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

Plum, the “smart money” app, is reportedly planning to launch a new “Interest” offering in Q3, so customers can benefit more quickly and directly from rising central bank rates. Plum customers in the UK and EU will be able “to hold their money in government-backed… Read More

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

At a time when the EUR/USD pair has never been so sensitive to market fluctuations, iBanFirst is now offering its clients “the possibility of opening local accounts in USD to facilitate the transfer of flows from European SMEs to the US.” It can be particularly… Read More

June 8, 2023 @ 8:37 am By Omar Faridi  |  

After more than a decade of significant investment in mobile apps and websites, many U.S. banks and credit card providers have mastered the basics of digital transaction management and are now turning their attention to more advanced “super tools.” According to a series of recent… Read More

June 8, 2023 @ 6:11 am By Omar Faridi  |  

The team at Gemini is pleased to announce that Gemini will soon “begin the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE).” As a “forward-thinking,” global financial hub, the UAE is “continuing its tradition of leadership by… Read More

June 8, 2023 @ 2:17 am By JD Alois  |  

SaveLend Group has received regulatory approval from the Danish FSA (Finanstilsynet) to acquire Lunar Bank’s peer-to-peer lending business. According to a statement by SaveLending, the P2P business will now be migrated over to Savelend in the coming months. The acquisition includes all customer relations with… Read More

June 8, 2023 @ 1:12 am By Omar Faridi  |  

Payments are one of crypto’s “biggest” and “earliest” use cases, and Binance‘s new partnership with Lyzi is “helping to achieve this goal in more locations.” While many use crypto as an investment, it’s also “a great way to transfer value globally with minimal fees and… Read More

June 7, 2023 @ 11:08 pm By JD Alois  |  

Circle is continuing its push to mitigate regulatory risk by receiving licenses to operate beyond the boundaries of the US. This week, Circle announced it had been approved as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS). Circle is a top… Read More

June 7, 2023 @ 10:54 pm By Omar Faridi  |  

Dapi, a UAE-based fintech company, part of Hub71’s global tech ecosystem, is thrilled to announce a strategic partnership with global technology company Mastercard, aimed at introducing account-to-account (A2A) payments on Mastercard Payment Gateway Services (MPGS). The agreement was “signed at Seamless Middle East, the largest… Read More

June 7, 2023 @ 10:53 pm By Omar Faridi  |  

Archax, the FCA regulated digital asset exchange, broker, and custodian, today announced the appointment of Ben Zennou as its new Head of Crypto Sales. Reporting into the CRO, Zennou will be “responsible for leading the company’s continued growth in crypto markets, including the establishment of… Read More

June 7, 2023 @ 10:42 pm By Omar Faridi  |  

NatWest Group has completed its acquisition of a majority shareholding in workplace savings and pensions fintech, Cushon. In February 2023, NatWest Group agreed “to acquire 85% of Cushon for £144m, with 15% retained by Cushon management.” This acquisition was subsequently “approved by the FCA in… Read More

June 7, 2023 @ 8:30 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued new rules for crypto promotions. The rules are said to align with other financial services offerings. CryptoUK, an association representing the UK’s digital asset industry, has issued a statement on the marketing rules. Su Carpenter, Director of… Read More

June 7, 2023 @ 8:14 pm By Omar Faridi  |  

A B2B marketplace for payments solutions, the JP Morgan Payments Partner Network aims to connect J.P. Morgan (NYSE:JPM) clients “with the broader payments and technology ecosystem.” This searchable ‘one-stop shop’ will open up new opportunities for the payments industry. Tapping into the power of the… Read More

June 7, 2023 @ 7:46 pm By Omar Faridi  |  

Keeta, a new global payments platform offering instant and secure cross-border monetary transactions, announced its official launch with $17 million in funding from investors, including Eric Schmidt and Steel Perlot Management, LLC. Powered by a “highly scalable” proprietary ledger technology, capable of processing more than… Read More

June 7, 2023 @ 7:44 pm By Omar Faridi  |  

OKX, which claims to be the world’s second largest cryptocurrency exchange by trading volume (behind Binance) and a “leading” Web3 technology company, and regulated digital asset custody service provider Komainu, announced that OKX has “joined collateral management platform Komainu Connect, enabling institutional customers to conduct… Read More

June 7, 2023 @ 7:43 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, today released new capabilities that cement its position as the premier source for automated business and person verification workflows. The latest update bolsters Trulioo global leadership by “expanding geographic coverage and localization for person verification and further automating business… Read More

June 7, 2023 @ 7:01 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has introduced new rules for the digital asset or crypto asset industry. The FCA describes the new rules as “tough,” incorporating a “cooling off period” for new investors – commencing on October 8, 2023. The marketing rules are part… Read More

June 7, 2023 @ 6:56 pm By Omar Faridi  |  

PhonePe Group, which recently received the NBFC-AA license from RBI, announced the launch of its Account Aggregator (AA) services through its wholly-owned subsidiary PhonePe Technology Services Pvt Ltd (PTSPL). PTSPL’s Account Aggregator service “will allow Indian consumers to consent to and share all their financial… Read More

June 7, 2023 @ 5:10 pm By Omar Faridi  |  

Kraken, which claims to be one of the world’s “longest standing” and most “trusted” crypto platforms, announced the appointment of Vishnu Patankar as Chief Technology Officer (CTO). Patankar reportedly “brings over twenty years of technology expertise to Kraken and helped Fortune 500 companies like Microsoft,… Read More

June 7, 2023 @ 4:41 pm By JD Alois  |  

  SEC Commissioners Hester Peirce and Mark Uyeda have issued a public dissent of the Commission’s decision to deny CryptoFed DAO’s request to withdraw its registration statement and the motion to dismiss the case by the Division of Enforcement. In brief, in November 2021, the… Read More

June 7, 2023 @ 3:58 pm By Omar Faridi  |  

The age of embedded finance and digital financial services has reached an inflection point, “with new payments and shopping solutions now commonplace in the US alongside legacy systems,” according to a new survey from Marqeta (NASDAQ: MQ), the global modern card issuing platform. The company’s… Read More