Search Results for: Financial Innovation Now

Binance and Global Fintech Institute to Support Financial Technology Development

Binance announced support for the Global Fintech Institute (GFI) to advance fintech education, professional development, and innovation. This collaboration aims to equip professionals with the skills needed to succeed in an era defined by artificial intelligence (AI), blockchain, and evolving financial regulations. As part of… Read More

Swiss Blockchain Firm Fedrok AG CEO Shares Perspective on Role of DLT in Supporting Financial Inclusion

As sustainable finance and financial inclusion continue to gain traction on a global scale, technology-powered solutions leveraging blockchain and Web3 are playing a key role in addressing traditional financial challenges. As part of this movement, Swiss blockchain company Fedrok AG, says it has been actively… Read More

AI and Blockchain Innovations Accelerate Singapore’s Fintech Ecosystem Growth Amid Investment Recalibration – Report

Singapore’s fintech sector “recalibrated” in 2024, with investment totaling $1.3 billion, the lowest level seen since 2020 according to a report from KPMG. This strategic pivot reflects a global trend “as fintech investment reached a seven-year low of US$95.6 billion.” Despite reduced funding levels, Singapore’s… Read More

Malta Financial Services Authority Extends Compliance Outcomes-Based Supervision to All Financial Services Sectors

The Malta Financial Services Authority (MFSA) has released its Supervisory Priorities for 2025, outlining the Authority’s commitment to fostering market integrity, consumer protection, and financial stability. This document details the MFSA’s supervisory focus areas for 2025, building on its “compliance outcomes-based approach to supervision introduced… Read More

Open Banking APIs Expected to Serve Key Role in Digital Financial Services – Report

The financial landscape is undergoing a significant transformation, driven by the rise of open banking and the power of Application Programming Interfaces (APIs), according to an update from Juniper Research. A recent report from Juniper Research, titled “Open Banking APIs: Facilitating the Future of Finance,”… Read More

Canadian Consumers Concerned About Impact of Fraud on Financial Wellbeing – Research

Mastercard’s (NYSE: MA) range of fraud detection tools and solutions help protect and ensure payment security for consumers and businesses. In an evolving digital world, fraud threats seem to be coming from every direction, making it “challenging for Canadians to feel and remain secure.” Launching… Read More

Fintech Innovations Are Making Compliance Even More Critical – Research Report

The rise of financial technology has enhanced the financial services industry by leveraging technology to provide solutions that enable financial inclusion, streamline processes, and improve user experiences, according to an update from Citi Group. From digital payments to peer-to-peer lending, artificial intelligence (AI) and blockchain… Read More

Provenance Blockchain Now Has $12B+ in Real World Assets (RWAs) TVL

Provenance Blockchain Foundation is supporting the public blockchain for financial services, with $12B+ in RWA TVL. This public (permissionless) blockchain is reportedly leveraged by various financial institutions and fintech firms. Finance is evolving. Your portfolio won’t just be crypto, it’ll be tokenized real estate, private… Read More

GoCardless and Financial Cloud to Enhance Payments with Open Banking

Financial Cloud, a provider of enterprise software solutions, partnered with bank payment company GoCardless to improve payments for financial service providers in the United Kingdom. This collaboration will see GoCardless’ Direct Debit payments and Instant Bank Pay (IBP), its open banking payment feature for “one-off… Read More

BNPL Adoption: FICO and Affirm Release Analysis of Buy Now Pay Later Loans

FICO (NYSE: FICO), global analytics software provider, released key guidance and takeaways from a study that has recently analyzed the impact of including ‘Buy Now, Pay Later’ (BNPL) loans in a consumer’s FICO Score. FICO conducted the 12-month study in partnership with Affirm (NASDAQ: AFRM),… Read More

Instant Payments : Fintech FIS Introduces FedNow Send Capabilities

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

Japan’s Financial Market Data Provider JPXI Partners with AI Cloud Data Firm Snowflake

JPX Market Innovation & Research, (JPXI), a provider of Japan’s financial market data, and Snowflake, the AI Data Cloud company, announced a partnership in order to disseminate data over Snowflake’s platform. Data provision via Snowflake will enable market participants to get access to JPXI’s data… Read More

Formance, an Open Source Financial Infrastructure Provider, Reports $21M Series A Round

Alexander Hamilton Money Dollars USD

Formance, an Open Source financial infrastructure provider, announced the close of a $21 million Series A funding round co-led by PayPal Ventures and Portage, with participation from Y Combinator, Hoxton Ventures, and AXC. This latest milestone reportedly comes on the heels of a “10x increase”… Read More

Arab Financial Services Announces Expansion into UAE

Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler across the MENA region, has announced its expansion into the United Arab Emirates. This  follows the acquisition of a Retail Payment Services License – Category II from the Central Bank of… Read More

Bank of America CEO Acknowledges Potential for Crypto Payments, Calls for Regulatory Clarity

In recent comments, Bank of America’s (NYSE: BAC) CEO Brian Moynihan expressed the bank’s readiness to support cryptocurrency payments in the future, highlighting the need for clear and robust regulatory frameworks before they can fully embrace crypto transactions for clients. Moynihan said at the World… Read More

Clutch Announces $65M Series B to Assist CUs with Leveraging Financial Technology

Clutch says it is turning credit unions into Fintechs, and with the successful completion of a Series B funding round, is equipped with $65 million to  transform the way credit unions deliver products and services to the members and communities they serve. The Series B investment… Read More

House Financial Services Committee Chairman, Fintech Subcommittee Chair Issue Statement on President Trump’s Executive Orders Relating to Digital Assets, AI

Representative French Hill, Chairman of the House Financial Services Committee, and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil have posted a comment following President Trump signing Executive Orders relating to digital assets and AI. Yesterday, Trump reaffirmed his commitment to supporting… Read More

HyperPay Obtains License from SAMA to Support Development of Financial Services Ecosystem in KSA

HyperPay, the Saudi payments services provider (PSP) operating in the MENA region, reportedly obtained a license from the Saudi Central Bank (SAMA) in order to support the diversification and development of the financial services ecosystem in KSA. In line or consistent with its strategy to… Read More

House Financial Services Committee Reveals Leadership Roles

The House Financial Services Committee has released leadership positions for the Committee, including Subcommittee Chairs. Following the exit of the past Chair, Patrick McHenry, Representative French Hill has taken over the leadership of the powerful Committee, which is expected to pursue legislation that supports innovation… Read More

Central Bank of Ireland Launches First Innovation Sandbox to Combat Financial Crime

The Central Bank of Ireland has launched its first “innovation sandbox programme,” introducing seven private-sector ventures focused on tackling financial crime. The initiative provides a controlled environment for testing new technologies, enhancing collaboration between the central bank and the fintech sector, and advancing solutions to… Read More

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