90% of stablecoin transaction volumes are not being attributed to transfers made by legitimate users, according to a metric created by Visa Inc. (NYSE: V), indicating that these crypto tokens could be far away from becoming a popular method of payment. The dashboard from… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged digital currencies, research, stablecoins, visa
Digital asset firm OKX‘s investment arm OKX Ventures has announced a strategic investment in four consumer-oriented products from Web3 venture studio EVG. According to a blog post by OKX, these reportedly “include multi-chain SocialFi infrastructure Open Social Protocol, decentralized collaboration network Zeek, strategy card game… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged digital assets, investments, okx ventures, socialfi, Web3
State Street Corporation (NYSE: STT) announced the expansion of its Fund Connect ETF portal via upgrades to its Application Protocol Interface (API), now offering coverage to all clients globally including Europe and the APAC region. Fund Connect ETF APIs have been “available in the U.S…. Read More
Read more in: Fintech, Global | Tagged apac, etfs, europe, state street
Fintech Banked and National Australia Bank (NAB) are partnering on a payments solution. The collaboration follows NAB’s VC arm’s participation in Banked’s Series A funding round, which saw NAB contribute $15 million to the firm. The partnership will enable Australian merchants to integrate account-to-account (A2A)… Read More
Read more in: Fintech, Global | Tagged australia, banked, NAB, national australia bank, payments
iCapital, a global Fintech platform aiming to fuel the alternative investment marketplace for the wealth management industry, has announced the introduction of iCapital Model Portfolios. Today, the more than 100,000 U.S. Financial Advisors who use iCapital’s platform “can now access the first model portfolio, iMAP… Read More
Truflation are pleased to announce Truflation integrated Chainlink CCIP, the industry standard for secure cross-chain interoperability, across the Arbitrum, Base, and Ethereum mainnets. They are leveraging CCIP’s Simplified Token Transfer capabilities “to facilitate cross-chain transfers of our native token TRUF, enabling cross-chain payments for node… Read More
Read more in: Fintech, Blockchain & Digital Assets, Global | Tagged CCIP, chainlink, distributed ledger technology, truflation
BitPay, the provider of Bitcoin and cryptocurrency payment services, released its latest report, “The 2024 BitPay Spending Report,” which provides a comprehensive look into cryptocurrency spending during the historic 2024 Bitcoin bull run. Key findings shared by Bitpay include: Crypto payments up 20% from January… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged bitpay, crypto payments, digital currencies, research
Payments and transfers Fintech Mangopay has announced a new VP of Risk Product, Ariel Shoham. He is expected to lead the vision, strategy and roadmap for Identity and Fraud Protection at Mangopay. For decades, Shoham has been engaged in AML/KYC, Regtech, and anti-fraud efforts. He… Read More
Read more in: Fintech, Global, Uncategorized | Tagged france, mangopay, payments
British Business Investments says it has committed to £50 million in a private credit co-investment along with DunPort Capital Management. The funds will help create the co-investment vehicle, Alder Corporate Credit DAC. The funds will be used to support smaller firms in the UK with… Read More
Read more in: General News, Global | Tagged Alder Corporate Credit, british business investments, DunPort Capital Management, uk, united kingdom
Wolters Kluwer (EURONEXT: WKL), a global firm focused on professional information, software solutions, and services, today unveiled its dedicated AI center. The launch marks the company’s ongoing commitment “to combining deep domain knowledge with technology such as artificial intelligence (AI), which Wolters Kluwer has been incorporating… Read More
Read more in: Artificial Intelligence, Global | Tagged ai, artificial intelligence, digital tools, wolters kluwer
Visa Inc. (NYSE: V) and JP Morgan Payments announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers by introducing faster domestic payments in the US through the Visa Direct network. With Visa Direct’s extensive… Read More
Read more in: Fintech, Global | Tagged digital transactions, fintech trends, jp morgan, jpmorgan, visa, visa direct
Mach Recruitment, a Leeds based specialist recruitment business has agreed a £45m invoice finance facility with Metro Bank. As a specialist recruitment business working in the ecommerce and food sectors, Mach Recruitment will use the financing “to support its acquisition ambitions and continued desire to… Read More
Read more in: Fintech, Global | Tagged invoice finance, metro bank, uk, united kingdom
Revolut has launched Revolut X, which is described as a standalone / independent cryptocurrency trading platform that’s offered to the Fintech firm’s UK retail clients. Revolut launched in the United Kingdom, providing fund transfers back in 2015 and started enabling users to purchase, hold and… Read More
Read more in: Fintech, Blockchain & Digital Assets, Global | Tagged digital assets, revolut, revolut x, uk, united kingdom
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