Global

June 19, 2023 @ 9:07 am By Omar Faridi  |  

In another step to expand access to credit and broaden its portfolio, Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, announces a new type of loan with investments in Tesouro Direto (treasury Securities) as collateral…. Read More

June 19, 2023 @ 8:52 am By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping destination, unveiled new tools enabling consumers to make more informed purchasing decisions and take action for the planet, “including a top-up donations feature and expanded CO₂e emissions tracking insights within the Home & Gardens and Jewelry… Read More

June 19, 2023 @ 8:39 am By Omar Faridi  |  

Bitpanda Cash Plus is described as a new way for the community “to earn 2.57% yield and even more on their cash, and another big step towards our goal of simplifying wealth creation for everyone.” As explained in a blog post, Bitpanda Cash Plus claims… Read More

June 18, 2023 @ 6:40 pm By Omar Faridi  |  

Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide. Citi TTS continues “to migrate its… Read More

June 18, 2023 @ 6:38 pm By Omar Faridi  |  

Transcend, a provider of liquidity, funding, and collateral optimization solutions, has appointed Emily Harris as a Product Specialist, based out of the United Kingdom. In this role, Emily will “focus on leading Transcend’s securities finance product development efforts and growing the firm’s global footprint, particularly… Read More

June 18, 2023 @ 3:34 pm By Omar Faridi  |  

Thunes, the global B2B payment infrastructure platform, today announced the inauguration of its new office in Beijing, China. This strategic move signifies Thunes’ commitment “to empowering Chinese businesses and consumers by providing faster and more affordable transactions with key international markets.” The opening ceremony of… Read More

June 18, 2023 @ 12:32 pm By Omar Faridi  |  

Volante Technologies, the global firm focused on cloud payments and financial messaging, today announced the general availability of Volante Embedded Preprocessing, its latest solution “to help banks validate, transform and route payments messages efficiently, while also delivering a better customer experience to drive business growth.”… Read More

June 18, 2023 @ 12:31 pm By Omar Faridi  |  

The World Economic Forum (WEF) has launched the AI Governance Alliance, a dedicated initiative focused on responsible generative artificial intelligence (AI). This initiative expands “on the existing framework and builds on the recommendations from the Responsible AI Leadership: A Global Summit on Generative AI.” The… Read More

June 18, 2023 @ 9:42 am By Omar Faridi  |  

Hexaware Mobiquity, a digital consultancy that designs and delivers innovative digital products and services for the world’s leading brands, released the results of the firm’s annual Global Benchmark for Sustainable Banking Report. This third iteration of the report “surveyed 600 C-suite banking executives across the… Read More

June 18, 2023 @ 8:57 am By Omar Faridi  |  

EPAM Systems, Inc. (NYSE: EPAM), a digital transformation services and product engineering company, announced a strategic, global partnership with Google Cloud to develop and deploy Artificial Intelligence (AI)-first Google Cloud solutions to help enterprises overcome operational challenges and drive transformational growth. Through this partnership EPAM… Read More

June 17, 2023 @ 4:26 pm By Omar Faridi  |  

MoneyGram International, Inc., a global financial technology company that connects the world’s communities, released the findings of a new consumer survey, which explores key trending factors and future growth drivers in the global payments industry, taking into account economic impact, digital adoption and demographic behaviors…. Read More

June 17, 2023 @ 4:10 pm By Omar Faridi  |  

One in every five global consumers surveyed in 2022 said they “fell victim to payments fraud in the last four years — 26.9% of whom are victims of Authorized Push Payment (APP) scams, which is the number one fraud threat globally” — according to the… Read More

June 17, 2023 @ 11:19 am By JD Alois  |  

Earlier today, the SEC revealed that it has received court approval for “emergency relief” from Binance and affiliated entities to require funds impacting US investors to be maintained in the US. The order states that funds must be repatriated and held for the benefit of… Read More

June 17, 2023 @ 10:06 am By Omar Faridi  |  

Crypto infrastructure provider Wyre is reportedly winding down its operations. This, after really feeling the pressure of dwindling interest in a volatile market that was promoted as the next frontier of innovative finance. The decision by Wyre, announced via a tweet this past Friday, comes… Read More

June 17, 2023 @ 10:02 am By Omar Faridi  |  

One of the UK’s largest small business lending platform, Funding Circle (LSE: FCH), has made its new product, FlexiPay, available for brokers to offer their clients who currently have a Funding Circle business loan. The launch of FlexiPay “means small business borrowers can now also borrow,… Read More

June 17, 2023 @ 9:56 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received court approval for emergency relief regarding assets held by Binance for US customers. The SEC states that all defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng… Read More

June 17, 2023 @ 9:44 am By JD Alois  |  

As part of the new European Crowdfunding Service Provider Regulation (ECSPR), which legalizes pan-EU securities crowdfunding, platforms must be approved by the relevant authority in a member state. France, the second largest economy in the EU, has incorporated rules for the approval process and today… Read More

June 16, 2023 @ 7:23 pm By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the financial services arm of The Linux Foundation, will announce at the FINOS Open House at J.P. Morgan its efforts “to spearhead the growth of emerging technologies with the launch of the Zenith Special Interest Group (SIG).” The SIG… Read More

June 16, 2023 @ 6:52 pm By JD Alois  |  

Binance is continuing its staggered retreat from another market. According to a Tweet from today, Binance is exiting the Netherlands market as they have been “unable to register as a VASP with the Dutch regulator.” A VASP is a virtual asset service provider, and the… Read More

June 16, 2023 @ 12:45 pm By Omar Faridi  |  

An international consortium of industry and technical experts, supported by government, business and other organizations have “completed the world’s first quantum-secure cross-border electronic trade document transaction, delivering a verifiable, secure, and legally recognizable solution for future digital trade transactions. This significant step forward in the… Read More